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[Susannah] There was a bit of a generational divide
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GameStop: The Wall Street Hijack

There was a bitof a generational divide, almost millennials squaring up against baby...

[Susannah] There was a bit
of a generational divide, almost millennials squaring up against baby boomers
who are perceived to have properties
and investment portfolios whereas younger people certainly couldn't even get a foot
on the housing ladder and were in very insecure jobs. And so, in a way,
it was a protest against the financial system, that it appeared
to be rewarding the wealthy rather than society as a whole

Full Transcript

00:00:01.000 --> 00:00:03.702
[Susannah] There was a bit of a generational divide,
00:00:03.736 --> 00:00:05.057
almost millennials squaring up
00:00:05.604 --> 00:00:07.939
against baby boomers who are perceived
00:00:07.973 --> 00:00:12.711
to have properties and investment portfolios
00:00:12.745 --> 00:00:15.613
whereas younger people certainly
00:00:15.648 --> 00:00:17.615
couldn't even get a foot on the housing ladder
00:00:17.065 --> 00:00:20.819
and were in very insecure jobs.
00:00:20.853 --> 00:00:23.388
And so, in a way, it was a protest
00:00:23.422 --> 00:00:25.069
against the financial system,
00:00:25.725 --> 00:00:29.999
that it appeared to be rewarding the wealthy
00:00:29.999 --> 00:00:32.163
rather than society as a whole.
Duration
32 seconds
Views
36
Timestamp in Movie
00:26:08
Uploaded
May 10, 2025
Genres
documentary
Production
N/A

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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.
[Jordan] Of course, the Wall Street pros - GameStop: The Wall Street Hijack 00:18
[Jordan] Of course, the Wall Street pros
And they're really not. - GameStop: The Wall Street Hijack 00:17
And they're really not.
I think a lot of the retail people, - GameStop: The Wall Street Hijack 00:12
I think a lot of the retail people,
[upbeat music playing] - GameStop: The Wall Street Hijack 00:18
[upbeat music playing]
I could put on very large trade - GameStop: The Wall Street Hijack 00:11
I could put on very large trade
But Wall Street isn't convinced that it'll work. - GameStop: The Wall Street Hijack 00:14
But Wall Street isn't convinced that it'll work.
And if you're arrogant and you're greedy, - GameStop: The Wall Street Hijack 00:10
And if you're arrogant and you're greedy,
[Jordan] Then two days later, - GameStop: The Wall Street Hijack 00:18
[Jordan] Then two days later,
I guess we're fighting." - GameStop: The Wall Street Hijack 00:07
I guess we're fighting."
They just didn't take them seriously - GameStop: The Wall Street Hijack 00:11
They just didn't take them seriously
And when the stock started to drop back down, - GameStop: The Wall Street Hijack 00:11
And when the stock started to drop back down,
What the hedge funds didn't realize though - GameStop: The Wall Street Hijack 00:16
What the hedge funds didn't realize though
[police sirens wailing] - GameStop: The Wall Street Hijack 00:49
[police sirens wailing]
And they wanted to teach the short sellers a lesson - GameStop: The Wall Street Hijack 00:11
And they wanted to teach the short sellers a lesson
You see, shorters can't hang on - GameStop: The Wall Street Hijack 00:42
You see, shorters can't hang on
And as more investors, more retail investors - GameStop: The Wall Street Hijack 00:09
And as more investors, more retail investors
[man] GameStop was an extreme example of a short squeeze. - GameStop: The Wall Street Hijack 00:16
[man] GameStop was an extreme example of a short squeeze.
So now you have everyone buying, - GameStop: The Wall Street Hijack 00:07
So now you have everyone buying,
[Susannah] And initially I don't think, uh, - GameStop: The Wall Street Hijack 00:17
[Susannah] And initially I don't think, uh,
[Jordan] Talk about the insane loyalty - GameStop: The Wall Street Hijack 00:13
[Jordan] Talk about the insane loyalty