Today, Bed Bath & Beyond (BBBY), a once powerful retail chain in the US that has been plagued by serious financial problems in recent years, is carrying out a wild rally that exceeds 40%. The answer, it seems, lies with WallStreetBets, the micro-investors who tune into Reddit in search of heavily shorted stocks. “We believe […]
Tag: Reddit
Reddit is preparing to go public
Reddit has announced that it has submitted a confidential request to the US Securities and Exchange Commission for an initial public offering, according to the Wall Street Journal. The company stated in its blog that it has started the process with the Hellenic Capital Market Commission, but did not share further details. “The number of […]
Palantir Technologies Shares Decline As Loss Surprises Investors
Palantir Technologies reported fourth-quarter earnings results Tuesday, posting a wider-than-expected loss while beating revenue forecasts. Revenue was mainly driven by the government segment which grew 85% year over year, reaching $190 million. Shares declined 6% in premarket trading as investors were shocked to see the loss.
Reddit Targets Koss, Shares Jump
Koss Corporation’s shares have skyrocketed 80% Monday and continued rising to double on Tuesday. The massive increase has been due to a tweet made by portfolio manager Will Meade which caused an uproar in the online Reddit community.