Amateur investors from the American portal Reddit switched to monkeys and donated $ 300,000 to the gorilla rescue fund named after the American primatologist and popularizer of wildlife conservation Diane Fossey. The motto Wall Street Bets – apes together strong (monkeys together are stronger) has been published on the website of the fund.
Unprofessional traders from the WallStreetBets community themselves jokingly compare themselves to monkeys who randomly press the buttons and buy up securities. The money will go to programs to track and study wild gorillas and their habitats.
In January, Wall Street Bets began to massively buy up shares in the network of gaming stores GameStop and other undervalued companies in their opinion, in order to teach a lesson to investors who were shorting the company’s shares. In particular, they managed to accelerate the shares of Gamestop by more than 880 percent. In mid-February, traders became interested in companies that produce and sell cannabis. As a result, shares of one of the largest market players, Tilray, rose 51 percent on February 10.
In March, traders broke up the fortune of an American entrepreneur, founder of the mortgage company Rocket Cos. Dan Gilbert’s $ 25bn purchase of shares in Rocket. As a result, the entrepreneur rose from 19th to 16th place in the ranking of the richest people in the world according to Bloomberg.