Reddit taps Morgan Stanley, Goldman Sachs for IPOReddit had confidentially filed for an IPO in December and is aiming for a valuation of over $15 billion at the time of its flotation. It w...
08 Jan, 2022, 10.28 AM IST
Reddit says it has filed with SEC to go publicReddit Inc said in a statement that it has "confidentially submitted a draft registration statement on Form S-1 with the Securities and Exc...
16 Dec, 2021, 10.23 AM IST
Reddit seeks to hire advisers for US IPO: SourcesReddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes i...
03 Sep, 2021, 08.56 AM IST
Zombie stocks defy bankruptcy logic as meme traders bid them upRedditors have bid up shares of AMC Entertainment Holdings Inc. and GameStop Corp. so much that it’s saved them -- for now, at least -- fro...
12 Jun, 2021, 01.20 PM IST
As meme stock mania fizzles, Wall Street sees ‘big reckoning’An index that tracks 37 of the most popular meme stocks is essentially unchanged over the past two months after soaring nearly 150% in Janu...
04 Apr, 2021, 01.25 PM IST
GameStop soars 32%, leads meme stocks higher with Koss, AMC surging tooShares in video-game retailer GameStop were last up 32.1% at $159.02 with brisk trading volume, erasing much of the previous session's 33.8...
25 Mar, 2021, 10.28 PM IST
Reddit hires former Snap executive Drew Vollero as first CFOThe appointment of Vollero, who as the first finance chief of Snap guided its transition to a public company, comes amid rising expectation...
05 Mar, 2021, 08.25 PM IST
Bots hyped up GameStop on major social media platforms, analysis findsPiiQ Media's analysis of Twitter Inc, Facebook Inc, Instagram and YouTube posts, however, found that bots used the platforms to push GameSt...
26 Feb, 2021, 10.56 PM IST
GameStop reignites meme stock frenzy with a $7.6 billion surgeThe surge was spurred by a final-hour rally on Wednesday that brought GameStop its biggest advance since Jan. 29, the day Robinhood Markets...
25 Feb, 2021, 07.21 PM IST
Reddit value hits $6 billion after users fueled a stock frenzyReddit intends to spend the cash to develop its advertising business, expand internationally and add video tools, the company said in a sta...
09 Feb, 2021, 11.17 AM IST
GameStop’s giant bubble deflates further after $27 billion routGameStop, the poster child for Redditors looking to squeeze short sellers, plunged 60 per cent Tuesday, and has now erased more than $27 bi...
03 Feb, 2021, 03.02 PM IST
GameStop breaks below $100 as rout erases $28 billion in valueThe stock tumbled to $75 at 10:49 a.m. in New York, meaning it has now given up nearly 85% of the spectacular gains that were fueled by las...
03 Feb, 2021, 09.10 AM IST
GameStop share price breaks below $100 as rout erases $28 billionApart from GameStop, other Reddit meme stocks also tumbled — AMC Entertainment Holdings fell 53% and Express Inc. declined 43% — indicating...
02 Feb, 2021, 09.37 PM IST
GameStop sinks as shorts interest drops, retail looks elsewhereThe video-game retailer fell for the second time in three sessions as shares of silver miners and AMC Entertainment Holdings Inc. became th...
01 Feb, 2021, 09.29 PM IST
GameStop's 'Reddit rally' puts scrutiny on social media forumsCritics have emerged, accusing social media users of manipulating markets unlawfully by pumping shares of weak companies.
31 Jan, 2021, 11.09 AM IST
GameStop shows rising power of retail traders, says Reddit co-founderRobinhood Markets Inc. and other online brokerages curbed trading in GameStop and AMC Entertainment Holdings Inc. on Thursday after users i...
29 Jan, 2021, 08.53 AM IST
GameStop briefly tops $500 as stock resumes momentous surgeTrading has remained volatile since the last regular US session, in which the stock rose 135%. Gains were briefly pared postmarket after th...
28 Jan, 2021, 06.10 PM IST