April 11, 2021
Business News

Kevin O’Leary starts day trading Reddit-favored stocks to see if he can beat robo-advisor returns – CNBC

Kevin O’Leary, co-founder of O’Shares ETFs, told CNBC on Wednesday he’s started to day trade alongside users of Reddit’s WallStreetBets forum in hopes of better understanding the online community that played a key role in the recent GameStop short squeeze.
In an interview on “Squawk Box,” O’Leary said he put $10,000 into an account with the popular brokerage app Robinhood and said he joined Reddit to “ride with the herd.”
“There’s a whole new sheriff in town and they’re not stupid,” said O’Leary,…

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