WSB (WallStreetBets) is a Reddit community of investors and traders who follow the stock market. The WSB list includes stocks that receive a lot of media attention and have a strong sentiment from retail investors. The popularity of these stocks among retail investors combined with social media creates viral trends with a global reach and large price movements. WSB investors are attracted to "meme stocks" and popular "blue-chip" stocks due to their familiarity, volatility and momentum. Since meme stocks often experience rapid price movements, traders can potentially make quick profits as more investors rally around a stock, creating a sense of community among meme stock traders. Many people who invest in meme stocks are active participants in online forums and social media groups where they share information and insights about trading strategies, market trends, and individual stocks.
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① The President of Argentina, Milei, is embroiled in a fraud scandal regarding the meme coin Libra, facing internal investigations and impeachment; ② The Libra incident has caused fluctuations in the Argentine market, with the Argentine Merval Index dropping 5.6% on Monday, marking the largest decline since July. ③ Investigations have found that Libra and Melania Coin may be backed by the same entity, employing the same strategy of pumping and dumping for profit.
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In January, the sales of RBOB Gasoline Passenger Vehicles fell by more than 20% month-on-month: Japanese brands overall under pressure, with Honda and Dongfeng Honda both "cut in half."
① According to data released by the China Association of Automobile Manufacturers, the domestic sales of Passenger Vehicles in January were 1.738 million units, a month-on-month decrease of 35.5% and a year-on-year decrease of 0.5%; ② In January this year, GAC Honda's sales were 15,123 units, a year-on-year decline of 57.14%; Dongfeng Honda's monthly sales were 19,971 units, a year-on-year decline of 69.31%.
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TMTG Says "Balance Sheet, Having Risen From $2.6M In Cash And Short-Term Investments At The End Of 2023 To $776.8M At The End Of 2024, Strongly Positions TMTG For The Future Relative To Its Current Operating Costs"
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