 "Photo: Reuters")
Facebook took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move its founder said was an unjustified response to conversations that have buoyed shares in GameStop and other companies. The group has 157,000 members.
GameStop, AMC Entertainment Holdings, and BlackBerry have been at the centre of a market battle as individual investors coordinating on social media, including Reddit, and using trading apps, such as Robinhood, bought shares and squeezed hedge funds that had bet big the companies would fall. The Facebook notification said without detail that the group violated policies on “adult sexual exploitation”.
GameStop, AMC Entertainment Holdings, and BlackBerry have been at the centre of a market battle as individual investors coordinating on social media, including Reddit, and using trading apps, such as Robinhood, bought shares and squeezed hedge funds that had bet big the companies would fall. The Facebook notification said without detail that the group violated policies on “adult sexual exploitation”.
