Cathie Wood says meme stocks like GameStop aren't Ark Invest's thing ? but she won't criticize retail traders for going after them
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Summary
Maybe those people are going to be wrong,'" she said.In January 2021, retail traders collaborated on Reddit forums like WallStreetBets to lift the price of GameStop, AMC, and other highly-shorted stocks, with the aim of taking a profit as hedge funds covered their short positions.
As said here by Shalini Nagarajan