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The Revolution That Wasn’t: GameStop, Reddit and the Fleecing of Small Investors

Wall Street Journal editor Spencer Jakab investigates the GameStop trading frenzy and the claim that online retail investors had overturned Wall Street's power. He reconstructs the roles of Reddit communities, short sellers, market makers, brokers, influencers, and the companies whose stocks became symbols of rebellion. Jakab explains how options, order flow, momentum, and platform incentives amplified the surge—and why many late-arriving traders suffered losses while financial intermediaries profited. The book separates genuine changes in market participation from the revolutionary story surrounding them, offering a cautionary account of speculation organized through social media.

Publisher: Portfolio
Publication date: 2022-02-01
Format: Print edition
Pages: 320
ISBN: 9780593421154

Subjects

Business & Economics Investing Financial Markets

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Interview with the Author

7 available interview links

1. This Week in Intelligent Investing — SPECIAL: Spencer Jakab on The Revolution That Wasn’t: GameStop, Reddit, and the Fleecing of Small InvestorsChecked