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GameStop: The Wall Street Hijack

In January of 2021, GameStop announceda new senior executive team. Experienced e-tailers...

[upbeat music playing] [Jordan] In January of 2021, GameStop announced
a new senior executive team. Experienced e-tailers who will try to right the ship. [Mike] I was very excited
by that news, and I knew the potential that
could happen at that point

Full Transcript

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[upbeat music playing]
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[Jordan] In January of 2021,
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GameStop announced a new senior executive team.
00:00:08.074 --> 00:00:10.991
Experienced e-tailers
00:00:10.042 --> 00:00:11.081
who will try to right the ship.
00:00:11.844 --> 00:00:13.378
[Mike] I was very excited by that news,
00:00:13.412 --> 00:00:17.782
and I knew the potential that could happen at that point.
Duration
18 seconds
Views
22
Timestamp in Movie
00:27:24
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.
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
Well, when I actually went on to the site - GameStop: The Wall Street Hijack 00:05
Well, when I actually went on to the site
I mean, these guys, no one is selling, - GameStop: The Wall Street Hijack 00:09
I mean, these guys, no one is selling,
The short sellers are completely blindsided. - GameStop: The Wall Street Hijack 00:24
The short sellers are completely blindsided.
[Jordan] By late January, - GameStop: The Wall Street Hijack 00:30
[Jordan] By late January,