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World

Who are the Reddit traders?

30 January 2021

3:42 AM

30 January 2021

3:42 AM

The anarchic traders of Reddit stunned stock-markets this week, boosting the share price of struggling retailer GameStop by some 400 per cent.

It’s the latest stunt from WallStreetBets – an infamous Reddit page for novice millennial traders (which was featured in The Spectator last February).

But who are the Redditors behind the great Wall Street coup? Here’s what we know:

RoaringKitty

Roaring_Kitty_.jpgRoaringKitty (YouTube)

The initial interest in GameStop has been credited to YouTuber and Redditor ‘RoaringKitty’ who has been plugging the stock as a value buy since September 2019, just after its shares slumped to an all-time low of $3.

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