3min chapter

Masters in Business cover image

Aswath Damodaran on the Future of Business Education

Masters in Business

CHAPTER

The First Crowd Short Squeeze in History

When GameStop took off, I went from $20 to $400. Obviously caught my attention because if you think about it in our... $20 it was three or four dollars. The short sellers are basically, it seemed on a pathway to zero. It seemed like that was going to be the end game and then all of a sudden you had this group on Reddit,. Wall Street Bets and then of course you had the push up that they collectively did. When that happened, part of me said this has happened before so I'm not going to get extra heart under the collar because of it. Clearly, this has nothing to do with value. It's got to do with mood and

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