One of the hottest trading narratives of the last year revolves around the GameStop trading frenzy, which nearly brought Wall Street to its knees.
The dramatic tale of the tape, so to speak, is chronicled in a new book, "The Antisocial Network," written by New York Times best-selling author Ben Mezrich.
FOX Business talked with Mezrich about what's been going on behind the scenes, what it means for this small but mighty band of investors, and why Hollywood has already come knocking.
The hype around GameStop started back in January when a group of relatively unknown retail investors from the Reddit forum called WallStreetBets hatched a plan to bet against Wall Street firms who shorted the struggling Grapevine, Texas-based video game retailer.
The trading volatility nearly upended the market in January.
Mezrich, like many others, was watching the drama from the sidelines and was curious to learn more.
"I've always been sort of interested in any stocks or, you know, little stocks that seem to skyrocket to the moon. And when this all exploded, I started getting tweets, I started getting emails, people saying, ‘This is the kind of thing you write about. You should check it out.’ And so I kind of dove in and I started calling the people who are involved. I started sort of reaching out to as many sources as I could," Mezrich told FOX Business. "I normally am writing about things that happened a year ago, and this was kind of a different experience being involved in the story....
Read Full Story: https://www.foxbusiness.com/lifestyle/gamestop-reddit-antisocial-network-book-mezrich-short-squeeze
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