What is the Gamestop short squeeze?

On July 8, we celebrate National Video Game Day. What is the Gamestop short squeeze? You may have seen headlines about it in recent weeks, and it’s certainly one of the financial stories of the year so far. The Gamestop short squeeze saw Wall Street tremble at least temporarily due to the actions of amateur traders from Reddit. And this battle is perhaps just the start of a long war. To understand the short squeeze, let’s go back to the beginning.Gamestop is an American chain of video game stores which has a presence in many countries across the world. It’s well-known among gamers, but has been struggling of late due to competition from digital distribution. How does short-selling actually work in practice? So what went wrong for the hedge funds in this case? Anybody can buy stocks? In under 3 minutes, we answer your questions! To listen to the last episodes, you can click here : Is bikini waxing harmful for your health? Why will it be years before Ukraine could join the EU? Why is Elvis known as the King? A podcast written and realised by Joseph Chance. In partnership with upday UK. Learn more about your ad choices. Visit megaphone.fm/adchoices