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Reddit Outwits Wall Street, GameStop Shorts Implode

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Wall Street gets owned by Reddit. Ana Kasparian and John Iadarola discuss on The Young Turks. Support TYT by becoming a member: http://tyt.com/join

Read more HERE: https://www.wsj.com/articles/how-gamestops-reddit-and-options-fueled-stock-rally-happened-11611743400

"Shares of a handful of firms such as GameStop Corp. and BlackBerry Ltd. have posted triple-digit gains in recent weeks, part of a frenzy whipped up by individual investors. Here’s what you need to know.

Shares of GameStop are up more than sevenfold in 2021, compared with a 2.5% rise in the S&P 500. The Grapevine, Texas, videogames retailer has become a favorite of online traders who invest in companies championed on the Reddit forum WallStreetBets."*

Hosts: Ana Kasparian, John Iadarola

Cast: Ana Kasparian, John Iadarola

***

The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.

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210127__TA01_Reddit_Takedown
Category
Europe
Tags
210127__TA01_Reddit_Takedown, News, Politics
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