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GameStop Saga: Reddit, Stocks, Chaos, and Now Wokeness

Remember the GameStop frenzy? The internet certainly does. Here’s a dive into the wild ride of Reddit, meme stocks, and the latest twist involving accusations of wokeness.

The Reddit Uprising

The subreddit r/WallStreetBets became an internet sensation by boosting GameStop’s stock. This community, described as 4chan meets Bloomberg Terminal, also targeted other stocks like AMC and Blackberry. They even faced a Discord ban for hate speech.

Want to understand the mechanics behind it all?

GameStop’s Shifting Strategy

GameStop recently announced the sale of its Canadian and French operations. This follows a trend of closures across Europe that started in 2023. However, GameStop’s CEO hinted the reason involved, Wokeness and DEI, diverging from the previous stock market rollercoaster.

The Return of Roaring Kitty

Keith Gill, the Redditor who initially sparked the 2021 frenzy, has returned, causing the stock to spike again. Reports suggest that officials are internally discussing whether the new posts constitute market manipulation.

Key Takeaways:

This saga continues to unfold, blending internet culture, financial markets, and now, social commentary. Stay tuned for more updates on this evolving story.

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