now, it's been the end of an important school week for children in england, with classes having resumed as a first step on the road to lifting the coronavirus lockdown. our correspondent, danny savage, has spent the last few days at a primary school near skegness to see how pupils and teachers have been getting on. good morning. a colourful, celebratory return to school. a warm welcome after a cold winter, designed to take the worry out of the day. bye, see you later! have a good day. bobby is just four years old. for reception children like him, teachers say it's like starting all over again. i was a bit emotional, but he was absolutely fine. glad to be back. what are you feeling? happy, really happy that we're getting a bit of normality back. most of the families at this school have been scattered across this area in isolation for months. now they have their focal point back. years three and four, right, when we go in, just a little squirt of sanitiser. lesson one in year 3 on monday was simply getting used to each other again. what's made them feel happy? big voice, abigail. i get to see my friends again. we've missed each other, haven't we? it's like going back to the beginning of the year again. we've got those who say, "we've had new baby sisters being born, new pets". we've had sad news as well and they want to tell their friends about that. they — some of them have moved house or they were going to move house and they haven't been able to do that. please don't talk over me. the priority is to get familiar with school. oh, that's a sad face. it's been tricky, hasn't it? you've been the only little girl in your house and now we've got to get along with lots of other boys and girls again. catching up is for the long haul. it'll take a long time educationally, to get them back to where they need to be. we're talking about maybe a year, 18 months. we can only do that if the children are socially and emotionally ready to learn. first break, and it's going well. afternoon, ladies. but behind the scenes, the effects of coronavirus are still present, even on day one. one of the local secondary schools had a bubble go down already this morning. oh, gosh. we'll have to look up associated children and make sure there's nobody that we need to pick up on tonight. ok, thanks, see you later. thanks. yesterday saw the school belatedly mark world book day, another fun way to get back into the routine. that doesn't mean there aren't anxieties. lincolnshire has a grammar school system. they sit the 11+. some of the older children are a bit worried. there's been a massive impact in year 6, especially, and in year 5 because next year they've got to do their 11+ and this year, our sats have been cancelled. so, it's been a massive impact on learning. it's been 0k. i think that's the best analysis we can do. there may be an issue with phonics. some of the key sounds or the blending that the children knew back at christmas, that we've maybe gone back two or three steps and we have to pick that up. is that a tiger? no! there is a long way to go in this story, but at least they're back together. danny savage, bbc news, lincolnshire. now on bbc news, it's time for this week's edition of our world. there is this narrative in this david and goliath story stop its cycle of these hedge funds like yours against the people, and the people one. i’iiii like yours against the people, and the people one.— and the people one. i'll put it this way. _ and the people one. i'll put it this way. if— and the people one. i'll put it this way. if a _ and the people one. i'll put it this way, if a five-year-old i this way, if a five—year—old walked into this room right now, i could probably kick his ass. for5005 now, i could probably kick his ass. for 5005 —year—olds what in here, they could probably take me down to. just thing honest about it is that a david versus goliath dory? he. versus goliath dory? no. something _ versus goliath dory? no. something happen - versus goliath dory? no. something happen this january that no—one expected. it something happen this january that no-one expected.- that no-one expected. it was a little bit of _ that no-one expected. it was a little bit of like _ that no-one expected. it was a little bit of like an _ that no-one expected. it was a little bit of like an internet - little bit of like an internet revolution at. we would seem human, team normal, regular quy- human, team normal, regular guy. and united capitalists? it was like his vocal paradigms shift. everything that has gone on for the last few hundred years. on for the last few hundred ears, ., , , years. socialists... if there is a smaller _ years. socialists... if there is a smaller chance - years. socialists... if there is a smaller chance that. years. socialists... if there is a smaller chance that i l years. socialists... if there l is a smaller chance that i can have a direct impact on ruining their life, i wanted have a direct impact on ruining their life, iwanted in have a direct impact on ruining their life, i wanted in on it. and youtuber is. how much do you make? $40,000 about? the idea that an — you make? $40,000 about? the idea that an internet forum could take a failing company and by collectively investing in it, or to use the parlance, taking it to the moon, take on hedge funds and win, it seemed impossible. if hedge funds and win, it seemed impossible-— impossible. if that is not the earth, impossible. if that is not the earth. we — impossible. if that is not the earth, we are _ impossible. if that is not the earth, we are in _ impossible. if that is not the earth, we are in trouble! - impossible. if that is not the | earth, we are in trouble! but was this really _ earth, we are in trouble! but was this really a _ earth, we are in trouble! but was this really a people's revolution?