Reddit

The Mob is the Market

The last couple of weeks have seen a flurry of news in the finance world about GameStop. Given the wide coverage, I’m going to assume readers will be somewhat familiar with the story. But to briefly recap, an unorganized group of retail investors on Reddit’s /WallStreetBets/ noticed that GameStop’s stock was being targeted by hedge funds with massive short positions; so Reddit users started buying up GameStop shares in an effort to drive up the…


By: Devin Rose