https://www.bloomberg.com/news/articles/202...have-broken-out

Tl;dr version:

Mods who have been actively taking care of the subreddit and took it to where it is now had their rights revoked by users who came back after years of inactivity. Most likely money motivated. One of the earliest founders, who everyone knows is an asshole that did the same thing before getting oystered, managed to sell his story to the movies for (low side) of six figures despite contributing hardly anything to what led to wallstreetbets taking on wallstreet, prompting interested original mods to come back to profit off the market moving sub. Other mods are voluntarily stepping down as new accounts have been added to moderate the subreddit. There is speculation the new group of previously inactive mods and newly added ones are linked to hedge funds. All this has led to users leaving and joining off-subs.

it is a $5 dollar worth stock

not $20

that is the reason Melvin shorted them in the very first place back then

i'd say fundamental 20 is ambitious. they'd need big loans or dilution to get any plans off the ground even without the lower revenue, or the fact that theyre moving against established competition.

Our investors were happy too. The early-stage ones made huge gains, and the later-stage ones earned significant money. Investing in Chewy had made a lot of careers, and I’m proud of that. Those investors put their trust in me and my vision, and I repaid them with returns. The same would soon be true for BC Partners and PetSmart.

....

When I think back to why raising the money to help grow the business was one of the best moments of my life, I realize it’s because the journey was far more exciting than getting to the finish line. I relished the challenges of disrupting an entire industry and trying to delight customers to a degree that had never been achieved before. The excitement I felt from putting together a world-class team of employees and investors, succeeding against all odds, and building a multibillion-dollar retail leader from nothing was unequivocally the greatest of my career.