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Title: WallStreetBets against wall street: The Role of reddit in the GameStop short squeeze
Authors: Anand, Abhinav 
Pathak, Jalaj 
Keywords: Short Squeeze;Game stop;WallStreetBets;Text Analysis;Social news platform
Issue Date: 2021
Publisher: Indian Institute of Management Bangalore
Series/Report no.: IIMB Working Paper-644
Abstract: By January 2021, the stock of GameStop (GME) was heavily shorted by institutional investors but an unprecedented retail campaign for pushing-up its stock price culminated in a short squeeze by the end of January 2021. Adapting recent innovations in text analysis in finance and on microblogging platforms, we present evidence that both the tone and the volume of discussions on the subreddit r/wallstreetbets had significant predictive associations with the GME return, volatility and put-call ratio.
Appears in Collections:2021

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