Tag: Reddit

  • How to Make Money on Reddit in 2025: 12 Proven Ways to Earn & Get Paid

    Making money on Reddit without spending a dime is possible with the right strategy. The key to making money is to build a user base, create high-quality content, and take advantage of Reddit’s features like ‘Karma’ points and advertising.

    Additionally, you can join relevant subreddits that allow members to post links for referral fees or provide other avenues of monetization opportunities. Finally, participate in Reddit’s Ask Me Anything sessions, where you can provide knowledge and earn money from the tips you receive in return. With dedication and creativity, it is possible to make money on Reddit without spending any money.

    How to Earn Money from Reddit

    Tips to Make Money on Reddit Successfully
    How to Not Get Banned or Downvoted on Subreddits
    Key to Success

    How to Earn Money From Reddit

    Since it launched in 2005, Reddit has continually grown while many similar platforms have gone by the wayside. Featuring more than 100,000 communities, which are called subreddits, Reddit touches just about every topic imaginable. It is a social media website that provides its users with a network of communities where they can easily post news, stories, images, videos, and links.

    Now, let us get into the details of how everything can be done.

    Find a Niche Subreddit

    With over 1.2 billion monthly visitors to their website, Reddit is an incredible resource for anyone looking to make money without spending a dime. To make the most of this opportunity, it’s important to find a niche subreddit where you can bring your expertise and energy and develop relationships with other members. There are thousands of subreddits on every imaginable topic, and many of them have active communities with people who are willing to pay for quality content. By becoming an active member of one or more of these communities, you can start to build up a reputation as someone who produces quality content. If you want to make money on Reddit without spending any money, you’ll need to find a subreddit that doesn’t have much competition. There are thousands of subreddits, so you should be able to find one that suits your interests and has a small number of users.

    Monthly Active Users of Reddit
    Monthly Active Users of Reddit

    Create Helpful or Entertaining Content

    Making money on Reddit without investing anything can seem like a challenge, but it’s not impossible. All you need to do is create content that is both helpful and entertaining to your target audience. Once you’ve established yourself as a member of a particular community, you can start to make money by creating helpful or entertaining content. If you can provide value to the members of a community, they will be more likely to upvote your content, which will help it reach a wider audience. This will not only help you make money but also build a base of loyal followers who are likely to buy from you in the future when presented with an opportunity.

    Creating useful content can take many forms; making sure any information shared is accurate and up-to-date is critical, as Reddit users tend to be picky about the accuracy of what’s posted on the platform. Similarly, staying on top of trends in the niche or industry will ensure your content remains relevant and applicable.

    Whether the content takes a humorous or serious route depends on your preference; either way, it needs to stand out from the rest to garner plenty of attention and draw larger numbers of people who might be interested in purchasing products or services from you down the road.


    Steve Huffman: Net worth | Personal Life | Reddit
    Steve Huffman is the co-founder of Reddit along with Alexis Ohanian. Learn more about his Net worth, wife, education, age, personal life, and more.


    Sell Products or Services

    If you have your own products or services that you want to promote, you can do so by creating a post on Reddit. You can also use Reddit to drive traffic to your website or blog, where you can then sell products or services. This is an effective way to make money, but it does require some investment in terms of time and effort.

    You can also develop your own products and services for the Reddit community. Many subreddits have forms of trading where users offer services or products in exchange for points or tokens. Additionally, Reddit allows you to submit content that you can monetize through third-party websites like Twitch or YouTube.

    Participate in Affiliate Programs

    Affiliate programs are another great way to make money on Reddit without spending any money. Affiliate programs allow you to promote other people’s products and receive a commission for every sale that you generate. There are many different affiliate programs available, so you should be able to find one that suits your needs.

    Through these programs, contacts and clients post ads to their own networks, often in exchange for referral fees or commissions. It’s a great way to create passive income without having to invest any of your own money.

    Of course, not everyone will have the same success rate on Reddit as those who already have become experts in the industry; however, it’s definitely worth giving a try. With dedication and knowledge of how affiliate systems work, you could soon be well on your way to making some extra cash from the comfort of your own home!

    How Frequent Users Access The Platform In the USA
    How Frequent Users Access The Platform In the USA

    Use Reddit gold

    If you’re looking to make money on Reddit without having to invest any of your own, using Reddit Gold may be a great option. Reddit Gold is an exclusive membership for users who have achieved a certain level of Karma points through their participation on the site.

    As a member, you will gain access to premium features like comment highlighting and custom avatars, in addition to being able to make money through advertising revenue. There are also other ways to maximize your earnings as a Reddit Gold member, such as sharing valuable content, building relationships with other members in your community, and staying active in conversations throughout the day.


    8 Hidden Ways to Use Reddit For the Business | Generate Leads Using Reddit
    Reddit is one of the best social media ever existed. You would have never thought about these ways to use Reddit to generate leads for your business.


    Participate in Paid Surveys

    Paid surveys are another great way to make money on Reddit without spending any money. There are many companies that will pay you for your opinion, and all you need to do is find a reputable survey company and sign up for an account. Once you’re registered, you’ll start receiving surveys that you can complete in exchange for cash or prizes.

    If you love spending time on Reddit and have an opinion on virtually everything, participating in paid surveys could be the perfect way to make money without spending a dime. All you need to do is sign up with a few survey companies and do some research by following different threads on Reddit.

    Many survey companies are willing to pay for your participation so you can make some extra cash while enjoying conversations on the platform. However, it is important to note that these surveys usually require a lot of time before any payment is made, so make sure that you commit only if you are certain about taking them up. With some dedication and patience, there is no denying that participating in surveys may be an effective way of making money from Reddit without any investment.

    How to Use Reddit

    Build up a Reputation

    Building a reputation as an influencer on Reddit can be a great way to make money without spending any capital upfront. The key is to engage with the community by posting thought-provoking comments, creating entertaining content (e.g., videos or blogs), and consistently replying to users in helpful and positive ways.

    To bolster your profile, you can use lists and categories of topics to keep viewers interested in what you post, increase the visibility of your content through hashtags, customize comments with visuals or GIFs, and maintain a regular presence.

    When followers realize that what you post holds value for them, there’s potential for sponsorships or affiliate programs that can earn you passive income. As long as you’re willing to invest time into networking and learning about user engagement, you can make money from Reddit without ever having to reach for your wallet.

    Promote Your Content

    Making money on Reddit sounds like an impossible feat, but it is within reach if you understand how to effectively promote your content. Posting in the right subreddits and giving thoughtful responses are key to getting visibility.

    Ultimately, promoting your content has the potential to bring increased exposure, interest, and visitors, as well as ultimately more money-making opportunities on Reddit without spending a dime – all you need is dedication and a bit of savvy strategy.

