Although overwhelmed by the use of memes, Diamond Hands: The Legend of WallStreetBets captures a voice and flavor for why GameStop, Robinhood, and WallStreetBets have a meaningful place in history.
It’s a zippy, entertaining approach that offers a surprising degree of insight into the psychology that produced the GameStop phenomenon. Investors played with serious money, but their mind-set was a farcical dive into hyperspace — a week of gambling in a cyber-Vegas that, for some, was worth the hangover.
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ColliderTherese Lacson
ColliderTherese Lacson
At the very least, Diamond Hands is an entertaining and informative look at a moment in time when the many overcome the few, but it doesn't land solidly enough to leave a lasting impact.
It reaffirms the ways the bootstrapping narrative can never be wholly possible in a broken capitalist environment. It connects the RobinHood boom with the rise of cryptocurrency. And it makes one say: it’s time to burn it all down.
Compelling, yet lacking a broader perspective that would have elevated this from book report to a serious and groundbreaking new dialogue, “Diamond Hands” follows the lead of its most vocal subjects: in fast, out faster, and utterly out of its league in a scenario where it could make a difference.