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Reddit trading forum hits a glitch

Ann Maria Shibu and Kanishka Sing

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A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday (Thursday AEDT) after moderators of a stock trading forum that has helped fuel massive rallies in the shares of GameStop temporarily closed its doors.

Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only. They pared those losses around an hour later, when the forum opened back up.

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Reuters

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    Original URL: https://www.afr.com/wealth/investing/reddit-trading-forum-hits-a-glitch-20210128-p56xh1