— was this really a people's revolution? , , ., ., revolution? this is not a david versus goliath _ revolution? this is not a david versus goliath story, - revolution? this is not a david versus goliath story, but - revolution? this is not a david | versus goliath story, but more like a — versus goliath story, but more like a goliath versus goliath ore — like a goliath versus goliath ore -- _ like a goliath versus goliath ore. —— story. like a goliath versus goliath ore- -- story-— like a goliath versus goliath ore. -- story. the gamestop story is the story of - ore. -- story. the gamestop story is the story of its - story is the story of its investors, and will be telling it through the experiences of the re— people in california who all buy and sell their shares using trading apps. gavin mason, a 19—year—old youtube star, parkour enthusiast and amateur online trading guru. you sometimes wonder why people listen to a 19—year—old who is trading for only six months? 19-year-old who is trading for only six months?— 19-year-old who is trading for only six months? totally. that is definitely — only six months? totally. that is definitely a _ only six months? totally. that is definitely a very _ only six months? totally. that is definitely a very valid - is definitely a very valid question. is definitely a very valid question-— is definitely a very valid cuestion. , ., a, ., question. john motter, who works for — question. john motter, who works for a _ question. john motter, who works for a homeless - question. john motter, who l works for a homeless charity, he blames big finance for some of la's housing problems. have you ever bought any shares before? ., you ever bought any shares before? ida. first time? first before? no. first time? first time. before? no. first time? first time- and — before? no. first time? first time. and kasper— before? ila. first time? first time. and kasper and matt who run a social media marketing company. i run a social media marketing company-— company. i really believed in the power — company. i really believed in the power of _ company. i really believed in the power of memes. - company. i really believed in the power of memes. a - company. i really believed in the power of memes. a year| company. i really believed in - the power of memes. a year ago, gamestop — the power of memes. a year ago, gamestop was — the power of memes. a year ago, gamestop was a _ the power of memes. a year ago, gamestop was a business - the power of memes. a year ago, gamestop was a business slowlyl gamestop was a business slowly dying. it sells physical games at an actual shop, and many on wall street thought that their business model wasn'tjust outdated, it was prehistoric — a business doomed to fail. its share price this time last year was around $3. 0ver share price this time last year was around $3. over the summer, if you investors began to proselytise about gamestop. people like that then obscure youtuber, boringkitty. timer;r think it's about investment, but they are wrong.- but they are wrong. they thought _ but they are wrong. they thought that _ but they are wrong. they thought that had - but they are wrong. they thought that had been i but they are wrong. they i thought that had been dead but they are wrong. they - thought that had been dead in the water, gamestop had potential. it the water, gamestop had potential-— potential. it is an established, - potential. it is an - established, uniquely positioned play in a thriving gaming industry. == positioned play in a thriving gaming industry. -- player. one u-rou gaming industry. -- player. one a-rou in gaming industry. -- player. one group in particular— gaming industry. -- player. one group in particular was - group in particular was listening. an internet message board called r/wallstreetbets. could you describe to someone who has never been on wall street bouts roughly what the culture is? it's hard to do it without using offensive terms, but it is veryjuvenile, very subconsciously absurdist. .. their favourite thing you can do is — their favourite thing you can do is something called loss porn, where you share your biggest _ porn, where you share your biggest losses, like, you show you have — biggest losses, like, you show you have lost $1 million, and everyone _ you have lost $1 million, and everyone is like, good job. all everyone is like, good 'ob. all those everyone is like, good job. all those meme posts are fading into the — those meme posts are fading into the larger— those meme posts are fading into the larger goal— those meme posts are fading into the larger goal of- those meme posts are fading| into the larger goal of getting as many— into the larger goal of getting as many people _ into the larger goal of getting as many people to _ into the larger goal of getting as many people to buy - into the larger goal of getting as many people to buy stocksj into the larger goal of getting i as many people to buy stocks as possible — as many people to buy stocks as possible -- _ as many people to buy stocks as ossible. possible. -- feeding in. slowly. _ possible. -- feeding in. slowly, gamestop - possible. -- feeding in. i slowly, gamestop started possible. -- feeding in. - slowly, gamestop started to get a buzz, and gradually the share price began to take up. this a buzz, and gradually the share price began to take up.