i have three sons, and my oldest boy had a lot of friends who were involved in this. He was a member of wallstreet bets. None note of my family were involved in any of these stocks. But tat's how he put it to me. It was a pump without the dump. And that'ss that was really so tit's very hard to do and very, very unusual.
#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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