Data: Who Really Traded GME? And What Happened to Them?

Wealthsimple makes powerful financial tools to help you grow and manage your money. Learn more

There’s been no shortage of takes about what the GME/meme stock phenomenon was, how it happened, and what it means. People were lemmings and flung themselves into the abyss and lost their life savings! Millionaires were minted! Everyone who jumped onto the bandwagon was a novice who just downloaded a trading app out of a desperate sense of FOMO!

Since we happen to run the largest (and only) no-commission stock trading app in Canada, it turns out we have a lot of data about who the GME traders were and what happened to them. So we looked into it. Herewith, the story of GME trading in five graphs:

Toronto Star: “Millions of amateur investors took part in a trading frenzy that sent the stock prices of several unsuspecting companies soaring.”

New York Times: “Amateur traders egging on one another on Reddit bet heavily on shares of the company in January.”

Business Insider: “GameStop, AMC, and other Reddit darlings rebounded on Wednesday as retail investors banded together to "hold the line." The phrase has become a popular rallying cry on the Wall Street Bets subreddit among day traders hoping to preserve recent gains."

Washington Post: “As GameStop stock crumbles, newbie traders reckon with heavy losses.“

Yahoo! Finance: In two short weeks, GameStop and AMC stock investors have gone from the new Wall Street kingmakers to naïve newbies. As Reddit-fueled stocks fell back to earth, young Reddit investors watched in dismay as their heat-seeking investments turned to dust.”

WEALTHSIMPLE TRADE

Commission-free stock trading

Wealthsimple Trade makes it easy to buy and sell thousands of stocks and exchange-traded funds.

inline cta

All data is aggregated and anonymous Wealthsimple Trade user data, from the time period January 15, 2021 to February 12, 2021. Investment experience is self-reported by Trade users.

Wealthsimple uses technology and smart, friendly humans to help you grow and manage your money. Invest, save, trade, and even do your taxes in a better, simpler way.

Money + the World

"BURNOUT HAS BECOME OUR BASE TEMPERATURE. WE’RE THE BURNOUT GENERATION."

Anne Helen Petersen explains how things are different for the generation the world seems to love to hate.

subscribe

Get the best stories from our magazine every month

Sign up for our email newsletter

  • Money & the World

    Why Are Stock Market Numbers So Wacko Right Now?

    Because the stock market isn't the economy. Ben Reeves, Wealthsimple’s Chief Investment Officer, explains why things like unemployment are so terrible while the stock market has spent the past months at or near record highs.

  • Money & the World

    The Long-Term Economic Disaster of Cash Bail

    We spoke to Robin Steinberg of The Bail Project and Colin Doyle from the Criminal Justice Policy Program at Harvard Law School about how the cash bail system fuels and funds mass incarceration — and how it wreaks havoc on society.

  • WEALTHSIMPLE TRADE

    Commission-free stock trading

    Wealthsimple Trade makes it easy to buy and sell thousands of stocks and exchange-traded funds.

    see-more cta
  • Money & the World

    We Asked Our Resident Stock Market Genius About the Animal Crossing Economy

    Is the economy built by the creators of Animal Crossing functional? Can you learn anything about the actual economy from it? Will a boar come and deliver turnips to us in real life anytime soon? We turned to Ben Reeves, CIO of Wealthsimple, to help us understand the world (both virtual and real).

  • Money & the World

    What the Hell is Actually Going on in the Economy Right Now?

    A conversation with Wealthsimple’s Chief Investment Officer and resident economic genius about what’s happening in the market, how crazy things could get, and what you can do about it. (Hint: help everyone stay healthy.)

WEALTHSIMPLE TRADE

Commission-free stock trading

Wealthsimple Trade makes it easy to buy and sell thousands of stocks and exchange-traded funds.

full cta

Our best stories, once a month.

Sign up for our newsletter

The content on this site is produced by Wealthsimple Technologies Inc. and is for informational purposes only. The content is not intended to be investment advice or any other kind of professional advice. Before taking any action based on this content you should consult a professional. We do not endorse any third parties referenced on this site. When you invest, your money is at risk and it is possible that you may lose some or all of your investment. Past performance is not a guarantee of future results. Historical returns, hypothetical returns, expected returns and images included in this content are for illustrative purposes only. By using this website, you accept our (Terms of Use) and (Privacy Policy). Copyright 2020 Wealthsimple Technologies Inc.

;