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[upbeat music playing] [Jordan] By late 2020,
there's a new buzz among the growing army
of small traders on wallstreetbets. Word is spreading
that GameStop stock is actively being shorted. And they decide it's time
to take the fight to the hedges,
to beat the shorters at their own game. They wanna show
those Wall Street pros they can't be bullied
into selling. If they could just hold
their nerve or convince enough people
to buy more stock, it'll keep the price going up
there's a new buzz among the growing army
of small traders on wallstreetbets. Word is spreading
that GameStop stock is actively being shorted. And they decide it's time
to take the fight to the hedges,
to beat the shorters at their own game. They wanna show
those Wall Street pros they can't be bullied
into selling. If they could just hold
their nerve or convince enough people
to buy more stock, it'll keep the price going up
Full Transcript
00:00:01.000 --> 00:00:03.969
[upbeat music playing]
00:00:04.001 --> 00:00:06.104
[Jordan] By late 2020,
there's a new buzz
00:00:06.138 --> 00:00:08.773
among the growing army
of small traders
00:00:08.808 --> 00:00:10.141
on wallstreetbets.
00:00:10.176 --> 00:00:12.644
Word is spreading
that GameStop stock
00:00:12.678 --> 00:00:14.879
is actively being shorted.
00:00:14.914 --> 00:00:17.001
And they decide it's time
to take the fight
00:00:17.999 --> 00:00:19.584
to the hedges,
to beat the shorters
00:00:19.619 --> 00:00:21.419
at their own game.
00:00:22.989 --> 00:00:25.079
They wanna show
those Wall Street pros
00:00:25.825 --> 00:00:27.859
they can't be bullied
into selling.
00:00:27.893 --> 00:00:29.026
If they could just hold
their nerve
00:00:29.295 --> 00:00:32.013
or convince enough people
to buy more stock,
00:00:32.164 --> 00:00:34.699
it'll keep the price going up.
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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.