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Who really got rich from the GameStop revolution?

The GameStop surge was often portrayed as a triumph of amateurs over professionals, fueled by social media. (REUTERS) — The GameStop surge was often portrayed as a triumph of amateurs over professionals, fueled by social media. **(REUTERS)**

8 min read . Updated: 29 Jan 2022, 11:49 AM IST Spencer Jakab, The Wall Street Journal

During a revolt against Wall Street, some pros still figured out a way to win

When Reddit became the rowdy center of the investing universe last January, its co-founder Alexis Ohanian called the frenzy a “revolution" and a “chance for Joe and Jane America, the retail buyers of stock, to flex back and push back." Maybe one day, he mused, the members of Reddit’s WallStreetBets forum could do more than just ambush hedge funds—they could outperform those highly paid investors.