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Reddit Praises 'Underdogs' During 5-Second Super Bowl Ad in Wake of GameStop Frenzy


Reddit Praises Underdogs During 5-Second Super Bowl Ad in Wake of GameStop Frenzy
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REUTERS / DADO RUVIC
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Sputnik International
https://sputniknews.com/viral/202102081082017511-reddit-praises-underdogs-during-5-second-super-bowl-ad-in-wake-of-gamestop-frenzy/
Wall Street traders lost billions of dollars at the end of January after a group of amateur investors from a Reddit forum coordinated a short squeeze attack on stocks of electronics retailer GameStop. Not only for money though – but for the sake of “justice” – to punish hedge funds for betting on its failure.
Despite the eye-watering cost of booking a Super Bowl advert, Reddit decided to take a chance and spend its “entire marketing budget” on a five-second message to celebrate the “underdogs” in an apparent nod to the architects of the GameStop ploy that played out last month.  ....

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