It seems that trying to cancel the little guy has only steeled his resolve.
In Jan 2020, the subreddit category of Wall St Bets had less than 1 million subscribers.
By Dec 2020, it was around 1.75 million.
As of today it stands around 8.5 million.
Perhaps hedge funds need to cut their losses and concede that the investment models they use to consider shorting stocks require a Wall St Bets scenario analysis section too. The more resistance pushed by the orthodoxy just creates a greater ground swell of the very people they wish to crush.
That is until America’s first female treasury secretary is called on to use the influence that $800,000 in speaking fees was supposed to have purchased in advance.