How Lulz Took Down Wall Street

r/WallStreetBets delivered cybernetic karma to those who deserve it

Douglas Rushkoff
OneZero
Published in
6 min readJan 29, 2021

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Photo: JIM WATSON/AFP/Getty Images

As the hedge fund billionaires suffering catastrophic losses in the r/WallStreetBets activist campaign now realize, we reap what we sow. Even more so in a digital age.

Norbert Wiener tried to warn us way back in the 1950s that digital technologies would be cybernetic in…

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Douglas Rushkoff
OneZero

Author of Survival of the Richest, Team Human, Program or Be Programmed, and host of the Team Human podcast http://teamhuman.fm