Artwork

Content provided by Emilie Bellet. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emilie Bellet or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

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

27:27
 
Share
 

Manage episode 385275323 series 2833859
Content provided by Emilie Bellet. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emilie Bellet or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

💸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


SPONSOR

Thank you to our partner PensionBee: combine, contribute and withdraw online. Take control of your pension, so that you can enjoy a happy retirement and join 223,000 customers saving with PensionBee. https://www.pensionbee.com/vestpod


When investing, your capital is at risk. Investments can go down as well as up, and you may get back less than you invest.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

188 episodes

Artwork
iconShare
 
Manage episode 385275323 series 2833859
Content provided by Emilie Bellet. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emilie Bellet or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

💸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


SPONSOR

Thank you to our partner PensionBee: combine, contribute and withdraw online. Take control of your pension, so that you can enjoy a happy retirement and join 223,000 customers saving with PensionBee. https://www.pensionbee.com/vestpod


When investing, your capital is at risk. Investments can go down as well as up, and you may get back less than you invest.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

188 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide

Listen to this show while you explore
Play