Explaining The GameStop Saga

Welcome to the Redditor podcast! Here you will find all of Redditor's best Reddit stories from his YouTube channel. This is episode 119. On the 27th of January 2021, Melvin Capital finally accepted defeat, and closed out their position in GameStop, losing the investment fund over $6 billion dollars. How exactly did this happen? Well, this is the story of how the subreddit r/WallStreetBets cost Wall Street billions.Listen to all my reddit storytime episodes in the background in this easy playlist: https://www.youtube.com/playlist?list=PL_wX8l9EBnOM303JyilY8TTSrLz2e2kRGThis is the Redditor podcast! Here you will find all of Redditor's best Reddit stories from his YouTube channel. Hosted on Acast. See acast.com/privacy for more information.