    In addition to promoting your content on Reddit, you should also promote it elsewhere online. This could include social media sites like Twitter and Facebook, as well as other websites and blogs that allow guest posts. The more places you promote your content, the greater the chance people will see it and potentially share it with others.


    Reddit’s IPO Fever Is Rising High
    Delve into the growing anticipation surrounding Reddit’s highly anticipated IPO. Discover how this online platform’s debut on the stock market is capturing the attention of investors and enthusiasts alike.


    Use Keywords Wisely

    When posting content on Reddit, be sure to use keywords wisely. Keywords are the words or phrases that people are most likely to search for when looking for information on a specific topic. By including relevant keywords in your title and throughout your post, you can increase the chances of your content being seen by people who are interested in what you have to say.

    It is certainly possible to make money on Reddit without spending any money. Can you make money from Reddit? The key is to build a user base, create high-quality content, and take advantage of some of Reddit’s unique features. If you’re looking to make some extra cash or even start a new business, give it a try! You might be surprised at just how much success you can have by following these simple tips.

    Regional Distribution of Desktop Traffic to Reddit
    Regional Distribution of Desktop Traffic to Reddit

    Use Attractive Visuals

    People are more likely to pay attention to your content if it’s visually appealing. Visuals that are eye-catching and useful help to speed up the process. This means using high-quality images and videos whenever possible.

    When you have a large following, companies may approach you to create posts promoting their products. It’s important to be clear about your pricing and ensure that the sponsored content matches your niche and audience.

    Making Money with Cryptocurrency

    Reddit hosts a vibrant cryptocurrency community, and several subreddits offer ways to earn by engaging in discussions or receiving tips in cryptocurrencies. Popular subreddits like r/cryptocurrency and r/Bitcoin often reward quality contributions with tips in Bitcoin or other tokens. Some communities use platforms like Moons (for r/CryptoCurrency) which can be exchanged or traded. It’s a great place to learn, share, and earn at the same time.

    Tips to Make Money on Reddit Successfully

    Tips to Make Money on Reddit Successfully
    Tips to Make Money on Reddit Successfully
    1. Follow Subreddit Rules: Every subreddit has its own rules, don’t ignore them! Read the pinned posts and guidelines before posting. Breaking the rules can get your post removed or even get you banned. Stick to the rules, and you’ll build trust faster.
    2. Provide Real Value: Reddit doesn’t like spam. If you want to earn, start by being helpful. Share useful tips, answer questions, or post something interesting. Real value builds credibility, and people are more likely to engage with you or your offer when they trust you.
    3. Avoid Scams: Be careful, Reddit has its fair share of scams. Don’t fall for too-good-to-be-true offers, shady job posts, or sketchy crypto deals. Do your research before clicking or committing to anything.
    4. Build Your Reputation: Your karma matters! The more helpful and active you are, the more karma you’ll earn. A solid reputation makes people take you seriously, and that opens the door to real money-making chances on the platform.

    How to Not Get Banned or Downvoted on Subreddits

    Whether you’re looking to monetize your account or want a side income, the first step is making sure that you don’t get yourself banned from subreddits or downvoted. To keep yourself in good standing with Reddit, it is important to remember to follow the subreddit’s guidelines and contribute constructively.

    Don’t plagiarize content, and make sure that any posts are relevant and helpful. Posting an irrelevant link isn’t going to do anything but get your post removed and possibly banned from the subreddit. One common mistake that can lead to a ban or downvote is frequent self-promotion.

    It’s ok to mention your own content in relevance sometimes, but not excessively. If you take care to post thoughtfully and follow the rules of each subreddit you join, then you will have far greater success in making money without spending a dime!

    Key to Success

    Making money on Reddit takes time and effort, so don’t expect to see results overnight. Making money on Reddit is a great way to supplement your income without spending any money. It can take some patience as there are specific ways you’ll need to engage with the content and its users.

    For example, you will need to post quality content, engage in conversations and develop relationships with other members of the community. With time and dedication, you can grow a network that can start to deliver rewards for your efforts – such as people taking an interest in your ideas and products or showing enthusiasm for your content. As long as you remain patient, you could find yourself making valuable connections that may bring financial rewards.

    Conclusion

    To have the best results, you’ll need to be active regularly, and you’ll need to become a contributing part of the community. It can be a challenging platform if other users think you’re only there for your own benefit, so be sure to contribute to the community and focus on giving as much as you’re taking.

    FAQs

    Can you get paid directly by Reddit?

    No, it is not currently possible to earn money directly from Reddit. However, you can use Reddit to find ways to make money.

    What is karma on Reddit?

    Karma on Reddit is equivalent to a user’s score on the platform. When other users upvote your comments or posts, your karma goes up. Similarly, if users downvote you, your karma score will drop.

    Can you make money on Reddit?

    Yes, you can earn real money from Reddit. You will not be paid directly from Reddit. However, you will find opportunities to earn money through subreddits, which are niche forums within Reddit.

    How to make money on Reddit?

    You can make money on Reddit by building a strong user base and offering valuable products or services through targeted posts or ads. Engage with communities relevant to your niche and leverage Reddit’s advertising platform for additional reach.

    Does Reddit pay you?

    Reddit doesn’t pay users directly. You can’t get paid on Reddit directly. However, users can earn through Reddit Premium (coins for quality posts), affiliate links, or sponsored posts from brands.

    How to increase Reddit karma fast?

    To increase Reddit karma fast, focus on posting quality content and actively commenting in popular threads. Engage with trending topics and participate regularly in active subreddits. Ensure your posts follow subreddit rules to avoid downvotes, as consistency and relevance are key to gaining karma quickly.

  • Steve Huffman: The Tech Leader Behind Reddit’s Success

    Steve Huffman is the co-founder of Reddit along with Alexis Ohanian (his college roommate). He started programming/coding at the age of 8. His net worth as of 2024 is about $50 million.

    Read ahead to learn more about Steve Huffman’s net worth, personal life, education, early life, and more.

    Steve Huffman – Biography

    Name Steve Huffman
    DOB November 12, 1983
    Nationality American
    Occupation Co-founder and CEO of Reddit
    Net Worth $50 million (2024)
    Spouse Katie Babiarz (ex)

    Steve Huffman – Early Life and Education
    Steve Huffman – Reddit
    Steve Huffman – Net Neutrality Activism
    Steve Huffman – Personal life
    Steve Huffman – Controversy

    Steve Huffman – Early Life and Education

    Steve Huffman was born on the 12th of November, 1983. His childhood was spent growing up in Warrenton, Virginia. Just at the age of 8, he began programming computers. In 2001, he graduated from Wakefield School in The Plains, Virginia. He graduated in 2005 from the University of Virginia (UVA), where he studied computer science.

