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Lew Later

What's Actually Going on with GameStop?

Lew Later

Quickscope Media

Tech News, News, Technology

4.81.9K Ratings

🗓️ 28 January 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

Reddit, Robinhood, the stock market and Hedge Funds... What's going on with GameStop? Latercase - https://latercase.com

Transcript

Click on a timestamp to play from that location

0:00.0

Man this stock market stuff has got me all flustered

0:05.0

my whole feed my whole news feed Twitter feed all the feeds The world is focused in on what is happening, what originated

0:18.7

couple online communities, Wall Street Betts.

0:24.0

You know, I talked about it yesterday, it was one heat level.

0:27.8

Was that yesterday?

0:28.6

I don't even know.

0:30.4

And I'm back here and it's a whole nother level now because things have transpired

0:35.8

It's gotten crazy. So I was up till 2 a.m. I'm reading about this thing and I just I want to give people a little bit of a recap

0:42.3

Since I did a terrible job talking about this yesterday.

0:45.8

Uh-huh.

0:47.8

What's going on here?

0:52.2

The scale of it is something I feel like I didn't even necessarily grasp at first.

0:57.0

I'm sitting there looking at the current market cap for GameStop.

1:02.0

I'm looking at like $25 billion dollars, whatever when it was at 300. I don't know what it's at right now.

1:06.8

The thing is flying. I'm looking at the investment firms that shorted the stock and I'm seeing that they're maybe

1:17.2

managing somewhere under $10 billion and you're trying to figure out how big is this short position, how for them to exit, if possible,

1:29.3

that particular position, what is the amount of money necessary? How much bleeding are we talking about? And then at the same time, the mechanics of the individual investors the hyped up crowd origin

1:46.0

Wall Street bets which moved to Twitter and moved everywhere else what is

1:50.6

their threshold for holding that's what I want to know.

1:54.0

Because that glitch, that glitch clicks off

2:00.0

or stays on, depending on that threshold.

2:04.0

You saw that dip that happened this morning right there.

...

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