Maybe building a foundation the hedges are victims.Very curious about why MarketWatch, who The Citadel has a significant ownership stake in, would put out this type of article, calling out this behavior:
Froth and FOMO are being used to create meme stocks, and fake meme stocks
Social media action is now actionable investment data, but meme stock insiders say that some bad actors are using this new metric to push new, unworthy...www.marketwatch.com
“ If that investigation will include possible pump & dump schemes being orchestrated by bad actors on WallStreetBets, Curran says that the SEC will be very interested in one thing.”
In that article they stopped short of saying big banks and hedges swarmed in on WSB in late January and turned it into something more sinister.