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The GameStop bubble isn’t a revolt against Wall Street

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Yahoo! Finance: SI=F News

The GameStop short squeeze has been described as a revolt against financial capitalism, or the realization of Occupy Wall Street. This is like calling the movie Air Bud a critique of basketball because a golden retriever proved surprisingly good at the game. Indeed, some of the biggest profiteers from this week’s market action are asset managers like BlackRock, market-making hedge funds like Citadel, and the private equity giant Silver Lake.

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