told CNBC on Thursday that the meme stock frenzy — which traces its roots to the online forum website he helped create — is what happens when momentum investing is amplified by technology.
"Really, the existence of people getting whipped up and excited about a stock has happened, you know, it's happened around barbershops. It's happened around bars," Ohanian said in an interview on"Retail investors have just never been able to jump on an opportunity in real time, and this is what it's like in the age of ubiquitous social media."
"Meme stocks, it is a charming name, but I think at the end of the day, momentum investing is nothing new," added Ohanian, who in 2005 co-founded Reddit alongside current CEO Steve Huffman. Ohanian, now a venture capitalist, stepped down from Reddit's board last
I'm shocked let a guest on knowing his positive thoughts on meme stocks. Overall CNBC is a joke. And they take AMCPARTY AMC AMCAPES like a joke. Well joke's on you, we own 98% of this stock. And it's only going up. In summary....F U and jimcramer
This is healthy and needed disruption!! Is a positive polar shift!!! A generation hungry for the truth and questioning this idea of the status quo!!! A courageous generation wanting to level the playing field so that it is equal to all the players!!! It’s common sense!!!
horrible
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Source: WSJ - 🏆 98. / 63 Read more »