Buy GameStop, Fight Injustice. Just Don’t Sell.
The New York Times
One year in the trenches of the meme stock revolution.
It has been a year since Mat Bowen, who was the pastor of a small church in Gibson City, Ill., had the dream — the one where Elon Musk, the head of Tesla, urged him to buy Dogecoin.
Mr. Bowen had just begun to dabble in investing. He soon discovered WallStreetBets, the online forum on Reddit where throngs of small investors were plotting to buy shares of GameStop, the troubled video game retailer, in a bid to teach Wall Street a lesson. Some hedge funds had bet that shares of GameStop would fall. Instead, they took off, as the investors banded together last January to drive the price up more than 1,700 percent.
Caught up in the frenzy, Mr. Bowen bought GameStop, too. In July, he quit the church to become a full-time trader, convinced he was joining a fight against financial injustice.