The popular small investor online forum WallStreetBets (WSB) had been on average producing sound investment advice, a team of researchers concluded.
The Reddit forum, now sporting over 10 million subscribers, gained spotlight after many of its users organized to buy GameStop stock earlier this year, starting a buying spree that boosted stock price of the video game retailer tenfold. The impact has drawn attention of establishment market players, lawmakers, and regulators.
