
Today, Explained
GameStock
Jan 29, 2021
Matt Levine, a Bloomberg Opinion columnist, dives into the wild world of GameStop's stock surge, which skyrocketed by 1,700 percent. He explores how retail investors on Reddit turned the tides against traditional hedge funds, sparking a cultural revolution in trading. The conversation unpacks the controversial halting of trades by platforms and the trust issues it raises in financial markets. Levine also discusses the power of social media in influencing stock prices and the motivations behind individual investors challenging established norms.
28:13
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