~ Glenn Greenwald, "The Reddit Rebellion: Gameplay and Melvin Capital," 11:20 mark, January 28, 2021
Jan 29, 2021
Glenn Greenwald on GameStop and market manipulation
They knew that by playing the game that these hedge fund managers typically play, which is manipulating the market for their own benefit, they could also enrich themselves. Now, if manipulating the market to the enrichment of the people doing it is what Wall Street does every day - it's what hedge funds do all the time - the only thing that is different in this case is that instead of hedge fund billionaires making billions of dollars and getting rich off market manipulation, its a bunch of anonymous Reddit trolls who have bounded together to do it.
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