- price began to take up. this is the first official _ price began to take up. this is the first official close - price began to take up. this is the first official close of - the first official close of over $14, cheers to that sort! i think the first time i bought in was — i think the first time i bought in was late november to early december, i think the stock price was $16 back then. gamestop's share price had attracted the attention of another kind of investor. short seller is. hedge funds that thought gamestop was overpriced, hedge funds like citron capital, run by andrew left. , ., ., left. they were following the blockbuster _ left. they were following the blockbuster path, _ left. they were following the blockbuster path, but - left. they were following the blockbuster path, but the i left. they were following the i blockbuster path, but the video game industry had their best month ever in december of 2020, but gamestop had a bad quarter or a bad month. that was supposed to be their saviour month, and that is where it started. . month, and that is where it started. , ., , ., started. his hedge fund was now one of the _ started. his hedge fund was now one of the many _ started. his hedge fund was now one of the many hedge - started. his hedge fund was now one of the many hedge funds - one of the many hedge funds that were shorting gamestop. essentially, they were betting the share price would fall. if you did, they would make money. but that had also been noticed by people on wall street bouts —— r/wallstreetbets. by people on wall street bouts -- r/wallstreetbets._ -- r/wallstreetbets. memes ha - en -- r/wallstreetbets. memes happen to — -- r/wallstreetbets. memes happen to be _ -- r/wallstreetbets. memes happen to be one _ -- r/wallstreetbets. memes happen to be one of- -- r/wallstreetbets. memes happen to be one of the - -- r/wallstreetbets. memes i happen to be one of the names —— is was one of the names that was most frequently mentioned. they realised if the share price went up, he would lose money. if price went up, he would lose mone . ., ., , ., money. if enough of us were to buy together. _ money. if enough of us were to buy together, in _ money. if enough of us were to buy together, in conjunction, i buy together, in conjunction, thai— buy together, in conjunction, that would create a short squeeze which would forced some of these _ squeeze which would forced some of these people betting against gamestop to close their position by buying gamestop back, — position by buying gamestop back, and therefore putting the price of gamestop even higher. r/wallstreetbets is a forum on san francisco —based reddit, one of the biggest social media companies in the world. the founder, steve hoffman, was watching. founder, steve hoffman, was watching-— watching. r/wallstreetbets is one of my — watching. r/wallstreetbets is one of my guilty _ watching. r/wallstreetbets is one of my guilty pleasures i watching. r/wallstreetbets is| one of my guilty pleasures on reddit. . ., , one of my guilty pleasures on reddit. ~ ., , ., one of my guilty pleasures on reddit. . ., , ., ,., reddit. was there a point where ou are reddit. was there a point where you are like. _ reddit. was there a point where you are like, oh, _ reddit. was there a point where you are like, oh, this— reddit. was there a point where you are like, oh, this is- reddit. was there a point where you are like, oh, this is a - you are like, oh, this is a bigger story than i thought? {lin bigger story than i thought? 0“! r/wallstreetbets, there is often a couple of stocks or companies that have their attention on. 0ver companies that have their attention on. over the years, it has been tesla, it has been virgin galactic, it has been blackberry. in my mind i am just browsing reddit, gamestop, 0k, gamestop has got their infatuation right now. i was a little bit late to the parties i didn't realise reddit had leaked into the real world. —— led to the party. during the take—off, i was like, 0k, led to the party. during the take—off, iwas like, ok, this is a big one. —— late to the parties to be by mid—january, the price of gamestop shares was nearly $13, a tenfold increase from months before. it was about to go stratospheric. i got the champagne, cheers, congratulations, look at this shed! ., ., ~ congratulations, look at this shed! ., , shed! look at this it! -- look at this sort! _ shed! look at this it! -- look at this sort! when _ shed! look at this it! -- look at this sort! when did - shed! look at this it! -- look at this sort! when did you i at this sort! when did you realise things _ at this sort! when did you realise things like - at this sort! when did you realise things like this? itj realise things like this? it was like jaws, i think i need a bigger boat. it’s was like jaws, i think i need a bigger boat-— bigger boat. it's about this oint bigger boat. it's about this point when _ bigger boat. it's about this point when gamestop - bigger boat. it's about this i point when gamestop shares truly took off.