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meme stocks: blaming short sellers for your scam
(www.forbes.com)
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this post was submitted on 28 Dec 2023
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For all the talk about "sticking it to Wall Street", it's quite likely that most of the biggest "winners" in the GameStop mess were Wall Street types. Either trading for their employers or trading in their personal accounts.
IIRC, some people pointed out at the time that this particular trade was quite sophisticated - probably orchestrated by people who knew what they were doing and who understood that the hedge fund they wrecked had acted in a particularly dumb/risky way. I guess with this kind of information, another hedge fund could have pulled that off just as easily as the people from WSB on Reddit.