*Carvana on the verge of bankruptcy* "Yeah I think $182,000 sounds good." *Turns into almost $12 million in under 24 months* Legendary diamond hands. https://t.co/4tUHyVwCBM
Wall Street Bets poster bought $182k of Carvana near its bottom in December 2022 and held position until $11.7m (bought CVNA at under $4 to ~$240). Think the only bigger WSB trade is Roaring Kitty and GME. https://t.co/WwScltID3z
Someone on /r/wallstreetbets turned $182k into $11.7 million longing Carvana at the bottom https://t.co/AZPFsQdOG9




Carvana, which has experienced significant volatility, is on the verge of bankruptcy, having plummeted 99% from its peak in just over a year. However, a notable investor on Wall Street Bets turned an initial investment of $182,000 into approximately $11.7 million by purchasing shares near the stock's low point of under $4 in December 2022 and holding until it peaked around $240. This remarkable trade is being compared to other legendary trades in the meme stock community, particularly the well-known GameStop investment by Roaring Kitty. Meanwhile, Lumen Technologies is also facing scrutiny, with suggestions that it should have filed for Chapter 11 bankruptcy last year. Despite this, Lumen's stock has surged to a market valuation of nearly $10 billion, largely attributed to its unexpected rise as an AI meme stock.