Twentysomething and male: Britain’s Gamestop traders

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Armchair investors looking to cash in on social media tips are almost entirely male and below the age of 30, according to one of Britain’s largest investment platforms.

An army of investors pushed up the price of Gamestop and AMC Entertainment stocks last month in a coordinated move on the social media platform Reddit. The move countered hedge funds’ bets that shares would go in the opposite direction — a process known as shorting. About 90 per cent of the traders in the two stocks were male and roughly half were under 30, according to the platform AJ Bell.

It highlights the growing number of young, male, armchair investors who are seeking to cash in on surging stocks while also challenging the investment calls made