How Does The Stock Market Work?
The stock market is a constellation of exchanges where securities like stocks and bonds are bought and sold. In the United States, “the stock market” and “Wall Street” can refer to the entire world of securities trading—including stock exchanges where the shares of public companies are listed for sa
Attack Of The Blob (Why The Gamestop Short Squeeze Was Not An Isolated Event)
What is 'the blob', and why is it rampaging through the financial markets?! In this episode, we compare Wall Street Bets' ongoing campaign against the shorters of Gamestop stock with one of the biggest attacks ever to take place inside the video game Eve:Online. Has the financial industry become a virtual, game-like system? And if so, does that make it more vulnerable to virtual 'blob' attacks like those carried out in Eve? And perhaps most importantly, has the internet been teaching itself, via massive multiplayer online games, how to conduct asymmetric attacks against much stronger foes? (This video does not explain the mechanics of short selling and the GME short squeeze. For a detailed breakdown on that try: https://www.youtube.com/watch?v=4ErvqnEFb-E) ERRATUM: At 7:28, "January 2020" is mistakenly referenced in place of "January 2021". (Thanks, @walkjivefly!)