“What gets people’s attention are the stories on how much money someone made,” says Thomas Martin, senior portfolio manager at Atlanta-based GLOBALT Investments. It started the year with just over 1 million users. The r/WallStreetBets community has been around since 2012. “By restricting buying, you’re going to cause a little panic for retail investors. They’re trying to change the rules of the game just because the big guys are losing money,” Lin argues. Now the Securities and Exchange Commission has jumped into the mix, saying it's 'closely monitoring and evaluating' the situation and 'will work to protect investors' and fair markets. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Several brokerages, including popular retail investment app Robinhood, temporarily blocked investors from buying those shares, angering small investors and sparking outcry from leaders on both sides of the aisle in Washington, with a rare moment of bipartisanship on social media between Rep. Robinhood, other brokerages face heat for 'hurting the little guy' That comes after the video game retailer surged 400% last week and briefly hit $500, up from $18 just a few weeks ago. The company's market value sits at just over $6 billion after hitting $24 billion last week. The wild swings continued in recent days, with GameStop plummeting 60% Tuesday as the stock shed more than 70% since Friday's close. “Lots of people share really smart trade ideas and share them to 'WallStreetBets' because these people truly want to help other people make money.” “It's the perfect combination of market geniuses and pure degenerate gamblers,” May says of the group. Since then, Citron Research said it will no longer publish short-selling research. So small-pocketed investors used the social media platform to drive up the stock prices for shares like GameStop, AMC and several other stocks. Short-seller Citron Research later posted a YouTube video, highlighting the downside potential for GameStop and it had published short-selling research. But hedge funds, including Citron Capital and Melvin Capital, had shorted the stock. 11 to help speed its turnaround, including a co-founder of online pet-supply retailer Chewy. Redditors were drawn to GameStop stock after the company named three new directors to its board on Jan. Reddit users in the forum took matters into their own hands after hedge funds began unloading the struggling retailer’s stock through a process known as “short selling,” where investors borrow a share and sell it in hopes of buying it back later at a lower price and then pocketing the difference. Both May and Lin are members of the r/WallStreetBets Reddit community that’s taken Wall Street by storm, spurring a fight in the markets between amateur and hedge fund investors over stocks like GameStop and AMC.

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