Incase you haven't caught up yet, a subreddit with 2 million users decided to Bognadof the Gamespot stock, so much that 3 days ago it closed $40 US dollars, then yesterday it was $75 and just now when the market closed it was $145 US. Gamespot is now worth 10 billion dollars, the first time ever in it's history and Melvin Investment, a hedgefund that was short selling the stock has lost an estimated 6 billion dollars, after receiving a 2.75 billion bailout yesterday from 2 other investment firms. This really is entertaining to watch and is costing someone rich a lot of money.
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"Shuffling money around" is the backbone of any economy that has private ownership. It's an important role of banks, for example, and the phrase I'm familiar with that helps show it's benefits is "transferring funds from those who want to save money to those who want to borrow it" (i.e. from trader to "owner"). I think the problem with it stems from the fact that it's being done by huge companies that get to write their own rules and put themselves in too-big-to-fail scenarios. Don't knock actual individual investors, tho, because it's a super interesting way to make money while helping the economy function.