Glenn Greenwald has written a great article (also linked on this post), on journalistic snooping and the war on privacy. Matt Taibbi has strongly endorsed Greenwald’s article, and has followed up with his own (paywalled).
(Subheading: In a blowout comedy for the ages, finance pirates take it up the clacker.)
It’s all really worth reading, but here’s Taibbi’s summary:
[E]verybody “understands” what happened with GameStop. Unlike some other Wall Street stories, this one isn’t complicated. The entire tale, in a nutshell, goes like this. One group of gamblers announced, “Fuck you!” Another group announced back: “No, fuck YOU!”
That’s it. Or, as one market analyst put it to me this morning, “A bunch of guys made a bet, got killed, then doubled and tripled down and got killed even more.”
Taibbi interviews one of the GameStop gamers.