News > Facebook shuts popular stock trading group amid GameStop frenzy

Facebook shuts popular stock trading group amid GameStop frenzy

Indian Express | 29/01/2021 11:54 AM | Click to read full article

Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move that its founder on Thursday described as backlash for conversations buoying shares of GameStop Corp and other companies this week.

“We were first on the picking tree to be cut off because we are on Facebook, not a free platform like Reddit,” said Tran, a 23-year-old from Chicago who created Robinhood Stock Traders, referring to the typically lighter moderation on the discussion website.

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