At the peak of the frenzy, Robinhood restricted trading on shares of GameStop and a handful of other stocks, prompting a swift backlash from lawmakers and multiple class-action lawsuits from traders who said they had missed out on gains.
The rapid surge of interest from retail investors pushed the price of those stocks to record levels, and hedge funds like Melvin Capital faced massive losses as a result. The traders pitted themselves against major hedge funds who had bet that the price of stocks in struggling companies like GameStop, AMC Entertainment, and Blackberry would fall in a practice called short selling. Your entries might then be distinguishable by the author: Whereas some Evil Kermit memes focus on avoiding yoga (Parker), others focus on calling in sick to work (Sanchez). In January, individual traders from online communities like Reddit’s r/WallStreetBets forum and users of popular online brokerage apps like Robinhood were a driving force behind the meteoric rise of a handful of previously unpopular stocks. If you were citing various examples of this meme, you would substitute a description in the Title of container slot.
When I Am Sick During A Holiday When I Am Sick During School Time Funny Meme Pictureįuck This Shit Just Kidding I Need To Pass Funny School Meme Imageįuck This War I Am Going To School Funny School Meme Pictureįunny Middle School Love Meme Picture For Facebookįunny Primary School Vs High School And University Pictureįunny School Meme At School During A Fire Drill Pictureįunny School Meme Has Affair With Teacher Is Home Schooled Pictureįunny School Meme In A Dead Silent Classroom Of About 30 People Taking Tests Imageįunny School Meme Need Parent's Signature Good Thing I Learned Cursive Pictureįunny School Meme None Of This Will Be Used In Real Life Pictureįunny School Meme School Holiday A Here Aaand Its Gone Pictureįunny School Meme School Tomorrow.As shares continued to climb at the end of January, White House press secretary Jen Psaki said the Biden administration and Treasury Department were monitoring the situation.
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