The GameStop short squeeze in early 2021 was the talk of the investing world. It had all the parts of a great story. It had some investors making massive profits, while others suffered huge losses. It had anonymous investors on social media as its heroes and hedge fund managers as it villains. It also had a significant social side to it, with many seeing it as an example of individual investors getting the best of Wall Street professionals.
But there is much more to the story than the popular narrative. In this episode, we go behind the scenes and get the real story from the Wall Street Journal’s Spencer Jakab, author of the new book “The Revolution That Wasn’t: GameStop, Reddit, and the Fleecing of Small Investors”. We talk about what really happened and what all of us can learn from it.