video UK · 4 February 2021

GAMESTOP: Armchair Investors - Gary on Sky News Podcast with Dermot Murnaghan

This video explains the GameStop short squeeze, detailing how individual investors on Reddit's WallStreetBets forum collectively bought shares in GameStop, driving up its price and forcing hedge funds that had bet against the company to incur significant losses. It clarifies the concept of short selling using a library book analogy.

By Gary Stevenson

Featuring Dermot Murnaghan

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Arguments in this video

Forces sale of illiquid assets Gary Stevenson · 09:24
“robin hood is saying it was simply a uh an issue of liquidity wasn't it in that they had to they had to they had to pay for the shares effectively before the mo”
Curbs extreme inequality Gary Stevenson · 13:25
“we need to start making the richest people actually contribute to fixing and paying towards these crises rather than just profiting from them”
Spending rises as living standards fall Gary Stevenson · 03:52
“because millions of people stuck at home here and also in the us can't work can't make an income and the stock markets have just been exploding right”