![]() ![]() ![]() Here are five of the biggest investment crazes started by WallStreetBets in 2021. And r/WallStreetBets now has 11.3 million subscribers posting and searching for investing tips, up from around 5 million at the start of the year. That shift started in 2019 when brokerage accounts lowered their fees to zero, and once the first “memestock” took off in early 2021 millions of people joined in the fun.Ĭharles Schwab in its latest earnings presentation reported new brokerage accounts grew by 110% year over year through the nine-month period ended 30 September 2021 as nearly 6 million people opened accounts. The platform was instrumental in turning investing into something that is accessible to the middle-class and not just investment firms and hedge funds. Reddit submitted a draft registration statement for an initial public offering last week but did not disclose the number of shares and price range for the proposed offer. And now Reddit itself could go public in a deal that is likely to be influenced by the traders communicating in its forums. Retail investors grew in prominence this year in part due to the conversations happening on Reddit communities and specifically r/WallStreetBets. The stock market was influenced by traders on Reddit - Credit: Shutterstock ![]()
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