this post was submitted on 23 Feb 2024
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Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price (gizmodo.com)
submitted 9 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 12 points 9 months ago (1 children)

The "GME thing" resulted in a couple of hedge fund firms going belly up. So yes, you are correct that a lot of people lost a lot of money. A few people did become millionaires from the fiasco.

[โ€“] [email protected] 3 points 9 months ago

Sure, at the very beginning there was some action for those very few early enough to the party, but the vast majority of people who bought in to GME did so after this happened and have only lost money.