Freezing access and changing terms of trading fits my perception of a manipulative Wall Street when finding themselves on the "short" end of a Stock Market crisis. Now that professionals are losing billions, they're looking for government regulation to help stop the bleeding.
An overall Stock Market fix has been needed for quite some time. Too bad it takes billionaires to feel the crunch before calling for fairer and safer trade regulations. Who knew Reddit could be so game-changing. When smaller retail investors lose money due to a market crisis, nobody comes to their rescue. Keep an eye on the fallout from this folks, you're gonna see Atlas Shrug.
I'm not versed in stock market manipulations and volatility enough to give an accurate account of exactly what's going on with the "GameStop" pop. Here's an article from Wall Street Journal that does.
The power dynamics are shifting on Wall Street. Individual investors are winning big—at least for now—and relishing it.
An eye-popping rally in shares of companies that were once left for dead including GameStop Corp. GME -28.88% , AMC Entertainment Holdings Inc. AMC -49.25% and BlackBerry Ltd. has upended the natural order between hedge-fund investors and those trying their hand at trading from their sofas. While the individuals are rejoicing at newfound riches, the pros are reeling from their losses. Cont'd reading...
NBCnews - Redditors took on hedge funds and won
MarketWatch - The GameStop pop
cnet - Reddit Fueled Rollercoaster
Listen to podcast of How Reddit chat room 'gamed the stock market:
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