In Janurary of 2021, a group on reddit known as WallStreetBets targeted a series of stocks on the open market to buy, leading to a massive spike in the price of the targeted stocks (Gamestop, AMC, Blackberry). These stocks were chosen because hedge funds and other groups were shorting the chosen stocks. This rapid increase in market price caused the targeted hedge funds to lose hundreds of millions of dollars. Despite significant backlash, WallStreetBets remains active today and continues to engage in this type of market populism.