The former Daily Show host tweeted for the first time on Thursday to defend the Redditors.
“This is bulls***,” Stewart said of criticism faced by the amateur investors.
“The Redditors aren't cheating, they're joining a party Wall Street insiders have been enjoying for years. Don't shut them down ... maybe sue them for copyright infringement instead," he joked.
Referencing the financial crisis of 2007-2008, he added: “We've learned nothing from 2008.”
Stewart ended his message with the sign-off “love, StewBeef”.
The account has now been verified, and Stephen Colbert, a real-life friend of Stewart’s, retweeted the message and wrote: “Well, one thing changed since 2008 – a friend of mine joined Twitter.”
A few hours after his first tweet, Stewart posted again, this time writing: “Thanks for the warm welcome! I promise to only use this app in a sporadic and ineffective manner.”
His account now has 686,300 followers, and his profile picture features a black dog.
Stewart hosted The Daily Show from 1999 to 2015. Since then, he has directed the political comedy film Irresistible, released in June 2020, and has advocated on behalf of 9/11 first responders and veterans.
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