Recent tech trends may be changing the game for retail investors
Data shows that contrarian traders may be making major changes.
In the Spring of 2021, Wall Street stared in bewilderment as a troubled company with questionable financials started to surge to unprecedented levels. As short sellers panicked, everyone wondered what had triggered this momentum for GameStop (GME) .
Ultimately, the world learned that it could be traced to social media, specifically to a Reddit (RDDT) forum called r/WallStreetBets on which retail traders were cheering on GameStop’s rise and encouraging their friends to buy shares, inspired by a Youtuber called Roaring Kitty.
