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Erstwhile comedian and full-time establishment mouthpiece Jimmy Kimmel has weighed in on the GameStop short squeeze situation with claims that the efforts to hurt parasitic Wall Street hedge funds is being driven not merely by amateur investors, but by "Russian disruptors."
Building upon long-debunked conspiracy theories about Russian collusion with the Trump administration, Kimmel joined in the growing chorus to disenfranchise efforts by Reddit's WallStreetBets community, which took on hedge funds trying to short sell GameStop, AMC, and other stocks.
"GameStop, if you don't know, is a video game store and like a lot of businesses they’ve been struggling because of COVID but also because most people buy games online now," said Kimmel in a Friday night monologue.
"And yet, despite a sharp decline in sales, over the past six months their stock price has grown by 8000 percent because a bunch of amateur investors, maybe even some Russian disruptors, who are part of a Reddit community called WallStreetBets decided to buy a bunch of GameStop stock and drive the price up and screw over the hedge fund guys who had shorted the stock.
"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."
While Kimmel didn't pull his punches with Wall Street, the message is clear: if you’'re part of the Reddit effort to take on the establishment, you're in league with the Russians.
Kimmel has been vocal in his efforts to marginalize the traders on WallStreetBets, going so far as to compare former Daily Show host Jon Stewart, who supports the movement, to former President Donald Trump.
Kimmel is not alone in his apparent efforts to manufacture public consent against populist efforts like WallStreetBets in defense of the financial establishment, which has been echoed by both Forbes and the Washington Post.
As documented by The Post Millennial on Sunday, the Washington Post ran an article defending hedge fund short sellers as the "good guys" of the GameStop short squeeze.