For the past week, Reddit's r/WallStreetBets community has been the center of an epic war between large Wall Street investors and small-scale social media betters. In case you beloved this short article along with you want to receive more details about สมัคร live casino house i implore you to pay a visit to our own page. Meanwhile, chat app Discord has banned WallStreetBets outright.  On Wednesday evening, the community reeled from seeing the subreddit locked and hidden, only to be made public again about an hour later. All this wasn't the only bad news for the WallStreetBets community.

"Today, we decided to remove the server and its owner from Discord for continuing to allow hateful and discriminatory content after repeated warnings," Discord said. Its worst community members, who repeatedly broke Discord's rules, caused the group to be banned from the platform, the chat app company said in a statement. It added that the ban had nothing to do with any talk of finances or stock that happened among WallStreetBets users.

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AMC, similarly, had gone as high as $16.50 per share before dropping to about $8 and then inching up to $9.50.  GameStop and AMC stocks at the center of a multibillion dollar drama between Wall Street investors and social media traders on Reddit have dropped dramatically Thursday. GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300. The New York Stock Exchange as well has stepped in amid the frenzy, temporarily halting AMC trading at least 10 times since the market opened at 9:30 a.m.

The moves came after popular stock trading apps such as Robinhood and TD Ameritrade announced they would restrict trades of stocks being heavily bet on, including GameStop and AMC. ET, and GameStop shares at least a dozen times. The moves mark the spectacle of what some investors call a war between Wall Street and social media traders. The Reddit community r/WallStreetBets has become a central hub of a financial push to hurt Wall Street investors who bet big against GameStop's future.

As the social media investors pushed shares of the company up, Wall Street has had to recalibrate its bets, pushing shares beyond their all-time highs.