This documentary made some valid points that the balance of power lies with the institutional investor over the retail investor. Other than that, it was a proliferation of misinformation by people who don't understand markets.
Basically, WallStreetBets played a pump-and-dump in a way that was unavailable to retail investors before social media. I like that the hedge fund got a haircut on a short squeeze, but there is nothing noble here. There is no David and Goliath story. It was Wall Street getting blindsided because for the first time, social media created a meme stock.
Robinhood halted trading because they were close to not covering the regulatory requirement. This promoted the myth that Robinhood was in the pocket of Wall Street. Again, misinformation promoted by people who don't understand.
Garbage.
Basically, WallStreetBets played a pump-and-dump in a way that was unavailable to retail investors before social media. I like that the hedge fund got a haircut on a short squeeze, but there is nothing noble here. There is no David and Goliath story. It was Wall Street getting blindsided because for the first time, social media created a meme stock.
Robinhood halted trading because they were close to not covering the regulatory requirement. This promoted the myth that Robinhood was in the pocket of Wall Street. Again, misinformation promoted by people who don't understand.
Garbage.