    Steve Huffman – Reddit

    Huffman and Alexis Ohanian (his college roommate) drove to Boston, Massachusetts, during their spring break to attend a lecture delivered by programmer-entrepreneur Paul Graham. They talked with Graham after the lecture. And he invited them to apply to his startup incubator, Y Combinator. Huffman came up with an original idea, My Mobile Menu. The app allowed users to order food by SMS. Although the idea was rejected, Graham asked Huffman and Ohanian to meet him in Boston to pitch another idea for a startup. At that brainstorming session the idea that came up, Graham called the “front page of the Internet”. Huffman and Ohanian got accepted into Y Combinator’s first class. Huffman coded the entire site in Lisp. Finally, he and Ohanian launched Reddit in June 2005 which was funded by Y Combinator.

    Reddit Logo
    Reddit Logo

    The site’s audience grew rapidly within its first few months. By August 2005, Huffman noticed their habitual user base had grown large enough, that he no longer needed to fill the front page with content himself. At the age of 23, Huffman and Ohanian sold Reddit to Condé Nast, for a reported $10 million to $20 million on October 31, 2006. Huffman remained with Reddit until 2009, after which he left his role as acting CEO.

    Before co-creating the travel website Hipmunk with Adam Goldstein Huffman had spent several months in Costa Rica which was also funded by Y Combinator. He was an author and software developer, in 2010. Hipmunk was launched in August 2010 with Huffman serving as CTO. In 2011, Inc. named Huffman under its 30 list.

    Huffman admitted that his decision to sell Reddit had been a mistake. And that the site’s growth had exceeded his expectations, in 2014. On July 10, 2015, Reddit hired Huffman as CEO again, following the resignation of Ellen Pao. It was a particularly difficult time for the company. After rejoining the company, Huffman’s main goals were to launch Reddit’s iOS and Android apps, to fix Reddit’s mobile website, and to create A/B testing infrastructure.

    After returning to Reddit, Huffman instituted several technological improvements including a better mobile experience and stronger infrastructure, as well as new content guidelines. These included:

    • a ban on content that incites violence
    • quarantining some material users might find offensive, and
    • removing communities “that exist solely to … make Reddit worse for everyone else”- said by Huffman

    Shortly after returning, Huffman wrote that

    “neither Alexis nor I created reddit to be a bastion of free speech, but rather as a place where open and honest discussion can happen.”

    Ohanian had used the same term in an interview in 2012 to describe Reddit, as noted by The New Yorker and The Verge.

    Reddit launched its IPO in March 2024. Its IPO was one of the most highly anticipated of 2024, and it certainly lived up to expectations. On March 20, Reddit priced its shares at $34, hitting the top end of its projected range of $31 to $34.


    Reddit’s IPO Fever Is Rising High
    Delve into the growing anticipation surrounding Reddit’s highly anticipated IPO. Discover how this online platform’s debut on the stock market is capturing the attention of investors and enthusiasts alike.


    Huffman had worked hard to make the site more advertiser-friendly. He also led efforts to host videos and images on the site. Beginning of 2017, Huffman led the redesign of Reddit’s website with its first major visual update in a decade. Huffman had said the site looked like a “Dystopian Craigslist” whose obsolete presence deterred new users. In April 2018, the Development of the new site took more than a year, and the redesign was launched.

    Steve Huffman – Net Neutrality Activism

    Steve is an advocate for net neutrality. He had told The New York Times that without net neutrality protections, “you give internet service providers the ability to choose winners and losers”, in 2017. Huffman urged Redditors to express support for net neutrality and to contact their elected representatives in Washington, D.C. Steve Huffman said that the repeal of net neutrality rules stifles competition. He had said that he along with Reddit would continue to advocate for net neutrality.


    A Complete Guide for How to Make Money on Reddit
    Reddit is one of the top-ranked social media apps in US with about 52 Million daily active users. Here’s a Complete Guide for How to Make Money on Reddit


    Steve Huffman – Personal life

    Steve Huffman lives in San Francisco, California. He mentors aspiring programmers at coding boot camps such as Hackbright Academy. Huffman was also an instructor for e-learning courses on web development by Udacity. Along with that he is on the board of advisors for the Anti-Defamation League’s Center for Technology and Society.

    Astonishingly, Huffman is a ballroom dancer. At the UVA, Huffman used to compete in intercollegiate competitions.

    Steve Huffman – Controversy

    • After Reddit filed for its IPO in February 2024, it was revealed that CEO Steve Huffman received a total compensation of $193 million in 2023, which sparked discontent among some Reddit users. Many criticized the payout, calling it excessively large.
      In response, Huffman addressed the concerns during a Q&A session on Reddit, explaining that his compensation is a combination of salary and stock, and is directly linked to his performance as CEO.
    • Huffman was the subject of controversy in late 2016 for altering posts on a common subreddit with Donald Trump supporters, The Donald. Following criticism from Reddit users, issued an apology and he undid the change.
    • A while ago, TikTok gained a lot of popularity and not particularly in a good way! To this, the co-founder of Reddit thinks TikTok is “fundamentally parasitic“.
    • He comments in front of a large group of Silicon Valley investors and entrepreneurs at the Social 2030 conference by Lightspeed Venture Partners and Lessin’s VC firm Slow Ventures,

    Maybe I’m going to regret this, but I can’t even get to that level of thinking with them. I look at that app as so fundamentally parasitic. It is always listening and the fingerprinting technology they use is truly terrifying. I could not bring myself to install an app like that on my phone. I actively tell people not to install that spyware.

    FAQs

    Who is Steve Huffman spouse?

    Steve Huffman was married to Katie Babiarz in 2009 but they have since divorced.

    What is Steve Huffman net worth?

    The net worth of Steve Huffman is $50 Million as of 2024.

    When was Reddit founded?

    Reddit was founded in 2005.

    What is Steve Huffman age?

    Steve Huffman is 41 years (1983) of age.

  • Reddit’s IPO Fever Is Rising High

    The year 2005 saw the launch of Reddit, an online community and message board. Over 100,000 distinct neighborhoods/communities (Subreddits) make up Reddit’s infrastructure; each has its own lingo, culture, customs, and set of rules—written and unwritten alike. In these communities, people build their own neighborhoods and also moderate it to make sure it stays secure, lively, and, most importantly, authentic to who it is.

    At present, Reddit ranks as both the seventh most popular social networking platform and the sixteenth most viewed website in the world. The ability to publish anonymously is the site’s main selling point since it promotes honesty and openness.

    Being the first US-listed social media firm in the last five years (since Pinterest’s launch in 2019), it’s sure to be a widely watched initial public offering. After a long absence of tech IPOs, investors and entrepreneurs will be keeping a close eye on this one to see whether it will revive the market for initial public offerings.

