The Tonic Accord

The GameStop Squeeze & What it Means for Politics


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Starting from the subreddit "wallstreetbets", a movement began earlier last week to react to hedge funds that were shorting the stock of GameStop. These hedge funds bet against GameStop, knowing that it would drop and they could make money off of it. They went all in on the stock going down and they put their financial position on the line. Unfortunately for the hedge funds, this movement of individual reddit investors was able to completely flip the process by overvaluing GameStop. Some argue that they wanted to show that they could manipulate the system as good if not better than the hedge funds. This led to some early independent GameStop investors winning big, hedge funds losing a lot, and AOC and Ted Cruz agreeing on the outcome. In this episode, Drew and Alex look into this crazy situation and debate what is next.
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The Tonic AccordBy thetonicaccord

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