Joining Asking for a Trend to discuss his outlook on the role of"trolls" in the markets is Nathaniel Popper, journalist and author of"The Trolls of Wall Street."
According to a Thursday post on Reddit, Keith Gill A K A Warren Kitty is now one of gamestop's largest shareholders.He currently holds more than 9 million shares of the video game retailer. Nathaniel Popper is a journalist and the author of the trolls of Wall Street, how the outcast and degenerates are hacking the markets and he joins me now, Nathaniel.Story continuesIt's June 2024 Nathaniel and we are still talking about it when I started writing this book about the, the trolls as I, as I call them, you know, I have to say, I, I didn't think it was going to be alive in quite this way.
But since 2021 you know, since that moment in 2021 when gamestop first really took off, uh you've got, you've gotten millions of more people into the markets and what's happened over time is that they've actually j in, in broad terms, moved away from the most speculative plays and from meme stocks.
So this is taking sort of retail traders and removing, removing the mutual funds, removing retirement investing, just looking at individual stock purchases.