Futu, Tiger Brokers land in ‘nerds vs Wall Street’ battle as social media users take on hedge funds over shares of GameStop, AMC

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Futu Holdings and Tiger Brokers, the online stockbroking platforms backed by two of its China’s largest technology companies, have been caught up in David-versus-Goliath battle half a world away that pits legions of social network users against some of Wall Street’s most powerful hedge funds.The two brokers restricted customers, mostly millennial traders in mainland China and Hong Kong, from buying new shares of GameStop and AMC Entertainment Holdings on the New York Stock Exchange yesterday…

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