1/13/2024 0 Comments Bed bath beyond stock reddit![]() ![]() Screenshot of Yahoo! Finance grouping GameStop stock with AMC and Bed Bath & Beyond stocks. The "meme stock" term has been conflated with the ongoing turnaround efforts at GameStop in an effort to market risky securities to investing novices and undermine what began as a populist Internet movement. As a media outlet doing our very best to provide factual financial news information, the ensuing flood of so-called "meme stocks" has created an enormous amount of static when trying to vet potential story leads that are coming from someone on Reddit or Twitter. ![]() Subscribe to Morningstar Investor today.Shacknews has been covering GameStop stock news since long before the events of early 2021 when the shares shot up 400% in a single month. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.Ĭopyright (c) 2023 Dow Jones & Company, Inc.Įvaluate the market like an analyst. ![]() This content was created by MarketWatch, which is operated by Dow Jones & Co. completed its rebrand of Bed Bath & Beyond in early September. In June, a judge approved Inc.'s (OSTK) $21.5 million bid to buy Bed Bath & Beyond's assets. Activist investor Ryan Cohen, for example, was still mentioned in social-media chatter about Bed Bath & Beyond despite cashing out his entire stake in the company last year. Even with liquidation sales under way at hundreds of stores, the stock continued to attract attention while trading over the counter. Related: Why investors gamble on shares of bankrupt companies - Bed Bath & Beyond, for exampleīut the beleaguered company filed for Chapter 11 bankruptcy protection in April and was subsequently delisted from the Nasdaq exchange. In a last-gasp bid to stave off bankruptcy, Bed Bath & Beyond announced equity offerings in its final months this year, raising more than $400 million. Nonetheless, shares of the embattled retailer skyrocketed last year, driven by the Wall Street Bets crowd on Reddit. Related: It's the end of the road for shares of Bed Bath & Beyondīed Bath & Beyond's bankruptcy earlier this year came after a troubled few years marked by strategic missteps, cash burn, challenging underlying business trends and the impact of the COVID-19 pandemic. They're cancelled, worthless, and untradeable," tweeted "To all the bagholders who have been giving me and others grief for last 6 months for saying this was going to happen and inevitable. "So, ICYMI, $BBBYQ share have just been 'extinguished'. "Real investors have a theory and a plan they know when they are wrong and move on quickly," added, urging people to beware "social media eco chambers." "I am sorry that $BBBYQ holders lost everything with zero hope of getting anything back," tweeted "BUT this is a great time to look at how you invest and the people you listen to." "And goodbye to your $BBBYQ shares," tweeted "R.I.P $BBBYQ." Users on social media reacted to the announcement, emphasizing that it marked the end of the road for a stock that has attracted meme-like chatter even in its final throes. Bed Bath & Beyond also said that it is undergoing "an orderly wind-down and liquidation process." In a filing Friday, Bed Bath & Beyond (BBBYQ) said that its shares are canceled, and "have no value" as the company's bankruptcy plan takes effect. have been eliminated, marking the latest chapter in the demise of the onetime home-goods behemoth and meme-stock darling. The cancelation of Bed Bath & Beyond shares marks the end of the road for a stock that attracted meme-like chatter in its final throes
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