— truly took off. ridiculous. ridiculous. _ truly took off. ridiculous. ridiculous. ridiculous! i truly took off. ridiculous. . ridiculous. ridiculous! argh! truly took off. ridiculous. - ridiculous. ridiculous! argh! i rememberthe ridiculous. ridiculous! argh! i remember the days that we opened at $39 and at the peak of the day it was $76. watching this chart gives me heart problems. this chart gives me heart problems-— problems. the option was $70, $80, around there. game - problems. the option was $70, $80, around there. game stop| $80, around there. game stop had another wild day of. trading. it was ridiculous. had another wild day of- trading. it was ridiculous. —— gamestop _ trading. it was ridiculous. —— gamestop it— trading. it was ridiculous. -- gamestop-— trading. it was ridiculous. -- gamestop. it was a couple of really good — gamestop. it was a couple of really good mornings, - gamestop. it was a couple of really good mornings, yeah. | really good mornings, yeah. gamestop isn't stopping, fuelled by social media... all the money — fuelled by social media... fill the money i had in the world was doubled. what a crazy morning. and that was only like the first five days of. gamestop was going to the moon, the price was going up and up and up. the price was going up and up and u. . the price was going up and up and u. , ., ., ., and up. there is more and more activi , and up. there is more and more activity. more — and up. there is more and more activity, more and _ and up. there is more and more activity, more and more - and up. there is more and more activity, more and more news, i activity, more and more news, more and more tension.- more and more tension. video came more and more tension. video game retailer— more and more tension. video game retailer hit _ more and more tension. video game retailer hit a _ game retailer hit a high of $380 a share.— game retailer hit a high of $380 a share. ,, .,, .,, ., $380 a share. gamestop was now in uncharted — $380 a share. gamestop was now in uncharted waters, _ $380 a share. gamestop was now in uncharted waters, its _ $380 a share. gamestop was now in uncharted waters, its share - in uncharted waters, its share price had increased by 100 times since march stopping we have gamestop hitting $300 and $350, and there was even after hours session when the market was closed, but you know, essentially, large institutions can still trade.— can still trade. where it hit $450! i can still trade. where it hit 5450! | bought— can still trade. where it hit 5450! | bought in - can still trade. where it hit 5450! | bought in at - can still trade. where it hit| $450! i bought in at around $330 a shower, _ $450! i bought in at around $330 a shower, i _ $450! i bought in at around $330 a shower, i was - $450! i bought in at around $330 a shower, i was a - $330 a shower, i was a latecomer. —— per—share. it worked _ latecomer. —— per—share. it worked out _ latecomer. —— per—share. it worked out there was a good chance — worked out there was a good chance the hedge funds and billionaires got greedy, and bought— billionaires got greedy, and bought those enormous short positions, were going to be completely ruined over this, even — completely ruined over this, even if— completely ruined over this, even if there was a smaller chance but i could have a direct _ chance but i could have a direct impact on ruining some billionaire's life, i wanted in on it — billionaire's life, i wanted in on it. ,, ' ., billionaire's life, i wanted in onit. ,, ' ., on it. steve huffman was lookin: on it. steve huffman was looking on. _ on it. steve huffman was looking on, he _ on it. steve huffman was looking on, he had - on it. steve huffman was looking on, he had the i on it. steve huffman was - looking on, he had the power to switch r/wallstreetbets of. was there any pressure on you to make —— off. did you have pressure to close it? we make -- off. did you have pressure to close it? we did have a question, _ pressure to close it? we did have a question, is - pressure to close it? we did have a question, is there . have a question, is there pressure, should we do something? but our motivation on what we were trying to do was actually the opposite, to keep r/wallstreetbets online. we did take a closer look here, but really, we were making sure the community did not break, because a lot of people were coming to reddit for that experience. with reddit keeping r/wallstreetbets up, it now seemed unstoppable. can i ask how much you lost in total? ida. how much you lost in total? no. i think how much you lost in total? no. i think the _ how much you lost in total? no. i think the find _ how much you lost in total? no. i think the find was _ how much you lost in total? ila i think the find was down 18%, 19%? i think the find was down 18%, 1996? ., . i think the find was down 1896, 1996? ., . , ., ..,, 1996? how much is that in cash terms? i _ 1996? how much is that in cash terms? i won't _ 1996? how much is that in cash terms? i won't discuss - 1996? how much is that in cash terms? i won't discuss that. i terms? i won't discuss that. that figure is certainly in the millions, and likely the tens of millions. but then something happened. 