![]() The entire hedge fund industry is feeling the reverberations of the changing financial landscape. However, the forum still exercises great influence in retail investor circles that is not going to be easy to diminish. Adding fuel to this drop in popularity of WallStreetBets forum is that it has gone private, with moderators now in charge of approving access to new users after the forum came under heavy fire from institutional investors for promoting meme stocks. The former is a social media platform for stock traders and the latter is a trading application that is poised to go public at a $40 billion valuation soon. In recent weeks, there has also been increased interest around other internet platforms where retail investors gather to exchange ideas, like StockTwits and Robinhood. (NYSE: AMC) saga in January that led to billions of dollars in losses to big finance and even led to the closure of some hedge funds. (NYSE: GME) and AMC Entertainment Holdings, Inc. As retail investors initiate short squeezes, there is a danger of repeating the mistakes made during the GameStop Corp. One reason why institutional investors are monitoring these forums is the meme stocks - firms with little to offer in terms of earnings or growth but rally on the back of retail investor interest - that are often the subject of short-selling attempts. In June, Financial Times reported that hedge funds were keeping track of stock mentions on Reddit after record losses in the GameStop Corp. Interestingly, the theory that stocks increase in value along with the number of mentions on this forum has been steadily gaining traction. Some of the stocks presently popular on WallStreetBets include Alibaba Group Holding Limited (NYSE: BABA), Virgin Galactic Holdings, Inc. The forum has more than 10.6 million members and is one of the hottest online places in finance. ![]() The most popular platform where these retail investors exchange ideas is the Reddit forum WallStreetBets. However, as their influence increases, so does the list of stocks that gain from this influence. Retail investors have been exercising ever greater influence on the overall market dynamics the past few months, as the record stock rallies of GameStop Corp. If you want to skip our detailed analysis of these stocks, go directly to Beyond GameStop: Reddit's WallStreetBets is Now Targeting These 5 Stocks. In this article, we discuss the 10 stocks Reddit's WallStreetBets is now targeting.
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