Individual stock traders coordinating their behavior on Reddit have sent Wall Street into an absolute tailspin: A hedge fund has gone bankrupt while some traders have made actual millions.
Users in on the stock-pumping action have a few options for trading stocks. While most users use the trading app Robinhood, another app, called Cash, is also reaping the benefits.
As users report, Robinhood seems to be attempting to get a hold on the free-for-all by blocking some trades of stocks the community is targeting for pumping, such as GameStop and AMC. But Robinhood is not the only option: The financial app Cash also enables extremely easy stock trading. Read more…
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