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The GameStop saga has been all over the news, and for good reason. It's a story about the little guy sticking it to the big guys on Wall Street. But what many people don't know is that it was all started by a group of everyday folks on Reddit, including many black investors.

The stock market has never been a level playing field for black investors. Structural racism has made it harder for people of color to accumulate wealth and access the resources needed to invest in the market. But with the rise of online communities like Reddit, black investors have found a new avenue to connect with each other and share information about the market.

And that's exactly what happened with GameStop. A group of Reddit users discovered that a hedge fund had made a huge bet against the struggling video game retailer, GameStop. They saw an opportunity to turn the tables and stick it to the hedge fund by buying up GameStop shares and driving up the price.

What happened next was extraordinary. Thanks to the power of social media, the movement grew and grew, with more and more people joining in to buy GameStop shares and drive up the price. It was a classic David vs. Goliath story, with the little guys winning out in the end.

But the GameStop saga is about more than just a short-term win. It's a sign of the changing times in the stock market, and of the power of everyday people to come together and effect change. For black investors, it's a reminder that they too can be players in the stock market, and that their voices and actions can make a real difference.

So the next time you hear about GameStop, remember that it's not just a story about stocks and finance. It's a story about a diverse group of people coming together to take on the establishment and win. It's a story about black investors finding new ways to access the opportunities and resources they need to build wealth and create change.

S&p 500 on robinhood

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