The victims of the GameStop saga will be trading platform Robinhood investors and the movement was “doomed from the beginning”, co-founder of investment fund Pimco Bill Gross has said.

“The victims in the GameStop experiment have and will continue to be the Robinhood investors storming the gates of capital markets (for which they have an admirable objective of creative destruction of hedge fund/old Wall Street dominance) without the size, the endgame plan, and the mathematical option pricing expertise to succeed,” said Gross.