WallStreetBets is a subreddit: an individual message board on the popular internet forum reddit.com. Possible movements on the stock market are discussed there.The WallStreetBets subreddit was founded in 2012 by Jaime Rogozinski. Since then, the subreddit has evolved into a forum where users discuss potential moves in the stock market - usually high risk in search of big wins. In January 2021, the community achieved global fame by propelling GameStop (GME) shares to incredible heights after a major hedge fund opened a significant short position.
WallStreetBets users post and discuss the financial markets, typically pursuing risky investment strategies and looking for stocks that "reach for the stars". You then invest in these stocks through popular retail investment websites like Robinhood, eToro, and Fidelity.
The discussion about WallStreetBets has shifted from Reddit to the major media outlets because one of their "bets" - which relates to the stationary game retailer GameStop - created big problems for a Wall Street hedge fund.
Since yesterday Dodge has also been there, that's why I write it in this subforum.
Do you participate in discussions on Reddit? Do you also buy stocks or currently Dodge?