The only difference in this case is the 99-percenters are reaping the massive gains while Wall Street titans are seeing a genuine upheaval of the norms of investing. You're not going to see protestors huddled in tents or holding up signs. Beyond GameStop, , and other former stock market has-beens are seeing big gains, if not as dramatic. Stock market analysts are clueless as to what this all means and where these stocks go.\u00a0

\"Nobody cares what a sell-side analyst says right now,\" , a longtime video game industry analyst at Wedbush Securities, . He characterizes the run-up in share prices as a Ponzi scheme, in which new investors are recruited to unknowingly fund fake returns for previous investors, making the investment appear legitimate.

Make no doubt about it: The spike in GameStop shares is highly unusual. But the effort behind it isn't. It's the latest example of how an online community establishes momentum through a shared mission. We saw it take a frightening effect earlier this month with the after weeks of online chatter questioning the legitimacy of the election, capped off by a live speech made by President Donald Trump.\u00a0

This stock activity doesn't compare to the treasonous assault on democracy, but there is a common through line with not just the DC riot but also the , Bernie Bros and \ub0a0\ub9ac even baseless. These extremely disparate groups all harness the idea of fighting against a corrupt system that you feel is screwing you over. They tap into the anger and frustration that comes with that mindset. In most of those cases, the sentiment is fueled by the insular culture of message board interactions, complete with\u00a0, a trend that has helped spark the rise in extremism in this country.

That notion cropped up again once , TD Ameritrade and others , alongside other \"meme\" stocks like AMC. The restrictions caused and sparked cries of outrage from individual investors, fueling the sentiment that Robinhood and others were protecting hedge funds exposed by their short positions. Robinhood allowed \"limited buys\" on Friday, but the damage was done: the and angry individual investors savaged the brokerage firm.\u00a0

Protestors, meanwhile, , harkening back to the Occupy movement from a decade ago.\u00a0

But there was ugliness on both sides, an unsurprising development given that Reddit channels the same unbridled energy that anonymous message boards do. Andrew Left, founder of investment newsletter Citron Research, had his personal information shared by angry traders, who texted him and his two children, according to .\u00a0

One poster on Reddit characterized the push to propel GameStop as \"a war\" in a comment that . Another Reddit post breaks down in excruciating details the squeeze that short sellers and investment firms are feeling. \"This is their armageddon,\" it . Those were the more polite things they said.\u00a0

Ugliness aside, the key question is whether this is a fluke or a true disruption of the financial system. Will this tear down the practice of shorting a stock, or at least have short sellers looking over their shoulders for another GameStop-like run that would decimate their holdings? Or is this the way a growing group of mostly young people consume financial information and turn investing into a game?

 

 

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\"We are seeing that 3 million small investors in a Reddit forum, when acting in a coordinated fashion, can seriously distort regular price movements,\" Kirsch said.

The truth is things have already changed. The popularity of apps like Robinhood, which has , and the fact that millions of people are locked in their homes with little else to do, has changed the complexion of stock trading.\u00a0

Billionaire tech investor Chamath Palihapitiya said on that the Reddit rebellion against the Wall Street establishment represents a fundamental shift in philosophy. \"Instead of having 'idea dinners' or quiet, whispered conversations amongst hedge funds in the Hamptons, these kids have the courage to do it transparently in a forum,\" he said. \"What it proves is this retail [investor] phenomenon is here to stay. There are 2.7 million people inside WallStreetBets. I think they are as important as any hedge or collection of hedge funds.\"

But the proliferation of casual investors jumping onto this rocket ship also raises the question of who gets burned when it inevitably crashes. GameStop faces fundamental challenges as a business -- have you been to a strip mall recently? -- and narly at some point its stock price and market value will slam hard into reality.\u00a0

GameStop backers got a little scare was briefly locked down and its community on Discord was banned, causing shares to plunge in after-hours trading on Wednesday evening before eventually settling back to its closing price in a dramatic whipsaw.

Until GameStop crashes, Redditors continue to cheer on the dismantling of traditional investment institutions. The Occupy Wall Street protesters are getting exactly what they wanted, just a decade later.