If you haven't been living under a rock over the past month and have had an internet connection, then you've probably unintentionally encountered various memes, tweets and news stories about Wallstreetbets, Gamestop ($GME), stocks rising to the moon, and hedge funds getting burned over the past month.
Subaan attempts to give a *brief* summary of what happened, why it happened, and the implications of the whole story.
Key discussion points in this episode:
- What is WallStreetBets (WSB)?
- The Gamestop ($GME) saga.
- What is short selling?
- How excessive short selling cause $GME to go to the moon, and burn the hedgefunds.
- How commission-free trading platforms (like Robinhood and Trading212) make money.
- Is short selling bad? Should it be allowed? What are its benefits?
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What is Getting It?: In a Nutshell
A conversation where we explore topics both familiar and unfamiliar to us to find out what makes them interesting, so that we can expand our horizons and further our understanding of the world and people around us.
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About us
Dan is a 5th year medical student, pianist, and random fact connoisseur. He spends most of his time learning about languages, playing sports, music, and geopolitics. Follow him on Instagram and Twitter.
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