wallstreetbets

Reddit day traders wanted to beat Wall Street to prove the system is rigged. Instead, they did it by losing.

Reddit day traders tried to beat Wall Street at its own game to prove that the system is rigged. Instead, brokerages locked them out and their holdings tanked, while some hedge funds still won big. Experts said Wall Street’s reaction showed just how stacked the deck is against small investors. Visit the Business section of … Read more

‘Big Short’ investor Michael Burry paved the way for the GameStop frenzy when he bought a stake in 2019. Here’s the story of Burry’s game-changing bet.

Michael Burry of “The Big Short” laid the groundwork for the GameStop short squeeze. The Scion Asset Management boss purchased a stake in the video-game retailer in 2019. He also pushed for changes in three letters to GameStop’s bosses. “The Big Short” investor Michael Burry unknowingly lit the spark that ultimately led to the GameStop … Read more