The furor surrounding GameStop and its stock price has consumed social media, business television, and the hopes and dreams a many retail investors. After noting reports that some traditional brokers were limiting access to GameStop and other so-called meme stocks, TechCrunch was curious what the newer, app-based investing services were doing for their own users. A spokesperson for M1 Finance, a Midwest-based consumer fintech player that offers a basket of banking and investing services -- more on its growth here and here -- told TechCrunch via email that it wasn't taking "specific" steps regarding individual stocks.
And there goes Wall Street's reflation trade.
Here's an FAQ about what's going on with the market and what "Wall Street Bets" is.