Our World (2007)
S15E09 GameStop to the Moon and Back
Episode Overview
In January of this year, the US stock market experienced a bizarre event when GameStop, a seemingly outdated video game retailer, saw its stock prices soar to unprecedented heights. This unexpected surge resulted in significant financial losses for several hedge funds. The dramatic increase was orchestrated by a dedicated group of amateur investors online, many seeking to take revenge on Wall Street for the previous financial crisis. Chaos erupted in the markets. Was this truly a David versus Goliath scenario? And who emerged victorious? James Clayton interviews the investors who profited from trading in their bedrooms, the tech experts who watched in disbelief, and the hedge fund magnates now facing substantial losses.
