Reddit co-founder says meme stocks' moniker 'charming' but says momentum investing nothing new

cnbc2021-06-10

KEY POINTS "Meme stocks, it is a charming name, but I think at the end of the day, momentum investing is nothing new," Reddit co-founder Alexis Ohanian told CNBC. Ohanian said technology will remain ...

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精彩评论

Lucky03
2021-06-11
Lucky03
It is true that momentum investing has gained popularity.
ZEROHERO
2021-06-11
ZEROHERO
Go with the flow but don’t be the last holding the 💣
xemrunx
2021-06-11
xemrunx
If it is true, people would have dump their money on BB by now.
KK2021
2021-06-11
KK2021
Pls comment and like
- 123321Alex:
  pls like n comment b
- KK2021:
  sure
Fwsh
2021-06-11
Fwsh
Ok
- KK2021:
  pls comment and like
- Fwsh:
  @OreoCrush555 Comment and like pls
Y1968
2021-06-11
Y1968
Who is Reddit co-founder

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It's happened around bars,\" Ohanian said in an interview on\"Squawk Box.\"\"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.\"\n\"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 boardin June 2020.\nThe spotlight on various meme stocks hasbrightened in recent weeks, months after the saga first captured Wall Street's attention in January withGameStopas the most prominent example. Stocks that have recently been touted on Reddit message boards and seen their prices soar,at least temporarily, includeAMC Entertainment,Clover Health, and Clean Energy Fuels.\nOhanian acknowledged professional investors are also jumping in on the action, echoing comments Wednesday from the CEO of market makerVirtu Financial, Doug Cifu, who told CNBC that\"this is not solely a band of retail traders trading these stocks.\"\nEven so, Ohanian said greater involvement in the markets from individual investors is a long-term positive — even though there's risk. \"We absolutely need more financial literacy ... but the thing we have to keep in mind is, this is here to stay,\" he said.\n\"We've crossed Rubicon, and it doesn't matter one platform or another, this is how people are sharing content. They're able to open an app and execute a trade and it's only going to get easier,\" Ohanian added. \"It's only going to get more normal for a generation coming up with this. They're not even going to conceive of the idea of calling a stock broker or, for a lot of folks, hiring a professional.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":181956329,"gmtCreate":1623371619261,"gmtModify":1634034112688,"author":{"id":"3575593817551674","authorId":"3575593817551674","name":"Lucky03","avatar":"https://static.tigerbbs.com/759e5ab6a4a94b481569511ac2bfe116","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575593817551674","authorIdStr":"3575593817551674"},"htmlText":"It is true that momentum investing has gained popularity.","listText":"It is true that momentum investing has gained popularity.","text":"It is true that momentum investing has gained popularity.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181956329","repostId":1102160633,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181988151,"gmtCreate":1623370563673,"gmtModify":1634034141251,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"htmlText":"Go with the flow but don’t be the last holding the 💣","listText":"Go with the flow but don’t be the last holding the 💣","text":"Go with the flow but don’t be the last holding the 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<u>b</u>"},{"id":4674366,"gmtCreate":1623369576795,"gmtModify":1635328706116,"authorId":3575143606799200,"author":{"id":3575143606799200,"idStr":"3575143606799200","authorId":3575143606799200,"name":"KK2021","avatar":"https://static.tigerbbs.com/e57decb2950e37ceb12176c97c9be2c4","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181906254,"type":1,"supId":4674335,"prevId":0,"content":"<u>sure</u>","text":"<u>sure</u>","html":"<u>sure</u>"}],"langContent":"EN"},{"id":181078331,"gmtCreate":1623369113323,"gmtModify":1631891950544,"author":{"id":"3570913608165656","authorId":"3570913608165656","name":"Fwsh","avatar":"https://static.tigerbbs.com/31a4603c04a675a7bc09724b09d6c9f9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570913608165656","authorIdStr":"3570913608165656"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/181078331","repostId":1102160633,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4674300,"gmtCreate":1623369467958,"gmtModify":1631891950560,"authorId":3575143606799200,"author":{"id":3575143606799200,"idStr":"3575143606799200","authorId":3575143606799200,"name":"KK2021","avatar":"https://static.tigerbbs.com/e57decb2950e37ceb12176c97c9be2c4","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181078331,"type":1,"supId":4674179,"prevId":0,"content":"pls comment and <u>like</u>","text":"pls comment and <u>like</u>","html":"pls comment and <u>like</u>"},{"id":4674179,"gmtCreate":1623369261501,"gmtModify":1631891950540,"authorId":3570913608165656,"author":{"id":3570913608165656,"idStr":"3570913608165656","authorId":3570913608165656,"name":"Fwsh","avatar":"https://static.tigerbbs.com/31a4603c04a675a7bc09724b09d6c9f9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181078331,"type":1,"supId":0,"prevId":0,"content":"<a href=\"https://laohu8.com/U/3586302620542803\"> @OreoCrush555 </a> Comment and like <u>pls</u>","text":"<a href=\"https://laohu8.com/U/3586302620542803\"> @OreoCrush555 </a> Comment and like <u>pls</u>","html":"<a href=\"https://laohu8.com/U/3586302620542803\"> @OreoCrush555 </a> Comment and like <u>pls</u>"}],"langContent":"EN"},{"id":181046010,"gmtCreate":1623368820430,"gmtModify":1634034195958,"author":{"id":"3581727244675977","authorId":"3581727244675977","name":"Y1968","avatar":"https://static.tigerbbs.com/f6a22f88deb287b757cb3e60419d2882","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581727244675977","authorIdStr":"3581727244675977"},"htmlText":"Who is Reddit co-founder","listText":"Who is Reddit co-founder","text":"Who is Reddit co-founder","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181046010","repostId":1102160633,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":184,"commentSize":54,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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