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.
Tech Sell-Off Takes QQQ to Correction Territory, Nvidia Sheds Over 5% for Week: Analyst Says 'Just a White Knuckle Moment in a Multi-year Bull Run'
What happened to the cryptos market that led to the sell-off?
Driven by factors such as global stock market turbulence and geopolitical risks, the cryptocurrency market is experiencing a wave of liquidation panic.
Shiba Inu Lead Developer Shytoshi Kusama Nods To Crypto Analysts' Sentiment On Selling Amid Market Crash: 'They Really Want Your Cheap Crypto'
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