322: The Gamestop investment story, plus SBF and FTX
322: The Gamestop investment story, plus SBF and FTX

322: The Gamestop investment story, plus SBF and FTX

Kwadwo Sheldon

39 min
Comedy & Entertainment
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Description

<p>The boys drink and review RAR&#39;s Groove City Hefeweizen, then review short selling, the Gamestop story, Sam Bankman-Fried, and FTX. </p> <p>After watching the Netflix &quot;Eat the Rich&quot; series, the boys remembered their interest in the Gamestop story, so they consulted their financially intelligent friends, Hansel and Gretel, to get up to speed on what happened and why. </p> <p>It&#39;s a fascinating story where &quot;retail investors&quot; who frequented the &quot;Wallstreetbets&quot; Reddit group stuck it to the institutional investors and caught them in a short squeeze. </p> <p>The retail investors sent the stock rocketing up, which was putting the institutional investors in a bind, then Robinhood -- the platform most of the retail investors used -- shut down all purchases of Gamestop. </p> <p>The story makes you believe the system is rigged for the benefit of the big, instutional investors. </p> <p>Along the same lines, the boys discuss the Sam Bankman-Fried story, and how he fooled the world with his phony empire built on pretend money. </p>

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kyle.morris

kyle.morris

322: The Gamestop investment story, plus SBF and FTX - Listen Free | WowFM