0ne but then something happened. one of the biggest trading apps used by amity are investors, called robin hood, based here in san francisco, made a crucial decision. —— amateur investors. it said other trading apps were happy to sell game stop shares, but it wanted to restrict people from buying them. �* ., ., them. but took the wind out of them. but took the wind out of the sales for _ them. but took the wind out of the sales for the _ them. but took the wind out of the sales for the whole - the sales for the whole movement, is now the majority of the people couldn't even buy the stock. and obviously a lot of people started freaking out about. robinhood's reason, welcome to the chief executive testified to congress they had run out of capital to meet deposit requirements, or in other words, so they claimed, they were running out of money. we don't answer to hedge funds. we don't answer to hedge funds. we serve the millions of small investors to use a platform every day to invest.- investors to use a platform every day to invest. and that it basically — every day to invest. and that it basically started _ every day to invest. and that it basically started falling - it basically started falling back— it basically started falling back down to earth. and first it fell— back down to earth. and first it fell back to sort of $200, and _ it fell back to sort of $200, and $100. it fell back to sort of $200, and 5100-— and $100. the clue to robinhood's - and $100. the clue to robinhood's branding| and $100. the clue to l robinhood's branding is and $100. the clue to - robinhood's branding is in the name. a trading app about self—reported ammo was to democratise trading hard, to some, protected the rich. no—one cared. and it happened right in front of your face, they blatantly did it and no—one can say anything. so that is when we were thinking, 0k, we should not make you know, we give brands and companies a voice all the time, let's try giving the little guy a voice to something we really are passionate about. tau are passionate about. you decided to _ are passionate about. you decided to fly _ are passionate about. you decided to fly a _ are passionate about. you decided to fly a plane - are passionate about. you decided to fly a plane over robinhood's offices in the bay area? ~ , . ~ area? we did, yes. i think robinhood _ area? we did, yes. i think robinhood catching - area? we did, yes. i think robinhood catching the i area? we did, yes. i think. robinhood catching the brunt area? we did, yes. i think- robinhood catching the brunt of this, like, they created an atari for themselves. they cashed in on the brand image of democratising trading and making it so that the average man can participate and play in this much bigger game but typically, they've been closed out of. and as soon as the little guy starts to actually win some chips at the table, they have to shut down again. one of the things that came up time and time again when talking to amateur investors is how much they believed that the financial systems were rigged to benefit the rich. and much of that seemed to stem from the 2008 financial crash.— 2008 financial crash. well, nothina 2008 financial crash. well, nothing was _ 2008 financial crash. well, nothing was learned - 2008 financial crash. well, nothing was learned from | 2008 financial crash. well, - nothing was learned from 2008. no—one was held accountable. the banks were bailed out. you know, i couldn't get a job, i couldn't afford housing at that point. you know, i crashed on a friend's couch. you could kind of see on the posts the difference between the memes and the jokes and the person who is like, you know, this is for my immigrant parents. this is for the people who ruined my dad's is missing 2008. there is a lot of earnest posts on there still. �* , ., , a lot of earnest posts on there still. 2 ., , ., ,, still. it's not 'ust socialists to think still. it's notjust socialists to think that. _ still. it's notjust socialists to thinkthat. -- _ still. it's notjust socialists to think that. -- who - still. it's notjust socialists| to think that. -- who think. to think that. —— who think. jordan bell thought it was a vocal supporter of wallstreetbets. his financial crimes were characterised in the film the wolf of wall street. and that's a real wealth?— street. and that's a real wealth? . . . . wealth? that is a real-life wolf was _ wealth? that is a real-life wolf was there _ wealth? that is a real-life wolf was there at - wealth? that is a real-life wolf was there at the - wealth? that is a real-lifel wolf was there at the time. wealth? that is a real-life - wolf was there at the time. he went to prison, but claims now to be reformed.