WallStreetBets vs. Hedge Funds
The Rise and Fall of GameStop Stock and the Meme Stock Wave
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WallStreetBets vs. Hedge Funds
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Narrated by:
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Kasey Carollo
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Written by:
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Cyrano Brixton
About this listen
On January 28, GME stock exploded to $400 per share, making a bunch of relatively unknown people millionaires. Often called a meme stock, GME was one of a handful of companies that benefited from the singular events that took place in the stock market in the early months of 2021. With these events in the rearview mirror, we’re finally ready to examine what really happened and whether anyone benefited from them.
In WallStreetBets vs. Hedge Funds, veteran market observer Cyrano Brixton takes you through the entire saga in detail, and also provides vital background information that will help you make sense of events. You’ll read about:
- How a few tweets led to a massive rise in GME prices
- Why Robinhood really suspended trading in meme stocks
- How the irresponsible actions of a few billionaires led to mania in the market
- The fate of the hedge fund caught on the wrong side of GME
- What the future holds for the stock market and investing in general