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GameStop stock halts trading after Reddit drama

The Verge

Trading in stock of video game retailer GameStop (GME) was halted briefly Friday, as it soared more than 70 percent, due partly to the enthusiastic support of a group of Reddit day traders. The hype generated by r/wallstreetbets helped create what’s known as a “short squeeze” on GameStop’s stock.

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Cybersecurity firm says social media bots hyped GameStop during trading frenzy

The Verge

Shares in GME skyrocketed in January as Reddit users on r/wallstreetbets rallied around the stock in an attempt to squeeze hedge funds that had bet against the video game company. PiiQ told Reuters it detected “patterns of artificial behavior” in GameStop-related posts just before the January 28th chaos through February 18th.

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AI’s hype isn’t going to be simply star-studded 

TechCrunch

While Kutcher’s firm has been around for a long time and has lived through enough hype cycles to not be easily swayed one way or another, the filing made me curious. Especially since crypto, the hype train’s ol’ favorite sector, has sputtered and struggled in recent months? It’s complicated, and I may be entirely wrong.

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It Is What It Is: A fake app hyped on Twitter turned into a fundraiser for racial justice causes

The Verge

Soon an itiseyemoutheye Twitter handle appeared, then its website was featured on Product Hunt (even though there’s no actual product), prompting discussion on Reddit, and receiving some media coverage before the group revealed themselves in a post late Friday. “A On TikTok, the meme is usually used to express cringe or embarrassment.

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With AI chatbots, will Elon Musk and the ultra-rich replace the masses?

TechCrunch

Elon Musk is hyping the imminent release of his ChatGPT competitor Grok, yet another example of how his entire personality is just itself a biological LLM made by ingesting all of Reddit and 4chan. All rights reserved.

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Why are we still dating LinkedIn in 2021?

TechCrunch

We are beyond hyped about it. Reddit also picked up more money. Our take is that the capital must mean that Reddit is a better business than we anticipated. Reddit co-founder Alexis Ohanian backed a new community tool proving the monetary value of the community. And then it happens again.

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Enjoy these exclusive benefits in the TC+ Lounge at Disrupt

TechCrunch

Meet the Speaker: What Does Product-Market Fit Mean When Hype Tanks? with Pali Bhat (Chief Product Officer, Reddit) and Annie Pearl (Chief Product Officer, Calendly). Join this small group discussion with select speakers in the TechCrunch+ Lounge. Join this small group discussion with select speakers in the TechCrunch+ Lounge.

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