2 Min Read
(Reuters) - Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move its founder said was an unjustified response to conversations that have buoyed shares in GameStop Corp and other companies.
Slideshow ( 2 images )
GameStop, AMC Entertainment Holdings Inc and BlackBerry have been at the centre of a market battle as individual investors coordinating on social media, including Reddit, and using trading apps such as Robinhood, bought shares and squeezed hedge funds that had bet big the companies would fall.
Allen Tran, a 23-year-old from Chicago who created Robinhood Stock Traders, said he woke up on Wednesday to a notification that Facebook had disabled the 157,000-member group. The notification, seen by Reuters, said without detail that the group violated policies on “adult sexual exploitation”.
Facebook shuts stock trading group after GameStop frenzy Toggle share menu
Advertisement
Facebook shuts stock trading group after GameStop frenzy
A 3D-printed Facebook logo is seen in front of a stock chart in this illustration taken on Nov 3, 2016. (Photo: Reuters/Dado Ruvic)
29 Jan 2021 10:55PM (Updated:
29 Jan 2021 11:02PM) Share this content
Bookmark
SAN FRANCISCO: Facebook took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move its founder said was an unjustified response to conversations that have buoyed shares in GameStop and other companies.
GameStop, AMC Entertainment Holdings and BlackBerry have been at the centre of a market battle as individual investors coordinating on social media, including Reddit, and using trading apps such as Robinhood, bought shares and squeezed hedge funds that had bet big the companies would fall.
Robinhood taastas GameStopi aktsiate ostmise err.ee - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from err.ee Daily Mail and Mail on Sunday newspapers.
Facebook Reverses Ban Against Virginia Gun-Rights Group
Refuses to provide details on suspensions but reverses them A VCDL bus in Richmond, Virginia on January 18, 2021 / Facebook Stephen Gutowski • January 25, 2021 5:05 pm
SHARE
Facebook reinstated several accounts connected to a leading Virginia gun-rights group one week after suspending its pages without explanation.
Philip Van Cleave, president of the Virginia Citizens Defense League (VCDL), told the
Washington Free Beacon on Monday his Facebook account had been restored along with those of other VCDL leadership and the group s official page. Facebook suspended and deactivated several of its accounts in the lead-up to the group s lobby day