It also provided an early roadmap for WallStreetBets, a forum of amateur day traders who used Reddit to incite the stock market frenzy. Ohanian, who stepped down from Reddit’s board last year, and his co-founder Steve Huffman latched on to the populist argument. “I’m going to take a long break and focus on my student loans before I think about stocks again." Smith, the Reddit user and former GameStop shareholder, had never day-traded before getting sucked into WallStreetBets about a year ago. Smith bought some stock in GameStop on Jan. 27 and then more over the following week.

Source: Mint February 07, 2021 14:47 UTC