Next Gen Day Traders.

Examples include beaten-down stocks with low share prices such as automaker Ford; momentumdriven stocks such as Tesla; stocks with a big following on Reddit such as GameStop and movie theater chain AMC Entertainment; and shares of companies that have filed for bankruptcy. In the worst-case scenarios, critics say, gamification can encourage impulsive and risky trading behavior, such as concentrating holdings in a few stocks rather than diversifying; trading too frequently as opposed to investing for the long haul; and blindly pushing prices up to lofty levels with no business rationale to do so. The same technology that got them hooked on video games such as Minecraft and Grand Theft Auto is now built into trading apps offered by Robinhood, Chinese-owned rival Webull and other upstarts that make stock trading feel a lot like playing a game on Xbox. Day traders plowed into the stock, driving it up 887.5%, to $5.53, in just nine trading sessions - despite the fact there was a chance the stock could go to zero. [Extracted from the article]