Posts filtered by tags: Reddit[x]


A tiny oil driller has surged 249% in just 6 days as a newly minted meme stock amid Reddit speculation of a short squeeze

Anton Petrus/Getty Images Anton Petrus/Getty Images Torchlight surged 249% in just six days of trading amid retail-trader interest. Retail traders touted opportunity for profit in the stock with the dividend or a short squeeze. The Texas oil driller extended the deadline to merge with Metamaterial in order to pay out a dividend. See more stories on Insider's business page. Shares of a tiny Texas oil driller have more than tripled in price in a week amid hype from retail investors arou...
Tags: Texas, Oil, Trends, Markets, Bloomberg, Reddit, Oil And Gas, Gamestop, Short Selling, Redditor, Plano Texas, Short Squeeze, Torchlight Energy Resources, Dartmouth Canada, Retail Trading, Natasha Dailey

ContextLogic jumps 22% as Redditors highlight it as a meme-stock play for the week

Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images ContextLogic, the e-commerce company that runs the Wish platform, rallied 22% Monday. The company was the top-hyped stock on Reddit investing threads like Wall Street Bets. "Wish is the play this week," said one Redditor. See more stories on Insider's business page. Shares of ContextLogic jumped as much as 22% Monday, as retail traders on Reddit investing threads touted the...
Tags: Trends, Markets, Tesla, E-commerce, Reddit, Blackberry, Gamestop, Marketwatch, San Francisco California, Redditor, Short Squeeze, AMC Entertainment, Clean Energy Fuels, Torchlight, ContextLogic, Mateusz Slodkowski

Struggling companies are following AMC's lead and trying to raise money through stock offerings as day-traders reinvent the market

Express Inc. executives Fran Horowitz-Bonadies, Colin Campbell, David Kornberg, Arlene Weiss, Michael Weiss, President & CEO Express, Inc., Stefan Kaluzny, Chairman of the Board, Express Inc., Elliot Tobias, Jeanne St. Pierre, Doug Tilson, Jack Rafferty, Matt Moellering and Lisa Gavales ring the opening bell at the New York Stock Exchange on May 14, 2010 in New York City. Photo by Slaven Vlasic/Getty Images Photo by Slaven Vlasic/Getty Images Express, Peabody, and Transocean are seeking he...
Tags: Amc, Trends, Debt, Markets, Reddit, New York Stock Exchange, Wall Street Journal, Securities And Exchange Commission, St Louis Missouri, COLUMBUS Ohio, Transocean, Peabody, New York City Photo, Express, Scott Hartman, Adam Aron

Retail investors are on track to plow $400 billion into stocks in 2021 with the day-trading boom still in its early innings, Goldman Sachs says

Photo illustration by Jakub Porzycki/NurPhoto via Getty Images Retail traders are set to pour a net $400 billion into the equity market this year, Goldman Sachs said. That's a hike from the analysts' previous estimate of $350 billion. Goldman's basket of retail favorites has outperformed the S&P 500 by 3 percentage points. See more stories on Insider's business page. Retail traders responsible for driving record rallies in meme stocks like GameStop and AMC Entertainment...
Tags: Trends, Markets, Reddit, Blackberry, Goldman Sachs, Goldman, Equities, Gamestop, David Kostin, AMC Entertainment, Millennial Investing, Jakub Porzycki NurPhoto, Retail Trading, Gen z investing, Getty Images Retail, Natasha Dailey

Crypto billionaire Sam Bankman-Fried discusses why dogecoin should be named asset of the year - and how its rise reflects the meme-stock trend

Sam Bankman-Fried, founder and CEO of crypto exchange FTX. FTX Official/YouTube The retail momentum behind dogecoin makes it the asset of the year, Sam Bankman-Fried said. Endorsement by Elon Musk and the like are crucial to its growth, the crypto billionaire said. He likened GameStop's sudden spike to the dogecoin trading pattern, powered by day-traders. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Sam Bankman-Fried, the 29-year-old billionaire founder of ...
Tags: Elon Musk, China, Trends, Reddit, Robinhood, Gamestop, Elon, Cardano, FTX, Dogecoin, Jax Jones, Charles Hoskinson, Sam Bankman, Shalini Nagarajan, Sam Bankman Fried, Bankman Fried

Kobo/Calibre Not Syncing Everything?

