While Reddit hosts more than 430 million monthly active users in over 100,000 communities who discuss everything under the sun, there was one financial subject that cut through the online chatter this year: Cryptocurrency.
The massive social network dropped its Reddit Recap 2021 this week, which rounds up the most popular posts, topics and conversations on its platform over the past year. And cryptocurrency was hands down the most popular topic on Reddit in 2021, with people mentioning “crypto” 6.6 million times. There are also more than 500 cryptocurrency communities on Reddit, and the five most popular ones this year were r/dogecoin, r/superstonk, r/cryptocurrency, r/amcstock, and r/bitcoin.
Cryptocurrencies including Dogecoin DOGEUSD,
Read more: Google’s 2021 Year in Search: AMC and GME stocks, Dogecoin, stimulus checks and shortages dominated queries
Whats’s more, a recent Rover.com survey found that pet owners are actually naming their dogs “Doge” and their cats “Bitcoin.”
And a group of crypto investors named ConstitutionDAO tried making history last month by crowdfunding more than $40 million to bid on a rare copy of the U.S. Constitution. Alas, it lost out to Citadel founder Ken Griffin, who spent $43.2 million on the historic document.
Reddit notes that the rise of these retail and crypto investors looking to game the system has had real-world impact, such as the GameStop GME,
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“From r/wallstreetbets and the crash of the One Simple Wish website, to the Battle of the Joshes, in 2021, the most notable moments on Reddit were when redditors took their comments, comradery, conversations, and more from URL to IRL,” Reddit staff wrote in a blog post.
Reddit’s year-end review notes that users created 366 million posts over the past year, which was a 19% increase year over year. And as of Nov. 9, 2021, Reddit drew more than 2.3 billion total comments and 46 billion upvotes; aka when users show their approval for a post by clicking an “up” arrow, which pushes the post toward the top of the site so that more people can see it.
The three most upvoted Reddit posts of the year came from the retail investors on the WallStreetBets, and the Superstonk page (which describes itself as discussing GameStop stock specifically) saw a 917K% increase in subscribers year over year.
Those eager to learn more about the sometimes volatile world of meme stocks can check out MarketWatch’s MemeMoney column and weekly MemeMarkets videos on YouTube. Or stay up-to-speed with cryptocurrency market news here.
And amid the Great Resignation, the r/antiwork subreddit has exploded. The number of “idlers” (aka members) in this community for “those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on antiwork ideas and want personal help with their own jobs/work-related struggles” spiked 279% this year.
This video highlights the “oddities and commodities” discussed on Reddit this year, such as meme stocks like AMC AMC,
Check out the full Reddit recap here.
Shares of Ford Motor Co. undefined dropped 2.0% in morning trading Thursday, after the auto maker reported a 17.1% year-over-year decline in total U.S. auto sales in December, to 173,740 vehicles. Truck sales dropped 15.5% to 91,699 and SUV sales fell 11.1% to 77,377 vehicles, while sales of electrified vehicles surged 121.1% to 12,284 EVs. For 2021, Ford said its EV sales grew 36% faster than the segment overall for the year, and its total EV sales was second only to Tesla Inc. undefined. Within trucks, Ford said December F-Series sales fell 15.7% to 62,496, Transit sales slumped 45.3% to 8,521 and Ranger sales fell 29.2% to 6,992. Within SUVs, Explorer sales dropped 20.6% to 20,715, Edge sales slid 8.7% to 11,456 and Escape sales shed 38.4% to 10,704. For cars, Mustang sales declined 7.5% to 4,564. Ford's stock has run up 66.8% over the past three months, as it closed Tuesday at the highest price since Aug. 10, 2001, while shares of rival General Motors Co. undefined have climbed 19.8%, Tesla's stock has hiked up 45.4% and the S&P 500 undefined has advanced 10.0%.
Nicole Lyn Pesce is a social media reporter at MarketWatch and is based in New York.