Reddit Is Running Wall Street




Axios Re:Cap show

Summary: Wall Street is locked in a battle of will between professional investors who live in Greenwich and amateur investors who congregate on Reddit. So far, the amateurs are winning, judging by increases in their chosen stocks, like GameStop and Bed, Bath & Beyond. Dan digs into what's really happening, the mechanics of stock "shorting" and what it means for the markets' future, with Axios chief financial correspondent Felix Salmon. Learn more about your ad choices. Visit megaphone.fm/adchoices