Explain GameStop stock surge. Below is a drafted logic chain. You can choose to follow it, but you are very welcome to create your own by rearranging the order and/or enriching it.

Do you think that the retail investors beat the institutional investors in this case? Or the long-side institutional investors beat the short-side institutional investors, and the long-side institutional investors are just covered by the retail investors? Why? Any Evidence to support your argument?

Do you think it is still correct to define retail investors as noise trader nowadays with internet and media outlets?

What are the lessons to learn from security regulation perspective?