Spencer Jakab Revolution That Wasn't Hardback Book

From Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze and the surprising winners of a rigged game. Jakab adeptly skewers the popular but dangerously wrong narrative of Reddits David thumping Wall Streets Goliath, and shows how the casino always wins in the end. DeepFingRespect for an important book with lessons far more durable than GameStops stock market levitation. Robin Wigglesworth, author of Trillions During one crazy week in January 2021, a motley crew of retail traders on Reddits 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 mosttraded security on the planet and the subject of intense media coverage. The Revolution That Wasnt is the riveting story of how the meme stock squeeze unfolded, and 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 like Robinhood as ploys to part investors from their money, 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 ultrapowerful hedge funds of their market influence, placing power back in the hands of everyday investors only increased the chances of the house winning. Online brokerages love to talk... | Spencer Jakab Revolution That Wasn't Hardback Book