I will start by saying I don’t understand most of the following (or the link) but it feels important.
Basically it seems like a highly mobilised Reddit group has invested heavily in a distressed company (Gane Stop) and by doing this has somehow made hundreds of millions at the expense of professional hedge fund managers by playing their cynical game against them. Hooray!
I think this might be a bubble-pricking moment for Wall Street because it seems madder than mad that stocks have been so buoyant and healthy while every other aspect of life is so shite at the moment. Is this unproductive capitalism eating itself; hoist by its own petard? I do hope so.