Trading

‘I’m already up $45,000 in about an hour’ — Reddit traders boast about wins as meme-stock mania returns

Krispy Kreme, GoPro and others have joined Opendoor and Kohl’s in the latest meme-stock rally, but traders have needed to move quickly to lock in gains

Meme-stock mania is back, and some Redditors are racking up big gains.
Meme-stock mania is back, and some Redditors are racking up big gains. Photo: MarketWatch illustration/iStockphoto

WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like on the platform during the trend’s heyday in early 2021.

As meme-stock mania has returned, traders on the platform bragged about their gains and urged one another to hang tough, even as volatility rocked a few of the latest crop of buzzy names on Wednesday. Hundreds of posts were made on WallStreetBets this week.

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