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.

Reddit CEO defends platform’s role in GameStop stock surge

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