Fake Stocks in a Fake Stock Market?
The GME buying frenzy instigated by the Wallstreetbets Subreddit provoked a completely disproportionate response from The Powers That Be. Major Finance pundits started warning against buying GME on their talk shows. For the first time ever, a coordinated (but illegal) effort was made by retail brokerage apps to restrict the buying of the shares. It is clear that some hedge funds had a lot to lose. But Reddit user johnnydaggers proposes a theory of something even more sinister.