    According to sources close to the situation, Reddit’s first public offering is four to five times oversubscribed, which increases the likelihood that the social media network will achieve its $6.5 billion valuation target.

    Although the oversubscription does not ensure a successful stock market debut, it does indicate that the company is well-positioned to achieve its target price range of $31 to $34 per share when pricing the initial public offering.

    Reddit CEO Steve Huffman on IPO debut: The best investors of Reddit are people who use Reddit

    Turning the Cornerstone
    A Flimsy Business Projection
    Reddit Is Also Trying to Regulate AI to Help It Grow

    Turning the Cornerstone

    Reddit has been an integral part of the social media landscape since its 2005 inception. One of the most recognizable trademarks on the internet is its famous logo, which features an extraterrestrial against an orange backdrop.

    “The sublime to the ridiculous, the trivial to the existential, the comic to the serious” are just some of the subjects that can be discussed on its 100,000 online forums, called “subreddits,” according to co-founder Steve Huffman. According to Huffman’s letter, he sought assistance from one of the subreddits in order to stop drinking. Similarly, in 2012, former US President Barack Obama conducted an interview with the site’s users called an “AMA” (“ask me anything”).

    In 2021, members of the company’s powerful communities gained notoriety for their involvement in the “meme-stock” scandal, in which a number of individual investors pooled their resources on Reddit’s “wallstreetbets” forum to purchase shares of heavily shorted firms, including gaming retailer GameStop.

    Worldwide Visits to Reddit.com From July to December 2023
    Worldwide Visits to Reddit.com From July to December 2023

    A Flimsy Business Projection

    Contemporaries like X (formerly known as Twitter), Facebook (META.O) by Meta Platforms, and opens new tab have been more successful than Reddit, despite the cult-like status of its supporters.

    In a previous filing, the firm claimed to be “in the early stages of monetizing (its) business” and to have never made a profit.

    For the three months ending December 31, 2023, Reddit reported an average of 73.1 million daily active “uniques” (users who log in at least once per day).

    Another issue that advertisers have pointed out is the company’s lax approach to content management.

    In order to keep the forums free of inappropriate material, it depends on volunteers from its user base. In 2023, a number of moderators resigned in protest of Reddit’s intention to charge outside app developers for data access, but they are free to resign at any moment.


    A Complete Guide for How to Make Money on Reddit
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    Reddit Is Also Trying to Regulate AI to Help It Grow

    Another way Reddit plans to make money off of its platform is by selling licencing its content rights to companies who use it to train AI models. Last month, a renowned media house reported that Google and Reddit had signed an agreement to use Reddit content to train Google’s huge language models. The transaction is worth $60 million per year.

    But even that income isn’t without its doubters. Last Monday, Reddit announced that the FTC is investigating its licencing practices for user-generated content.

    “Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this area,” a regulatory filing from Reddit stated. “We do not believe that we have engaged in any unfair or deceptive trade practice.”

    Even more so in the beginning, IPO stocks can be somewhat unpredictable. Redditors, the name given to both users and moderators on the platform, were allotted around 8% of the 15.3 million shares that were issued during the IPO. There will be no lockup period for those users; they can sell whenever they want, according to the Reddit post.

    FAQs

    What is Reddit?

    Reddit is an online platform enabling users to share links or text posts encompassing various content types, including images, videos, news articles, and discussion threads, fostering a vibrant community-driven experience.

    Who are the founders of Reddit?

    Reddit was founded by Steve Huffman and Alexis Ohanian, and Aaron Swartz in 2005.

    When were subreddits created?

    The feature of commenting on posts was introduced several months after Reddit’s initial launch, while users gained the ability to create their own subreddits in 2008.

  • ScoopWhoop – Ruling Internet With the Most Entertaining and Creative Content!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ScoopWhoop.

    Instagram, Youtube, Facebook, Whatsapp, Reddit, and the list goes on when it comes to platforms for content creation and sharing. Over the past decade, the creative content curation and creation mechanisms have transformed the digital media and audiences seem to be enjoying the quick accessibility and easy sharing format that contemporary technology offers us today. It is difficult to create content that can go viral, keeping in mind the number of subjects that are put up on social media by various websites. And then came on a website called ScoopWhoop which became an overnight sensation today is one of the largest internet media and News companies in India. Read About ScoopWhoop Company Profile, Founders, Competitors, ScoopWhoop Revenue, Business Model, Funding, Growth, Logo etc.,

    ScoopWhoop started in August 2013 by six colleagues who are also Indian Institute of Mass Communication alumni namely, Sattvik Mishra, Sriparna Tikekar, Rishi Pratim Mukherjee, Debarshi Banerjee, Saransh Singh, and Suparn Pandey. ScoopWhoop is one of the most popular internet media companies in the country that enables its users to discover, create and share specific stories as per their interests. It mainly focuses on sections and areas like life, news, humor, travel, sports, food, foreigners, and more. The company has been acquired by The Good Glamm Group, the parent company of the Mumbai-based D2C beauty brand, MyGlamm, on October 20, 2021, Wednesday.

    ScoopWhoop – Company Highlights

    Company Name ScoopWhoop
    Headquarters New Delhi
    Industry Media & Entertainment
    Founders Sattvik Mishra
    Founded 2013
    Funding ~$5.6 million (September 2021)
    Acquired by The Good Glamm Company on October 2021
    Website scoopwhoop.com

    ScoopWhoop – About How it works?
    ScoopWhoop – Founders
    ScoopWhoop – How did it start?
    ScoopWhoop – Revenue Model & Business Model
    ScoopWhoop – Competitors
    ScoopWhoop – Funding
    ScoopWhoop – Growth
    ScoopWhoop – Future Plans
    ScoopWhoop – FAQs

    ScoopWhoop – About How it works?

    ScoopWhoop is a company that provides social news and entertainment. They have a channel that provides remedies on social concerns while also having listicles on current affairs, politics, sports, etc. ScoopWhoop got its inspiration from the global trending website Buzzfeed, but ScoopWhoop came with the vision to provide the local Indian audience content which is relatable and based on Indian themes.

    Scoopwhoop logo
    Scoopwhoop logo

    ScoopWhoop is for the people who are bored at work and just desire to pass their time with some entertaining posts, which is easy to comprehend. Their main target audience is 15-35 age groups of people, who are constantly using social media for entertainment, and ScoopWhoop provides news with witty and funny listicles for people, which draws them regularly to their pages and channels.


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    ScoopWhoop – Founders

    Sattvik Mishra, Rishi Pratim Mukherjee, Sriparna Tikekar, Saransh Singh, Suparn Pandey and Debarshi Banerjee are the Founders of Scoop Whoop.

