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Reddit Documents a Surge of New Users to Site and WallStreetBets

WallStreetBets Forum as Hedge Funds Lose Billions to Reddit Traders Running Amok
Photographer: Brent Lewin/Bloomberg

Millions of new users have flocked to Reddit Inc. forums amid feverish trading activity spurred by discussion on the subreddit WallStreetBets, the company said on Friday.

“The fact that so many users decided to do this in such a short period of time is the amazing part,” the company wrote in a blog post.