This week marks the one year anniversary of the redit take down of wall street. The popular trading platform shut down trades from people who wanted to buy shares of gamestop. It was heralded as the try umph of the average investor, meaning some 25 year old in his mombs basement over the hedge funds. To celebrate that one year anniversary, i celebrates maybe a imprecise word, but to mark that iversary to day, we're chatting with spencer jacob. He is an award winning colunist at the wall street journal and the author of a book called the revolution that wasn't. Read it robin hood and the craziest financial story, not
#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.
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