What this story implies is what is generally true of the American "investing public". They are uneducated at best, fools at worst.

For this reason you have Crypto, Gamestop, casinos proliferating, etc.. To most Americans, assuring your financial security is mostly thought of as gambling: You win or you lose. And, of course, as a result our society is a winner-take-all society.

Since our government assumes little responsibility as a prime objective to assure the reasonable stability and well-being of everyone, most people sense the odds are stack against them. They rarely have enough money to set aside as they progress through life and are beset by education, childcare, medical and other costs such that they don't have space for learning how real investing works. For that reason, as well, a home is the only investment most Americans have.

Understanding equities and business models and financial performance and markets? Fuggetaboutit. LET'S GO TO THE CASINO... or crypto, or sneakers or cars or gamestop...

Until or politics stops thinking that "Socialism" is Soviet Russia rather than Germany, Denmark, Sweden, Holland, etc., we'll have to keep playing the odds.

Socialism is saying the institutions in society should be managed to assure everyone has a decent life and opportunity. Take the roulette table away.