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The ongoing battle between Reddit day traders and corporate short-sellers over GameStop stock has heated up, with the Redditors vowing: “We want to see loss porn”.
After giving the financial world a very public black eye by causing GameStop stock prices to seemingly soar out of nowhere, day traders on Reddit have turned their attention to AMC Entertainment ...
Less than a week later on June 18, though, traffic on Reddit began to bounce back to near-normal levels. That day, Reddit traffic stood at 56.9 million, an increase of 7% compared to the previous day.
Reddit stamped out its user revolt, as Gizmodo reported, but in its Pyrrhic victory, may have irrevocably damaged its relationship with its users. Many subreddits just aren’t the same.
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