Wallstreetbets is the reddit users who typically go after hedgefunds. To me, they lucked out by getting the general publics attention. They sold an idea to people that have no clue how the markets work. They sold them on speculative buying; in this case 'stick it to rich' and it grew a trend. The winners are wallstreetbets, and kudos to them for taking advantage of uniformed morons to buy into the trend. The general uniformed just did the opposite of what they thought they were doing, and made some people a ridiculous amount of cash. Hedge funds don't typically have 401k, ira and so on as they are high risk. People dislike hedgefund managers and investors because they are betting on a company to fail, and that seems immoral. Ironically these people that went after the hedgefund went against what point they were trying to make. To me its all stupid and is exactly what it is, greed and envy of the big players in the market. If people took the time to understand investments, they themselves could actually make a wad of cash as well. The general public won't make much of anything out of this, they have no idea when to sell off and what the next card is they need to play.
