It was a flash mob.
Akin to teens ransacking a shopping mall.
The lesson to be learned here is that when you make something easy for any nitwit with an IQ of 70 to do, you often have no control over the results.
I hope everyone in America sees the lesson here.
Good for the GameStop deplorables.
Yeah, the reddit action was mostly peaceful, and most of the hedge fund guys harmed are wealthy white males. I don’t see how the government can [without hypocrisy] do anything about it.
Except that they didn't steal the stocks, they bought them fair and square.
It's more like they Cloward-Pivened the stock. They bought them so fast that they overwhelmed the system and jacked up the price (due to demand) too fast for the hedge fund managers to respond.
-PJ
Their problem is, they didn’t use:
/r/BlackWallStreetBets
or
/r/GenderFluidWallStreetBets
Some mobs matter more than others.
Well, except ransacking a mall is illegal and buying stocks is not.
Not quite.
Think more Penny Auctions of the 1930s.
It was people moving to protect a company they valued and not wanting to see it broken.
Game Stop is not the only game in town but it is a big player, allowing people to buy and sell games that they did not want any more.
They annoy CommiZon.
And young people like games.
And the dear little hedge fund managers can just eat it. No mustard.