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And I remember
reading it and going, "Why GameStop? What's going on?" [Jordan] Suddenly,
other investors from all around
the world start buying into his idea. Around 2019, everyone was saying that GameStop is a dying company and they were not losing
a lot of money, quite on the opposite. But the narrative in the market was that the company
is going to bankrupt. There was comparisons
being drawn to Blockbuster, which bankrupted when online streaming
came about
reading it and going, "Why GameStop? What's going on?" [Jordan] Suddenly,
other investors from all around
the world start buying into his idea. Around 2019, everyone was saying that GameStop is a dying company and they were not losing
a lot of money, quite on the opposite. But the narrative in the market was that the company
is going to bankrupt. There was comparisons
being drawn to Blockbuster, which bankrupted when online streaming
came about
Full Transcript
00:00:01.000 --> 00:00:03.268
And I remember
reading it and going,
00:00:03.302 --> 00:00:04.836
"Why GameStop? What's going on?"
00:00:04.871 --> 00:00:07.172
[Jordan] Suddenly,
other investors
00:00:07.206 --> 00:00:09.307
from all around
the world start buying
00:00:09.342 --> 00:00:10.475
into his idea.
00:00:10.051 --> 00:00:12.611
Around 2019, everyone was saying
00:00:12.645 --> 00:00:15.028
that GameStop is a dying company
00:00:15.314 --> 00:00:17.382
and they were not losing
a lot of money,
00:00:17.417 --> 00:00:19.151
quite on the opposite.
00:00:19.185 --> 00:00:20.485
But the narrative in the market
00:00:20.052 --> 00:00:23.155
was that the company
is going to bankrupt.
00:00:23.189 --> 00:00:26.291
There was comparisons
being drawn
00:00:26.325 --> 00:00:28.393
to Blockbuster, which bankrupted
00:00:28.428 --> 00:00:30.429
when online streaming
came about.
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Movie Summary
A group of young, risk-embracing day traders used social media to organize a massive stock buy-up. Jordan Belfort provides details about the story, exploring how it shook the world's markets.