“The Big Squeeze” GameStop and the Battle Between Wall Street and WallStreetBets

In light of the unprecedented financial conflict between short-selling hedge funds and invigorated Reddit users that has caused the share price of GameStop Corp. to climb over 1,000% over the past week and led to Wall Street hedge funds incurring losses in excess of US$5 billion, this article considers how this all happened, if this could happen in Australia and if this would be legal under Australian law.