But WallStreetBets is doing the exact same thing the Hedge funds are accused of doing.
"This was never about the company's value. It was about sending a MESSAGE to the big Wall Street hedge funds"
Roaring Kitty has already been identified as Keith Gill and the SEC is looking into manipulation.
"The SEC’s choice of words — including its reference to “manipulative” trading activity — suggests that many observers were correct about predictions that the SEC was likely mobilizing its regulatory efforts using market manipulation theories."
If Gill took profits from the pump then he could have some serious problems.
The Hedge fund losses harm many other - they’re spread out across the entire market. Pension funds, retirement funds...
So the WallStreetBets activity wasn't well thought out.
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