Explainer: How amateur traders on Reddit sparked a Wall Street 'bloodbath'

Dismissed as 'dumb money' established Wall Street now has to take notice of amateur retail traders

Hedge funds have suffered heavy losses as a result of the internet-fuelled surge in stock prices of certain companies.

It is being described as the David Vs Goliath of the financial world.

Some established hedge funds handling billions in trades have suffered major losses due to the actions of individual amateur investors who have come together on message boards like Reddit and Discord to boost the share price of companies the investors had hoped would fall.