Reddit, Discord, and Social Media Trading Are Nothing New: I Should Know Groups of traders acting together have been around forever, but the nature of it changes from time-to-time. Stocks quotes in this article: GME, AMC
Recently there has been a tremendous amount of news coverage about small traders on Reddit and in various Discord chatrooms that engineered a dramatic squeeze in GameStop (GME) , AMC (AMC) , and several other stops. The group has also pushed up numerous low-priced stocks in groups like cannabis and bitcoin.
This social media-driven trading has been reported as a new development in the business media. Many of the leaders of those gathering places for traders are celebrating their newfound power.