Who cares. It's the stock market. You aren't guaranteed a profit. It doesn't give a shit about protecting you. People have been making stupid financial decisions for decades...some people are going to make a lot of money and others will lose their shirts. Same with the bitcoin people, the tesla people, etc etc.

This isn't new...there are gamestops every couple of years. This is just an extreme version in a year when everyone is online 24/7.