GameStop frenzy could lead to ‘great new era’ in the stock market
Kadina Group president Gary B. Smith, FOX Business’ Susan Li, and Price Futures Group senior analyst Phil Flynn on the future of the stock market after the GameStop and Robinhood frenzy.
Popeyes is trying to cash in on the headlining short-selling stock craze with a chicken tenders promotion.
Continue Reading Below
“Let’s get these tendies,” Popeyes tweeted on Monday while tagging the accounts of WallStreetBets Mod, GameStop, AMC Theatres, Nokia and Blackberry.
GAMESTOP STOCK PRICE FRENZY: WHAT TO KNOW
“Tendies aren’t for the elite few. They’re for everyone,” the tweet’s attached video reads, which says Popeyes is giving away a free three-piece serving of chicken tenders for orders made in the app that amount to $5 or more.
Four promo codes are available for redemption, which can be used at select locations through Feb. 2, according to the chain’s offer terms.
ROBINHOOD HIT WITH 2 LAWSUITS AFTER RESTRICTING GAMESTOP, AMC TRADES
Popeyes' promotion comes at a time when Reddit users caused a storm after they drastically drove up the stock price at GameStop, AMC Entertainment, BlackBerry and other struggling publicly-traded companies.
|AMC||AMC ENTERTAINMENT HOLDINGS INC||13.30||+0.04||+0.30%|
The organized move has caused trading platforms to put restrictions or temporary pauses on impacted stocks, which has subsequently led to day traders filing lawsuits against Robinhood, TD Ameritrade, Charles Schwab and Interactive Brokers.
GAMESTOP, AMC GYRATIONS HIT CHARLES SCHWAB, TD AMERITRADE WITH OUTAGES
Some Reddit users have taken the Popeyes “Tendies4Yall” promotion to mean that the fried chicken chain is showing support for WallStreetBets, which is a subreddit that has more than 7.9 million members and is the group that greatly contributed to the piled stocks.