Markets

Billionaire investor Leon Cooperman blasts the Reddit-trader revolution as ‘baloney’ — and says Warren, Sanders, and AOC shouldn’t be deciding the market rules

Billionaire Leon Cooperman said the idea of Reddit traders targeting the wealthy is “all baloney.” The investor said market ethics have been weakening for a long time and the rules need to be followed. “The last thing we need is Elizabeth Warren or Bernie Sanders or AOC getting involved in […]
Billionaire investor Leon Cooperman blasts the Reddit-trader revolution as ‘baloney’ — and says Warren, Sanders, and AOC shouldn’t be deciding the market rules
Tech

Robinhood says it doesn’t monitor social media stock discussions. One lawmaker called such posts a ‘serious threat to our financial system.’

Robinhood’s CEO said the trading platform doesn’t monitor social media discussions about the stock market. The GameStop frenzy was largely fuelled by social media sites like Reddit. The Nasdaq monitors social media in order to spot market manipulation. Visit the Business section of Insider for more stories. Robinhood CEO Vladimir […]
Robinhood says it doesn’t monitor social media stock discussions. One lawmaker called such posts a ‘serious threat to our financial system.’