Gary B. Smith, president of the Kadina Group, Susan Li of FOX Business and Phil Flynn, senior analyst at Price Futures Group, on the future of the stock market after the GameStop and Robinhood frenzy.
Popeyes tries to cash in on the headlining craze in short selling with a chicken quote request.
“Let’s take these tendies,” Popeyes tweeted Monday, tagging WallStreetBets Mod, GameStop, AMC Theaters, Nokia and Blackberry accounts.
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Tendies are not for the elite. They’re for everyone, ”reads the tweet’s accompanying video, stating that Popeyes is giving away a free three-part portion of chicken quotes for orders placed in the app for $ 5 or more.
There are four promo codes available for redemption, which can be used at select locations until February 2, according to the chain’s offering terms.
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Popeyes’ promotion comes at a time when Reddit users caused a storm after drastically boosting stock prices at GameStop, AMC Entertainment, BlackBerry, and other struggling publicly traded companies.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 225.00 | -100.00 | -30.77% |
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 13.30 | +0.04 | + 0.30% |
| BB | BLACKBERRY LIMITED | 14.63 | +0.53 | + 3.76% |
The organized movement has led trading platforms to place restrictions or temporary pauses on affected stocks, which has subsequently led to day traders filing lawsuits against Robinhood, TD Ameritrade, Charles Schwab and Interactive Brokers.
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Some Reddit users have followed the Popeyes “Tendies4Yall” promotion to indicate that the fried chicken chain is showing support for WallStreetBets, a subreddit with over 7.9 million members and the group that contributed immensely to the stock accumulation.
Fast food chain Popeyes Louisiana Kitchen has launched a free chicken tenders promotion that requires an in-app purchase of $ 5 or more. The promo is said to be in support of day traders but is open to everyone. (iStock)
“Popeyes is with us !!!” a Redditor posted in the WallStreetBets subreddit Monday with a screenshot of the fried chicken chain’s tweet.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| STOCK: QSR | after | after | after | after |
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A statement sent to FOX Business by a Popeyes media representative confirmed that the chain is on the side of day traders.
“As you know, Wall Street has been turned upside down in the past week as day traders found a way to outsmart the market. Tendies is the word that retailers use on websites like Reddit to describe money or financial gain – and in our world, it’s also short for chicken tenders, ”Popeyes said. “After last week’s events, Popeyes, the beloved brand of fried chicken, wants to support retailers and think they ALL deserve tendies. Popeyes takes the side of the people and hopes that by supporting the online community, it will inspire others to take a stand. “
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Paul Conner and Audrey Conklin from Associated Press and FOX Business contributed to this report.