Robinhood, Reddit, and GameStop: A Stock Market Rollercoaster
Remember the chaos of January 5th, 2021, when Robinhood, Reddit, and GameStop became the talk of Wall Street? This episode takes you on a journey through that wild day, breaking down how a group of Reddit users managed to shake up the stock market and capture the world's attention. Andrew J. Schreier dives into the nitty-gritty details, exploring whether the stock market is turning into a form of gambling.
He brings in perspectives from various angles, making it clear that this isn't just about stocks—it's about social media's power and the unpredictable nature of modern finance. Whether you're a seasoned investor or someone who only hears about stocks on the news, this episode offers a fascinating look at a moment when everyday people took on Wall Street and won, at least for a while.
You'll get a deeper understanding of how these events unfolded and what they mean for the future of investing.