“Individual investors should have access to the same tools and resources the big firms have, and should follow the same rules.
But Senvest didn't go with expert analysts this time. It talked to management, researched competitors and looked at activist involvement in the stock and ended up buying GameStop's stock
Basketball legend took millions in losses after Reddit users organized to buy shares in the video games retailer GameStop
"In the last six months, its stock price has grown by 8,000% because a bunch of amateur investors, maybe even some Russian disruptors, who are part of a Reddit community called WallStreetBets, decided to buy a bunch of GameStop shares," Kimmel said.
“WSB is single-handedly bringing down Wall Street. Power to the f*cking people. I’m so proud of all you illiterate retards,” one of the forum users wrote Monday, linking to a news story explaining that GameStop’s “short sellers” lost $1.6 billion