Reddit’s r/WallStreetBets breaks all-time traffic record as hedge fund bleeds

GameStop’s stock isn’t the only thing being driven to the moon.

Reddit’s WallStreetBets broke all-time traffic records this week as tens of millions of visitors flocked to the subreddit. Driving the surge is an unlikely face-off between David-like retail investors vs. a hedge-fund Goliath — and David is very much winning. 

For the unfamiliar, the r/wallstreetbets subreddit describes itself as “Like 4chan found a Bloomberg Terminal.” In other words, it’s a bunch of internet shitposters interested in making money on the stock market. It can often be hard to decipher what is real and what is a joke on the board, making the whole subreddit an entertaining mess.  Read more…

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