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GameStop, Reddit, and Robin Hood: How r/WallStreetBets gamed the stock of GameStop

The Vergecast

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Pandemic and the Rise of Memes in Trading

This chapter discusses the complexities of the COVID pandemic, focusing on vaccination challenges and societal impacts while underscoring the need for accurate reporting. It transitions into the unexpected evolution of internet memes, particularly through the r/WallStreetBets community, illustrating how a lighthearted meme culture contributed to a significant financial crisis with GameStop's stock. The chapter also explains the mechanics of short selling and options trading, examining the ethical implications and the powerful role of retail investors in reshaping traditional market dynamics.

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