The GameStop Story You Think You Know Is Wrong
Reddit investors are not new populists descended from the radicals of Occupy Wall Street.
Updated at 11:02 a.m. ET on February 3, 2021.
The story you might have heard goes like this: A group of regular-Joe traders on Reddit took down a hedge fund by bidding up the stock price of the sleepy video-game store GameStop. Their righteous revolution was briefly thwarted last week when Robinhood, the popular brokerage app, restricted trading because it was secretly . This was an : It was as if, in the matchup between David and Goliath, the magical slingshot stopped firing because it was secretly controlled by the giant. So, right-thinking people on TV and social media hailed
