How Reddit Made Wall Street Lose Billions
So why GameStop? “To a normal person that doesn’t make any sense. But to a Wall Street mathematician, that’s the game that’s been played. And that game came undone,” he said. And because they’re doing such a good job, “That edge is gone. “What it proves is this retail [investor] phenomenon is here to stay. There are [5.9] million people inside WallStreetBets. I think they are as important as any hedge or collection of hedge funds....