A short seller is in the opposite position. The most they can make is a hundred %. So they sell ta stock short, and then it goes to zero, and then they buy it back. It was a short squeeze, and these people caused the short squeeze to happen. They were talking about this, you know, for many weeks on the message board. And so this was all planned out and written about by some very sophisticated people who knew what they were doing. Know who they are? You don't have to be an active short seller to do that. But there were a few people who really didnt know wat they're talking about. I i and other people have tried to determine
#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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