    ScoopWhoop Founders
    • Sattvik Mishra, who completed Bachelor’s in Computer Application from Symbiosis International University in 2008. Later, Mishra did Post Graduation Diploma in Advertising and Public Relation from IIMC, New Delhi.
      He then started working at Webchutney as a Trainee Writer and later got promoted as Associate Creative Director. He worked at Webchutney for 4 and a half years before becoming the CEO of ScoopWhoop.
    • Sriparna Tikekar is the Chief Content Officer at ScoopWhoop is also the co-founder of ScoopWhoop.
    • Rishi Pratim Mukherjee, who did Masters in English from the University of Calcutta, also did Post Graduation Diploma in Advertising, Applied Communication and Public Relation from IIMC, New Delhi, and securing the second position with 71%. He worked as a Client Services Director at Webchutney for one year and eight months before becoming the Co-founder & COO at ScoopWhoop in December 2013.
    • Debarshi Banerjee is the Co-founder and Chief Product Officer at ScoopWhoop. He did B.A in History from Presidency College, Kolkata. After this, he did M.A from the University of Kolkata in 2010. He worked as a Web Developer at Conrad Green, Grasshoppers and Digivaasi and then as Technology Lead at Digivaasi. He joined ScoopWhoop in August 2014.
    • Saransh Singh did Bachelor’s in Mass Media from St.Xavier’s College, Mumbai and then went on to study Post Graduation Diploma in Advertising and Public Relation from IIMC, New Delhi. He worked at Webchutney for 9 years and 10 months; he started there as a Visualizer, then as Art Director and got promoted to Senior Art Director. He is now the co-founder and CEO of ScoopWhoop.
    • Suparn Pandey did BBA Jagannath International Management School, New Delhi before studying Post Graduation Diploma in Advertising and Public Relation from IIMC. He started working at ScoopWhoop as managing editor and co-founder in December 2013.
    Scoopwhoop Startup Journey

    Who are Micro-Influencers and How they are the Most Effective?
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    ScoopWhoop – How did it start?

    Buzzfeed became one of the most trending online platforms globally. The founders saw that online media was gaining popularity and to utilize their creative minds, they started the website ScoopWhoop as a side project.

    Sattvik and Rishi planned while drinking to write an article on “If Game of Thrones is made in India, who would play what?” They wrote listicles at night for ScoopWhoop and continued their regular jobs in the day. Three months to ScoopWhoop, it already had 4 million users. Soon after this, large media companies came with big offers to ScoopWhoop; this encouraged the co-founders to make ScoopWhoop a full-time project.


    How To Start A Media Company In India
    Do you want to start a media company in India? You need to be aware of the legal procedure and some registration-related requirements that are covered in this StartupTalky post.


    ScoopWhoop – Revenue Model & Business Model

    The company that has channels and pages on Youtube, Instagram, and Facebook, gains revenue through advertisers and sponsored stories. ScoopWhoop usually charges a lakh and a half for each story they do for a brand. But, they usually have a 3 post deal with the brands. So one can imagine the money this venture earns just with their social reach which can make a story/video viral just with a click of a button and without even putting a single advertisement on their website.

    ScoopWhoop – Competitors

    As sharing online is becoming easier, it is becoming more difficult to maintain pages and channels in digital platforms by having trending and original content for the audience. Buzzfeed India, MensXp, The Logical Indian, The Quint, etc are some of the popular pages that are competing for neck-to-neck with ScoopWhoop because all of these are behind the same target audience- the new-age millennials.


    How To Start A Media Company Of Your Own
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    ScoopWhoop – Funding

    To date, ScoopWhoop is believed to have a funding amount of $5.6 million. ScoopWhoop received funding of INR 10 crores from Bharti Softbank in October 2014. In November 2015, Kalaari Capital invested $4 million in ScoopWhoop. In February 2016, ScoopWhoop raised $1.5 million from Ignite World.

    ScoopWhoop – Growth

    • Has a team of more than 200 employees.
    • Has more than 5 million followers on Facebook.
    • Has over 1 million followers on its YouTube Channel.
    • Has more than 165.6K followers on Twitter.
    • Launched two new platforms for specific audiences- Vagabomb and Gazabpost.
    • Successfully added flight content on its application.

    ShareChat – Entertaining the Regional Audience with Amazing Content!
    ShareChat much like any other networking platform, allows its users to create, discover and share content amongst one another. Read about sharechat founders, funding, competitors and business model.


    ScoopWhoop – Future Plans

    “We don’t care where people consume our content, as long as they do! We are completely platform-agnostic.”  Says Sattvik, Founder, ScoopWhoop

    Sattvik also rightly pointed out that with the advent of Reliance Jio and the deeper penetration of smartphones in the society and the country at large, network connectivity is going to be the next game-changer in the content creation industry. This effectively points to the fact that in the coming years’ video content is going to be the most popular form of taking in content by the users. The users here are mainly the millennials because they account for most of the target audience who would like to take in creative video content that possibly passes their time in the most interesting manner.

    Also read: Roposo – A platform to express and explore Passion for Fashion

    ScoopWhoop – FAQs

    Who are the Founders of ScoopWhoop?

    ScoopWhoop was founded  by Sattvik Mishra, Sriparna Tikekar, Rishi Pratim Mukherjee, Debarshi Banerjee, Saransh Singh and Suparn Pandey in 2013.

    What is Scoop Whoops’ Revenue?

    Scoop Whoop generates around $2.4 million in Revenue. It usually charges around 0.5 lakh for each story they do for a brand.

    How much funding ScoopWhoop has raised?

    ScoopWhoop is believed to have a funding amount of $5.6 million till date. Its investors include Bharti Softbank, Kalaari Capital, Ignite World.

    How does ScoopWhoop Make Money?

    ScoopWhoop usually charges around half lakhfor each story they do for a brand. But, they usually have a 3 post deal with the brands. So, the money this venture earns just with their social reach.  Scoop Whoop generates around $2.4 million in Revenue.

    Who are ScoopWhoop’s Competitors?

    ScoopWhoop’s competitors are Storypick Media, BuzzFeed, Dainik Bhaskar Group, MensXp, The Logical Indian, The Quint.

    Who is ScoopWhoop’s CEO?

    ScoopWhoop’s CEO is Sattvik Mishra.

    Is OK Tested part of ScoopWhoop?

    ScoopWhoop Media is an Internet media company. It runs three different publications, ScoopWhoop, Scoopwhoop Hindi, Ok Tested, Scoopwhoop Unscripted and Vagabomb.

  • 8 Ways to Use Reddit For the Business [Hidden Ways]

    Reddit is a social media website, something similar to Quora, but a different one. This American social media and “the front page of the internet” has grown too big. Initially, people never thought that Reddit can have more than 222 million active users per month. This number is even more than Quora, which has only 190 million active users per month.

