Reddit vs Wallstreet - GameStop, The Movie

Summary by Krater

An explainer on the GameStop short squeeze of early 2021, detailing how retail investors on Reddit challenged hedge funds and the subsequent market fallout.

From the video

Answers: What was the GameStop short squeeze and how did Reddit cause it?

• GameStop short squeeze
• Reddit WallStreetBets
• short selling mechanics
• financial market speculation
• hedge fund losses

What it concludes

• Hedge funds overdrew and exposed themselves by shorting GameStop beyond 100% of its available stock.
• Retail investors on Reddit identified the hedge funds' vulnerability and coordinated a massive buying campaign to trigger a short squeeze.
• Robinhood and other brokers restricted trading on GameStop and other meme stocks, sparking public outrage and regulatory scrutiny.
• The GameStop short squeeze demonstrated the immense power of coordinated retail investors over traditional financial institutions.