The subreddit r/WallStreetBets has been at the center of a national story this week involving GameStop and a couple of angry hedge funds. To help us understand what’s happening, we call up Planet Money co-host Robert Smith. Then, we speak to Redditor u/Hungry_Freaks_Daddy who hopped on board the GameStop train earlier this week and says he has nothing to lose.
- The Indicator, a show from the people who make Planet Money, also tackled this topic this week: "GameStop And The Short Squeeze"
- Redditor u/Hungry_Freaks_Daddy's now-deleted post on r/WallStreetBets: "A message to everyone on Wall Street from somebody with nothing to lose. You only think you're in control."
- For more on short selling, check out this explainer using the movie Trading Places (1983) as a case study.
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