Redditors responsible for brutal $GME stock surge mock humbled Wall Street hedge funds with giant AD
Times Square, NYC – The army of amateur investors behind the GamesStop stock ($GME) surge saga are doubling down on their revolt against Wall Street bigwigs, this time with a public campaign mocking humbled hedge funds.
“$GME GO BRRR,” blared a digital ad on the corner of 54th and Broadway in Manhattan. The ad ran for an hour on Friday and was a creation of digital billboard maker Matei Psatta.
The investors on Reddit say they are not backing down on their investments in GameStop — and even took out billboards in Times Square and across the country urging the faithful to continue holding the line.
The “movement” was initially organized by those on the Reddit page WallStreetBets. The pirate investors convulsed markets all week, pumping up Gamestop’s price in an effort to stick it to hedge fund short-sellers who bet against the stock and planned to profit from its failure. Instead, prices surged because of the renegade buyers, and some Wall Street institutions were brought to their knees.
After a week of speculative trading that roiled the stock market, the ‘Wolves of Reddit’ made it clear they’re not backing down by taking out a Times Square billboard gloating over their gains.
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