I’m sure there are some broader lessons here about the power of online communities, the illusion of efficient markets, post-post-capitalism and everything else people like to project to it with their confirmation biases, but for now: a fascinating prank with real consequences. Ingredients: A struggling company, hedge funds betting on its decline, an online community willing to buy shares to teach the evil capitalists a lesson (and, maybe, yet another hedge fund in the background, pulling the strings).

From Weekly Filet #332, in January 2021.