Stay updated with breaking news from Meme Man. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When Reddit broke the stock market this week, lots of people were introduced to a bunch of new slang words. Here's your quick guide to talking like a newly paper-rich Redditor.
Some memes and investment slang terms are part of a movement that's assisting in driving the price of some stocks.
Did you wake up this morning, check the news, and have FOMO about not buying GameStop stock, but also had no idea what was actually going on? Us, too. GameStop has had a rocky time of things for the past few years and particularly during the pandemic, when it has had to shutter stores and saw its stock price plummet. Until yesterday, that is, when its stock price rose astronomically thanks to Reddit. We had questions and you probably do, too, so let's see if we can answer some. Something has happened with GameStop stock. According to my Twitter feed, it seems that way, yes.
GameStop stock surge lingo: Here's what Reddit's WallStreetBets vocabulary means CNET 3 days ago © Provided by CNET Sarah Tew/CNET Reddit's community, WallStreetBets, is still assisting in the rise of GameStop's stock, which is currently sitting at $272 per share and even hit an all-time high last week. Reddit users are battling it out with Wall Street to keep GameStop's stock prices soaring while Wall Street expected a crash. Small investors are using Reddit communities to drive "meme stocks," causing short sales and short squeezes. And it's not just GameStop. Other companies, like ...