You do realise all this happened before and will happen again, right? It's not new.
How do you think Dot.com bubble happened?
Granted there was no Twitter and memes; But shady porn site with 2 employees were pumped to $billions on Yahoo, Raging Bull, passing on E-mails, your's trully Hotcopper, etc.
And shorts were burned; billions were made and lost; hedge funds went bankrupt and so on.
And it was repeated many times in great pre-GFC pumps, great Uranium, Lithium, bitcoin, Oil, Weed, Gold stock pumps.
The platforms change but rest assure: many of the original WSB (and other group members) were there for dot.com bubble, GFC stock mania, etc.
WSB originals aren't bunch of 18 year olds and cranky investors that heard about it 3 days ago; but seasoned pros;
In fact most are ex-bankers, ex-hedge fund traders, economics professors, ex-oil comp executives, etc.
Wallstbets, page-121
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