| The Reddit trading target we really need to talk about isn't GameStop Corp. or AMC Entertainment Holdings Inc. It's Nokia Oyj. While shares of GameStop and AMC have surged as bands of Redditors have piled in, Nokia stock is the biggest gainer in Europe this week for the same reason. At one stage this week, shares in the Finnish company that are listed in the U.S. jumped 63% before falling again. That's a far more worrisome phenomenon. To be clear: For the people involved in GameStop or AMC, the recent share surges may be life-changing. It's creating gobs of wealth for some, destroying the short positions of others, and leaving employees of those companies goodness only knows where. But neither GameStop's video game stores nor AMC's cinemas are, in any real sense, systemically important. The telecoms networks that Nokia builds, however, are. If the r/WallStreetBets phenomenon has, to some extent, been fun and games, the targeting of Nokia stock is a real cause for concern. Read the whole thing. GameStop Is Just a Game — Matt Levine GameStop Is Rage Against the Financial Machine — John Authers China's Billionaires Aren't As Rich As They Look — Shuli Ren The GameStop Game Never Stops — Matt Levine Say Goodbye to the Senate Filibuster — Jonathan Bernstein How Will the GameStop Game Stop? — Matt Levine The Dollar's Crash Is Only Just Beginning — Stephen Roach China's Latest Celebrity Scandal Hits a Raw Nerve — Adam Minter Forget TikTok. Clubhouse Is Social Media's Next Star. — Tae Kim This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. | 
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