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Vlad Tenev, founder of retail stock trading app Robinhood, told a House Committee on Thursday that "the financial system should be open to everyone," including frenzied buyers of GameStop and AMC Entertainment whipped up by a Reddit chatroom. He apologized profusely that a funding rule had forced the app to…

A five-second guerilla marketing ad by the Reddit subreddit r/wallstreetbets got a message across in a blink-and-you’ll-miss-it moment just after halftime. The community was using a GoFundMe to raise money for an ad, but couldn’t reach the lofty mark in the short-time before the game. So instead, it opted to blast out…

AMC Entertainment and GameStop shares dipped Thursday amid high-level meetings to discuss recent trading convulsions and as Reddit users argued furiously on the now-infamous WallStreetBets chatroom about whether to fold or fight. GameStop shares are down 34%, extending Wednesday's losses. AMC Entertainment has slipped…

Shares of AMC Entertainment are down nearly 40% today on another wild ride, reversing gains after an explosion of support by retail traders that started last week catapulted stock of the pandemic-pummeled chain to levels not seen since 2017. Around midday, shares of the nation’s largest cinema operator are changing…

Shares of the happiest of exhibitors AMC Entertainment continued an upward trajectory Monday fueled by retail traders on Reddit chat rooms, even as a leading Wall Street analyst downgraded the stock to 'sell' and valued it at $1. "In our view, the recent volatility and spike in the company’s stock, thanks to the…

Reddit-pumped stocks from AMC Entertainment to GameStop fell Thursday as the rest of the market soared – a reversal of the day before when retail traders in crowded chat rooms joined forces to push selected names skyward and sent the market into conniptions. The nation's largest exhibitor, AMC is down 50% after…

Reddit has acquired Dubsmash, a short-form social video app that competes with TikTok, describing it as “a welcoming platform for creators and users who are under-represented in social media.” Terms were not disclosed. Dubsmash has raised $20.2 million from Lowercase Capital, Index Ventures, Eniac Ventures, Heartcore…

Twitch, the live-streaming site owned by Amazon, and Reddit have both taken steps to limit content related to President Donald Trump. Along with recent moves by Facebook and Twitter, the sanctions have amped up recent tensions over the digital spread of Trump messages during the runup to the 2020 presidential…

Alexis Ohanian, co-founder of Reddit and husband of Serena Williams, has resigned from the company’s board and is recommending his spot be taken by a black candidate. In addition, Ohanian wrote in a blog post that he would use future gains on his Reddit shares “to serve the black community, chiefly to curb racial…

If any good is to come of the coronavirus outbreak, and just now it is hard to see even a glimmer of good, we might consider this: The media will have a shot at redemption. Japan is closing its schools. Saudi Arabia has put Umrah on hold. Cruise ships are dead in the water. And yes, the international movie box-office…

A rant from a disgruntled mother that insists childless couples should be banned from Disney World – and presumably Disneyland – has been reignited on Twitter, sparking more than 15,000 shares. The original post on Facebook came in 2018, then picked up by Reddit. But it was recently tweeted and revived, as it pits…

Reddit, the social network that bills itself as “the front page of the Internet,” continued a recent growth spurt by raising $300 million in new funding from investors including China’s Tencent. The Series D fundraising round values the company at $3 billion, a Reddit spokesperson confirmed to Deadline. Executives…