[khawkins]

>The only reason Gamestop is going up is because of Tulip-mania. It's a classic bubble. Some early people on the hype train reaped eye-popping gains as more jumped on and bid up the price.

A cursory look at /r/WallStreetBets suggests this is statement is mostly wrong. You're suggesting the price is rising due to speculation/hype, but this phenomenon is fundamentally different. The reason for this rally is clearly activistic in nature, an attempt to bankrupt the hedge funds who engage in vulture capitalism.

Some might be greedy, but many aren't trying to make money and greed wasn't the cause of the rally. At the end of all this, there will absolutely be a redistribution of money, but even if the "diamond hands" investors walk home with a loss, they (hopefully) will have strangled a few hedge funds far greedier than the speculators who are taking advantage of this market dynamic.

This is far from a "classic bubble", driven by over exuberance, or a classic squeeze, driven by greed. This is an example of a new phenomenon that will change how hedge funds operate in the future.

[tomrod]

Perhaps classic is a bridge too far, but it is certainly a bubble!

[conductr]

> The reason for this rally is clearly activistic in nature, an attempt to bankrupt the hedge funds who engage in vulture capitalism.

That's a fun rally cry that happens to be true, but even if it wasn't true and the conditions existed naturally, these WSB folks just spotted an opportunity to make money and jumped on it like anyone else. Activism is just trash talk like much of this subreddit has always been.