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GameStop rally shows disruption is not just for main street

Advertisement What makes the GameStop stock price surge so remarkable isn’t simply the role of short-selling or the fact that Wall Street firms were surprised. Rather it’s the sense of worlds colliding and changing what is possible for years to come. When masses of retail investors on online forum Reddit came together around GameStop shares last month, it marked an inflection point between the power of Wall Street’s insiders and the knowledge and experience of outsiders on social media. GameStop has hit a nerve on main street and Wall Street. Credit:AP The many users of Reddit learnt, largely through experimenting by betting on the stock, what they lacked as individuals could be compensated for in their numbers.

GameStop rally shows how disruption is not just for main street anymore

GameStop rally shows main street can disrupt Wall St

Advertisement What makes the GameStop stock price surge so remarkable isn’t simply the role of short-selling or the fact that Wall Street firms were surprised. Rather it’s the sense of worlds colliding and changing what is possible for years to come. When masses of retail investors on online forum Reddit came together around GameStop shares last month, it marked an inflection point between the power of Wall Street’s insiders and the knowledge and experience of outsiders on social media. GameStop has hit a nerve on main street and Wall Street. Credit:AP The many users of Reddit learnt, largely through experimenting by betting on the stock, what they lacked as individuals could be compensated for in their numbers.

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