Revolution That Wasn't

Name: Revolution That Wasn't
Brand: Penguin Books
SKU: 9780241572559
Price: 115.15 RON
Availability: InStock

How GameStop and Reddit Made Wall Street Even Richer

Autor: Spencer Jakab

Limbă:

Legare: Copertă tare

Editura: Penguin Books

Disponibilitate: șansă 50%

Şanse de a obține acest titlu

115.15 lei

From Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze - and the s...

Informații despre carte

Autor

Spencer Jakab

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2022

Pagini

320

EAN

9780241572559

ISBN

024157255X

Enbook ID

37241744

Editura

Penguin Books

Greutate

544

Dimensiuni

244 x 163 x 34

Descriere completă

From Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze - and the surprising winners of a rigged game. 'Jakab adeptly skewers the popular but dangerously wrong narrative of Reddit's David thumping Wall Street's Goliath, and shows how the casino always wins in the end. DeepF***ingRespect for an important book with lessons far more durable than GameStop's stock market levitation.' Robin Wigglesworth, author of Trillions During one crazy week in January 2021, a motley crew of retail traders on Reddit's r/wallstreetbets forum had seemingly done the impossible - they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded security on the planet and the subject of intense media coverage. The Revolution That Wasn't is the riveting story of how the meme stock squeeze unfolded, and the real architects (and winners) of the GameStop rally. Drawing on his years as a stock analyst at a major bank, Jakab exposes technological and financial innovations like Robinhood as ploys to part investors from their money, within the larger story of evolving social and economic pressures. 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 increased the chances of the house winning. Online brokerages love to talk about empowerment and 'democratising finance' - while Wall Street thrives on chaos. In this nuanced analysis, Jakab shines a light on the often-misunderstood profit motives and financial mechanisms to show how this so-called revolution is, on balance, good for Wall Street. But, Jakab argues, there really is a way for ordinary investors to beat the pros: by refusing to play their game.

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Revolution That Wasn't

How GameStop and Reddit Made Wall Street Even Richer

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