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Reddit investors are using GameStop money to help protect endangered animals

by Justin MacLachlan

Not all heroes wear hats or suits, and Wall Street Bates investors have spent some of their earnings on donations to endangered animals including – gorillas, turtles, wolves and elephants.

Hundreds of thousands of dollars have been spent helping endangered animals by users of Reddit’s WallStreetBets trading subsystem, giving animal and conservation organizations hope again after a tough year. Watchman mentioned.

The WallStreetBets subreddit earlier this year bought small amounts of stock on its GameStop retail store Much, This caused the price to increase significantly due to the number of short positions on the stock.

Many small investors have decided to spend at least some of their earnings on animal protection centers around the world in an offer of charity and possibly to offset some of these gains for tax purposes.

A few large donations have been made to the following organizations: The Dian Fossey Gorilla Fund, which has received over 3,500 adoptions worth $ 350,000 (£ 252,000), and Gorillas has also been adopted in Virunga National Park in the Democratic Republic of the Congo.

Also included is the Sheldrick Wildlife Trust, which operates a center to save orphan elephants in Kenya, and received an extraordinary $ 10,000 donation increase. Other organizations that have benefited from donors include – the Florida-based Sea Turtle Conservancy and the Orangutan Project in Australia.

Redditors also adopted pangolins, lynx, wolves, bears, bulls, marine life, and polar bears according to Watchman.

Of course, in typical Wall St Bets pattern the group has taken over the hedge funds. Several donations have been written to fictional names, including “F * ck Melvin capital” and “Jim Cramer’s Tears.” Trolling aside, those who have participated in donating animal protection services are heroes.

Source: Unleash your mind


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