Firm attracts new clients drawn by retail trading frenzy on social media
The frenzy of stock market trading linked to “meme stocks” such as GameStop has helped the investing website IG Group attract a record number of traders.
Retail investors piled into shares including GameStop, a US video game retailer, after users on the social media website Reddit banded together to raise its price. The share price surge drew massive interest, including from people who had never invested before, as retail investors hoped for the chance of giving Wall Street a black eye.
