Eat the Rich: The GameStop Saga
In this episode of You Can't Make This Up, we are talking about the Netflix documentary series “Eat the Rich: The GameStop Saga," out now on Netflix. Host Rebecca Lavoie interviews executive producer Dan Cogan.
Powerful Wall Street hedge funds made a financial bet: if video game retailer GameStop went bankrupt, they’d make a killing on its devalued stock. But no one could anticipate an army of online day traders would prop up GameStop and squeeze the over-extended hedge funds that were short selling the company. What happened next made some people very rich, while bringing the nation's financial institutions to their knees.
SPOILER ALERT! If you haven't watched “Eat the Rich" yet, make sure to add it to your watch-list before listening on.
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