Explaining The GameStop Saga
Redditor
Redditor
4.7 • 1.3K Ratings
🗓️ 31 March 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
Welcome to the Redditor podcast! Here you will find all of Redditor's best Reddit stories from his YouTube channel. This is episode 119. On the 27th of January 2021, Melvin Capital finally accepted defeat, and closed out their position in GameStop, losing the investment fund over $6 billion dollars. How exactly did this happen? Well, this is the story of how the subreddit r/WallStreetBets cost Wall Street billions.
Listen to all my reddit storytime episodes in the background in this easy playlist: https://www.youtube.com/playlist?list=PL_wX8l9EBnOM303JyilY8TTSrLz2e2kRG
This is the Redditor podcast! Here you will find all of Redditor's best Reddit stories from his YouTube channel.
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Transcript
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| 0:00.0 | What is going on everyone and welcome back to the pod. |
| 0:02.0 | Now before we get into today's episode first of all, can you do me a little favor? |
| 0:05.8 | Whatever platform you're listening on right now, go and press the follow, the subscribe, |
| 0:09.7 | whatever the button is, just go and click it. |
| 0:11.9 | That way you'll be notified when I post each and every day. |
| 0:14.7 | Also, if you're feeling super generous, please give me a five-star review. |
| 0:17.6 | That is the best way for me to grow this pod. |
| 0:19.7 | Okay, with that being said, thank you. |
| 0:21.2 | Let's get into the episode. |
| 0:24.8 | My name is Tristan Redman and I don't believe in ghosts. |
| 0:28.2 | Well, that is until I discovered that a faceless woman was haunting my teenage bedroom |
| 0:33.6 | and that my wife's great-grandmother was murdered next door, killed by two gunshots |
| 0:39.5 | to the face. |
| 0:40.7 | In a new podcast from Wondry and Pineapple Street Studios, I go where no sun in law should. |
| 0:46.0 | Into the depths of history to ask, did someone in my wife's family get away with murder? |
| 0:51.3 | In all episodes of Ghost Story, add free on Wondry Plus. |
| 0:55.1 | On the 27th of January, 2021, Melvin Capital finally accepted defeats and closed up their |
| 1:02.9 | position in GameStop, losing the investment fund over $6 billion. |
| 1:08.3 | How exactly did this happen? |
| 1:10.2 | Well, this is the story of how one subreddit, our slash Wall Street Betts, |
| 1:14.5 | cost Wall Street billions. |
| 1:16.6 | GameStop, the owner of Robert at Wall Street Betts, |
... |
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