    If there are so many people that have joined Reddit over the years, then there must be some business opportunities for you. Even if you are a content creator or a marketer then Reddit will be a useful tool for you. Using Reddit you will be aware of the latest trends in your industry. Therefore, let’s uncover some ways you can use Reddit for your business.

    Customer Service
    Market Research
    Run Ads
    Promoting in Subreddits
    Share News
    AMA
    Create a Community
    Add Links & Bring Traffic To The Website

    Customer Service

    You can provide services and solve the problems of your customers on Reddit. You can create a subreddit, which will work as a forum and will be dedicated to your product only. It will be a great tool if you are still in the initial days of your startup. You will not have to spend any money on creating a dedicated website for your forum. Also, many people will discuss it together so some problems will be solved among the users only. You might not have to do any effort and spend time-solving it.

    Market Research

    Reddit is a great source of content. You can research the market need. With the data collected, you can then design your product accordingly. If you are a content creator, then no doubt you will get so many new ideas and inspiration on Reddit. You can also ask people whether they would like a new feature in your product or not.

    Run Ads

    No doubt the most important factor of Reddit for your business is its ad feature. You can pay for showing ads on Reddit’s website and app. It is just like Instagram and Facebook except it has been proved better for some particular kind of businesses. Reddit’s ads focus on subreddits. Subreddits distinguish a particular group of people. So, there is a strong possibility of buzz generation and then a discussion about your product in a subreddit. Whereas, on Facebook or Instagram, you are not shown ads in groups or chats.

    Reddit advertisement for small busnissses
    Reddit Advertisement for Small Businesses

    Promoting in Subreddits

    You may not afford to pay for the sponsored ads on Reddit, but you can promote your products in subreddits. However, read about all the “reddiquates” first which are a set of rules you have to follow. Don’t openly promote your product or your website. Start a discussion related to your website or product, then silently promote your product. Silently promoting means to not capture too much attention but still promoting it. It should not look like you are promoting your product officially. Just keep it casual and play it safe. Because you can be banned on Reddit for this if you don’t do it correctly.

    Share News

    Everyone wants to know new things happening in their interested field. It could be any topic from hacking to political. Therefore, share news related to the business field you are in. If you have a blog on technology, then share the news about the latest gadget in the market. If you deal with online show tickets, then share the schedules of the shows in cities. Sharing news will grab people’s attention and will eventually generate leads for you.

    AMA

    Do AMAs, which stands for “Ask me anything”. If you have an audience, then your people will ask you questions about you and your products. It doesn’t matter if you are a very small startup or a giant company. People will always have something to ask. AMA connects you directly with your audience and you have a chance to influence people to buy your product. So host an AMA on Reddit.


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    Create a Community

    Creating your community is the best idea. You will have full control. It is very easy to create a community on Reddit. However, it is not easy to get the audience in your community. So, to promote your subreddit, go to other’s subreddit and let people know about your community. Or promote it on your website. Once you have a good audience, you can promote your new product, take feedback and solve customer’s problems in just one place.

    Add Links & Bring Traffic To The Website

    Reddit offers you to share your content in front of your industry or target audience. Hence put the relevant links of your website. Unlike other social media, people on Reddit like to find new websites for valuable information. Thus, if you are providing value on your website or blog, then put the links on Reddit and drive quality traffic to your website or blog.

    Conclusion

    Start taking advantage of this new era. Bill Gates once said “If your business is not online, then your business does not exist.” This is the golden opportunity to take your business to the sky. It doesn’t matter if you own a tea shop on a street or an online shopping store. Online marketing is the key to success. Reddit is just one platform, there are many others like Instagram, Facebook, Quora, etc. You just have to analyze your audience. If you do it right, you can target the right people which will result in lead generation. Comment some more tips about Reddit. Do you use Reddit for business or just as a casual user? Share this post with all your friends.


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    FAQs

    What is Reddit app?

    Reddit is a social media website, something similar to Quora, but a different one.

    What is Reddit used for?

    It is a social platform where users submit posts that other users ‘upvote’ or ‘downvote’ based on if they like it.

    Who is the founder of reddit?

    Steve Huffman, Aaron Swartz and Alexis Ohanian.


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  • Top Sequoia Capital Investments

    Sequoia Capital has invested in some of the greatest ideas that this planet has ever seen. Don Valentine founded Sequoia Capital in 1972 and it has been creating history since then. It seems they have some ‘magic formula’ to predict the immense success of start-ups that get pitched to them. Of course, they don’t pick all of them but they sure do have a good hand.

    Sequoia Capital Portfolio is bejewelled with many start-ups that changed the face of the world. Sequoia Capital investments are not necessarily done in fancy places. They are willing to meet start-up owners anywhere they want. They understand that young start-ups need to save money.

    But just like everything in this world, Sequoia Capital investments are not perfect. It let go of some great opportunities like:

    • Investing in Apple, which it dropped out of after a short period
    • letting go of twitter because they wanted 20-30% share and the company offered 10%
    • Investing in Facebook

    All in all, this hasn’t stopped the venture capital from making some great investment deals.

    Paypal
    Reddit
    Tumblr
    Zoom
    Whatsapp
    Yahoo
    Google
    Glossier
    Youtube
    Instagram
    Linkedin
    Zomato
    Picsart
    FAQ

    Here’s a list of the top 13 Sequoia Capital Investments ventures that got big

    Paypal

    PayPal revolutionized the way we pay for things. It made cashless transactions easy and Hassel-free. Sequoia Capital investments are majorly made in companies that provide solutions to a problem.

    Companies like PayPal simplify peoples’ lives therefore they are bound to make profit.

    Founder: Elon Musk, Max Levchin, Peter Theil

    Founded in: 1999

    Partner: Michael Moritz

    Partnered in: 1999

    Reddit

    Reddit has become the core of funny online content. Although it’s a site where people discuss and comment on all kinds of topics, its GIFs are the most popular. Recently, Reddit users shook up the stock market which made clear the power that it possesses.

    Founder: Steve Huffman

    Founded in: 2005

    Partner: Alfred Lin

    Partnered in: 2014

    Tumblr

    Tumblr provides creative people all around the world to create, share and follow the content of their choice. The venture capital calls this idea authentic and said that when the idea was pitched in, it was, “equivalent of love at first sight”.

    It’s beautiful to see when an investor shares the vision of the founder. It’s bound to be a success.

    Founder: David Karp

    Founded in: 2007

    Partner: Roelof Botha

    Partnered in: 2010


    List of top Business Ideas with zero or minimal capital investment
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    Zoom

    Zoom is a video conferencing app. It provides group messaging and online meeting services that became our survivor in the Covid situation. Its top-of-the-class video and audio qualities make meetings effortless.

