
Surrounded by rallies of “power to the people,” a rag-tag group of scrappy underdogs recently managed to bring Wall Street to its knees through a dazzling display of disobedient investing that saw Gamestop stocks rocket Moonward. This unprecedented seizure of power by the proletariat has been lauded far and wide as a smack in the mouth for the establishment. Some say it’s a warning shot to the financial kings and queens of the Earth. The “Gamestonk” legend will be told for years to come – Hollywood‘s already making sure of that. But the story is far from done. As any fan of epic cinema knows: anytime there’s a New Hope, you’d better believe the Empire will Strike(s) Back. I’m not being subtle here because the story’s pretty simple: rebel investors beat Wall Street at its own game… this time. If you need an explainer on what happened here’s a great in-depth one.
Article Link – https://thenextweb.com/neural/2021/02/01/artificial-intelligence-and-the-gamestonk-blowback/
Discussion Questions:
- Identify three key takeaways from the article. What did you find most interesting?
- How can AI be used to prevent these types of issues from occurring?
- How was social media used to help organize the actions that took place concerning the GameStop stock situation?
- Do you think these types of market manipulation should be illegal? Why or why not?
Source: Tristan Greene, “https://thenextweb.com/neural/2021/02/01/artificial-intelligence-and-the-gamestonk-blowback/”, www.thenextweb.com , February 1, 2021.
