A group of Reddit users under the Reddit post r/WallStreetsBet has bankrupt hedge funds company over night. These hedge fund companies are betting in the stock market, targeting GameStop's stock by betting against the company to fail in order to make a quick buck. However, earlier this week a group of Redditters came together to boost GameStop's stock causing several hedge funds company to go bankrupts.
This is a practice that the rich has been using since the beginning of the stock markets to squeeze company's out of the stock market business causing companies to shut down and many employees to lose their jobs. Once the stock market notice that their rich friends are losing money, the first thing they do was shut down all trading and selling on GameStop's stocks.
Apparently it's only okay if the stock market work out for the rich, but when the script is flip to benefit the regular people it immediately became a crime. I expect the news media to make the Redditters to look like the bad guys. What do you guys think?