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Five things to watch in Reddit stocks trading mania | Malay Mail

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NEW YORK, Feb 2 — Silver dropped more than 4 per cent today and GameStop Corp sank 33 per cent in early European deals, raising questions about how long a social media-fuelled trading frenzy in stocks and other assets would last. The populist trading rally, organised in online forums such as...

Reddit mascots are displayed at the company's headquarters in San Francisco, California April 15, 2014. — Reuters pic

NEW YORK, Feb 2 — Silver dropped more than 4 per cent today and GameStop Corp sank 33 per cent in early European deals, raising questions about how long a social media-fuelled trading frenzy in stocks and other assets would last. The populist trading rally, organised in online forums such as Reddit’s WallStreetBets, has helped attract a flood of retail cash into stocks such as GameStop, burned hedge funds that had bet against the stocks and roiled broader markets.The rally in silver halted overnight with prices slipping back below US$30 after CME Group raised Comex 5000 Silver Futures maintenance margins by 17.9 per cent.

 

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Buoyed by stock market mania, Reddit raises fresh capital | Malay MailWASHINGTON, Feb 9 — Reddit, the online bulletin board at the centre of the recent stock market frenzy, said today it had raised some US$250 million (RM1 billion) at a reported valuation of US$6 billion to fuel expansion of the service. With some 50 million daily users, Reddit remains one of the...
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