Reddit s WallStreetBets Had A Dramatic Wednesday Evening
Instead, as the two company's stocks have soared, the Wall Street investors have reportedly hemorrhaged billions of dollars. If all this is confusing, don't feel bad. These fast and dramatic moves are happening amid one of the most dramatic weeks on Wall Street in years. At stake are millions of dollars that small-time investors working together on social media have made while taking on Wall Street investors who bet GameStop and AMC stock would plummet. 10:15 As the drama unfolded from the Discord ban and the Reddit community going on lockdown, GameStop shares fell 32% in after-hours trading late Wednesday, to $218.32 per share, down from $347.51 at their close.
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It added that the ban had nothing to do with any talk of finances or stock that happened among WallStreetBets users. All this wasn't the only bad news for the WallStreetBets community. "Today, we decided to remove the server and its owner from Discord for continuing to allow hateful and discriminatory content after repeated warnings," Discord said. Its worst community members, who repeatedly broke Discord's rules, caused the group to be banned from the platform, the chat app company said in a statement.
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