— to be reformed. when i got indicted and _ to be reformed. when i got indicted and went - to be reformed. when i got indicted and went to - to be reformed. when i got indicted and went to jail, i indicted and went to jail, never once did it occur to me that i was innocent. seriously. i neverfelt like i was persecuted. i got what i deserved, trusted the institutions that put me away institutions that put me away in jail, institutions that put me away injail, i did my time and i got outandi injail, i did my time and i got out and i rebuild my life. most people today don't trust the institutions that are essentially netting out justice. —— meting. they watch what happened in 2008, we all saw the movie the big short, at the end there is a funny scene but i say, all the bad guys went to jail, and it is like, ha ha, just kidding, nobody went to jail. we laugh because it is true but in our stomachs, it's not right, and we know it. and it erodes the trust of the people. i think if you find a lot of people right now, they know it's not right. by by early february, the share price of gamestop was about one tenth of its market hi. and on the way down, people lost a lot of money. casper�*s shares were at one point worth around $100,000. he sold a few, but he hung onto most of them, he says of principle. 0n the way down, his shares decreased in value by more than $60,000. i could have made _ by more than $60,000. i could have made a _ by more than $60,000. i could have made a little _ by more than $60,000. i could have made a little bit _ by more than $60,000. i could have made a little bit of- have made a little bit of money, but i think the experience, i think some people are going to be mounted that i'm saying this, but i think the experience was worth it, you know? —— mad but i'm saying this. i don't really get too attached to the gains until i've sold. attached to the gains until we sold-— attached to the gains until i've sold. , ., ~.,,, ,., i've sold. john moss i bought hiuh. i've sold. john moss i bought high- he _ i've sold. john moss i bought high- he says— i've sold. john moss i bought high. he says he _ i've sold. john moss i bought high. he says he only - i've sold. john moss i bought. high. he says he only invested what he could afford to lose. but many others bought hi thinking gamestop would go to the moon and lost big. —— high. i do think that there were many who strongly believed that they could drive the price up and it would just stay there. and it would just stay there. and it would stay up forever. and the only thing i can think of that functions that way has been bitcoin. , .,, functions that way has been bitcoin. , ., bitcoin. game stop that gamestop _ bitcoin. game stop that gamestop didn't - bitcoin. game stop that| gamestop didn't behave bitcoin. game stop that - gamestop didn't behave like bitcoin, though, and many people holding onto their shares were being egged on by other reddit users, while others were saying —— selling. they were definitely people trying to get everybody whipped into a frenzy so they could cash out. so you are constantly saying you are taking it to the moon, part of the same time, yourself, trying to divest. it's easy to forget that there is really— it's easy to forget that there is really millions of people here — is really millions of people here that aren't commenting, or they— here that aren't commenting, or they have — here that aren't commenting, or they have as a username and they— they have as a username and theyiust _ they have as a username and theyjustjoined and they they have as a username and theyjust joined and they are 'ust theyjust joined and they are just reading along and making their— just reading along and making their own decisions.— their own decisions. reddit is like the definition _ their own decisions. reddit is like the definition of- like the definition of confirmation- like the definition of confirmation bias. i like the definition of- confirmation bias. because like the definition of— confirmation bias. because the way the — confirmation bias. because the way the platform _ confirmation bias. because the way the platform works - confirmation bias. because the way the platform works is - confirmation bias. because the way the platform works is that| way the platform works is that content — way the platform works is that content gets _ way the platform works is that content gets service _ way the platform works is that content gets service to - way the platform works is that content gets service to you . content gets service to you based — content gets service to you based on — content gets service to you based on how— content gets service to you based on how many- content gets service to you based on how many upvotl content gets service to you | based on how many upvot it gets. —— upvotes. _ based on how many upvot it gets. —— upvotes. so- based on how many upvot it| gets. —— upvotes. so people have— gets. —— upvotes. so people have to— gets. —— upvotes. so people have to agree _ gets. —— upvotes. so people have to agree with - gets. —— upvotes. so people have to agree with you - gets. —— upvotes. so people have to agree with you for. gets. —— upvotes. so people i have to agree with you for your content — have to agree with you for your content to _ have to agree with you for your content to reach _ have to agree with you for your content to reach the _ have to agree with you for your content to reach the front i content to reach the front page _ content to reach the front page that _ content to reach the front page. that means - content to reach the front page. that means you i content to reach the front| page. that means you are content to reach the front i page. that means you are only going — page. that means you are only going to — page. that means you are only going to hear— page. that means you are only going to hear from _ page. that means you are only going to hear from the - page. that means you are only going to hear from the peoplel going to hear from the people who are — going to hear from the people who are saying _ going to hear from the people who are saying what - going to hear from the people who are saying what people i going to hear from the people i who are saying what people want to hear~ — who are saying what people want to hear. ,., ,., ., to hear. right, so if someone said, do to hear. right, so if someone said. do you _ to hear. right, so if someone said, do you know— to hear. right, so if someone said, do you know what, i to hear. right, so if someone| said, do you know what, guys, to hear. right, so if someone i said, do you know what, guys, i think we should sell up now... no—one's going to like it. no-one's _ no—one's going to like it. no—one's going to like it. no—one's going to like it, so, it'sjust the more no—one's going to like it, so, it's just the more extreme and funny stuff that that's upvoted, and you get that false bias. i asked reddit�*s boss whether he felt any responsibility for those who lost out. i he felt any responsibility for those who lost out.- those who lost out. i think any trade, any trade, notjust i those who lost out. i think any trade, any trade, notjust a i trade, any trade, notjust a risky one like that one that wallstreetbets is known for, has risk. but it also has opportunity. and i think it is important that individuals have that opportunity. mike, i don't think we as a society should be so eternal, to say that, well, this group is smart enough to make these decisions, but this group, we should keep them out. nobody goes to wallstreetbets thinking that this is a safe place to spend money. gamestop has been characterised _ place to spend money. gamestop has been characterised as - has been characterised as a wallstreetbets versus wall street battle. but we didn't interview anyone who thought it was as simple as that. i suppose the question is, was this a people's revolution? well, it certainly started as a people's revolution. and then i'm sure it would be only logical that any shrewd, large investor would say, look at what they are doing, let's jump on that bandwagon, and i think the important thing, and what makes this dangerous, as those sophisticated investors that got in on the back are smart enough and sophisticated enough to know when to get out of the situation, while the little guy is typically the one that ends up is typically the one that ends up holding the bag, and that's very dangerous and sad. tantalisingly, what could have happened is hedge funds taking aim at other hedge funds. this narrative that it was just wallstreetbets that moved it, a lot of other people think, uh, no, it must have been much biggerforces at play. bigger forces at play. 0bviously bigger forces at play. obviously it was a short squeeze, obviously it could have been hedge funds trying to screw over other hedge funds. sure, absolutely.— sure, absolutely. really? you think other — sure, absolutely. really? you think other hedge _ sure, absolutely. really? you think other hedge funds i sure, absolutely. really? you think other hedge funds were | think other hedge funds were doing that? i think other hedge funds were doing that?— think other hedge funds were doinu that? ., , ., , doing that? i mean, if you sign opportunity — doing that? i mean, if you sign opportunity to _ doing that? i mean, if you sign opportunity to make _ doing that? i mean, if you sign opportunity to make money, i doing that? i mean, if you sign. opportunity to make money, it's opportunity to make money, its legal, it's fair. go buy a stock. it's an open market. what is without doubt is that wallstreetbets started to help things rolling. but much larger financial players were also heavily involved.— financial players were also heavily involved. people using robinh and — heavily involved. people using robinh and people _ heavily involved. people using robinh and people who i heavily involved. people using robinh and people who are i heavily involved. people using | robinh and people who are not large institutions are not registered financial professionals, they are a bigger part of the market than they've ever been. —— robinhood. there about a quarter, 25%. but they are still about a small player, relative to the biggest institutions. so when you see a price movement from gamestop at $18 all the way up to $325, it is very unlikely that the only people that are buying and driving the price up other retail traders, just by virtue of their size in the marketplace.- of their size in the marketplace. of their size in the marketlace. ., , marketplace. so what 'ust happened? fl marketplace. so what 'ust happened? was i marketplace. so what 'ust happened? was this i marketplace. so what just i happened? was this something extraordinary? did something change? and could it happen again? change? and could it happen auain? ., �* ., ., again? you're going to find that the large _ again? you're going to find that the large institutions i that the large institutions have already made changes in their policies that pretty much prevent these extreme situations from happening. i would be certain that right now, there is not a chat board out there that any hedge funds doesn't have their people in there and every single chart, watching everything that's going on. watching everything that's going on— watching everything that's going on. andrew left says he'llthink_ going on. andrew left says he'll think twice _ going on. andrew left says he'll think twice about i he'll think twice about shorting in the future. did i lose money _ shorting in the future. did i lose money on _ shorting in the future. did i lose money on gamestop? | shorting in the future. d c i lose money on gamestop? yeah. i took it, i moved on, i have many years left of me in the stock market, i hope.