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What Wall Street can learn and must fix from the GameStop fiasco

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Rafael Henrique | LightRocket | Getty Images

The past two weeks have seen an astonishing number of allegations about the motives of the main actors in the GameStop drama. 

The players include the WallStreetBets forum on Reddit, the Robinhood trading app, long-short hedge funds, politicians, and regulators, to name a few. 

However, to equate this event with the other issues facing our country – the pandemic, social unrest, economic despair and political discord – is a false equivalency. 

It is an attempt to right one injustice with another. In short, it is a canard – a decoy to lure attention from the real risk of the GameStop short squeeze and the accompanying spike in other,…



Source cnbc.com

Reddit trades besides GameStop also crater — AMC, silver take big hits

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