Billionaire hedge fund manager Leon Cooperman lashed out at small investors fueling the GameStop stock surge Thursday, warning traders that the frenzy will 'end badly'. Leon Cooperman lashed out at small investors fueling the GameStop stock surge during an interview with CNBC ThursdayThe Omega Advisors CEO was convicted of insider trading in 2016 and has a reported net worth of $3.2billion'I'm not saying they're stupid. The idea appeared to strike a nerve again on Thursday's interview as Cooperman claimed it was just a way to punish the rich. Robinhood on Thursday morning displayed an alert telling users who owned GameStop that they could sell the stock, but not buy it. Clips of Cooperman's on-air meltdown quickly ended up on social media where users couldn't help but ridicule the billionaire's contempt.

Source: Daily Mail January 29, 2021 00:19 UTC