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Wall Street versus the Redditors: the GameStop goldrush
Today in Focus
English - February 04, 2021 03:00 - 26 minutes - 41.7 MB - ★★★★★ - 649 ratingsDaily News News politics leadership health entrepreneurship news interview business entrepreneur culture comedy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: How the EU’s vaccine effort turned into a crisis
When a group of amateur investors on a Reddit messageboard began buying up stock in a video games retailer it forced huge losses on major Wall Street hedge funds that had bet against it. But following a trading frenzy the stock began to fall, almost as quickly as it had risen. Help support our independent journalism at theguardian.com/infocus