Wallstreet bats is about hacking the system and making money. But that's not what it became about for a short while, until you met people who basically were all about blowing up hedge founts. And they did sell. So once the smoke cleared and you looked at the figures, they sold. Like lots of people who who got in early sold and made money. They did not stick around. There are support groups for people who who lost money on these mam stocks. i feel really sorry for the people who cand have stayed in there and absorbed losses.
#361: Wall Street Journal columnist Spencer Jakab marks the one-year anniversary of that weird time when the subReddit Wall St Bets pumped shares of meme stocks like GameStop and AMC Theaters, triggering a short squeeze that forced several hedge funds to lose billions.
What did we learn from that experience? And how do we actually take down Wall Street? How do we launch a truly effective financial revolution?
We share those insights in today’s episode.
Subscribe to the show notes at https://affordanything.com/shownotes
Learn more about your ad choices. Visit podcastchoices.com/adchoices