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“It’s a Whole Other Level of Insanity”: How Pandemic Day Traders Are Turning Wall Street Upside Down

Sudden spikes in the value of bankrupt Hertz and joke cryptocurrency Dogecoin are upending the market as hobbyist traders on Reddit and Robinhood go rogue. “It doesn’t really matter what the underlying value of the stock is,” says one. “If there’s enough momentum behind it, you can still make money.”