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Author Topic: Jen Wong is helping Reddit grow up  (Read 4034 times)

rcjordan

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Jen Wong is helping Reddit grow up
« on: June 03, 2021, 04:08:07 PM »
In late 2020, Reddit disclosed audience metrics for the first time, sharing that 52 million people flocked to the platform on a daily basis, an increase of 44% year over year. What happened soon after only cemented Reddit’s clout: The now-infamous Reddit forum r/WallStreetBets inflated the stock price of video-game retailer GameStop, outwitting—and nearly bankrupting—hedge funds that had bet against the stock.

https://www.fastcompany.com/90638354/jen-wong-is-helping-reddit-grow-up
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Rupert

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Re: Jen Wong is helping Reddit grow up
« Reply #1 on: June 04, 2021, 04:44:09 AM »
I am told you should see what they have just done today to AMC cinema stock - have a look at the share price graph for the year
https://www.google.com/search?q=AMC+cinema+stock
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ergophobe

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Re: Jen Wong is helping Reddit grow up
« Reply #2 on: June 04, 2021, 04:46:21 PM »
>>AMC

Look at the 1-year chart to really see it
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rcjordan

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Re: Jen Wong is helping Reddit grow up
« Reply #3 on: June 04, 2021, 04:56:58 PM »
Busting the Gamestop short-selling hedgefunds to the tune of a couple of $billion was the first I'd heard of  /r/wallstreetbets. AMC is the next chapter.
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