Money Stuff

Money Stuff: Reddit Posters Pick the Stocks Now

I am biased because I work in the media, and use Twitter, but I cannot shake the assumption that the people pumping stocks on Reddit’s r/wallstreetbets board are in it for the attention. Now obviously they are in it for the money. They are in the business, or at least the hobby, of buying stocks, pumping them up on Reddit, and then, I suppose, profiting. But aren’t they mostly in it for the attention? Now they have a Bloomberg Businessweek cover story. Is that not enough? You have won, “posters with handles such as OverthrowYourMasters and yolo_tron.” You have received your tendies of media attention. Now can it stop?

I don’t know, here’s Luke Kawa at Businessweek: