The surge tips reddit
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Reddit bills itself as “the front page of the internet,” a huge online forum that hosts user-led discussions about every subject imaginable. Every month, the site receives over 330 million unique visitors. Reddit AMAs (which stands for “Ask Me Anything”) are Q&As designed to introduce an expert on a subject to a group of interested people, whether they’re timed through the news cycle or generally based on a topic of great general interest. It’s a natural, interactive, and enjoyable way to raise awareness of your job, study, and Boston University.
Your best bets are topics based on the news cycle, seasonality (such as a dietitian answering questions about how to keep your health-focused New Year’s resolutions at the start of January) or of general interest to a Reddit audience (read: updated, and on the geeky side). It’s a good sign that it’s time for an AMA if you’re especially interested in something actually happening in the world that applies to your specialty. There are bound to be a lot of people on Reddit who are interested, and they’ll have questions for you!
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GameStop, based in Grapevine, Texas, posted fourth-quarter earnings after the bell Tuesday that met analyst estimates, raising bullishness among Reddit traders in the company’s first quarterly report since a near 2,000 percent gain in January.
The long-struggling brick-and-mortar gameseller reported fourth-quarter sales of about $2.1 billion, falling short of analysts’ expectations of $2.2 billion but nearly matching revenue from the same time last year, before the chain closed about 12% of its stores.
GameStop reported early Tuesday that chief customer officer Frank Hamlin would resign on March 31 after less than two years in the role, marking the company’s second executive departure since billionaire activist investor Ryan Cohen, the cofounder and former CEO of booming pet supplies company Chewy, joined the board of directors in January.
Bank of America analyst Curtis Nagle said ahead of the earnings report that he expects “an underwhelming quarter” due to weak holiday sales; he reiterated an underperform rating and a price target of $10, which is approximately 95% below current levels.
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Unemployed people had no choice but to turn to the internet to find the answers they sought. When more jobs were lost, the subreddit, which had previously seen less than ten posts a day, began to see a huge influx of people seeking advice. There are currently over 70,000 users on the forum, with over 1,300 claims filed. When asking a moderator questions about finance, individuals must include their state of residence. “On r/Unemployment, post after post conveys bureaucratic issues with countless variations.” – @reddit via WSB to this – tells us that the internet is the dividing line between two cultures, ushering the future into our lives on a regular basis. 1xu5qnFaao https://t.co/1xu5qnFaao Angad Chowdhry (@angadc) (@angadc) (@angadc) (@angadc) (@angadc 15 February 2021 A lot of the forum’s operation takes place in the comments section of individual posts, where people answer questions, exchange information, and offer advice. Although the number of allegations is currently declining, the increased traffic to the forum shows that official networks are still unable to handle inquiries and provide assistance. Typically, unemployment insurance is provided and regulated by the state. Due to the pandemic, however, the federal stimulus package passed in March 2020 provided support for services that extended eligibility for benefits even further.
How reddit used gamestop to troll wall street – ign daily
That is exactly what happened in the case of Macerich Cos., a mall owner, when the Ontario Teachers’ Pension Plan sold nearly $500 million in Macerich shares. This sale took place only last week, when Reddit’s attempt to benefit from GameStop’s stock was in full swing.
Although local mall owners like PREIT, which owns Exton Square Mall, are still clinging to life after recently filing for bankruptcy, this proposal from some enterprising Redditors is unlikely to help them.
Green Street Research replied to the controversy created by the WallStreetBets subreddit’s investments, saying that the “simple misplacing should presumably correct with time, even if the near-term is uncertain.”