If Books Could Kill cover image

The Meme Stock Cult [TEASER]

If Books Could Kill

00:00

The Rise and Fall of GameStop

A Reddit community known as Wall Street Bets is a place where people gamble with stocks. One member invests $53,000 into call options on the stock he's shorting. The community does not actually particularly give a shit about Keith Gill's investment thesis because that's not really what they care about. To understand the conspiracy theory you need to understand the basics of shorting stocks and short squeezes.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app