Hi all! I have a Kobo Libra and have been using Calibre since December. I've always been able to sync all of my books with no problem, but for whatever reason, a bunch of my books won't synch across recently - including ones that were previously loaded into my Kobo. I am missing 105 books. I'll hit "send to device", it'll say it's syncing, then on the device in Calibre, but when I safely unplug, a ton of books aren't there. Once I plug back in, they're then also not there again. When I ejec...
Tags: Books, Reddit, Calibre

‘I put my life savings in crypto’: how a generation of amateurs got hooked on high-risk trading

Online trading apps are drawing in novice investors willing to risk everything on volatile stocks. Do they really know what they’re doing?Noor is whispering so her boyfriend won’t hear her. The 30-something designer from London is down about £14,000 as a result of her decision to get into investing, in addition to another £8,000 profit she made on bitcoin last year, but then lost. Nobody knows the full extent of Noor’s losses – hence the whispering. “I feel so stupid,” she says. “I can’t talk ab...
Tags: London, Money, Internet, Youtube, Investments, US, Social Media, Investing, Life and style, E-commerce, Bitcoin, Reddit, Cryptocurrencies, Trump, Noor

Some Chick-fil-A locations have little-known conveyor belts for food inside the kitchens - here's how they work

Mike Stewart/Associated Press A popular TikTok video shows a behind-the-scene conveyer belt inside one Chick-fil-A location. The chain says they are in a few locations to make drive-thrus safer and more efficient. Burger King is implementing conveyor belts, and other chains might soon follow. See more stories on Insider's business page. Chick-fil-A just revealed that some restaurants have conveyor belts to transport food meant for the drive-thru after a viral TikTok showed the system,...
Tags: Facebook, Texas, Trends, Reddit, Doordash, Houston Chronicle, Hoffman, Chick, SAN ANGELO TEXAS, Ken Hoffman, Alex Guerrero, Mary Meisenzahl, Grubhub A Southern California, Mike Stewart Associated Press

I own 75 DVDs and Blu-Rays on top of 5 streaming subscriptions. Here's why I'm convinced physical movies will always have an edge.

Which remote I reach for in the evening depends on if I want a specific movie title or to browse a streaming site. Katie Canales/Insider Streaming sites can add and then drop movies because of deals they have with movie distributors. Owning your favorite movies, on the other hand, solves that problem. I own 75. That's why I'm convinced that physical discs still has an edge on streaming. See more stories on Insider's business page. I have three remote controls on my coffee tabl...
Tags: Google, Amazon, Tim Burton, Disney, Trends, Netflix, Reddit, Lg, Belle, Ben, Blu Ray, Netflix Hulu Amazon, Best Buy Amazon, Blu Rays, Katie Canales

Weedmaps CEO isn't afraid of Amazon

Welcome to Insider Cannabis. AP Photo/Matilde Campodonico Welcome to Insider Cannabis, our weekly newsletter where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom.Sign up here to get it in your inbox every week.We're off tomorrow for the Juneteenth holiday, so you're getting your weekly dose of cannabis industry news on Thursday afternoon.There's a rumor floating around the heavily engaged cannabi...
Tags: Amazon, New York, Colorado, Washington, Jay Z, Senate, Berlin, Israel, US, Toronto, Trends, Cannabis, Missouri, House, Connecticut, New Jersey

Five Nights at Freddy's creator Scott Cawthon is retiring after facing a backlash for donating to Trump and other Republicans

"Five Nights at Freddy's"/Scott Cawthon Five Nights at Freddy's Scott Cawthon is retiring amid uproar over his donations to GOP lawmakers. Last week, fans called out his donations to former president Donald Trump and other Republicans. At the time, Cawthon said he's a Republican, adding "If I get cancelled, then I get cancelled." See more stories on Insider's business page. Five Nights at Freddy's creator Scott Cawthon is retiring after facing backlash for donating to...
Tags: Politics, News, Maryland, Video Games, Entertainment, Senate, America, Trends, Gop, Reddit, Mitch McConnell, Republican, Donald Trump, Trump, Freddy, Tulsi Gabbard

Streaming may be everywhere, but DVDs are far from dead. Here's why collectors stock up on thousands of physical discs even as film goes digital.

Ben, who goes by the name Cinema Adherent on Reddit, has 5,000 titles lined on shelves in his home. Reddit user Cinema Adherent The streaming market is booming, but movie lovers are still buying DVDs and Blu-Rays. Collectors told Insider that physical discs offer higher movie quality than streaming services do. Even Netflix, which started in the DVD business, still makes money renting discs to customers. See more stories on Insider's business page. Streaming companies appear to be domi...
Tags: Hbo, New York, Disney, US, Trends, Netflix, Reddit, Louisiana, Cnbc, Ben, Vinny, Adam, Blu Ray, Alberta Canada, Hebert, Blu Rays

GameStop is headed for inclusion in a large-cap stock index after its dizzying surge to record heights - but AMC will miss out with its spike coming after the deadline

John Minchillo/AP John Minchillo/AP GameStop could be listed alongside Amazon and Microsoft if included on the Russell 1000 Index. AMC missed the May 7 cutoff to reach a capitalization higher than $7.3 billion. The stocks have ballooned to the largest on the Russell 2000 Index thanks to retail traders. See more stories on Insider's business page. GameStop could be one of the newest stocks on a list of the 1,000 largest companies thanks to the army of retail traders that have pushed t...
Tags: Apple, Amazon, Microsoft, Nokia, Amc, US, Trends, Markets, Bloomberg, Reddit, Goldman Sachs, Gamestop, Russell, Apple Microsoft, John Minchillo, AMC Entertainment

Watch: Skating on a prosthetic leg skateboard

from HumansAreMetal User u/That_guy_with_1_leg on Reddit was asked what it's like to skate with a prosthetic leg. To explain, he made a video with his blind friend, showing both of them skating… with a prosthetic leg as the skateboard. — Read the rest
Tags: Post, Video, Reddit, Skateboarding, Prosthetics, Cool Humans, Prosthetic Leg, X Games Mode

Palantir's CEO says his company's stock is a retail favorite because they respect the intelligence of the day-trading community

Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc., attends the Allen & Company Sun Valley Conference on July 7, 2015 in Sun Valley, Idaho. Scott Olson/Getty Images Scott Olson/Getty Images Palantir's CEO said the company is a retail-trader favorite because it makes bold, clear statements. The data-mining company has "many of the best individual investors," CEO Alex Karp said. Palantir has become a Reddit favorite since going public via direct listing ...
Tags: Trends, Markets, Reddit, Palantir, Alex Karp, Customs Enforcement, Barron, Sun Valley Idaho, Adam Aron, Karp, AMC Entertainment, IBM Amazon, Stephen Cohen, Palantir Technologies Inc, Global Head of Business Development, Allen Company Sun Valley Conference

The rise of meme stocks is leading to the creation of 'false markets,' CEO of the world's largest publicly listed hedge fund says

Man Group CEO Luke Ellis. Heidi Gutman/Getty Images The rise of so-called meme stocks is creating "false markets" and shares of companies loved by the Reddit crowd should be avoided, Luke Ellis, Man Group CEO, said. We "avoid trading the names that they're super excited about because they're mostly creating false markets," he told CNBC. In March, Man Group built a system to track popular discussions on Reddit. Sign up here for our daily newsletter, 10 Things Before the Opening Bell...
Tags: Amc, Trends, Reddit, Cnbc, Gamestop, Ellis, AMC Entertainment, Man Group, Luke Ellis, Isabelle Lee, Luke Ellis Heidi Gutman Getty, CNBC In March Man Group, CNBC Meme, AMC In March Man Group

Watch: A hornet tending to larvae in someone's attic

from NatureIsFuckingLit User u/PotatoesAndChill has what most people would consider some unwelcome guests in their attic: a hornet's nest. Watch, and be amazed (and potentially nauseated) as the nest's caretaker checks on its squirming, pulsating larvae. — Read the rest
Tags: Post, Video, News, Bugs, Reddit, Invertebrates, Hornets, Hornets' Nests, Larvae, NOT murder hornets, The Joys Of Motherhood, PotatoesAndChill

