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Posted On: 01/29/2021 12:15:50 PM
Post# of 127404
Reddit chat room briefly went private on Wednesday
“
Wallstreetbets” Reddit chat room, where retail investors marshal against short sellers, briefly went private on Wednesday evening, limiting access to outsiders.
The community gathered an army of rookie day traders who go after heavily shorted stocks, pushing share prices higher and squeezing out short-selling hedge funds. The forum’s members topped three million as of Wednesday.
The forum became public again as of 7:45 p.m. ET. However, the moderators locked the popular GameStop thread, preventing users from posting new comments.
https://www.cnbc.com/2021/01/27/reddit-group-...ee%20milli
“
Wallstreetbets” Reddit chat room, where retail investors marshal against short sellers, briefly went private on Wednesday evening, limiting access to outsiders.
The community gathered an army of rookie day traders who go after heavily shorted stocks, pushing share prices higher and squeezing out short-selling hedge funds. The forum’s members topped three million as of Wednesday.
The forum became public again as of 7:45 p.m. ET. However, the moderators locked the popular GameStop thread, preventing users from posting new comments.
https://www.cnbc.com/2021/01/27/reddit-group-...ee%20milli
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