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Blockchain
May 5, 2021
WallStreetBets Launching dApp to Bring Transparency to Markets
The sub-Reddit forum that drove the GameStop rally through a community effort against short-sellers is now seeking to enter blockchain space and eliminate market speculation from the equation. Stock Markets Get Blockchain Treatment through WSB dApp WallStreetBets’ name gained popularity around the same time GameStop short-sellers tried tanking the company’s stock but were met with a stern pushback […]
Business
January 31, 2021
Gambling with Stocks Will Ultimately Lead to Painful Losses
Gambling in stock trading is dangerous, an article in Bloomberg implies, analyzing the latest events around market price movements of GameStop shares. The Rebel of the Ants Provided with easy access to stock day trading from the Robin Hood platform, as well as its “addictive gamification”, young people gathered around the WallStreetBets forum for stock […]
Business
January 28, 2021
How WallStreetBets Subreddit Drives GameStop Stock Rally
GameStop, an embattled and disintegrating games retailer, has been bolstered up by the efforts of a Reddit forum by the name of WallStreetBets, which sent the value of the company’s shares up by 2000% over the last month. WallStreetBets Resurrects a Dying GameStop After the flurry of excitement surrounding the WallStreetBets subreddit, the board […]