Jon Stewart, who just recently joined Twitter, has praised a group of small investors on Reddit for taking on Wall Street by causing GameStop s shares to skyrocket over the past few days.
By Sagarika Jaisinghani, Shriya Ramakrishnan and Anna Irrera (Reuters) - An army of retail investors that has routed Wall Street s professionals in recent days was dealt a blow on Thursday, after online brokerages restricted trading in red-hot GameStop and other stocks that had soared this week. But the shares rebounded in after hours trading, resuming their advances after Robinhood Markets Inc and Interactive Brokers said they planned to lift the restrictions on Friday. Retail investors, celebrities and policymakers had denounced Thursday s restrictions and participants in online forums seethed, accusing the trading platforms of seeking to protect Wall Street s interests at the expense of smaller investors.
GameStop, the video game retailer whose 1,700% rally has been at the heart of the slugfest in the past week.
BENGALURU: An army of retail investors that has routed Wall Street s professionals in recent days was dealt a blow on Thursday, after online brokerages restricted purchases of red-hot GameStop and other stocks that had soared this week.
But the shares rebounded in after hours trading, resuming their advances after Robinhood Markets Inc and Interactive Brokers said they planned to lift the restrictions on Friday.
Retail investors, celebrities and policymakers had denounced Thursday s restrictions and participants in online forums seethed, accusing the trading platforms of seeking to protect Wall Street s interests at the expense of smaller investors.
âBoomers no longer control the market,â says 16yo Reddit trader
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A Melbourne high school student and active member of the notorious WallStreetBets social media forum has lashed Robinhoodâs decision to restrict trading activity by its customers, but experts say Australiaâs market integrity rules would prevent it ever coming to that.
Dan Tadmore, 16, joined the Reddit forum WallStreetBets in April last year, shortly after Victorian Premier Daniel Andrews brought forward school holidays amid the escalating pandemic.
Dan Tadmore is a 16 year old year 11 student at an elite private school and has been a member of the notorious Wallstreetbets Reddit forum for 9 months. âBoomers no longer control the market,â² he says.Â
Yet on inauguration day,
CBS journalist Major Garrett hailed Joe Biden’s healing tone in dealing with the left/right divide, comparing it to that of a Priest reading from the Bible:
The beginning had a soaring rhetoric. A tiny bit at the end. The middle it sounded like a homily. A breaking down of all this big language to simple colloquial terms. ‘I’m just talking to you. I’m in this vaunted position.’ But like a priest explaining something from the Bible or something. ‘I m breaking it down for you so we can all have a common language and a common understanding.’”