Explaining The GameStop Saga

<p>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.</p><p><br></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>