Wall Street meets Reddit: What are the upsides and risks of social investing?
June 17, 2024
June 17, 2024
UNIVERSITY PARK, Pennsylvania, June 17 -- Pennsylvania State University issued the following news:
A decent quarterly report may not nudge a company's stock price far, but a meme posted to Reddit's WallStreetBets subreddit may. The online community known for its seriously unserious banter, memes and not-so-family-friendly jokes shot to fame in early 2021 for having contributed to the skyrocketing rise of videogame retailer GameStop's stock price.
The WallStreetBets subr . . .
A decent quarterly report may not nudge a company's stock price far, but a meme posted to Reddit's WallStreetBets subreddit may. The online community known for its seriously unserious banter, memes and not-so-family-friendly jokes shot to fame in early 2021 for having contributed to the skyrocketing rise of videogame retailer GameStop's stock price.
The WallStreetBets subr . . .