WallStreetBets is now reshaping financial markets: Non-professional market participants, or retail investors, are doing the work traditionally performed by financial advisers and analysts.
The easy answer as to why trading was halted relates to the stock’s ‘volatility’ after its dramatic climb in recent weeks. But it could also mean something fishy is going on.
A small band of Reddit users have driven GameStop shares to incredible highs at the expense of multi-billion-dollar hedge funds.
While institutional investors are selling stocks, retail investors are buying. They may not understand the risks.
The rush of ‘amateur’ investors into the stock market has regulators worried. Maybe they shouldn’t.