Pop Culture

Jon Stewart Slams Wall Street and Stands Up for Redditors in Twitter Debut

The former 'Daily Show' host is now on Twitter. In his first tweet, he shared his take on the ongoing controversy surrounding Reddit-inspired stock surges.

goat
Image via Getty/Mike Coppola/The Bob Woodruff Foundation
Getty

Could 2021 include some top-tier tweeted takes from none other than Jon Stewart, whose once-ubiquitous pop culture presence has been deeply missed for years?

As you may have noticed on your timeline this morning, the former Daily Show host has arrived on Twitter to share his thoughts on the ongoing controversy surrounding the Reddit-inspired stock surge of GameStop and other companies. Stewart, in an apparent reference to those (including Robinhood and others) whose responses to the boom have been widely panned, said "this is bullshit" in a tweet shared Thursday night.

"The Redditors aren't cheating," he said, adding they're simply "joining a party Wall Street insiders have been enjoying for years." Instead of making moves to shut them down, Stewart joked, they could "maybe sue them for copyright infringement." The StewBeef-signed tweet also included mention of the 2007/08 financial crisis, which notably occurred during Stewart's Daily Show years.

A few hours later, Stewart thanked Twitter for the "warm welcome" and vowed to only tweet "in a sporadic and ineffective manner" moving forward.

Ultimately, Robinhood partially walked back its decision earlier this week to restrict trades after getting widespread criticism, notably from political leaders including Alexandria Ocasio-Cortez.

Shortly before markets opened on Friday, the Securities and Exchange Commission said it will "act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws."

Stewart, of course, hasn't exactly disappeared since his Daily Show tenure came to a close. While his near-daily dose of politics-centered satire are behind him, he's made appearances on Stephen Colbert's Late Show and just last year wrote and directed the Steve Carell-starring Irresistible.

Related Stories

robinhood
life

AOC, Ted Cruz, and More Agree That Robinhood's Decision to Block GameStop, AMC Trades Is 'Unacceptable'

Alexandria Ocasio-Cortez said on Thursday that she would support a hearing on Robinhood's controversial decision "if necessary." Ted Cruz swiftly agreed.

Trace William Cowen1923 days ago
Wall Street bull
life

Meme Stock War Stories: From GameStop Diamond Hands to Robinhood’s Reversal

Heavy short-selling of GameStop stock has made a group of Redditors rich and challenged Wall Street. Here is one trader's account of the rise of meme stocks.

Harvey Esguerra1923 days ago
GameStop
life

GameStop's Surge on the Stock Market, Explained

Shares of the video game retailer are now up by about 1,700 percent since the beginning of the year. And it's all thanks to a group of stock savvy Redditors.

Joshua Espinoza1924 days ago

Stay ahead on Exclusives

Download the Complex App