Eat the rich: How Redditors squeezed hedge funds on GameStop stock
The video game and electronics retail company GameStop has been going bonkers on the stock market after a group of Redditors decided to declare war on hedge funds and other institutional investors who were betting that the stock was overvalued.
The Week in Philly from KYW Newsradio
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Show Notes
The video game and electronics retail company GameStop has been going bonkers on the stock market after a group of Redditors decided to declare war on hedge funds and other institutional investors who were betting that the stock was overvalued. Was it overvalued? Probably, and that's not the point. Today on KYW Newsradio In Depth we're breaking down what happened when r/wallstreetbets took on the hedge funds, and Keith Wright, Professor of MIS and IT Strategy at Villanova University joins the podcast to explain the ripple effects and what it all means.
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