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NJ Spotlight News | How the GameStop squeeze shows the power of social media | Season 2021

  Copy link into your clipboard //media-entertainment.news-articles.net/content/ .. shows-the-power-of-social-media-season-2021.html
  Print publication without navigation Published in Media and Entertainment on by PBS
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
It's a case of individual traders trying to outsmart the Wall Street experts.
The video from PBS, titled "How the GameStop Squeeze Shows the Power of Social Media," discusses how a group of retail investors, coordinated through social media platforms like Reddit, significantly influenced the stock market by driving up the price of GameStop shares. This event, known as the GameStop short squeeze, highlighted the power of collective action among individual investors to challenge large hedge funds and Wall Street institutions. The video explains that through platforms like the subreddit WallStreetBets, these investors shared information and encouraged each other to buy and hold GameStop stock, causing a massive increase in its value and resulting in significant financial losses for hedge funds that had bet against the company. The phenomenon raised questions about market manipulation, the role of social media in financial markets, and the democratization of investing.

Read the Full PBS Article at:
[ https://www.pbs.org/video/how-the-gamestop-squeeze-shows-the-power-of-social-media-1611945964/ ]