Evening Briefing: Amateur traders rock Wall Street
The stock market is being challenged by a rowdy band of Redditors. View in browser | nytimes.com Continue reading the main story January 28, 2021 Your Thursday Evening Briefing By Will Dudding and Marcus Payadue Good evening. Here's the latest. Olivier Douliery/Agence France-Presse — Getty Images 1. Wall Street was shaken by amateur investors , as volatile trading in GameStop and other companies spurred stock trading platforms like Robinhood to put restrictions in place . Robinhood has attracted millions of millennials to its platform by eliminating fees and making stock trading easy for nonprofessionals. Here's what you need to know . Representative Alexandria Ocasio-Cortez, the progressive icon who represents parts of New York, called the move to ban trading of some stocks "unacceptable" because "hedge funds are freely able to trade the stock as they see fit." Our tech columnist Kevin Roose wrote that this week's market chaos — "absurdist, p...