Reddit traders wage battle against Wall Street
GameStop, a games retailer whose shares have been sent flying by gangs of traders co-ordinating moves on Reddit, sits at ground zero of a battle that has shown these have-a-go investors are no longer just a sideshow.
New York | An army of amateur traders has launched a siege on Wall Street that has shaken up markets and left seasoned hedge funds reeling.
This new legion of day traders, equipped with free trading platforms, spare cash, and boredom, has set its sights on a growing list of US-listed companies over the past several weeks.
Financial Times
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