Short Sellers Get Revenge in Meme Stocks — But Will It Last?

Short sellers have made nearly $5 billion on GameStop, AMC, and Tesla so far this year.

Bing Guan/Bloomberg

Bing Guan/Bloomberg

A little more than a year ago, retail investors posting on the Reddit forum WallStreetBets were heralded as working class warriors for their effort to take down hedge fund Melvin Capital — and by proxy all of Wall Street — as they attempted to squeeze short sellers in GameStop, creating a trading frenzy in what soon became known as meme stocks.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.