Jimmy Kimmel referred to some amateur investors affiliated with a Reddit channel as “Russian disruptors” who invested in GameStop stock during his Friday night show.
During a segment of “Jimmy Kimmel Live,” Kimmel said that since people are mostly buying games online, GameStop has experienced a sharp decline in sales. However, GameStop stock has continued to increase over the last six months, mostly due to amateur investors.
“Despite a sharp decline in sales, over the past six months their stock price has grown by 8,000% because a bunch of amateur investors, maybe even some Russian disruptors, who are part of a Reddit community called Wall Street Bets decided to buy a bunch of GameStop stock and drive the price up and screw over the hedge fund guys,” Kimmel said.
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Kimmel added that the incident upset people who work for hedge funds, who are now calling for an investigation into the Reddit sub-group who “manipulated the market,” video shows.
“Now the hedge fund guys are upset and they’re pushing for an investigation and they’re like ‘we can’t have a bunch of randos from Reddit manipulating the market. That’s what we do. Stealing our things,'” Kimmel said.
He compared the situation to popular high school football players betting against a nerdy girl for prom queen until the “nerds” join together and rig the election, video shows. (RELATED: What Comes Next For Robinhood And Reddit After Last Week’s GameStop Trading Frenzy?)
Kimmel also had someone dressed as Mario to try to explain the GameStop – Reddit situation from an “expert” point of view, video shows.
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