Beyond Unprecedented, S2 Ep2: Meme Stock Mania
Download Transcript - Beyond Unprecedented S2 Ep2: Meme Stock Mania (136 KB)
If three stock traders get together to drive up the price of a stock and then dump it, that’s fraud. But what if nearly 900,000 individual investors send GameStop soaring because they love PlayStation and hate short sellers? And what if their plans were circulated in a social media forum instead of a back room? Retail investors jumped into the stock market thanks to the ease of trading apps like Robinhood and a dearth of other things to do during pandemic lockdowns. But are short sellers bad or just misunderstood?
Professor Joshua Mitts, an expert on the intersection of social media and the stock market, joins co-hosts Professor Eric Talley and Research Fellow Kate Waldock '23 to discuss the return of retail investors, the ramifications for short sellers, and what it all means for market regulation.
Economics | Law | Law and Economics | Securities Law
Ira M. Millstein Center for Global Markets and Corporate Ownership
Talley, Eric L.; Waldock, Kate; and Mitts, Joshua, "Beyond Unprecedented, S2 Ep2: Meme Stock Mania" (2021). Beyond Unprecedented Season 2. 2.