


Groups of traders in reddit's wallstreetbets community orchestrated targeted buying campaigns in some of the market's most heavily shorted stocks.


The fund says it is the “world’s largest and longest running” gorilla conservation organization. The Dian Fossey fund said in a tweet thread that gorillas are, in fact, “a great investment,” adding that funds will go toward tracking, monitoring and studying wild gorillas and their habitat. Many WallStreetBets members say they’re still holding onto the stock, in hopes that the gains will continue. But in recent weeks, the stock has begun climbing again and was trading around $200 on Monday, up more than 66% since the start of this month. GameStop stock fell quickly following its peak around $350 during the January trading frenzy. “I can’t wait for wealth to be given back to the little guy and have everyone benefit from it.” “Apes on Reddit will use (gains) to donate to good causes, pay medical bills, help the needy in their communities,” the user said. Some members of the group have in recent days also discussed donating some of their “tendies” (or earnings) from trading GameStop stock to workers in the gaming retailer’s stores. One WallStreetBets poster said on Monday that the surge in donations to help save gorillas pointed to the benefits of making stock trading more accessible to individuals. WallStreetBets investors sent GameStop’s stock soaring more than 1,500% at one point earlier this year, squeezing hedge funds that had shorted the stock and sparking a conversation about whether individual retail investors’ access to Wall Street is equal to that of large institutional investors. “Used unrealized GME gains to adopt a gorilla,” one WallStreetBets poster said on the site. Even as GameStop falls, Reddit’s microphone + young investors mean ‘social investing is not going away’
