Reddit Inc. Chief Executive Steve Huffman on Sunday reiterated his praise for the r/WallStreetBets forum that sent Wall Street “meme stocks” reeling in recent weeks — though he said he doesn’t get his own financial advice there.
At a congressional hearing last week, Huffman said he was proud of Reddit’s role in the frenzy that sent shares of GameStop Corp.
and AMC Entertainment
among other heavily shorted stocks, skyrocketing. After falling back to earth, GameStop stock surged again last week, shooting up 150%, again attributed to Reddit chatter.
In an interview with “Axios on HBO”