No, WallStreetBets isn’t robbing Wall Street to help the little guy.

I’m always amazed at how smart people can be so stupid.

The doofus who wrote this article misunderstands why these events happened, why it was perpetuated for so long, and what the effect and meaning was intended to be. Yes, there were opportunists and probably a lot of the money will go to the rich in this (it always does).

However, that was not the point, nor the meaning, and there were real consequences: at least one hedge fund (Melvin Capital) went bankrupt and had to be bailed out, and another very nearly met the same fate.

This was a protest, for many — a cri de coeur that wasn’t intended to make money, but to point out the hollowness and the feculent corruption of a system stacked against them. That was the animus of the raid, and a sense of Merry Pranksterism, that was the drive behind the whole thing.

How can you write about this and not understand that? Bet some Condé Nast MBA was hand-editing this article to make it have the right plute-friendly spin.