The Wall Street Journal

Who Really Got Rich From the GameStop Revolution?

When Reddit became the rowdy center of the investing universe last January, its co-founder called the frenzy a “revolution” and a “chance for Joe and Jane America, the retail buyers of stock, to flex back and push back.” Maybe one day, he mused, the members of Reddit’s WallStreetBets forum could do more than just ambush hedge funds–they could outperform those highly-paid investors. The rookies who transformed videogame retailer GameStop into the hottest stock on the planet thought they had a twofer: sticking it to Wall Street while making a bundle themselves.

Leave a Reply

Your email address will not be published.