Chapter
Gamestop Stock Frenzy
37:10 - 41:02 (03:52)
The Gamestop stock went up 100% in a day due to individuals on Reddit buying up the options calls that expire on Friday, causing short positions to be covered and professional investors to take notice.
Clips
The recent stock market surge of GameStop, Blackberry and other struggling stocks, typically seen as dying stocks, has been caused by a group of Redditors buying options calls and pumping up the hype of the stock.
37:10 - 41:02 (03:52)
GameStop
Summary
The recent stock market surge of GameStop, Blackberry and other struggling stocks, typically seen as dying stocks, has been caused by a group of Redditors buying options calls and pumping up the hype of the stock. The surge may be similar to the dotcom bubble, as professional investors warn, but for now it's mainly fueled by Reddit hype.