Reddit traders wage battle against Wall Street | Curio

Reddit traders wage battle against Wall Street

8 mins | Jan 30, 2021

The latest siege on Wall Street. GameStop, the retail video games shop, saw its shares price rocket to unforeseen heights after a group of amateur traders organised their efforts via Reddit to "flush out two hedge funds that were running negative bets on the stock," leaving investors and former regulators concerned over the rising impact on the broader market. Eric Platt and Colby Smith report for the Financial Times.

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From Financial Times