How Reddit almost CRASHED the Economy with a meme.
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The GameStop short squeeze has probably been one of the biggest events in recent Internet history, completely disrupting the status quo of the financial world of billionaire hedge funds. What happened with WallStreetBets, Reddit, Robinhood and the Stock Market will probably linger for years to come as a turning point in internet culture. Today we recap the events and talk about the larger implications, although there are most certainly many ramifications of this story that have yet to surface.
Interesting piece on how the stock market is being manipulated:
On short selling, Tesla and Gamestop:
Most heavily shorted stocks in January of 2021:
Hedge funds losing billions of dollars:
Robinhood capital infusion:
Andrei Terbea – Lead Animator
Stefan Popa – Assistant Animator
Nicoleta Toader – Producer
Background track: “Delusional (Instrumental)” by Spring Gang
Outro song: Joakim Karud – “Loudness & Clarity”
#GameStop #Reddit #WallStreetBets