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Reddit

Crypto Reddit Mobilizes After Being Pummeled by Bankruptcies – Bloomberg

By Securities Docket on August 15, 2022, 8:46 am

A few months ago, Celsius Network LLC’s nearly 47,000-strong Reddit group was filled with talk about how much everyone was earning by lending their coins through the platform. After the company filed for bankruptcy, members began using the forum, among others, to fight for the return of their funds. Reddit, Telegram and Twitter helped drive […]

Posted in Industry, Top | Tagged Cryptocurrency, Reddit

GameStop Surge Tests Scope of SEC’s Manipulation Rules – WSJ

By Securities Docket on January 28, 2021, 10:14 am

“If they are all egging each other on using a social-media platform, they are effectively engaged in a crowdsourced pump-and-dump scheme,” said Daniel Hawke, a partner at Arnold & Porter Kaye Scholer LLP. The traders “are making no effort to conceal their apparent intent to manipulate the price of the stock,” added Mr. Hawke, a […]

Posted in Industry, SEC, Top | Tagged GameStop, Reddit

GameStop Stock, Explained: How Reddit Traders Manipulated the Stock Market

By Securities Docket on January 28, 2021, 10:01 am

The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. Here’s how the WallStreetBets group came to power, and how they’re wielding their collective capacity to troll the stock market—and make millions of dollars doing it. Source: GameStop Stock, Explained: […]

Posted in Industry, SEC, Top | Tagged GameStop, Reddit

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