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To: DMaA who wrote (259744)	1/27/2021 11:33:55 AM
From: Honey_Bee	Respond to of 459399

Sorry, DMaA, I don't know what that means. Mebbe someone else can help us figure this out.

To: DMaA who wrote (259744)	1/27/2021 11:41:18 AM
From: Honey_Bee	Read Replies (1) \| Respond to of 459399

I can't say this is accurate reporting on Yahoo Finance, but here's some skeery "info." What is Wall Street Bets, the upstart Reddit group that is pummeling Wall Street? Ethan Wolff-Mann ·Senior Writer Wed, January 27, 2021, 8:27 AM The chatter about video game retailer GameStop ( GME) and traders on Reddit has been bubbling over the past week and finally spilled over from the finance world to the mainstream. Here’s what’s happening: What or who is ‘WallStreetBets’? WallStreetBets is actually “ r/wallstreetbets” and it’s a forum or “subreddit” on the popular website Reddit, which is a social platform and discussion group that also rates web content. Essentially, it’s a group of people who enjoy talking about investing and often, speculative investing. Given that it’s on Reddit, it is accompanied by traditional Reddit-house style, which often includes profanity, irony, and a tremendous dose of memes. Wall Street Bets. (Yahoo Finance)Users are generally regular people who are trading and speculating, but they’ve occasionally found and exploited key weaknesses in Wall Street or in financial products. As of this week, it had around 2.9 million “degenerates” (what members call themselves) and 726,000 degenerates who are buying “FDs,” or financial derivatives, such as options. What’s an option?An option is a contract you can buy that lets you buy or sell a stock at a certain price. For example, you pay a small price for the right to buy a share of a stock like GameStop for an agreed price at some date in the future. For speculators who think a stock might rise, it’s a way to get a far greater profit than simply buying the stock. What are they doing to the market?Wall Street Bets isn’t an organized group with a leader, but the community sometimes comes to consensus when a convincing argument is put forth. When that happens around a stock that has a smaller market cap, wild things can happen. For example, their activity and influence can be enough for shares of bankrupt companies like Hertz ( HTZ) to spike, which actually led the company to try to issue new stock in 2020 even though it was bankrupt and “technically” worthless.