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Meet the fin-fluencers: Raised on social media, fueled by boredom and flush with stimulus checks - scores of newly-minted zillennials are shaking up the stock market on TikTok
The TikTok hashtag #stocks has amassed three billion views on the mobile video app as more and more millennials and Gen Z turn to the platform to learn about the stock market
These amateur investors have put day trading back in vogue after experiencing the March Covid-19 stock market crash and its record-fast recovery - all they know is that stocks always go up
The investment strategy of many Gen-Zers and millennials is to buy high-risk momentum stocks - and a speculative fever has taken over social media in a frenzy of meme-stocks viral financial advice
Retail investors are flocking to Discord amid the Reddit day-trader revolution
Emily GraffeoFeb 13, 2021, 20:16 IST
Discord appShutterstock
WallStreetBets captured the market s attention for weeks as Reddit traders squared off with hedge funds, but retail investors are increasingly gathering on another platform.
Discord has become a highly active hub for retail traders to discuss trading strategies, investing tips, and options alerts.
Insider spoke with one user who said he has reaped an 850% return since August after learning from other uses, while another runs a VIP trading chat where members can pay for exclusive alerts.
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While Reddit s WallStreetBets forum dominated market headlines in January as day traders challenged Wall Street short sellers to pump the price of GameStop stock, an emerging class of investors are increasingly finding their way to Discord.