    Founder: Eric Yuan

    Founded in: 2011

    Partner: Carl Eschenbach, Pat Grady

    Partnered in: 2016


    Top 10 Active Venture Capital Firms In India – StartupTalky
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    Whatsapp

    Who doesn’t know what WhatsApp is? If you don’t, you might be living under a rock. It an online messaging, calling, and video calling app. Recently, WhatsApp has launched its new payment feature.

    It has more than 100 million active users. It’s the most used messaging app in India. Sequoia Capital funded WhatsApp and helped it reach phenomenal heights.

    In 2014, WhatsApp was bought by Facebook.

    Founder: Brian Acton, Jan Koum

    Founded in: 2009

    Partner: Jim Goetz

    Partnered in: 2011

    Yahoo

    Yahoo is an information site that brings together all the information on one platform for users to benefit from. Yahoo is creating personalized user experiences to make the task easier.

    Founder: David Fello, Jerry Yang

    Founded in: 1994

    Partner: Michael Moritz

    Partnered in: 1995

    Google

    Google, the world’s biggest search engine is also among Sequoia Capital Investments. You can find out information about everything on Google. By organizing different websites and indexing their content, Google provides the best possible results for user search. It is dedicated to improving the overall user experience and caters to all their needs.

    Founder: Sergey Brin, Larry Page

    Founded in: 1998

    Partner: Michael Moritz

    Partnered in: 1999

    Glossier

    Glossier is another company under Sequoia Capital Investments. It is a beauty brand that customizes beauty according to the person. It focuses on individual needs rather than providing one product that is to be used by everyone.

    Founder: Emily Weiss

    Founded in: 2014

    Partner: Sonya Huang

    Partnered in: 2019


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    Ideas, creativity, and execution are essential for a startup to flourish. Butare they enough? A startup succeeds in the long run only if it can scale as andwhen required. Investors provide startups and other entrepreneurial ventureswith the capital—popularly known as “funding”—to think big, grow …


    Youtube

    YouTube is the world’s greatest video-sharing site. It allows users to effortlessly upload videos for users to see. Sequoia Capital Investments helped the site become a platform for learning, entertainment and message spreading that also created tons of jobs.

    Founder: Chad Hurley, Javed Karim, Steve Chen

    Founded in: 2005

    Partner: Roelof Botha

    Partnered in: 2005

    Instagram

    Instagram has become extremely popular in very little time. It is the go-to app to upload art and photos for the huge audience that is at your disposal. Brands and small businesses can also promote their products through influencers.

    Founder: Kevin Systrom, Mike Krieger

    Founded in: 2010

    Partner: Roelof Botha

    Partnered in: 2012

    Linkedin

    Sequoia Capitals investments are about bringing unique ideas to life. It’s something that we all need but just cannot put a finger on. An online platform for businesses and employees that promotes jobs and servicepersons was much needed.

    LinkedIn made it possible to link talented individuals to the employers that need them.

    Founder: Reid Hoffman, Jeff Weiner

    Founded in: 2002

    Partner: Michael Moritz

    Partnered in: 2003

    Zomato

    Zomato made the option of food delivery, wide open in India. It was present before but wasn’t used much. The brilliant idea of linking the restaurant to a hungry person worked wonders. What’s the use of good food without a foodie, right?

    Zomato is a unicorn company now.

    Founder: Deepinder Goyal, Pankaj Chaddha

    Founded in: 2010

    Partner: Mohit Bhatnagar, Abheek Anand, Ashish Agarwal

    Partnered in: 2013


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    Picsart

    PicsArt Website
    PicsArt Website

    PicsArt is a popular online image editing app. It provides a wide range of features to present a simple photograph in the most creative way possible.

    Founder: Hovhannes Avoyan, Artavazd Mehrabyan

    Founded in: 2011

    Partner: Mike Vernal, Stephanie Zhan

    Partnered in: 2014

    FAQ

    How many employees does Sequoia have?

    Sequoia Capital has around 760 employees.

    What is sequoia capital

    Sequoia Capital is an American venture capital firm.

    Who founded Sequoia?

    Sequoia was founded by Don Valentine in 1972. In the mid-1990s, Valentine gave control of the company to Doug Leone and Michael Moritz.

    Conclusion

    These were some amazing companies that made a mark in the world. Sequoia Capital Investments ventures have shaped these companies’ future for the better. It takes a great ‘eye’ to identify the true potential behind an idea. This venture capital continues to support bright minds with their finances.

    Some recent sequoia capital investments include CoinSwitch Cuber, Pristyn Care, Druva, and Razor pay.

  • The GameStop Story: An Analysis

    The corporate world epitomizes the classic Tom and Jerry cartoon for me. Everyone is chasing someone and then the bigger Dog comes to take the prize away. The story is especially similar in the stock market, and it scripts the rise and fall of many major companies.

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    There is always history being created with the buying and selling of shares. The recent battle between modern-day online investors and multimillion-dollar hedge funds came to light with GameStop. Let us delve into this bizarre tale.

    What is GameStop?
    What is Reddit?
    How is Reddit related to GameStop?
    The technical Terms
    What happened: The story detail
    The Aftermath
    The Significance of the GameStop Rally
    The moral of the story
    Finally, What did Elon Musk do?

    What is GameStop?

    What is GameStop?

    GameStop was officially born in 2000 while tracing its roots to Babbage’s Etc. founded in 1984. GameStop Corp. operates retail outlets specializing in selling video games. Electricals and gaming related merchandise.  The company is headquartered near Dallas, Texas USA.

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    GameStop has the honor of being the largest video games retailer having shops across United States, Canada, Australia, New Zealand, and Europe. It was a successful business model, however with the advent of the online storefront and some failed investments, its fortunes have somewhat declined in the last decade. Also, it hasn’t been doing very well in the pandemic either.

    So what happened that its share price skyrocketed?  Well, that is the story.

    However, we need to understand a bit more about the related parties that played major roles.

    What is Reddit?

    Steve Huffman- The Co-Founder of Reddit
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    Are you on Social Media? Like Facebook or Twitter, well Reddit is also a social platform where users post content. This is then upvoted or downvoted and rankings happen. You can create your own community to discuss or share things that you like, for example, football, technology, or anything specific.

    Any discussion or post also feeds into the main section of Reddit. So, in simplest terms, it is like a giant forum, divided into many sub-forums. Around 500 million people visit the site every month. It lives up to its motto “Front page of the internet” and is the sixth most commonly visited site on the internet.

    How is Reddit related to GameStop?

    Reddit and GameStop relationship

    The important link in this story is a forum on Reddit called wallstreetbets. This community had more than four million members focused on discussing the share market, stock, shares, and investment.

    It was this community that decided to challenge the big investing Hedge funds to create a short squeeze.

    Getting too technical? Let us make it simple.

