5min chapter

If Books Could Kill cover image

The Meme Stock Cult [TEASER]

If Books Could Kill

CHAPTER

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode