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dc.contributor.authorAnand, Abhinav
dc.contributor.authorPathak, Jalaj
dc.description.abstractBy 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.
dc.publisherIndian Institute of Management Bangalore
dc.relation.ispartofseriesIIMB Working Paper-644
dc.subjectShort Squeeze
dc.subjectGame stop
dc.subjectText Analysis
dc.subjectSocial news platform
dc.titleWallStreetBets against wall street: The Role of reddit in the GameStop short squeeze
dc.typeWorking Paper
Appears in Collections:2021
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