Reddit Trolls Beat the Stock Market, and the Elites Are Really, Really Mad

AP Photo/Richard Drew

This is one of those stories that’s so good that you have to double check it’s not parody.

The talk of the stock market right now involves GameStop (among other stocks) and a group of Reddit users that decided to play Wall Street’s own game against them. If you don’t understand stock trades, it can be a bit in the weeds, but the general idea is simple. A bunch of hedge fund managers shorted stock trying to make money. In response, a group of Reddit users banded together to legally buy up those stocks and squeeze the short.

This has some hedge funds in dire financial straits because there’s insufficient money to borrow and keep the short afloat.

Excuse my laughter, but there will be no bail out. The market is a risk and these hedge funds lost their bet. That’s just how it goes.

Here’s a thread with a really concise explanation of what’s going on here. Click through and read it all for the play by play.

Glenn Greenwald also points out that the elites are really, really mad that the normies would dare play the stock market, and it’s absolutely hilarious.

Bingo. These Reddit users did nothing illegal. They simply played the same game hedge fund mangers play every day to make a lot of rich people even richer. Yet, the markets are now shutting down trades in order to protect the elite class. I’m not usually a class-warfare kind of guy, and I have nothing against people getting rich, but this is absolutely ridiculous to me. When you design and use a system to benefit yourself, don’t complain when it gets used against you.

They are going to manipulate things anyway, though.

Here’s a little more commentary on the matter, including the idea that it’s nazis doing this because it’s always nazis.

Let this be a reminder that you are lesser than your elitist betters. They get to manipulate the stock market and make money at will. But if you try it, the markets will shut you down and claim you are nazis.

Anyway, I’ll end this with some memes for your viewing pleasure.

Reddit shutting down the stock market just because they can is absolutely peak 2021, and I’m here for it.