financial markets
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Former Employer of Memestock King ‘RoaringKitty’ Gets Hit With $5 Million Fine
The former employer of “RoaringKitty,” the online trader who helped spark off a Reddit-fuelled short squeeze on hedge funds betting against Gamestop stock, has agreed to shell out a $US4 ($5) million fine.
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AMC Belongs to the People Now
We’re nearly halfway through the year and it looks like the meme stocks haven’t ended their run just yet: As of Wednesday, shares of movie theatre chain AMC Entertainment were up as much as 3,200 on the heels of a newly launched initiative to provide free popcorn to shareholders.
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WallStreetsBets Is Sending Gorilla Conservation to the Moon ????????????????????????
The WallStreetBets subreddit has helped drive $US383,000 ($491,389) in donations to a gorilla conservation organisation this week. The preceding sentence would have been barely intelligible even just last December, and yet here we are.
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Barclay’s Analysts Bet Tesla Stock Is Being Propped Up By r/WallStreetBets
Tesla might be the beneficiary of the GameStonks effect, at least according to analysts for the British bank and investment firm Barclay’s.