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 Reddit''s David thumping Wall Street''s Goliath, and shows how the casino always wins in the end. DeepF***ingRespect for an important book with lessons far more durable than GameStop''s stock market levitation.'' Robin Wigglesworth, author of Trillions
During one crazy week in January 2021, a motley crew of retail traders on Reddit''s 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 most-traded security on the planet and the subject of intense media coverage.
The Revolution That Wasn''t is the riveting story of how the meme stock squeeze unfolded,