It is just wealth re-allocation. A lot of the investors did not even touch them. I did not. Not even a single share. During the dot.com bubble #1, Yahoo bulletin boards were very famous. All the dot.com hot stock had its own stock board. The same at that time. So I did not see anything different this time. But the SEC and CFTC are even worse now than they were 1999/2000. They did not even attempt to do anything. All the congressional hearings did not go anywhere. So if someone wants to join the game, better equipped.
This article expressed exactly what anyone with half a brain would assume...smart money made the most money...retails deluded themselves into the position of victor. yes retails caught wall street with their pants down. But they are professionals and quickly devised means of profit. Meanwhile thousands upon thousands of retails continue to bag hold and tell themselves that they are in a position of power...and they are still "squeezing the bad guys". self proclaimed martyrs are the worst.
Just wonder how many retail traders really made $$ from GME. And how many are holding the bag of expensive GME stocks at Robinhood. I think the people most benefit from the MEME trading are the company senior management and existing shareholders. Not those meme traders.
The article was obviously written by the profesional writers / investors. If it were written by the day trader, it would be written very differently. GME is the day trader's dream.