Reddit has filed for an IPO

Meme stock explosion

Reddit has filed for an initial public offering through a confidential draft registration statement with the U.S. Securities and Exchange Commission. While the timing of the IPO is unclear, the filing comes after a strong year of public offerings for technology companies.


It also comes after Reddit’s own WallStreetBets group drew the attention of regulators and market experts for the so-called meme stock explosion earlier this year. Meme stocks are publicly traded companies such as GameStop and AMC that generate buzz viasocial media networks like Redditdespite often losing money.

Users on WallStreetBets greeted Reddit’s IPO announcement with both glee and concern, with some members expressing worries that it could mark the end of the social-media company’s freewheeling culture. Others chatted about buying the stock — or potentially losing money on it.

https://www.cbsnews.com/

Retail investors congregating on Reddit’s WallStreetBets are a force in the stock market

Hedge fund blowups 

Following which stocks Reddit‘s WallStreetBets crowd is talking about this year has paid off, as several have gone through epic rallies and seen heightened volatility.

From GameStop in January to AMC Entertainment in June, the more than 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. The surge in stocks with shaky fundamentals has led to several hedge fund blowups that were caught on the opposite side of the trade betting against the company in question.

GameStop’s short-squeeze, in-part led by the WallStreetBets crowd, led to a more than 50% drawdown in multibillion-dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollars in losses for short-sellers in May and June. As traders look to replicate the success of WallStreetBets stocks, one data aggregator is compiling the most mentioned stocks on Reddit’s forum. These are the top 10 stocks Reddit’s WallStreetBets forum is focused on right now, according to data compiled by SwaggyStocks. The list is based on mentions over the past 24 hours and financial data is sourced from Koyfin: Palantir (10), Docusign (9), AMD (8), Chewy (7), Intel (6), Apple (5), Alibaba (4),  Gamestop (3), Nvidia (2), Tesla (1).

https://markets.businessinsider.com/

Top 10 stocks being talked about on Reddit

Reddit’s WallstreetBets choice

Following which stocks Reddit’s WallStreetBets crowd is talking about this year has paid off, as several have gone through epic rallies and seen heightened volatility.

From GameStop in January to AMC Entertainment in June, the 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. Strong demand for stocks with shaky fundamentals has led to several hedge fund blowups that were caught on the opposite side of the trade betting against the company in question.

GameStop’s short-squeeze, in-part led by the WallStreetBets crowd, led to a more than 50% drawdown in multibillion dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollars in losses for short-sellers in May and June.

As traders look to replicate the success of WallStreetBets stocks, one data aggregator is compiling the most mentioned stocks on. These are the top 10 stocks Reddit’s WallStreetBets forum is focused on right now, according to data compiled by SwaggyStocks. The list is based on mentions over the past 24 hours. 10: Amazon, 9: Hertz, 8: Apple, 7: Snap, 6: Ocugen, 5: AMD, 4: Digital World Acquisition, 3: WeWork, 2: Facebook, 1: Tesla.

https://markets.businessinsider.com/

Uranium Is Gaining Interest On Reddit’s Most Notorious Investment Forum

Nuclear energy production has a virtually nonexistent carbon footprint

Nuclear advocates point out that the much-maligned form of energy production is actually one of the safest out there. And, importantly, nuclear energy production has a virtually nonexistent carbon footprint. It’s a highly efficient form of climate-friendly energy production, and yet it’s still a hard sell. Nuclear power plants are being decommissioned around the world, and have particularly fallen out of favor in the United States. But nuclear still has a lot of fans who make a lot of compelling points, and they are intent on making themselves heard.

While high-profile nuclear disasters like Chernobyl, Fukushima Daiichi, and Three Mile Island loom large in the public consciousness, and the long half-life of radioactive nuclear waste is a hard pill to swallow, nuclear energy actually kills far fewer people than fossil fuels. “Coal power is estimated to kill around 350 times as many people per terawatt-hour of energy produced, mostly from air pollution, compared to nuclear power,” as CNET is quick to point out.

https://oilprice.com/