Tag: Wall Street

Reserving judgment on r/wallstreetbets users

Photo courtesy of Gage Skidmore, Wikimedia Commons The New York-based investment firm Melvin Capital had bet billions of dollars that the share prices of companies like GameStop and AMC Entertainment would fall because of COVID-19’s effect on the economy.  Traders on sites like Reddit crowdsourced information on Melvin Capital’s plans; they used trading […]