Matt Egan | 21.02.02
In a conversation with CNBC, co-founder of Babbage’s Gary Kusin revealed that he has mainly been an onlooker during the whole GameStop stock controversy. He has gotten the majority of his information about what is happening through his son, Ben, who is an experienced redditor. One of the subreddits Ben frequented was WallStreetBets, which allowed him and his father to watch the whole situation unfold from the very beginning.
Gary, who has been out of the business for 26 years, applauds WallStreetBets for their efforts and is honored that his company was the main catalyst for change.
WallStreetBets’ manipulation of GameStop stock exposed many unfair elements to the supposed “free” US market. While there is palpable anger at the treatment of the common investor during this time, it is unclear if that anger will be sustained long enough and channeled correctly to implement changes that seem necessary.
GameStop Founder Is “A Spectator” In Short Stock Controversy
https://screenrant.com/aoc-twitch-gamestop-robinhood-stocks-controversy/
