Short sellers face end of an era as rookies rule Wall Street
The latest assault on Wall Street short sellers has a long tradition, dating back to, well, at least Napoleon. 'Treasonous,' he called them for betting against government securities.
6 min read30 Jan 2021'Give them no respect': Elon Musk as Reddit users 'punish' Wall Street
Tesla chief Elon Musk seemingly urged individual investors to punish hedge funds for short selling, tweeting 'Get Shorty'
1 min read29 Jan 2021Bets worth billions at risk as amateurs challenge bearish positions of influential funds
Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only
4 min read28 Jan 2021Big investors take to Reddit, Twitter to know what amateur traders are doing
Big investors are canvassing Reddit threads like r/wallstreetbets and picks at retail brokerages, plugging data into programs and trying to gain an edgeLured by zero fees and probably boredom while stuck at home during the pandemic, retail investors have flocked to stocks
3 min read15 Sep 2020Reddit co-founder quits board, asks to be replaced by black candidate
Ohanian’s resignation also comes less than a week after former Reddit CEO, Ellen Pao, called out the current CEO, Steve Huffman, for not shutting down a subreddit promoting US President Donald Trump through the platform
2 min read6 Jun 2020Two years on, content startup Manch plans to shut operations
The startup was positioning itself on the lines of Reddit, which operates a similar portal and is valued at $3 bnManch hasn’t spent too much of the capital it raised so it will return a lot of it back to the investors
2 min read5 Feb 2020Will Reddit become next Facebook for millennials in India?
Reddit was ranked as the fifth most visited website in the US and 13th in the worldEarlier this year, Reddit's valuation rose to $3 billion, up from $1.8 billion in 2017
2 min read28 Jul 2019Reddit valued at $3 billion after raising $300 million in latest funding round
The series D funding round saw a $150 mn investment from Tencent and the firm's former investors, including Sequoia, Fidelity, Tacit and Snoop DoggReddit has over 20 investors, including Advance Publications, which owns Conde Nast, Reddit's one-time parent company
1 min read12 Feb 2019Reddit's fight against Donald Trump's troll army
As social media misuse puts democratic elections across the world in peril, what happened on Reddit in 2016 offers important lessons
10 min read16 Nov 2018So, what's your rating? How the trust economy is taking over our lives
Ratings are becoming crucial in how we transact. They can also be manipulated. So why do we increasingly trust them?
10 min read8 Oct 2018Wait for it…
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