Short Squeeze

Bonus Episode with Ben Mezrich New Book is out now: The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees Ben Mezrich has carved out a niche in narrative non-fiction around stories about people taking big risks, trading in financial markets, and advantage players in games like poker and blackjack. He graduated magna cum laude from Harvard in 1991 and is the author of 23 books including the 2002 blockbuster New York Times bestseller, Bringing Down the House: The True Story of Six MIT Kids Who Took Vegas for Millions. He's also written about the founding of Facebook and the early days of Bitcoin. Today he joins us to talk about his most recent book, The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees. https://bookshop.org/books/the-antisocial-network-the-gamestop-short-squeeze-and-the-ragtag-group-of-amateur-traders-that-brought-wall-street-to-its-knees/9781538707555 https://www.amazon.com/gp/product/B092VGQJ1F/ref=dbs_a_def_rwt_bibl_vppi_i0 https://twitter.com/benmezrich

Episode 4 of Short Squeeze: The story of how WallStreetBets went up against a hedge fund and sent GameStop to the moon

Episode 3 of Short Squeeze: The story of how WallStreetBets went up against a hedge fund and sent GameStop to the moon

Episode 2 of Short Squeeze: The story of how WallStreetBets went up against a hedge fund and sent GameStop to the moon

Episode 1 of Short Squeeze: The story of how WallStreetBets went up against a hedge fund and sent GameStop to the moon

Nearly one year ago, GameStop stock was trading under $4 a share. This past month, it would rise to an intra-day high of over $480. The sharp move happened over just a few days, with momentum building like a snowball, marking one of the biggest short squeezes in history. At first, the story started out much more boring: value investors hunting for bargains. We'll explore this story from all angles. The Reddit message board, Wall Street Bets, with millions of retail investors going long. Melvin Capital, the New York based hedge fund that lost billions shorting the stock. Citron Research and Andrew Left, famous for putting out short-based research reports. Robinhood App, a popular brokerage with younger people, which offers no-fee trades. Investors like Michael Burry and Scotty Jackson, who run small hedge funds. The complex inner workings of the financial system—what exactly happens behind the scenes after you click buy or sell. And the market makers based out of Chicago, not Wall Street, who receive order flow. And the man at the center of it all, Keith Gill, also known as Roaring Kitty on his YouTube channel, and Deep F-ing Value on Reddit—who turned around $50,000 into millions. Some say it's a populist tale of the average Joe or Jill versus the suits. And others claim it was just reckless gambling. But in the end, it's a story as old as time—hype and momentum, mixed in with animal spirits, and a pinch of FOMO for good measure. The pendulum of price, swinging from fear to greed, and back again. So grab your popcorn or maybe some chicken tenders and settle in. From TwinPalmsProductions, this is Short Squeeze. The story of how WallStreetBets went up against a hedge fund and sent GameStop to the moon.