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MONEYWEB app instead? By Davide Scigliuzzo and Katherine Doherty, Bloomberg 1 Feb 2021  07:31  Image: Tiffany Hagler-Geard/Bloomberg It’s the kind of rescue that the most indebted companies in America can only dream of: a fresh injection of cash that doesn’t hurt their already depressed stock price or load even more costly debt onto their balance sheet. Yet thanks to the army of day traders who use Reddit to tout and bid up out-of-favour stocks and squeeze short sellers, firms such as American Airlines Group Inc. and AMC Entertainment Holdings have found themselves on the recei...

The Reddit Army Bailout: Desperate Companies Get New Lifelines Bloomberg 1/31/2021 Davide Scigliuzzo and Katherine Doherty (Bloomberg) -- It’s the kind of rescue that the most indebted companies in America can only dream of: a fresh injection of cash that doesn’t hurt their already depressed stock price or load even more costly debt onto their balance sheet. Popular Searches Yet thanks to the army of day traders who use Reddit to tout and bid up out-of-favor stocks and squeeze short sellers, firms such as American Airlines Group Inc. and AMC Entertainment Holdings Inc. h...