After Hours

Bonus Episode: GameStop Traders Rock the Financial Industry

10 snips
Jan 29, 2021
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ANECDOTE

Gamestop Frenzy

  • Gamestop's stock surged due to retail investors on Reddit's WallStreetBets.
  • This sparked a battle with institutional investors shorting the stock, leading to a short squeeze.
INSIGHT

Populist Uprising

  • The Gamestop saga reflects a broader populist sentiment against Wall Street.
  • It highlights the perceived disparity between everyday people and powerful financial institutions.
INSIGHT

Glitch in the Matrix

  • Everyday traders exploited a system loophole, capitalizing on a short squeeze.
  • While some profited, others likely bought high and will suffer losses.
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