After small investors organized online to squeeze billions of dollars from Wall Street hedge funds, some establishment actors have come out against the investors.
The investors, mainly organized on the online Reddit forum “r/WallStreetBets,” have been buying shares of the video game retailer GameStop en masse, in the hope that hedge funds that apparently have borrowed large quantities of the stock to “short” it will be forced to buy it back at exorbitant prices, in what’s dubbed a “short squeeze.”
