How Did This Become the Meam Stock?

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"He could have wound up ing wrong about this and los all his money because he was taking a big gamble. But he's playing the odds, and he he liked what he saw, and he thought his odds were were ok." "I think had that been his attitude all along, i think he would have made twice or four times or eight times his money and sold away before the peak," she says of short seller who turned 50 grand into 50 million.

#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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