Amateur Stock Traders See Gains From 'Meme Stock' Investments, Though Critics Warn Of Risks

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.