7. Hedge Funds are Complaining
Hedge funds cry foul, but there are few who have sympathy for them. The strategy employed by Reddit investors, as economist Robert Reich pointed out, is no worse than that used by hedge funds:
“So let me get this straight: Redditors rallying GameStop is market manipulation, but hedge fund billionaires shorting a stock is just an investment strategy?” he tweeted. And Elon Musk also took a shot at these hedge funds, claiming what they do is essentially a “scam”.