video UK · 30 January 2021

GAMESTOP: Why did Reddit humiliate Wall Street - Gary on LBC News with Chris Golds

This video explains the GameStop stock surge, detailing how Reddit users, frustrated by economic inequality and market manipulation, collectively drove up the struggling retailer's share price. It covers the role of short selling by hedge funds and the subsequent market review, framing it as a rebellion against Wall Street by ordinary people.

By Gary Stevenson

Featuring Chris Golds

Mentions Jeff Bezos, Elon Musk

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Arguments in this video

Untaxed wealth discourages working-class enterprise Gary Stevenson · 01:57
“work isn't working for me I'm not making any money and the super rich are just getting super rich on the stock markets and they want to get involved”
Government spending is too high Gary Stevenson · 05:23
“the fact is you know governments have printed lots of money that's how they've dealt with this crisis and that means there's a lot of money spilling about in th”
Curbs extreme inequality Gary Stevenson · 01:46
“the richest people in the country like jeff bezos the value of their companies are doubling and this is on the back of 10 years of stock markets exploding in th”