Tag: United States

In January 2021, failing company GameStop saw the value of its shares soar by 1.700%. It was the beginning of the Reddit vs Wall Street confrontation. Behind the unexpected rise were Reddit users. Their purpose was to show discontent with the unfair dynamics of the financial market. Despite the popular support for the initiative, small investors encountered heavy financial constraints. All in all, the impression was that “all animals are equal, but some are more equal than others”.

The financial market, though, is a human creation. As such, none of its features are either “natural”, nor necessary. This means that the system can be corrected and improved. And this “David vs Goliath”-like clash helped pointing out some elements that need to be reformed or regulated. Therefore, the first part of this article will sum up the events. The second part will point out the most problematic issues arisen. Finally, the third part will suggest some corrections that could improve the health of the financial market.