Social media bots may have fuelled the GameStop stock frenzy

The GameStop stock frenzy appears to largely have been the product of Reddit users and trading apps like Robinhood, but some of its contributors might not have been human. According to Reuters, cybersecurity firm PiiQ Media has determined that people...

These Stonks collectible figurines celebrate the biggest Reddit vs Wall Street memes of the year!

Can you believe the Salt Bae phenomenon was literally 4 years ago?? The internet knows how to move fast, quickly flitting from one topic to the next, and this year we can all agree that the GameStop saga had everyone’s attention. It started with the Reddit group r/WallStreetBets banding together to take on hedge-funds that were targeting the share price of GameStop, a brick and mortar game retail store. While the hedge-funds had shorted the stock massively, an entire warrior-clan of Redditors decided to buy the company’s stocks, taking them so high that multiple hedge-funds went into severe losses.

Far be it for a design site to discuss market speculation, but here at Yanko Design, we’re more captivated by these adorable vinyl figurines that were born out of this modern financial revolution! Say hello to Stonks and his alter-ego Stinks, two collectibles from Youtooz that stand at 5-inches tall and perfectly embody the pop-culture element of this movement. Clad in the classic suit and tie, while standing in front of an arrow chart that either indicates growth or decline (or a bull or bear run if you’re fancy), Stonks and Stinks are memes brought to life, and I honestly have never wanted something so ridiculous this bad! Both figures are a part of a limited-edition and are priced at $30 each. Grab one before their value quadruples on eBay!

Designer: Youtooz

Engadget Podcast: How Reddit day traders blew up GameStop’s stock

If you were confused about how, exactly, a bunch of Reddit finance obsessives turned the beleaguered GameStop into a white hot stock, you’re not alone. This week, Cherlynn and Devindra chat with Mike Futter, author of the GameDev Business Handbook an...