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Finance’s biggest players speak out in defence of Reddit traders and GameStop mania

Here’s what Elon Musk, the Winklevoss twins and Steven Cohen have been saying about the GameStop short-selling saga

By

Emily Nicolle

US Democrat Alexandria Ocasio-Cortez, who sits on the House financial services committee, said trading apps such as Robinhood should face a hearing over a decision to block retail investors from purchasing stock
US Democrat Alexandria Ocasio-Cortez, who sits on the House financial services committee, said trading apps such as Robinhood should face a hearing over a decision to block retail investors from purchasing stock Photo: Getty Images

A number of major figures in the worlds of finance, technology and politics have spoken up in favour of retail investors flooding into heavily-shorted stocks, as hedge funds battle to stay afloat.

Retail traders, originating from a group called WallStreetBets on online forum Reddit, have been piling into shorted stocks such as GameStop, AMC, BlackBerry and Nokia in recent days.

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