Canada After hype about GameStop shares & Co: Will Clubhouse now become the anti-Reddit?

09:15  23 february  2021
09:15  23 february  2021 Source:   finanzen.net

Make It GameStop! All the Competing Film and TV Projects in the Works About the WallStreetBets Saga

  Make It GameStop! All the Competing Film and TV Projects in the Works About the WallStreetBets Saga Hollywood is no stranger to competing projects that are each racing to be first or to be the definitive story, be it two Fyre Fest documentaries, two biopics about Steve Jobs or two different "Jungle Books." But the number of projects surrounding GameStop and the investors on Reddit's WallStreetBets is unheard of. TheWrap counts a whopping eight different projects all announced within the last few weeks that aim to focus on how GameStop, labeled a "meme stock" by independent online traders, surged by 1500% in market share before the price came crashing down again.

Why GameStop ? The popular Reddit page WallStreetBets is fond of targeting short-sellers. If you've ever played craps, these are the guys betting against the table, and their tactics, while often lucrative, have burnished their reputation as bloodsuckers and other, unpublishable, names. Shares of the new WSB plaything were up more than 200% Wednesday after members of the Reddit board and investors on Robinhood were touting the stock. The hashtag #SaveAMC was trending on Twitter. Both AMC and GameStop spiked so rapidly Wednesday they triggered automatic halts designed to protect against

Work for GameStop ? Make sure to read the "Social Media Posting Guidelines" on GSO before posting! Rules. This is a subreddit to discuss GameStop related things, such as weekly deals, preorder bonuses, ect. Anonymity: NO posting pictures of customers, employees, or backrooms. Safe Space: This is NOT a place to hate on GameStop , trolling comments/posts will be deleted. Have fun surfing and keep it civil! Be Yourself: No Fake/Spam accounts. They will not be tolerated and will be removed. Period. Shitpost / Low-effort:No shit-posts or low effort posts will be allowed.

podcasts, open discussions with experts and exclusivity: Clubhouse meets the zeitgeist and is currently experiencing a real hype. When it comes to stock market events, the audio-based social network app could even develop into an anti-Reddit.

• Clubhouse also very popular for financial topics

• Participation by invitation only

• Trolls tend to hold back

The stock markets are still under the impression of the short-selling war that has recently broken out: Many private small investors have mobilized themselves via Reddit and other Internet forums and, with concerted buying, the prices of heavily shorted stocks, such as the US video game retailer GameStop , increased. In doing so, they caused high losses and even near ruin for some hedge funds, which, however, speculated on falling prices. In the meantime, the prices of the stocks concerned have fallen significantly again.

House GameStop Hearing Delves Into Robinhood, Reddit And WallStreetBets

  House GameStop Hearing Delves Into Robinhood, Reddit And WallStreetBets Vlad Tenev, founder of retail stock trading app Robinhood, told a House Committee on Thursday that “the financial system should be open to everyone,” including frenzied buyers of GameStop and AMC Entertainment whipped up by a Reddit chatroom. He apologized profusely that a funding rule had forced the app to subsequently block share purchases – a temporary restriction that was a focus of the five-hour hearing today. The stocks fell and some Robinhood users lost their shirts.

Shares of AMC Entertainment, BlackBerry, Bed Bath & Beyond and Express have soared, too. It might be just enough to make you wonder: Am I missing something? We polled financial advisers on both sides of the Atlantic and asked them that question. This is what they want you to know now right now “Unless these people are actually going into GameStop to interview the CEO and getting access to their books like institutional investors do, then it’s completely hearsay.” You’re Probably Not Running for Governor of California. Yes, wealthy investors have recently revealed their stakes in

Find the latest GameStop Corporation (GME) stock quote, history, news and other vital information to help you with your stock trading and investing. GameStop was Bitcoin and Tesla.”Still, investors haven’t failed to notice the outperformance compared with traditional assets. The Bloomberg Galaxy Crypto Index has towered over the returns of stocks, gold, commodities and bonds so far this year.Advocates such as former hedge fund manger and Galaxy Digital founder Mike Novogratz are seeking to position themselves for even bigger gains.Galaxy’s trading desk is one of several that are

Hype about Clubhouse

Another channel through which financial discussions can take place is the audio-only Clubhouse app, where you can listen to conversations in so-called rooms like a live podcast or take an active part in discussions.

