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Allen Tran, trader and founder of the
Facebook, Inc. (NASDAQ: FB) discussion group Robinhood Stock Traders, claims his group has been shadowbanned on Facebook for more than a month and is one of several large trading groups that have been negatively impacted by changes to how these groups are treated by Facebook’s search algorithm.
Multiple Bans: Tran’s group has more than 160,000 members, and he first ran into problems with Facebook back in January when his group was banned for being a “dangerous organization.” Upon Tran’s appeal, Facebook reinstated the group.
Tran’s next run-in with Facebook happened on Jan. 27 during the height of the WallStreetBets-fueled
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Dine-in restaurants reopened at 25% capacity in New York over the weekend, and analysts are expecting a sharp rebound in struggling restaurant stocks this year.
Danielle Shay, director of options at Simpler Trading, said Friday that one restaurant stock to watch in the near-term is short squeeze candidate
Jack in the Box Inc. (NYSE: JACK).
Watching Jack In The Box: The WallStreetBets-fueled
GameStop Corp. (NYSE: GME) short squeeze has traders looking for short squeeze opportunities elsewhere. Shay told CNBC that Jack in the Box could be the best potential short squeeze play in the restaurant group.
“I like Jack in the Box here, but for a short-term options trade. Jack in the Box is right up near previous all-time highs. It has high short interest. Normally I don’t like trading tickers near highs, but with something like this that has high short interest it does have the potential for a short squeeze,” Shay said.