How Gamestop Bankrupted Wall Street | Case File #51 - a podcast by Boy Genius

An exhaustive breakdown of how Reddit bankrupted Wall Street using Gamestop stock. In late January 2020, a bunch of amateur stock traders in the subreddit /r/WallStreetBets decided that they would hatch a plan to drive up the value of stock shares in the ailing video game retailer, Gamestop. They bought up tons of the stock and within a few days the shares went up from $12 to over $400. Because a bunch of hedge funds had been majorly betting against Gamestop's stock improving, this move literally cost them billions and bankrupted a few of them. Here is the step-by-step walkthrough of how one of the craziest financial moments in American history happened.
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