![]() GameStop stock fell quickly following its peak around $350 during the January trading frenzy. “I can’t wait for wealth to be given back to the little guy and have everyone benefit from it.” “Apes on Reddit will use (gains) to donate to good causes, pay medical bills, help the needy in their communities,” the user said. Some members of the group have in recent days also discussed donating some of their “tendies” (or earnings) from trading GameStop stock to workers in the gaming retailer’s stores. One WallStreetBets poster said on Monday that the surge in donations to help save gorillas pointed to the benefits of making stock trading more accessible to individuals. WallStreetBets investors sent GameStop’s stock soaring more than 1,500% at one point earlier this year, squeezing hedge funds that had shorted the stock and sparking a conversation about whether individual retail investors’ access to Wall Street is equal to that of large institutional investors. From Cedric Ujeneza/Dian Fossey Gorilla Fund Redditors kicked off an impromptu donation drive for a gorilla conservation organization after a member of WallStreetBets "adopted" this baby gorilla, Urungano, over the weekend. “Used unrealized GME gains to adopt a gorilla,” one WallStreetBets poster said on the site. Since then, Dian Fossey has received thousands of new adoptions and more than $333,000 in donations, compared with around 20 adoptions in a typical weekend, according to a spokesperson. It all started Saturday, when a member of WallStreetBets adopted a baby gorilla named Urungano from the organization on behalf of GameStop. Why gorillas? It’s a bit of an inside joke: WallStreetBets members refer to themselves and others on the page as “apes,” as part of the group’s internal lingo. (AMC) and other meme stocks - rallied over the weekend to use their earnings to symbolically “adopt” gorillas through donations to the Dian Fossey Gorilla Fund. Members of the Reddit group - who gained national attention for their role in pumping up the January trading frenzy of GameStop But its latest investment target isn’t a stock, bitcoin or even NFTs. These gorillas are not habituated to the presence of humans so our trackers follow them from behind at a one-day distance, using nest sites, food remains, footprints and other methods to detect their presence, numbers, travel paths, diets and other important information.The WallStreetBets community is moving beyond GameStop and AMC. As a result, these trackers camp for weeks at a time to protect this vast area. Unlike in Rwanda, where the gorillas are only a several-hour hike from the edge of the park, the gorillas of Nkuba are located deep in the forest, requiring our trackers to walk several days to reach them. Now formally named the Nkuba Conservation Area, we work here with many local families to protect more than 600,000 acres of forest, hundreds of Grauer’s gorillas, chimpanzees, forest elephants, leopards and many other important species. In 2012, the Fossey Fund set up a research and conservation field station in the village of Nkuba at the edge of a pristine forest and conducted intensive surveys of the area to analyze the status of Grauer’s gorillas and other large mammals in the region. Since most Grauer’s gorillas live outside national parks, engaging local communities in conservation efforts is essential. Grauer’s gorillas are found only in the Democratic Republic of the Congo and, unlike their mountain gorilla cousins, are rapidly declining – more than 60% have been lost, primarily to poaching, in the last few decades.
0 Comments
Leave a Reply. |