Business/Management > Business Management

The Revolution That Wasn't: How Gamestop and Reddit Made The Wall Street Even Richer
NRs.
1438.4
Author: Spencer Jakab
ISBN: 9780241572627
Size: 140 x 215 mm
Pages: 300
Publisher: Penguin Business

Description

The Revolution That Wasn't is the riveting story of how the meme stock squeeze unfolded, and of 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 such as Robinhood's habit-forming smartphone app as ploys to get our dollars 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 ultra-powerful hedge funds of their market influence and placed power back in the hands of everyday investors only tilted the odds further in the house's favor.

In this nuanced analysis, Jakab shines a light on the often-misunderstood profit motives and financial mechanisms to show how this so-called revolution is, on balance, a bonanza for Wall Street. But, Jakab argues that there really is a way for ordinary investors to beat the pros: by refusing to play their game.

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