Reddit’s most engaged communities
Social and news aggregator platform Reddit grabbed national headlines in early 2021 for its role in the volatile “memes” movement popular among its “subreddit” user communities like WallStreetBets. As some of the movement’s momentum slowed down in February, Reddit is back in the news a few months later as the memes business returns, and WallStreetBets isn’t alone in the news. move the markets. Here are some of the most popular investor communities on Reddit, including a few you might not have heard of.
The largest of Reddit’s investor communities, WallStreetBets (WSB) has 10.5 million members, with hundreds of thousands of self-proclaimed “degenerates” (the community’s name for its members) online at all times. This forum formed the genesis of the memes stock community that dominated media coverage in January 2021.
The main features of WSB’s culture are its vulgarities and memes. Over the years, the community has even established a distinctive jargon that sets it apart, incorporating terms like “stonks” and “tendies” into the popular lexicon. Its lively atmosphere is associated with a free approach to investing, living up to the “bets” of its name. As a popular article put it, “The name of the subtitle is WallStreetBets. Not WallStreet-Long-Term-Hold.
The second-largest investment subreddit community, the 2.8 million members of r / stocks offer a more sober outlook on the markets than WSB. Memes are nowhere to be found. There are no posts showing gains or losses. Rather, users tend to provide business analysis, ask questions about dividends, or discuss the impact of broader economic conditions. The community on r / stocks offers a very different environment than the much more popular WSB, attracting a different kind of investor to Reddit.
Similar to r / stocks, r / investing attracts a more serious audience than most of the investment forums associated with Reddit. Instead of memes, r / investing is a place where its 1.9 million members can discuss news and events relevant to investors.
While r / investing is very similar to r / stocks, the former has a broader scope, with users discussing topics that are important to the economy as a whole. Analysis of a specific company’s financial data is rare, with a broader focus and more emphasis on economic fundamentals.
On r / pennystocks, “astronauts” (members) seek earnings by investing in lesser-known companies in the hope that they will make it “to the moon”. Amazon (AMZN) and Apple (AAPL) are largely absent on r / pennystocks, but American Battery Metals Corp (ABML) has been tipped for greatness. The stocks may be small, but the community is not, with 1.6 million plus members. Like other investor communities, the discussion threads focus on stock analysis and company news, but r / pennystocks focuses more on over-the-counter securities, like ABML.
A haven of peace for users of the famous online brokerage firm, r / robinhood claims 820,000 investors to its name. The most common topics on the forum are troubleshooting issues, and the community stands out for its usefulness in helping members navigate the platform. Memes and jokes about Robinhood and investing in general also characterize the site, but the forum’s focus on helping others makes r / robinhood an essential tool for anyone who uses the app.
The largest internet community for those investing in video game retailers and GameStop Memes (GME) stock posters. Although it has fewer members than other popular forums – at 310,000, it’s less than half the size of r / robinhood – r / GME is very active, with over 20,000 users “holding on. the line ”at any time. Unsurprisingly, the community embraces WSB slang, but is focused on a single company. Its atmosphere is one of unbridled positivity. Members believe a massive and short contraction is looming on the horizon and, when the stock drops, report that GME is trading at a haircut.
Like r / GME, r / amcstock is a subreddit devoted entirely to one stock. In this case, it’s AMC, the struggling theater channel, which is the internet’s favorite. The two communities have a lot in common, with all the memes and slang the internet can muster, and share the same target audience. After all, AMC was one of the companies defended in the retail frenzy earlier in 2021. With 324,000 members and an incredible 60,000 sometimes surfing its page, r / amcstock is the place to be. Internet investors with an eye on AMC.