Fake headlines claim white supremacists bought GameStop shares to 'bankrupt Jewish hedge fund'
Multiple Facebook posts purport to show real headlines from CNN and VICE News articles apparently reporting on white supremacist links to the GameStop trading frenzy. However, the headlines are not from genuine news reports; representatives from both media organisations told AFP Fact Check that they never published such reports and that the names listed on the byline do not match that of any of their employees.
Multiple Facebook pages, for example here on January 28, 2021, posted an image purportedly showing the headlines about about GameStop.
The posts surfaced after a trading frenzy that saw shares in the video game store soar after amateur investors joined forces on social media to make massive share purchases in the struggling firm that wealthy hedge funds had bet against.
The image shows the logo of US-based news channel CNN and a headline saying: “White Supremacist Internet Gamers buy Gamestop stocks to purposefully bankrupt Jewish Hedge Fund on International Holocaust Remembrance Day.”
The byline lists Moshie R. Horowitz as the author.
The GameStop frenzy prompted Robinhood -- a free app which aims to "democratize finance for all" -- to restrict trading in GameStop, before reversing the decision following outrage from investors and lawmakers.
Some social media users used anti-Semitic slurs to criticise Robinhood's move, blaming Jews for "manipulating markets", Newsweek reported.
Contacted by AFP, Matt Dornic, head of strategic communications for CNN Worldwide, said the channel never published the headline circulating on social media and does not employ a journalist by the name of Moshie R. Horowitz.
“CNN did not publish that piece nor do we employ a writer by that name. It’s clear that the image’s creator is trying to pass off anti-Semitism as some sort of satire,” he said in an email. “It’s hateful and disgusting”.
“WallStreetBets and Gamestop: Reddits Lingering White Supremacy Problem (sic),” reads the headline.
The subheading reads: “The stock market has been reeling for the last week with institutional investors being targetted in a campaign that one hedge fund manager says brings him right back to the 1930’s (sic).”
The headline and subheading contain several grammatical errors and spelling mistakes.
The byline lists Seth Goldberg as the author of the piece.
VICE Media articles on the GameStop stock rush fall under its tech desk, ‘Motherboard’. The digitally altered headline does not contain the Motherboard logo as it typically does with VICE’s reporting as seen here and here.
A VICE spokesperson told AFP that the media outlet never published such an article and does not employ a journalist called Seth Goldberg.
“This is a fake article. Seth Greenberg is not a contributor to VICE. Our editors on our Tech/News desks have never worked with him and he is not turning up any search results. It seems like a fake person,” the spokesperson said via email.
The WallStreetBets forum, the subreddit page responsible for the sharp rise in GameStop stocks, was previously criticized for harbouring moderators who posted alt-right content.
The founder of the now-famous forum, Jaime Rogozinski, told the Wall Street Journal he removed a chatroom on Discord messaging platform associated with WallStreetBets due to the extremist content shared on the forum.
UPDATE: This article was updated on February 23, 2021 to attribute comments from VICE to an unnamed spokesperson.