Everyone s got a tip
At the same time, on Instagram, 23-year-old Albert Sampouw - a.k.a @kevin.trades - and his partner, Mihir Sukthankar, promoted their Discord group to their combined 160,000 followers after posting a screenshot of a 563 per cent gain on an AMC investment.
The pair post watch lists and stock opinions on their page for free, but charge up to $2,000 to join a community of 8,000 members called Traders Circle X, where they offer mentoring and post alerts when they buy a particular stock. I don t want to call it advice because we re not professional advisors, 19-year-old Sukthankar said. But the free content that we re putting out, a lot of people in the trading community find value in.
Beyond Reddit, day traders turning social media platforms into squawk boxes
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(Reuters) - Social media chatrooms are beginning to resemble the squawk boxes on old-fashioned trading floors, as a new generation of retail traders continues to gain influence over the stock market.
FILE PHOTO: Reddit mascots are displayed at the company s headquarters in San Francisco, California April 15, 2014. Reddit, a website with a retro- 90s look and space-alien mascot that tracks everything from online news to celebrity Q&As, is going after more eyeballs, and advertising, by allowing members of its passionate community to post their own news more quickly and easily. REUTERS/Robert Galbraith (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)/File Photo
Social stock trading services Public raises $65M Series C
Less than a year after it raised a $15 million Series B, Public, a social-focused free stock trading service, has raised a $65 million Series C.
The startup is not the only company to raise successive rounds this year. Welcome has managed the feat, along with Skyflow and others. Public’s Series C, therefore, fits into the trend of investors doubling down into startups that they think have potential.
After an initial freeze during the early pandemic months, venture capitalists and other investors accelerated the pace at which they deploy late-stage checks to upstart companies. Public’s Series C typifies the tendency, representing just over 72% of its total fundraising to date.
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