Who uses social media for financial advice? Lots of people, actually
GameStop may have brought widespread attention to Reddit’s finance community, but it is just the tip of the iceberg
This week GameStop, an American video game retailer, became the most traded security in the world thanks to Reddit users.
Specifically, thanks to the now more than 5 million users who make up r/WallStreetBets. The Redditors are currently in a head-to-head war with hedge funds over who has the right to manipulate the financial market, in a saga which has brought Republican Ted Cruz and progressive Alexandria Ocasio-Cortez on to the same side, backing the Redditors.