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From Reddit investors to wildlife conservationists

Gorillas, pangolins and others have ability to be extinct The animals are getting help from a surprising source: small merchants have benefited from this year’s popular GameStop event. Many have donated profits from the stock market to conservation groups.

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The biggest winners? Gorillas. In normal times, the Dian Fossey Gorilla Foundation can get 20 new adoption pledges (this is a sponsorship deal – gorillas don’t come live with you) for one weekend. But more than 3,500 acceptance pledges have been made since last Saturday, many of them fictitious pledges making fun of hedge fund managers.

Related: IKEA buys forest land in Georgia for conservation

This $ 350,000 investment in gorillas has been pleasing preservation organizations. Dr. Tara Stoinski, president, chief operating officer and chief scientific officer of the Fossey Fund, said: “The support that has come to our organization, as well as others, is amazing. “One of the biggest challenges in conservation is not having enough finance for the challenges we face in the field.”

New conservation philanthropists comes from the WallStreetBets subpage, the same people responsible for GameStop’s stock price increase earlier this year. When a large group of small investors bought stock, it raised value to them while rejecting returns to the hedge funds, who planned to gain from GameStop’s failure.

Some investors have chosen elephants over gorillas. Sheldrick Wildlife Trust operates a rescue center for orphans elephant in Kenya, among other conservation efforts. Last weekend, it received a $ 10,000 surprise donation. “It was definitely a new base of support for us, one for which we are extremely grateful,” said trusted member Amie Alden. “We currently have more than 90 dependent orphan elephants in care and that is a costly undertaking.”

Other beneficiaries of this new breed of conservation include the Marine Turtle Conservation Society Florida, Project Orangutans, lynx, wolves, pangolins and polar bears. Even the bulls got some favorites, as some investors noticed the bulls being applied as a reference to the bull market. Many conservation programs have been hit by the pandemic, especially if their work is based on tourism, so Reddit philanthropists are particularly appreciated.

Through The guardian



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