Meme stock frenzy, ’90s day trading


The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on Friday.

“There’s no comparison between the day traders of 1999-2000, and that first transition into online trading, than what we’re seeing today,” said Sosnoff, who in 1991 co-founded Thinkorswim.

“It’s completely different” from the far superior trading technology offered by the online brokerage industry nowadays to commission-free trading, he said on “Squawk Box.” “Remember back then, you basically got chopped alive with the bid-ask…


Mudrick Capital no longer owns debt or equity in AMC, sources say

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