The Small Business Experience

WallStreetBets: GME, AMC, & NOK


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In this episode, Dan & Ian discuss the recent market phenomenon. It is the ultimate showdown between institutional investors vs. retail investors. Retail investors essentially banded together to drive the price of Gamestop (GME) to the moon. This disrupted the short selling of large hedge funds who were betting on GME stock price to go down. Dan & Ian outline the chart of GME and analyze the intense market volatility. Wallstreetbets is the Reddit forum that drove the ability for retail investors to coordinate this market move. 

What is wallstreetbets? It is a forum on Reddit that has 7.5 million members
-Helped facilitate the short squeeze of Gamestop
-Many large funds are able to deploy their buying power to exert force over small or failing businesses 
-Retail investors began targeting other securities that were being sold short on the market
(AMC, NOK, EXP, KOSS)

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The Small Business ExperienceBy With Dan & Ian