Episode # 276 – GameStop & Reddit: A Digital Age David & Goliath Story

January 29, 2021

This week, the story of the astronomical rise in share price of GameStop, as well as a handful of other companies in decline, caught nearly everyone’s attention.  As a good David vs. Goliath story usually does. Share prices were driven up by small individual investors using the social media platform called Reddit.  It was an organized effort that resulted in many large hedge fund managers, who had shorted these companies, to experience significant losses as their stock values skyrocketed.  CFN’s John Walker is joined by Larry Shaw from the CFN Investment Committee and Financial Planner and CFN technology manager Ryan Flurer. They discuss what happened, why it is significant, how the technology was used and what future implications this kind of activity may, or may not, have on investors like you.

Listening Time: 28 minute

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