Meme-stock momentum has withered after retail traders drove a 3-week rally in AMC, BlackBerry, and other Reddit favorites

Igor Golovniov/SOPA Images/LightRocket via Getty Images Igor Golovniov/SOPA Images/LightRocket via Getty Images Meme stocks are losing steam after a three-week rally that mirrored the frenzy of activity seen earlier this year. Some of the most popular stocks have dropped 17% in the past week, Vanda Research said. "Retail investors will rush to the exit unless there's an immediate rally," the analysts said. See more stories on Insider's business page. Meme-stock momentum is fadin...
Tags: Nokia, Amc, Trends, Markets, Reddit, Federal Reserve, Gamestop, Meme, Vanda, Clean Energy Fuels, Matt Maley, Igor Golovniov, Miller Tabak Co, Retail Trading, AMC stock, BlackBerry stock

AMC short sellers just lost $512 million in a single day as the stock spiked once again

A person rides his bicycle past the closed AMC movie theaters in Times Square on October 22, 2020. Gary Hershorn/Getty Images Short-sellers betting against retail favorite AMC lost $512 million on Monday, according to Reuters citing data from Ortex. The loss is massive, but it doesn't come close to the $2.8 billion that short-sellers suffered at one point during an earlier rally for the theater operator. Data from MarketBeat shows that 22.72% of AMC shares are sold short. Sign up here ...
Tags: Amc, Trends, Reddit, Times Square, Reuters, Wendy, MarketBeat, Petco, AMC Entertainment, Clean Energy Fuels, Isabelle Lee, Ortex AMC, Quantitative Quiver Other, Invesco Mortgage Capital Data

Billionaire investor Paul Tudor Jones praises bitcoin, warns of rising inflation, and flags the 'Buffett indicator' in a new interview. Here are the 10 best quotes.

Paul Tudor Jones. Kevin Mazur/Getty Images/Robin Hood Paul Tudor Jones praised bitcoin and warned about rising inflation. The billionaire investor sounded the alarm on the "Buffett indicator" hitting record highs. Jones suggested retail investors could flock to commodities and send their prices skyward. See more stories on Insider's business page. Billionaire investor Paul Tudor Jones trumpeted bitcoin, expressed concern about the "Buffett indicator" hitting record highs, and called on...
Tags: America, Trends, Reddit, Warren Buffett, Federal Reserve, Cnbc, Jones, Buffett, Paul Tudor Jones, Fed, Capitol, SPAC, Tudor Investment Corporation, Theron Mohamed, Robin Hood Paul Tudor Jones, Paul Tudor Jones Kevin Mazur Getty

Google Chrome is testing two new features for tab addicts

I have a confession to make: I’m a tab addict. My browser is so stuffed with the bastards that they’re practically microscopic. It puts my poor laptop under so much strain, sometimes I hear it scream. The folks at Google must have heard the cries, because they’re working on new ways to help manage the addition. Reddit user Leopeva64-2 spotted an option in the Canary build version of Chrome that allows users who’ve closed a tab group to easily restore the pages both individually and en masse. The...
Tags: Google Chrome, Google, Startups, Apps, Reddit, Insider

Meme mania pushed Gen Z into the stock market - and now they're learning investing fundamentals from TikTok and Instagram

Getty Images Getty Images 41% of Gen-Z investors use social media to educate themselves on investing, Fidelity said. People in Gen Z who are interested in investing often turn to TikTok and Instagram first before going to family and friends. Many Gen Z individuals were prompted by recent meme-stock mania to start learning about investing. See more stories on Insider's business page. Gen Z was "awakened" to investing amid the meme-stock mania this year, and now they're turning to ...
Tags: Facebook, Instagram, Trends, Social Media, Markets, Reddit, Fidelity, Gamestop, Gen Z, Gen Zs, Lannan, Getty Images Getty Images, Tiktok, Millennial Investing, Gen z investing, Natasha Dailey

