[olladecarne]

Why is the financial media so obsessed with Gamestop? It's a relatively tiny company and if it truly was the case that it is over they would have stopped talking about it. Instead they publish fear-mongering articles and hit pieces on people like Keith Gill who was just a normal person seeing a value investment and got lucky. hint: http://www.paulgraham.com/submarine.html

[kwertyoowiyop]

You’re expecting far too much objectivity and rational action from the financial media, my sweet summer child. They’ve always been obsessed by trivia and gimmicks. Much more interesting to write about than “buy a few good index funds and hold forever.”

[malloryerik]

It's the kind of thing that screams that you're nearing the top of a bull market, or of a bubble.

In 2007 it was waiters and the unemployed buying million dollar homes.

In 1720 it was people ploughing their life savings into the South Sea Company though they freely admitted they had no clue what it was (understandable, since it was not much of anything). But many HODLed until it all came crashing down.

https://en.wikipedia.org/wiki/South_Sea_Company#Top_reached

[carnitine]

It’s an incredibly interesting story, symbolic of the mass influx of retail investors into the market, and also a fascinating example of cultish mass delusion.

The short squeeze is blatantly over in the eyes of basically every investment professional, the incredibly weird price action driven by devotees is not.

[dfxm12]

I can't speak for financial media at large, but I think this particular article makes it obvious that it is a review of the new book The Revolution That Wasn't by Spencer Jakab.

[marcosdumay]

The financial media is media before anything else, and likes an interesting story.

[aahortwwy]

People click on stories about GameStop.

No conspiracy necessary.