Redditors use GameStop proceeds to help protect gorillas

[FfFfFfFF 58,135]

Gorillas, elephants, pangolins and sea turtles have been handed a lifeline by amateur investors who played the stock market at its own game.

Hundreds of thousands of dollars have been spent helping endangered animals by users of a Reddit trading tips community, giving conservation organisations across the world a much-needed financial boost during a difficult year.

The money came from users of the WallStreetBets subreddit, who earlier this year bought small volumes of shares in the retailer GameStop en masse. “The support that has come to our organisation, as well as others, is amazing,” said Dr Tara Stoinski, tpresident, chief executive and chief scientific officer for the gorilla fund. “One of the biggest challenges in conservation is just that there’s not enough funding for the challenges we face on the ground.”

As well as money, the influx of donations has brought welcome public attention to the trust’s work. “A lot of people just aren’t aware that gorillas are such at-risk species and that we could lose them,” said Stoinski.

https://www.theguardian.com/environment/2021/mar/18/reddit-investors-use-gamestop-proceeds-adopt-thousands-gorillas-aoe

[bionic 50,111]

We love a philanthropist Maybe the first social good Reddit has created  

[Nano 3,744]

how very magnanimous!  also i'm sure it is a great tax write off! 

hopefully this will offset the thousands of dollars they'll have to pay in short term capital gains tax 

[elijahfan 27,484]

This really warmed my heart... Maybe humankind isn’t completely revolting after all.