- many years left of me in the stock market, i hope. you don't think that's _ stock market, i hope. you don't think that's what _ stock market, i hope. you don't think that's what happened i stock market, i hope. you don't think that's what happened will| think that's what happened will make people more nervous about shorting? in the future? flit shorting? in the future? of course it — shorting? in the future? of course it well? no, shorting? in the future? oi course it well? no, of course. and as the gamestop, well, it's now looking to move its operations digitally. its share price is still incredibly variable. in february, it has been between $40 and $200. kasper and matt believe what happened shows what the internet can do through collect live action. i internet can do through collect live action-— live action. i think from now on hedge — live action. i think from now on hedge funds _ live action. i think from now on hedge funds are - live action. i think from now on hedge funds are going i live action. i think from now on hedge funds are going to having their risk models of protection models, there's going to be a new line item in there, like, hey, watch out for everyone ganging up on us and grouping together scenario. that's never happened before. without the internet, that would be impossible to accomplish that. john's investment _ accomplish that. john's investment was - accomplish that. john's i investment was relatively small, but he lost most of it. i don't think any, like, change has come out of this. that's been pretty apparent. i hope people see that, i hope everyone who gets screwed over does see that nobody is coming to bail them out, and changes aren't being made to help the little guy. if nothing else happens, i hope people get educated on that and just learn a lesson. and gavin says he ended up making $40,000. there is this kind of _ ended up making $40,000. there is this kind of assumption - ended up making $40,000. there is this kind of assumption that i is this kind of assumption that a lot of people who are on wall street bats —— wallstreetbets were just there to make a political point about hedge funds, but actually there were lots of retail investors who were there to make money. yeah, no, definitely. _ were there to make money. yeah, no, definitely. i— were there to make money. yeah, no, definitely. iwould _ were there to make money. yeah, no, definitely. i would say, i no, definitely. i would say, and lots of people say that they want to make a point about the hedge funds, but at the end of the day they all wanted to make some money.- of the day they all wanted to make some money. what's clear is that trading _ make some money. what's clear is that trading apps _ make some money. what's clear is that trading apps have - is that trading apps have transformed the financial system. trading has become more democratic, but conversely it has also become more risky, exaggerating the highs and the lows. the story of gamestop, then,is lows. the story of gamestop, then, is both inspirational and cautionary. if this was a revolution, it was one that had its casualties, of some investors who reached for the moon and didn't quite make it. hello. after what's been a blustery week, the weather is going to take a little while to calm down. so, it stays quite windy through this weekend, certainly had first. there'll some spells of sunshine, but also some heavy showers. persistent rain clearing away eastwards through the first part of saturday morning. then it is a sunshine and showers day. the showers most plentiful across western and northern parts, some heavy with hail and thunder. some of the showers wintry over high ground in the north. the strongest winds will be across england and wales, where we could see gusts in excess of 50 mph in exposed places. and given the strength of the wind, it is going to feel really chilly. top temperatures between 7—10 degrees. the winds stay quite brisk through saturday night. we'll see further showers at least for a time, although through the early hours of sunday, there will be more in the way of dry weather. temperatures generally between 2—5 degrees. a dry start for many places on sunday, but we will see outbreaks of rain spreading from the west and it does remain fairly windy. this is bbc news with the latest headlines for viewers in the uk and around the world. i'm lewis vaughan jones. george floyd's family will receive $27 million after he died while in police custody. their lawyer says it's just a starting point. it is the policy reforms that affects all of us. the governor of new york, andrew cuomo, is resisting growing pressure to resign following allegations of sexual misconduct. in new zealand, a national service is held to remember the 51 people killed in 2019, when a gunman opened fire at tw mosques in christchurch.