What’s with the Reddit v Wall St rumble – and why is the GameStop stock soaring?

 

This story ticks all the boxes of being a big cultural ‘moment’ of our time? It involves the internet; it’s got the internet mob and meme culture element and even Elon Musk is tweeting about it.  We're joined by Scott Phillips from Motley Fool.

 

It’s got the little guy, the small-time internet investor, attacking the entrenched power and privilege of the big Wall St investors who’ve always had lots of access to information and control big enough amounts of money to move the markets. Not anymore.

 

In today's headlines:

• Australia secures an additional 10 million doses of the Pfizer vaccine

   

• Rain on the way as Perth bushfire losses rise

 

• Australian Open on track despite Covid-19 case

   

• Collingwood players pen apology after scathing racism report

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