(Edward Morgan) Amateur investors managed to beat Wall Street at its own game, so the rich and powerful swiftly made it clear that their favorite gambling parlor is not for the riffraff. If you missed that story, here’s a quick catch-up.
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Jimmy Kimmel Insinuates That Gamestop Short Squeeze Traders Are ‘Russian Disruptors’
(Ian Miles Cheong) Building upon long-debunked conspiracy theories about Russian collusion with the Trump administration, Kimmel joined in the growing chorus to disenfranchise efforts by Reddit’s WallStreetBets community.
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The GameStop Saga: The Retail Investors Strike Back
(William Sullivan) Hedge fund managers are currently learning a lesson the hard way. As reported by Reuters, hedge fund Melvin Capital Management “suffered heavy losses by betting against video game retailer GameStop.”