Did Reddit Users Declare Class War On Hedge Funds?

Reddit users sent GameStop's stock price soaring while hedge funds lost billions betting against the video game retailer. What does this hyped-up market manipulation mean for markets?

An episode of the Brian Lehrer: A Daily Politics Podcast podcast, hosted by WNYC Studios, titled "Did Reddit Users Declare Class War On Hedge Funds?" was published on January 28, 2021 and runs 22 minutes.

January 28, 2021 ·22m · Brian Lehrer: A Daily Politics Podcast

0:00 / 0:00

Summary

Reddit users sent GameStop's stock price soaring while hedge funds lost billions betting against the video game retailer. What does this hyped-up market manipulation mean for markets?

Episode Description

Reddit users sent GameStop's stock price soaring while hedge funds lost billions betting against the video game retailer. What does this hyped-up market manipulation mean for markets?

On Today's Show:
Hannah Denham, national business reporter on The Washington Post's breaking news team, explains the day traders' impact on stock prices and hedge funds.