Nearly 60% of institutional investors used Reddit for investment calls

Nearly 60% of institutional investors said they have used information on Reddit for an investment decision, according to the results of a newThe investment advisory firm surveyed 257 US and European institutional investors – professionals who trade for banks, hedge funds and pensions – and found that 58% have used Reddit.

"Reddit continues to grow as a platform for investment advice with more than 33 million finance conversation threads on the site, which has caught the attention of institutional investors," Brunswick said.

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