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GAMESTOP UPDATE REDDIT INVESTORS ARE RACIST AND RUSSIA IS BEHIND IT!!
Watch: Jimmy Kimmel Calls Reddit Investors ‘Russian Disruptors
ABC’s late-night host Jimmy Kimmel speculated Reddit investors are “Russian disruptors” Friday night during his opening monologue on his show “Jimmy Kimmel Live.”
Kimmel said, “GameStop, if you don’t know, is a video game store, and like a lot of businesses, they’ve been struggling because of COVID but also because most people buy games online now.”
He continued, “And yet, despite a sharp decline in sales, over the past six months their stock price has grown by 8000 percent because a bunch of amateur investors, maybe even some Russian disruptors, who are part of a Reddit community called WallStreetBets decided to buy a bunch of GameStop stock and drive the price up and screw over the hedge fund guys who had shorted the stock.”
The Absolute Worst Take on the Reddit-Hedge Fund War Is Given, and It Tells Us Something
“It really puts a lot of question about the integrity of the market, right? And it really, kind of, everybody’s scratching their heads over this … not unlike what we saw on Jan. 6 at the Capitol, right?” Unger said on CNBC. “If you don’t have the police in there at the right time, things go a little crazy. And that’s kind of feels like what’s happening with this. Much different, much lesser degree: It’s financial harm, not personal bodily harm, but certainly that’s the same kind of, you know, platform-created frenzy that people are operating under, and these are very trying times.”
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