Banking Bad: GameStop, How Reddit Users Brought Wall Street to its Knees

💸Welcome to Banking Bad - a podcast series featuring six true-crime stories from the world of money.

Keith Gill, aka RoaringKitty and DeepFuckingValue, is a financial analyst and online trader who challenged Wall Street with GameStop, a retailer on the verge of bankruptcy. He shared his trades on Reddit, attracting a crowd of followers who bought GameStop shares, driving up the price and hurting hedge funds that had shorted the stock. In today’s episode, financial journalist Iona Bain and I look at how the GameStop saga stands as a testament to the potential impact of individual investors challenging established norms, and the key things investors can learn from this rollercoaster of a story.

RESOURCES

Full article: https://www.vestpod.com/news/the-wallet-podcast/gamestop-saga

Listen: https://pod.link/1520695849/episode/d2e2adc2602913a7c584904eccc0351c

Iona Bain: https://twitter.com/ionayoungmoney

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