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GameStop, Meme Stocks Get Boost from Social Media Bots, Says WallStreetBets Trading Cybersecurity Experts

28 February 2021, 9:55 pm EST By PiiQ Media has recently released a report that claims to have discovered social media bots to play a massive role in the recent GameStop stock market climb, along with other Meme stocks in Reddit s platform. The r/WallStreetBets has been a sensationalized and highly trending stock trading event during the start of 2021, resulting in massive gains for these companies. (Photo : Photo by Spencer Platt/Getty Images) NEW YORK, NEW YORK - SEPTEMBER 16: People pass a GameStop store in lower Manhattan on September 16, 2019 in New York City. GameStop has announced that they will be closing between 180 and 200 stores before the end of the fiscal year due to a drop in sales.

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The Reddit-GameStop-Robinhood saga is heating up

Things are heating up on Wall Street as the Reddit clan and Robinhood traders battle the system over GameStop, AMC and others.

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GameStop shares fall after Robinhood block WallStreetBets Reddit traders

‘allowing people only to sell is the definition of market manipulation.’ Others encouraged other investors to hold their positions, reasoning that Robinhood and other brokers sought to incentivize users to sell their stocks to bring GameStop and other surging stock prices down. Also joining the fray was famed Barstools founder, David Portnoy who blasted Robinhood, accusing the company of siding with the Wall Street establishment over ordinary people who are just trying to get rich. ‘And it turns out @RobinhoodApp is the biggest frauds of them all. “Democratizing finance for all” except when we manipulate the market cause too many ordinary people are getting rich.’

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FED injected a huge amount of liquidity to prevent a depression, but all it did was create a speculation frenzy Similar speculation led to the 1929 crash, which resulted in a horrific bear market where people starved – Investment Watch

FED injected a huge amount of liquidity to prevent a depression, but all it did was create a speculation frenzy Similar speculation led to the 1929 crash, which resulted in a horrific bear market where people starved – Investment Watch
investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.

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