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Alex Sherman from cnbc said that The online network of communities has been thrust into the spotlight this week after a group of investors on its one of its forums — WallStreetBets — inspired a large group of retail investors to buy shares of GameStop, AMC and other heavily shorted companies. Shares soared, causing trading brokerage Robinhood to temporarily restrict option buying in certain equities, though it has re-opened in a limited capacity.
The Reddit community describes itself as “Like 4chan found a Bloomberg terminal illness.” That’s a precarious description these days. Donald Trump supporters used so-called “dark web” forums and others like 4chan to plot the details around the Capitol Hill insurgency that led to Trump’s impeachment and the death of five people. Given those events, the idea of young, potentially disgruntled people using a community to push a mob-driven theme can rub people the wrong way. As CNN noted, “Posters revel in their crudeness; homophobic epithets are tossed around as terms of affection.”
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