Doom running on an Ikea lamp controller

UPDATE: The creator removed the video and article from the internet: "Sorry I had a request to remove this post and all public material :(" [Reddit] The controller inside Ikea's $35 Trådfri lighting controller is good enough to run a hacked-to-fit Doom. — Read the rest
Tags: Gadgets, Post, News, Hacks, Ikea, Reddit, Doom

Meme Investing

I remember when a friend of mine told me five or six years ago that he had bought some Dogecoin. I thought “what is he doing?” and dismissed it as something silly and or crazy. Dogecoin was initially introduced in late 2013 and 7 1/2 years later it has amassed a market cap of $43bn and is one of the most popular crypto assets in the world. It may be silly and crazy, but it has also been a good investment for my friend and anyone who bought it in the early years. For those that don’t know,...
Tags: Amc, Trends, Reddit, Crypto, Stocks, Dogecoin, Hannah Murdoch Jun, Gamestop AMC Theaters Wendy

GameStop withheld $36 million in stock from its outgoing CEO to cover taxes, filings show

A Seattle customer with the New Super Mario Bros. 2 game in a GameStop store in 2012. Stephen Brashear/Invision for Nintendo/AP Images GameStop withheld $36 million in shares from outgoing CEO George Sherman to cover taxes, an SEC filing shows. Sherman will be replaced by Amazon alum Matt Furlong. This story has been corrected from its original version. See more stories on Insider's business page. Editor's note: A previous version of this story incorrectly stated that Sherman rea...
Tags: Amazon, Amc, Trends, Markets, Reddit, SEC, Blackberry, Seattle, Sherman, Gamestop, Securities And Exchange Commission, AMC Entertainment, Clean Energy Fuels, New Super Mario Bros, George Sherman, Ryan Cohen

Some M1 iMac Models Shipping With Crooked Mountings

Some M1 iMacs appear to have a manufacturing defect that causes the display to be mounted on the stand in a way that's not perfectly aligned, leading to a crooked display. YouTuber iPhonedo over the weekend published a review of the ‌M1‌ iMac, and he found that his machine appeared to be tilted on one side, a mounting disparity that was visibly noticeable and proved with a ruler. Another person on the Apple Support Communities also complained of a non-level display with a 1mm disparity betwe...
Tags: Apple, Featured, Reddit, iMac, Dan

New meme stock Corsair Gaming jumps 33% amid surging interest from Reddit traders

Omar Marques/SOPA Images/LightRocket via Getty Images Corsair Gaming has soared to the top of Wall Street Bets' most mentioned stocks. Shares of the computer hardware company rose 33% on Monday to their highest since February. Data from MarketBeat show that 21.8% of Corsair's shares are sold short. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A new meme stock is making the rounds on Wall Street Bets, surpassing mainstays such as GameStop and AMC Entert...
Tags: Amc, Trends, Reddit, Clean Energy, Corsair, Corsair Gaming, Gamestop, MarketBeat, AMC Entertainment, Omar Marques, Isabelle Lee, Getty Images Corsair Gaming, Quantitative Quiver Clean Energy Fuels, BlackBerry Clean Energy AMC, GameStop Data

This cannabis stock is a new Reddit favorite

Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd.
Tags: Cnn, Reddit, Tilray, Aphria

This cannabis company is a new Reddit favorite

Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd.
Tags: News, Reddit, Stories, Tilray, Aphria

GameStop's outgoing CEO just made $36 million cashing in 121,000 shares after the stock's dizzying rally

A Seattle customer with the New Super Mario Bros. 2 game in a GameStop store in 2012. Stephen Brashear/Invision for Nintendo/AP Images GameStop outgoing CEO George Sherman cashed in $36.7 million of company shares, an SEC filing shows. He sold the shares at the stock's four-month high closing price of $302.56. Sherman will be replaced by Amazon alum Matt Furlong. See more stories on Insider's business page. GameStop's outgoing Chief Executive Officer George Sherman took home ...
Tags: Amazon, Amc, Trends, Markets, Reddit, SEC, Blackberry, Seattle, Sherman, Gamestop, Securities And Exchange Commission, AMC Entertainment, Clean Energy Fuels, New Super Mario Bros, George Sherman, Ryan Cohen

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