The latest news from the world of personal finance plus advice for those trying to make the most of their money.
Manage episode 283640290 series 1918697
By Aussie Firebug. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Today's episode covers the incredible story of how retail investors are taking on billionaire hedge funds. This David vs Goliath story heated up last week and the big wigs on Wallstreet resorted to insanely dirty tactics to try and break the internet army. Some of the topics we cover are: - What is GameStop (00:03:40) - What does it mean to short a stock? (00:08:45) - Dirty/Ilegal tactics that these hedge funds are trying to implement to stop further losses from occurring (00:17:25) - Why this story is resonating with so many millennials (00:27:40) - Aussies were trying to buy $GME stock on the ASX which is actually a mining company 🤦♂️ (00:46:13) #✋💎🤚 #🚀🚀🚀 #🦍💪🦍 #Wejustlikethestock