Finance & Fury Podcast

Welcome to Finance and Fury. In this episode, we're going to cover the GameStop saga. It's still ongoing at the time of recording this, so new information may be out by the time you listen. I wasn’t going to cover this topic – I saw this first pop up either Monday or Tuesday last week – looked like a funny story – retail traders sticking it to hedge funds – but has evolved over the last week to something much more – and has been making headlines everywhere – in this episode – want to give a quick recap about what is going on, between the initial rise of the GME shares, the market interference by Robinhood, why this went on and the greater market implications, looking at short selling and hedge funds in general – so lots to covers   To start with – what is the GME story - GameStop – GME – brick and mortar game retailer – owns EB games GME price history – Over the years brick and mortar retails have lagged behind – Steam, amazon, many online gaming services – Back in 2013 the price was around $50 USD – by