The app has experienced a real hype since its debut in March, which is partly due to the fact that you can only participate with an invitation from an already registered user. It is precisely this exclusivity that makes Clubhouse all the more attractive. On the other hand, numerous celebrities such as Elon Musk and Mark Zuckerberg have performed here. Citing the analysis company Apptopia, "Bloomberg" reported that the app had already been downloaded around five million times.

Fewer trolls on the move

According to "Bloomberg", the new forum could even develop into an ani-reddit for those interested in the financial market. Because for various reasons so-called trolls, i.e. people who willfully disturb and provoke, do not have it easy here.

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Shares of drone manufacturer EHang Holdings Ltd plunged on Tuesday after an investment research firm said it had shorted the stock and questioned the accuracy of what the Chinese company has said about its business. Wolfpack Research, which specializes in short selling, or betting that shares will fall, said EHang is "an elaborate stock promotion" and that the It even goes beyond the so-called “ Reddit stocks” like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC). Commodities have taken off. Even in cryptos, DogeCoin, which started as a joke, now has a market capitalization of billion.

No matter what happens next to shares of GameStop , AMC or the price of silver, average Joes and Janes are now a force to be reckoned with on Wall Street.

On the one hand, this is due to the fact that it is publicly visible from the profile who has invited you. This ensures that invitations are usually distributed with care.

In addition, there are so-called moderators who lead the discussion by bringing users onto the stage and turning them into speakers. Conversely, however, they can also get the users off the stage if they deem it necessary. These moderators can be characterized by in-depth specialist knowledge or simply by having a talent for leading discussions.

According to "Bloomberg", participants have found that clubhouse naturally makes it easier to correct misinformation. In addition, the atmosphere is more collegial than in other areas of the Internet. Because in general it is easy to express yourself disparagingly when you can hide behind an avatar. On the other hand, at Clubhouse you have to defend your position with your own voice in front of an audience. It is precisely this element of voice that distinguishes Clubhouse from other social media channels such as Instagram, TikTok, , Twitter, or Reddit and helps to keep trolls away.

How Elon Musk Lost $30 Billion Overnight – and the Title of World's Richest Man

  How Elon Musk Lost $30 Billion Overnight – and the Title of World's Richest Man Tesla and SpaceX founder Elon Musk is no longer the world's richest person, after losing roughly $30 billion from his net worth in a span of less than 24 hours. According to the Bloomberg Billionaire's Index ranking the world's top 500 wealthiest people, Musk is now worth $183 billion. That puts him second to Amazon founder Jeff Bezos, whose net worth is roughly $186 billion. The reason Musk lost so much money so quickly was because Tesla'sAccording to the Bloomberg Billionaire's Index ranking the world's top 500 wealthiest people, Musk is now worth $183 billion. That puts him second to Amazon founder Jeff Bezos, whose net worth is roughly $186 billion.

GameStop shares close down 30% — a big move for anyone who just got in. GameStop shares were down double digit percentages by mid-session on Monday, following a massive short squeeze last month fueled by retail investors on Reddit ’s WalStreetBets forum. Yahoo Finance’s Alexis Christoforous and Sinan Aral, Author The Hype Machine, discuss social media’s role in the short-squeeze frenzy.

Unlike GameStop or AMC, Palantir is not in the crosshairs of short-sellers. The GameStop short squeeze drama has now moved to Congress where on Thursday the House Financial Services Committee held a special hearing on the matter. See Also: GameStop Fame's Roaring Kitty To Congress: 'In Short, I Like The Stock' Price Action: Palantir shares closed nearly 7% lower at .17 on Thursday and rose 4.85% to .39 in the after -hours session. Photo by Tech. Co on Flickr See more from BenzingaClick here for options trades from BenzingaMusk's Dogecoin Army Recruit Gene

Do not neglect self-protection

But the listeners themselves can also contribute to their own protection, because they should not forget that dubious participants can also cavort on Clubhouse. For example, a clubhouse listener told Bloomberg that it was always a warning flag for her if only one person spoke. You therefore choose conversations with several moderators who can correct or at least question bad information if necessary.

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Reddit CEO proud of WallStreetBets: "Community breaking into the establishment" .
The gap between private and professional investors is glaring, as the events surrounding the WallStreetBets movement in January clearly showed. The head of the platform, on which small investor hedge funds declared war, advocates the uprising of small shareholders in an interview. © Provided by Finanz.net Spencer Platt / Getty Images • GameStop hype has caused turbulence in the market • Reddit boss proud of his company's involvement • Attack on establishment Steve Huffman, CEO of the discussion

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