AI-POWERED INVESTMENT APP QOOORE OFFERS TO BUILD A NEW RELATIONSHIP WITH WALL STREET BETS
After Wall Street investors had made bets against GameStop, AMC, and Koss., the WallStreetBets Reddit forum's members invested large numbers into those companies. In a week's time, GameStop's stock rose 420%, Koss is up 1,800%, and AMC increased 280%. Simultaneously, Wall Street investors have lost billions of dollars, which has led to more share trading.
Robinhood, whose motto is "democratize finance for all," halted purchases for GameStop and other stocks on Thursday. Qooore has a different perspective on the issue. The situation with stock markets at the moment is highly intriguing. The Robinhood's actions were highly unethical and led to strong division between the hedge funds and stock players. Their message was that they want to inform their users. Qooore wants to change the scene and instead of informing their users, they want to educate them. That's why Qooore is planning to build an ethical platform which will unite all the players of the stock game. In order to do so, Qooore wants to invite the representative of Wall Street Bets to become their Board Member.
We believe young investors should have a freedom of choice. Robinhood protected the rich hedge fund investors and threw its amateur investors overboard, jeopardizing its entire business. Our idea is for the Wall Street Bets to help us create a whole new ethical and democratic platform through joining our Board of Members and advising us.