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The Resource The revolution that wasn't : GameStop, Reddit, and the fleecing of small investors, Spencer Jakab

The revolution that wasn't : GameStop, Reddit, and the fleecing of small investors, Spencer Jakab

Creator
Author
Summary
"From Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze-and the surprising winners of a rigged game. During one crazy week in January 2021, a motley crew of retail traders on Reddit's r/wallstreetbets forum had seemingly done the impossible-they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded security on the planet and the subject of intense media coverage. The Revolution That Wasn't is the riveting story of how the meme stock squeeze unfolded, and of the real architects (and winners) of the GameStop rally. Drawing on his years as a stock analyst at a major bank, Jakab exposes technological and financial innovations such as Robinhood's habit-forming smartphone app as ploys to get our dollars within the larger story of evolving social and economic pressures. The surprising truth? What appeared to be a watershed moment-a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors-only tilted the odds further in the house's favor. Online brokerages love to talk about empowerment and "democratizing finance" while profiting from the mistakes and volatility created by novice investors. In this nuanced analysis, Jakab shines a light on the often-misunderstood profit motives and financial mechanisms to show how this so-called revolution is, on balance, a bonanza for Wall Street. But, Jakab argues, there really is a way for ordinary investors to beat the pros: by refusing to play their game"--
Language
eng
Work
Publication
Extent
xvi, 300 pages, 8 unnumbered pages of plates
Isbn
9780593421154
Instance
Label
The revolution that wasn't : GameStop, Reddit, and the fleecing of small investors
Title
The revolution that wasn't
Title remainder
GameStop, Reddit, and the fleecing of small investors
Statement of responsibility
Spencer Jakab
Title variation
Revolution that was not
Creator
Author
Subject
Language
eng
Summary
"From Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze-and the surprising winners of a rigged game. During one crazy week in January 2021, a motley crew of retail traders on Reddit's r/wallstreetbets forum had seemingly done the impossible-they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded security on the planet and the subject of intense media coverage. The Revolution That Wasn't is the riveting story of how the meme stock squeeze unfolded, and of the real architects (and winners) of the GameStop rally. Drawing on his years as a stock analyst at a major bank, Jakab exposes technological and financial innovations such as Robinhood's habit-forming smartphone app as ploys to get our dollars within the larger story of evolving social and economic pressures. The surprising truth? What appeared to be a watershed moment-a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors-only tilted the odds further in the house's favor. Online brokerages love to talk about empowerment and "democratizing finance" while profiting from the mistakes and volatility created by novice investors. In this nuanced analysis, Jakab shines a light on the often-misunderstood profit motives and financial mechanisms to show how this so-called revolution is, on balance, a bonanza for Wall Street. But, Jakab argues, there really is a way for ordinary investors to beat the pros: by refusing to play their game"--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Jakab, Spencer
Dewey number
332.6
Illustrations
  • illustrations
  • plates
Index
index present
LC call number
HG4521
LC item number
.J275 2022
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Reddit (Firm)
  • GameStop (Firm)
  • Investments
  • Stocks
  • Stock exchanges
Target audience
adult
Label
The revolution that wasn't : GameStop, Reddit, and the fleecing of small investors, Spencer Jakab
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages [267]-287) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1266254777
Dimensions
24 cm.
Extent
xvi, 300 pages, 8 unnumbered pages of plates
Isbn
9780593421154
Lccn
2021049371
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1266254777
Label
The revolution that wasn't : GameStop, Reddit, and the fleecing of small investors, Spencer Jakab
Publication
Copyright
Bibliography note
Includes bibliographical references (pages [267]-287) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1266254777
Dimensions
24 cm.
Extent
xvi, 300 pages, 8 unnumbered pages of plates
Isbn
9780593421154
Lccn
2021049371
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1266254777

Subject

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