GameStop is working because the hedge funds overcommitted. They backed themselves into a corner, on the assumption that no one would or could take advantage of their vulnerability. WallStreetBets saw this, and saw the opportunity to make a lot of money while sticking it to someone who totally deserves it.
Theoretically, Wall Street makes this kind of high-exposure play all the time. So there may be more opportunities in the future to punish them for their arrogance in the future. But it's dependent on them making themselves vulnerable in the first place.
That's not how this works.
GameStop is working because the hedge funds overcommitted. They backed themselves into a corner, on the assumption that no one would or could take advantage of their vulnerability. WallStreetBets saw this, and saw the opportunity to make a lot of money while sticking it to someone who totally deserves it.
Theoretically, Wall Street makes this kind of high-exposure play all the time. So there may be more opportunities in the future to punish them for their arrogance in the future. But it's dependent on them making themselves vulnerable in the first place.