57 min listen
Spencer Jakab, "The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors" (Penguin, 2022)
Spencer Jakab, "The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors" (Penguin, 2022)
ratings:
Length:
62 minutes
Released:
Jan 25, 2022
Format:
Podcast episode
Description
In The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors (Portfolio/Penguin, 2022), WSJ columnist Spencer Jakab weaves together personal narratives, the key market institutions, and social media to tell the fascinating tale of the GameStop short squeeze of early 2021. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house’s favor. The Revolution That Wasn't is the definitive account of an event that has immediately joined the list of best and worst stock market moments.
Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...
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Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Released:
Jan 25, 2022
Format:
Podcast episode
Titles in the series (100)
Christian Fuchs, “Culture and Economy in the Age of Social Media” (Routledge, 2015): Social media is now a pervasive element of many people’s lives. in order to best understand this phenomenon we need a comprehensive theory of the political economy of social media. In Culture and Economy in the Age of Social Media (Routledge, 2015), by New Books in Economics