    We know GameStop was not thriving and with the pandemic, people were more inclined to

    do shopping online, so the position of GameStop was not great. The large traders in the stock market do betting on the performance of such companies doing well or failing. They then borrow shares in these companies and sell them promising to buy these back later. The premise here is that they would be able to buy back at a lower rate and return it to the owner. The investor (hedge Fund) would end up pocketing the difference as profit.

    This would have been the case with GameStop if wallstreetbets had decided not to intervene.

    The technical Terms

    Let us learn the technical terms first and then discuss more details.

    Hedge Funds: Hedge Funds are non-traditional or alternative investments using funds in one portfolio collected from different investors, (Pooled funds) that employ different strategies to earn a profit. They are aggressively managed to have leverage in domestic and international markets to earn high returns. The access is usually for accredited investors only as they are less regulated.

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    Short Selling: Short Selling is a way of profiting when the value of an asset i.e., Gold, Silver, Oil, or shares falls. A short Seller (mainly big investors) borrows stocks or assets from the owner for a token fee. Then, the seller sells it at market price with a promise to buy these back later. The short seller intends to buy it back later assuming these will fall in price. So, they will have to pay a smaller amount. Once bought, it is then returned to the original owner and the seller would have made a profit or loss depending on the value in the market.

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    Short Squeeze: A short squeeze occurs when the price of a stock increases unexpectedly especially when sellers expect it to drop. Thus, they have speculated against it and this forces the traders to buy back at a higher price to avoid losses. But this only creates upward pressure on the price, squeezing it even higher.

    What happened: The story detail

    GameStop was one of the companies that were expected not to perform well and many hedge funds had speculated upon this happening. The share price hit lows of $2.57 in 2020, rising only to about $18.84 by 31st December 2020 as large hedge funds backed the company.

    However, there were many including Melvin Capital, Point72, D1 Capital Partners that were short-selling GameStop anticipating it not to perform well and lose a lot of value.

    At this juncture, a flurry on amateur investors from the Wallstreetbet forum on Reddit called for people to stockpile these shares. And these small-time investors used their spare cash to buy GameStop shares. Thus, pushing the prices up, more than 1500% at one point, they put the value of the company in Fortune 500 List. The share price reached a high of $350 by 27th January.

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    This created a short squeeze in the market causing a loss of billions to Hedge Funds that had bet against GameStop. They had to buy back the shares, creating additional demand and pushing the price even higher. By Friday, hedge funds and other short sellers had made an estimated loss of $19 billion.

    Not only this but other companies lagging in a performance like MC Entertainment, Koss Corp and BlackBerry, also saw sharp gains in their share prices. They were bolstered by day traders as larger investors bet against them.

    The Aftermath

    After the unexpected surge in trading of GameStop shares, many trading platforms like Robinhood and interactive brokers curbed the buying and selling of the US Games firm stocks and other similar stocks. These restrictions caused prices to go down by around 55%. This has caused the small investors to be disgruntled by limitations.

    The Significance of the GameStop Rally

    Short Selling is a common phenomenon in the share market. It is usually big funds and investors fighting over the future of a company. This was probably the first-time small investors have taken the battle to the doorstep.

    This single act demonstrates the power of social media and an organized approach. There is free data available easily and it can be transmitted via social media. A united organized and planned approach by small investors was the cause of major losses to bigger fish in the market.

    For the Reddit forum, it is being touted as their attempt to break teach a lesson to the large investors. A section of the masses states the aim was to create losses for stockbrokers and hedge funds. Many Reddit users are pointing this to be revenge for creating a financial crisis in yesteryears.

    It is very important to remember that these small investors may end up losing funds as the price of GameStop starts downhill, which has already started.

    The moral of the story

    GameStop’s turbulent journey is a clear show of power that organizing and planning via social media can have and its significant reach among people.  It may make the large investing houses think again about betting against a company.

    Andrew Left, head of Citron Research admitted after the GameStop fiasco that there would be a change in how hedge funds and short-selling operate as his company made losses in this deal.

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    The concept of buying and selling stock was a niche to brokers for a long time. However, Share-dealing apps like Robinhood and easy access to information online about companies and trading strategies have opened the field for ordinary small-time investors as well. And They are a force that has to be reckoned with.

    This also raises serious questions about the ethics, morality, and legality of collusion among investors to push prices up. While many people were happy seeing the downfall of giants, we have to remember that short term trading is a reality, whether done by small or big investor. Every penny gained by someone is at the cost of loss to someone.

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    Institutional investors have to be more aware of the mood of the small investor and will have to put in a lot more research into opinions expressed in the forums. Like one short-seller burned by GameStop deal has decided to stop short selling and instead invest in companies with potential for growth rather than bet against them.

    Social Media has emerged as a new influence that can cause massive surges in the market, especially posts by influencers. However, critics warn that one would be wise not to follow these advisories blindly. There is a conflict of interest rife within the investment houses and the expert opinion usually are aligned to one of the companies.

    There has been a surge in amateur investing during the pandemic as people were stuck at home and had time on their hands. They poured time and money into learning more about investing. This has a rippling effect as they trade in stocks and risks without understanding them fully.

    The availability of apps for trading is another grave factor to be considered. While the savvy investor can earn a profit, but inexperienced and ill-informed investors may not only lose funds but also will not be protected by any legislation or law.

    Savart Success Story: Wealth Creation Is Not Difficult | CEO | Networth | Turnover
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Everyone yearns to make money and get rich. But, you simply cannot becomewealthy with that increa…

    Similarly, hedge funds are also less regulated than other funds like mutual funds. The aggressive strategies used by them are not always completely transparent. GameStop incident was seen as a public way to punish the perpetrators of morally dubious practices. There is a clear need for more stringent rules to curb such trading practices.

    Finally, What did Elon Musk do?

    Elon Musk: The Story of The Richest Man In The World
    Today when we talk about the world’s most influential and riches entrepreneur,Elon Musk comes to our minds for sure. He has always been in the news let it behis new venture, his way of working or his net worth. Elon Musk’s tweets catch the attention from masses; be it Elon Musk naming hisbaby X…

    The Tesla Boss enjoys tweeting and has been known to feud with short-sellers. And when he decides to tweet everyone takes notice. He threw in his gauntlet in the fray saying “Here come the shorty apologists. Give them no respect. Get shorty” and another on Tuesday “Gamestonk!!” was enough to send the price up again.

    Side Projects of Elon Musk
    The South African-born American entrepreneur [/tag/entrepreneur/] Elon Musk,(born June 28, 1971 in Pretoria, South Africa) cofounds PayPal as an electronic payment [/tag/payment/] firm, and creates SpaceX, the launch vegetable andspacecraft manufacturer. He has also been one of the first major in…

    The best part? He has links with the forum on Reddit and is affectionately called Papa Musk!