A surprising new survey finds that 58% of institutional investors — the professionals who trade on behalf of banks and pension funds, the so-called “smart money” — admit to having made an investment decision based on information from Reddit. Of those familiar with the popular, gossipy social media site, 46% of those polled expect to use the platform more in the next year and about 50% considered Reddit to be of “high importance” in stock evaluations, reported the Brunswick Group.
The number of job openings in the United States fell to 10.8 million in January, down from an upwardly revised 11.23 million in December, the Bureau of Labor Statistics reported Wednesday as part of its monthly Job Openings and Labor Turnover Survey, or JOLTS. At the same time. private businesses added more jobs than forecast in February, according to ADP.
Translating CNN: 'Let's encourage pump & dump schemes which harm naive first time investors.'
Despite being ridiculed by some for their unorthodox approach to investing, they have demonstrated a remarkable ability to band together and drive up stock prices.
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