Millennials break hedge funds
The headline Rebecca Quick, CNBC, and wallstreet don’t want to publish.
Shoutout to twitter user @migbike for making this article possible.
There is a speculative bubble that will burst, caused by angry social media users v. speculative shorters.
It started when reddit users from r/reddit decided to yolo their investments into GameStop ($GME) due to big firms shorting it.
This is a reverse story of David and Goliath, as David is sitting in the throne unpunished from the greed that caused the 2008 recession, was struck by angry redditors who decided to fight back.
Melvin Capital already folded, because goliath slept no more and decided to #OccupyWallstreetTrades
The original #Occcupy movement failed and now random people of the internets, united against Wallstreet are piling in, putting value in different companies to liquidate the shorters.