WHAT WE KNOW:

A horde of traders on Reddit that see themselves as sticking it to the establishment by hunting for heavily shorted stocks is adding billions to the wealth of some of the world’s ultra-rich.

HEADLINES:

• Reddit Day Trader Army Fattens Fortunes of the Super-Rich

• GameStop Mania Reveals Power Shift on Wall Street and the Pros Are Reeling!

• The Reddit forum that’s freaking out Wall Street briefly went dark, sparking yet another frenzy

• Two Wall Street Firms Took Huge GameStop Losses After Admitting Defeat To Reditors

VIDEOS:

GO DEEPER:

Due to the in tents load the sub was put under today from our explosive growth 🚀 the mod team has been working behind the scenes to get r/wallstreetbets back up. Please 🌈🐻 with us during this trying time. pic.twitter.com/5DaeTk4OIr

— wsb mod (@wsbmod) January 28, 2021

Hedge fund managers & government officials sitting in their ivory tower crying about $GME. Meanwhile, there are millions of unemployed people who can’t afford dinner because government cant pass stimulus.

— WSB Chairman (@WSBChairman) January 28, 2021