A group of Redditors on the WallStreetBets board have been having a heyday driving up the value
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Question:
A group of Redditors on the WallStreetBets board have been having a heyday driving up the value of a handful of stocks (along with the cryptocurrency Dogecoin) to stratospheric levels. The news has covered the social media angle, the Pandemic day trading angle, and the whole thing as a war of individual investors against hedge fund shortsellers, among other things.
Does this tell us anything about markets and market efficiency or is it just a sideshow? Explain.
Related Book For
Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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