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Economic Sociology Pt. 2 (MONEY/FREAKONOMICS) with Steven Levitt and Anna Gifty Opoku-Agyeman
Ologies with Alie Ward
What Is Happening With the Game Stops and the Robin Hoods?
The game stop phenomenon has been going on for a few weeks. It involves short selling, where an investor borrows a stock and waits for it to fall further. Wall street is now panicking because people who are playing the game aren't supposent to be playing the game. The price of Gamestocp was worth five dollars or something two weeks ago, and wall street bets drove it up to almost 500 at its peak yesterday.
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