Why Eating the Rich Might Cause You Indigestion

And other reasons why you might not want to let your kids attend the riot.

GameStop! Subreddits! Evil hedge funds! Social justice! What could be a better set of ingredients for social media stew? We’ve got most of the bingo squares covered on this one. And the buzz chemistry has been perfect. We know we’ve reached the zeitgeist when AOC and Ted Cruz weigh in on twitter. In this case, a sort of celebrity deathmatch:

In fact, are the actions of the WallStreetBets subreddit owners any different? With time, we may come to see that their actions may be in fact worse than that of the hedge funds they are demonizing.

The unvarnished truth of the matter is that WallStreetBets has incited a mob to artificially jack up a stock price. In this case, this is not Wolf of Wall Street. The narrative isn’t spun by some college dropout in the back room of a pump-and-dump scheme, whispering loudly about some purported hidden jewel of value that is about to tumble out of a cowpie of a company.

This time, the narrative is simple, and holds classic appeal: justice! There’s a rich, fat hedge fund that’s holding GameStop back with a massive short position. Let’s go show them who’s in charge! We all can be heroes! And let’s get rich along the way!