best part of the gamestop thing is iirc there were signs gamestop was probably gonna have an upswing if they survived the pandemic anyways. so what r/wallstreetbets did was completely rational, literally just buying low with the hope of later selling high. the fact they did it collectively makes no real difference; stock brokers act collectively all the time.
but rich hedge funds got mad because they wanted to keep gamestop’s prices artificially low so they could keep short-selling it, and they didnt expect a bunch of poor people to organically, spontaneously unite and all do the thing that, again, basic principles of capitalism & the stock market would indicate is the best thing for them to do.
and yet every economist and financial analyst in the nation is saying a bunch of people not only playing by the rules of capitalism but doing so more in the spirit of the rule than most actual stock brokers is a disaster for capitalism.
