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News, Faith Stevelman & Sarah C Haan, Published on 08/02/2021
» Late last month, a social-media-fuelled populist rebellion gripped capital markets. Retail investors purchased huge amounts of stock in struggling companies like GameStop, AMC, and BlackBerry (among others). They wanted to make a buck. But, even more than that, they wanted to punish the financial elites, like hedge funds, that had been betting on the companies' decline.