FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

Finance’s biggest players speak out in defence of Reddit traders and GameStop mania

Here’s what Elon Musk, the Winklevoss twins and Steven Cohen have been saying about the GameStop short-selling saga

By

Emily Nicolle

US Democrat Alexandria Ocasio-Cortez, who sits on the House financial services committee, said trading apps such as Robinhood should face a hearing over a decision to block retail investors from purchasing stock
US Democrat Alexandria Ocasio-Cortez, who sits on the House financial services committee, said trading apps such as Robinhood should face a hearing over a decision to block retail investors from purchasing stock Photo: Getty Images

A number of major figures in the worlds of finance, technology and politics have spoken up in favour of retail investors flooding into heavily-shorted stocks, as hedge funds battle to stay afloat.

Retail traders, originating from a group called WallStreetBets on online forum Reddit, have been piling into shorted stocks such as GameStop, AMC, BlackBerry and Nokia in recent days.

WSJ Logo
Judge Halts Trump Order Targeting Law Firm Perkins Coie

Judge Halts Trump Order Targeting Law Firm Perkins Coie

CEOs Don’t Plan to Openly Question Trump. Ask Again If the Market Crashes 20%.

How Europe’s Military Stacks Up Against Russia Without U.S. Support

Ukraine Turns Tables With Cease-Fire Proposal, but Putin Has Little Incentive to Sign

Paul Hastings Hires Top Kirkland Dealmaker to Lead M&A Practice