TLDR
Gamestop shares surged as a result of a subreddit called r/wallstreetbets, where degens and talented traders collide to drop alpha and place bets on stocks. A smaller group of WallStreetBets members believed that GameStop's stock was undervalued, largely due to a massive options bet in 2019 by one user who was later doxed as a prominent Youtube financial educator and trader. This paved the way for people calling for more censorship-resistant trading and decentralization in its best form.via the TL;DR App
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Written by Carl Lang | Tech Contributor (e27, Benzinga, and more)
