5 Financial ‘Bubbles’ That Made Gamestop Look Like Nothing

In recent days, amateur investors coordinated on social media to buy massive quantities of stock in GameStop, AMC Entertainment, and other companies. After multibillion-dollar hedge funds took massive losses due to the rising prices, trading platforms — including Robinhood, which claims to democratize finance — halted trading of GameStop’s shares. 

There are many important themes to consider with this incident — especially the power of financial elites and government regulators over access to the markets. Regardless of its implications for American society in 2021, future financiers will likely study the GameStop incident, perhaps as a bubble.