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	Podcast:		Patrick Boyle On Finance
	Episode:		Wall Street Bets & The GameStop Short Squeeze - What Is Going On?
	Category:		Business
	Duration:		00:26:57
	Publish Date:		2021-01-30 21:00:00
	Description:		Financial markets have been thrown into turmoil over the last week by retail investors using social media chat groups such as the Reddit forum Wall Street Bets and low-cost investment platforms to drive up shares in GameStop, a US video game retailer. In what is called a “short squeeze”, the share buyers are putting intense pressure on hedge funds such as Melvin Capital and other institutional investors, who bet that these equities would fall. GameStop is a struggling bricks-and-mortar video game retailer in a world that is rapidly moving online. The stock had been languishing for six years, and many hedge funds were betting on a terminal decline. This weeks Podcast explains what is going on in the GameStop short squeeze, whether any laws are being broken, and how things are likely to work out with this trade. Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Visit our website: www.onfinance.org Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle Support the show (https://www.patreon.com/PatrickBoyleOnFinance)
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