Overview

• A group of amateur investors coordinated on Reddit and YouTube to drive up the prices of GameStop and other "meme stocks" in 2021.
• Their trading strategy was focused on squeezing hedge funds that had shorted those stocks.
• The movie "Dumb Money" dramatizes these events, portraying the challenge of conveying internet culture on screen.
• The traders made big profits on the stock spikes, but analysts caution the approach is still very risky.
• The story highlights how social media is transforming stock trading beyond traditional Wall Street firms.