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GME had a market cap below $1B between April and November 2020[0], and somehow DFV could still make his posts. The rules didn't say that the limit was $1B in S
by iso8859-1 6y ago
GME had a market cap below $1B between April and November 2020[0], and somehow DFV could still make his posts.
The rules didn't say that the limit was $1B in September,[2] that was only added later.[1]
[0]: https://www.macrotrends.net/stocks/charts/GME/gamestop/market-cap https://www.macrotrends.net/stocks/charts/GME/gamestop/marke...
[1]: https://www.reddit.com/r/wallstreetbets/about/rules https://www.reddit.com/r/wallstreetbets/about/rules
[2]: https://web.archive.org/web/20200912192940/https://www.reddit.com/r/wallstreetbets/about/rules https://web.archive.org/web/20200912192940/https://www.reddi...
- zeusk 6y agoGME however was a fallen titan. Also, being a sub member since 2014 - pennystocks were always frowned upon.
- WoahNoun 6y agoThis is a case of needing more explicit rules to enforce the intent of the ambiguous existing ones. >any other worthless securities that are susceptible to scams or pump & dump schemes. As for GME, Penny stock designation technically requires that the stock not trade on a major exchange. GME was never de-listed.
- tekknik 6y agoPenny stock designation has nothing to do with exchange listings, that’s OTC. Penny stock designation starts when the stock price is $5 or below.