Dumb Money and what actually happened with GameStop, explained

This is the type of simple story I’d love to be able to tell about GameStop: In early 2021, a ragtag group of everyday traders, led by a Massachusetts dad going by — depending on your social media platform — Roaring Kitty or DeepFuckingValue, took on Wall Street titans and won. The underdogs came out on top, the big bad rich guys wound up on the bottom, and in the process our heroes exposed many of the ways the financial system is rigged. Congress held a high-profile hearing about the incident in which the...