WTF is going on with GameStop, WallStBets, and the Stock Market?

Understand what short selling is, why G.M.E. went up, and how free markets should work.

Show Notes

Once again we see how powerful social media is in our modern day. A retail investor posted about how the stock was undervalued on a public forum, WallStBets, and brought to light GameStop (GME) was shorted at 120% of the available shares by hedge funds. 4 Million people follow this forum. Retail investors, and FOMO investors bought the stock, the stock price shot up. Listen to hear what happens next. 

2:20 - What is Shorting?
8:00 - How did GME blow up?
11:20 - What is a Short Squeeze?
15:04 - Free Markets
15:52 - Correction - The Stock was shorted 120% of the available shares, not 120x
17:33 - Importance of Long Term Investing
23:00 - What Happened with Melvin Capital

What is Miss Findependent?

Teaching women financial literacy, and helping them be more confident investors, entrepreneurs or go further in their careers.