Channel: The Better Men Project

Category: Education

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Description: The first 100 people to go to blinkist.com/thebettermenproject will get FREE unlimited access to Blinkist for a whole week. If you decide to stay, you’ll also get 25% off the full membership. This video is sponsored by Blinkist. One of the biggest news this year was the stock market, even non investors were talking about it. The news? Gamestop. Gamestop stock became the biggest news of the year making a few people millionaires and making many hedge funds loose billions at the time. So in this video we are going over how did gamestop stock go up in value, why did people invest in gamestop stock and how did billionaire hedge fund lose money on gamestop stock. Gamestop stock became what many call the Gamestop Money glitch, where the price of the stock rose by over 10,000% and made people lots of money. This event got many people to buy gamestop stock to take advantage of hedge funds who shorted the stock. This is what is called a short squeeze when some people borrow stock in order to short it but the stock actually goes up in value which leads short sellers to buy the stock at a higher price making them loose money. And in this Gamestop shortsqueeze many many multi billion dollar hedge funds were the victims of this shortsqueeze. 🔔 SUBSCRIBE TO THE BETTER MEN PROJECT: youtube.com/c/TheBetterMenProject?sub_confirmation=1 🔥CHECK OUT THESE TOP TRENDING PLAYLIST: ►THE RICH PLAYLIST: youtube.com/watch?v=7IGG8f-SPmk&list=PLkxByrIbVCSpHnuafUHcmB5weem7APbr7 ►HIGH-INCOME SKILLS: youtube.com/watch?v=FWY0j7VAd9E&list=PLkxByrIbVCSr0oUs2IbRAuMSYm2XTOqiT