Friday, 29 January 2021

Reddit co-founder calls GameStop frenzy a 'bottom-up revolution,' shifting power to small investors

Reddit co-founder calls GameStop frenzy a 'bottom-up revolution,' shifting power to small investors

Reddit’s Alexis Ohanian said Thursday that the GameStop stock-trading frenzy, originating in large part on the online platform he helped create, is a turning point in the U.S. investing landscape.“I do think this is a seminal moment. I don’t think we go back to a world before this because these communities, they’re a byproduct of the connected internet,” Ohanian said in a “Squawk Box” interview. “Whether it’s one platform or another, this is the new normal.”
Read more: https://www.cnbc.com/2021/01/28/reddit-co-founder-alexis-ohanian-calls-gamestop-frenzy-a-bottom-up-revolution.html?source=Snapzu

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