Robinhood, Reddit App Downloads Surge as Investors Take on Wall Street

Robinhood, Reddit App Downloads Surge as Investors Take on Wall Street

3 years ago
Anonymous $K6XgmDN5_o

http://www.newsweek.com/robinhood-reddit-app-downloads-wall-street-bets-apple-android-charts-1565399

The mobile apps for stock trading service Robinhood and the messageboard website Reddit surged this week as amateur investors on the platforms shook Wall Street by pouring money into companies in the crosshairs of short sellers.

As U.S. hedge funds continued to face an army of Redditors from the r/WallStreetBets community on Thursday, statistics released by Apptopia, Inc. suggested that at least some companies at the center of the storm were benefiting from the attention.

Robinhood, Reddit App Downloads Surge as Investors Take on Wall Street

Jan 29, 2021, 4:26pm UTC
http://www.newsweek.com/robinhood-reddit-app-downloads-wall-street-bets-apple-android-charts-1565399 > The mobile apps for stock trading service Robinhood and the messageboard website Reddit surged this week as amateur investors on the platforms shook Wall Street by pouring money into companies in the crosshairs of short sellers. > As U.S. hedge funds continued to face an army of Redditors from the r/WallStreetBets community on Thursday, statistics released by Apptopia, Inc. suggested that at least some companies at the center of the storm were benefiting from the attention.