Investing
Penny-Stock Peddlers Piling Into Reddit Forum Prompt Rule Change
- Members can no longer promote any newsletters, social media
- Changes come as new users join the online forum in droves
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The explosion in penny stock trading has been so abrupt that a Reddit thread devoted to it has been forced to update regulations to curb user shilling.
“THE RULES HAVE BEEN UPDATED! TAKE NOTE!,” blared a post in r/pennystocks Wednesday night. Among the tweaks were changes to the type of content permitted in the thread and the official banning of cryptocurrency-related chatter.