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Reddit CEO defends platform’s role in GameStop stock surge

Reddit CEO defends platform’s role in GameStop stock surge

Steve Huffman, CEO of Reddit, defended the role the discussion platform in the surge of GameStop shares last month. Testifying before a Congress panel, Huffman said Reddit didn’t detect any significant bot-driven activity on the WallStreetBets subreddit. In January, Redditors triggered a buying frenzy last month for undesirable stocks. At one point, GameStop stocks surged to 2,700% of its value.

Tom A
Tom A
Bart
Bart 3 months

Redit is just a leftist echo chamber at this point. No point in using it.

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