How Reddit almost CRASHED the Economy with a meme.
by Andrei Terbea
Watch on YouTubeDescription
The GameStop short squeeze has probably been one of the biggest events in recent Internet history, completely disrupting the status quo of the financial world of billionaire hedge funds. What happened with WallStreetBets, Reddit, Robinhood and the Stock Market will probably linger for years to come as a turning point in internet culture. Today we recap the events and talk about the larger implications, although there are most certainly many ramifications of this story that have yet to surface.------------------------------SOURCES:Interesting piece on how the stock market is being manipulated:https://bit.ly/3kh4G39 On short selling, Tesla and Gamestop:https://on.mktw.net/3qMwkaJ Most heavily shorted stocks in January of 2021:https://bit.ly/2ZJMS7q Hedge funds losing billions of dollars:https://bit.ly/2MkFIna Robinhood capital infusion:https://on.ft.com/3usvG4H ------------------------------CREDITS:Andrei Terbea - Lead AnimatorStefan Popa - Assistant Animatorhttps://www.instagram.com/jtefe.ro/Nicoleta Toader - Producer------------------------------MUSIC:Background track: Delusional (Instrumental) by Spring GangOutro song: Joakim Karud - Loudness & Clarityhttp://youtube.com/joakimkarud------------------------------#GameStop #Reddit #WallStreetBets