discord

discord

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The instant messaging and social networking platform Discord acquired Gas, a popular mobile app with around 1 million daily active users, for an undisclosed amount this week. It’s the growing platform’s latest attempt to reach beyond the gamers that have come to rely on it as an essential daily communication tool, a goal for which it secured $100 million in new funding back in 2020.

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Andria Moore

This week, the FBI indicted eight men, two of whom reside in Beverly Hills, for allegedly using Discord and Twitter to artificially raise stock values in an illegal “pump and dump” scheme.

According to the indictment released Wednesday, the accused made an estimated $114 million off the sale of stocks they pumped up in a Discord server called Atlas Trading. The defendants were also active on financial Twitter (referred to as, “fintwit”), where influencers use social media to spread misinformation about stocks.

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