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When Piggly Wiggly Tried to Stick It to Wall Street
The recent volatility in the price of GameStop and other stocks has been characterized—rightly or wrongly—as an unprecedented populist revolt by small-time traders against big hedge funds. While the offensive by users of the Reddit forum WallStreetBets against the short positions of institutional traders made for a dramatic two weeks on Wall Street, the episode wasn’t the first, or even the most remarkable, David vs. Goliath battle to animate the stock exchange.