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Reddit forum discussions move from meme stocks to cryptocurrencies Discussions on Reddit’s main cryptocurrency forum WallStreetBets have surpassed “meme stock” forum activity this month, with the extent to which day traders have shifted their focus from the equity market to the return of digital coins for quick and somewhat fun returns. Data from the Quiver Quantitative research group show that the volume of comments on the r / Cryptocurrency forum on the social networking site rose 82 percent from May 1 to May 21, with nearly 36,000 comments made daily on Friday at the end of the event...

New data suggests that interest on Reddit has switched from meme stocks to cryptocurrencies. What Happened: According to a report from the Financial Times, Reddit’s cryptocurrency forum “r/Cryptocurrency” has garnered more traction from retail traders than popular meme stock forum “r/WallStreetBets” this month. Data from analytics platform Quiver Quantitative revealed that the volume of posts on r/Cryptocurrency rose over 82% between May 1 and May 21, with daily posts exceeding 36,000 by the end of Bitcoin’s most unstable week in terms of price action. In contrast, the number of...

Share: AMC Entertainment Holdings Inc (NYSE: AMC) said Thursday it had completed a previously announced “at-the-market” equity sale for 43 million shares. What Happened: The movie theater chain raised nearly $428 million in fresh equity capital before taking into account commissions and fees at an average price of $9.94 per share, as per a statement. AMC CEO Adam Aron said, “Bringing in an additional $428 million of new equity capital will immediately buttress and fortify our liquidity profile.” “The additional cash raised puts AMC in a stronger position to tackle the challenges an...

Share: MicroVision, Inc (NASDAQ: MVIS) shares fell over 21% in Thursday' after-hours session after the company announced its first-quarter results for 2021. What Happened: The solid-state automotive lidar and microdisplay technology company’s revenue for the first quarter was $0.5 million in Q1 2021, while in the same period last year it was $1.5 million. Loss per share was reported at $0.04, which is the same number as in Q1 2020 and worse than the Street expectation of loss per share of $0.02. “We expect that a version of this first-generation long-range lidar sensor, after internal an...

Microvision, Inc (NASDAQ: MVIS) fell over 23% in the regular session on Tuesday. What Happened: Shares of the technology company that makes lidar sensors ...