Beyond Reddit, day traders turning social media platforms into squawk boxes

FILE PHOTO: Reddit mascots are displayed at the company's headquarters in San Francisco, California April 15, 2014. REUTERS/Robert Galbraith/Files

(Reuters) - Social media chatrooms are beginning to resemble the squawk boxes on old-fashioned trading floors, as a new generation of retail traders continues to gain influence over the stock market.

While attention has focused on the Wallstreetbets Reddit page that helped send shares of GameStop Corp and AMC Entertainment Holdings Inc soaring, thousands of "amateur" investors have also been congregating on Facebook, Instagram, WhatsApp, Signal, Telegram, Discord, Clubhouse, Slack and other platforms to trade tips away from the public eye, posts shared with and seen by Reuters show.