How Reddit almost CRASHED the Economy with a meme.

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Published 2021-02-24
The GameStop short squeeze has probably been one of the biggest events in recent Internet history, completely disrupting the status quo of the financial world of billionaire hedge funds. What happened with WallStreetBets, Reddit, Robinhood and the Stock Market will probably linger for years to come as a turning point in internet culture. Today we recap the events and talk about the larger implications, although there are most certainly many ramifications of this story that have yet to surface.


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SOURCES:


Interesting piece on how the stock market is being manipulated:
bit.ly/3kh4G39


On short selling, Tesla and Gamestop:
on.mktw.net/3qMwkaJ

Most heavily shorted stocks in January of 2021:
bit.ly/2ZJMS7q


Hedge funds losing billions of dollars:
bit.ly/2MkFIna


Robinhood capital infusion:
on.ft.com/3usvG4H


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CREDITS:

Andrei Terbea - Lead Animator

Stefan Popa - Assistant Animator
www.instagram.com/jtefe.ro/

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MUSIC:

Background track: "Delusional (Instrumental)" by Spring Gang
Outro song: Joakim Karud - "Loudness & Clarity"
youtube.com/joakimkarud


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#GameStop #Reddit #WallStreetBets

All Comments (21)
  • @user-tp7ip8tf8t
    imagine studying the stock market for literal years and losing billions to people who call them stonks
  • @MrFizzy-xr2fp
    The funniest thing I find about this is that a person who has studied the stock market for years is being beaten by someone on the internet named furryunicorn69.
  • @keelanbrown7747
    Robinhood: gives to the poor The poor: "Yay I'm rich" Robinhood: y o u a r e w h a t
  • Old Rich People: If You Working Class Want Money, Buy Stonks Working Class: *Buys GameStop Stonks Old Rich People: You Weren’t Supposed To Do That
  • @Murpler
    investors: about to bankrupt gamestop internet: hippity hopity, gamestop is not your property
  • @sixscorpion8169
    I like the fact that He used the Monopoly guy and the Pringles guy as the Wallstreet billionaires
  • As the stock market goes through this bear market phase of declining prices, it is not surprising to see newbie investors get worried about their portfolios declining in value. In the short-term, you have zero control over the ups and downs of the market (driven by emotions, manipulation, news, algos etc..), SO there is no point trying worrying about it. The only thing you should is to either ignore it OR take advantage of it (consistently adding more shares at discounts).
  • @BrotherNar
    "Let the people trade" People: trades "You're not supposed to do that"
  • @TimeBucks
    I really didn't understand this at first
  • @Sillimant_
    "nooooo you can't manipulate the stock market, only we can!!" they got what they deserved
  • @Aaleg
    Economic crashes before “Bro the economy crashed” “That’s crazy, this is terrible” Economy crashes now “The economy crashed” “K”
  • @venomase5572
    why does animated elon musk look more like elon musk than elon musk
  • @retroswags8368
    The entire situation summarized in one sentence: Billionaires complain because capitalism worked against them
  • Moral of the story: no matter how powerful someone seems, the underdog can do an alarming amount of damage if they play their cards right. Someone studying the market for YEARS almost got yeeted by a Reddit troll😂
  • @gyrg_
    I like the detail at the monopoly game where the giant hedgefunds ONLY have 6’s on their dice, resembling their power in the stockmarket, nice touch!
  • @vic_7806
    Rich people: manipulate the stock market fpr their own gain Reddit users: do the same Rich people: wait no
  • @gracienoble2880
    I'm still not over "What should I do?" "Draw a green line upwards to the right corner of your screen"
  • @elvismark5172
    Thanks for this amazing information !! Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong and trustworthy portfolio in order to produce passive income.