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The Antisocial Network: The Gamestop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees

The Antisocial Network: The Gamestop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees - Ben Mezrich

The Antisocial Network: The Gamestop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees


The definitive account of the story of the year, the can't-make-this-up Gamestop short squeeze--a David vs. Goliath tale of fortunes won and lost overnight that changed Wall Street forever. In The Antisocial Network, bestselling author Ben Mezrich tells the true story of the subreddit WallStreetBets, a loosely affiliated group of private investors and internet trolls who took down one of the biggest hedge funds on Wall Street, and in so doing, fired the first shot in a revolution that threatens to upend the financial establishment. Told with deep access, from multiple angles, it examines the culmination of a populist movement that began with the intersection of social media and the growth of simplified, democratizing financial portals--represented by the biggest upstart in the business, RobinHood, and its millions of mostly millennial devotees. The unlikely focus of the battle: GameStop, a flailing brick and mortar dinosaur catering to teenagers and outsiders, that had somehow outlived forbearers like Blockbuster Video and Petsmart as the world rapidly moved online. The story comes to a head in a wild battle between Melvin Capital, a 13-billion-dollar hedge fund, one of the most respected and staid funds on the Street, and a disparate group of amateur day traders, video game nuts, and internet trolls on a subreddit calling itself WallStreetBets. At first, the subreddit was a joke--a meme-filled, freewheeling place to share shoot-the-moon investment tips, laugh about big losses, and diamond hand emojis. Until some members noticed an opportunity--and rode a rocket ship to tens of millions of dollars in earnings overnight.
From one of our most innovative and celebrated authors, the definitive take on the wildest story of the year-- the David-vs.-Goliath GameStop short squeeze, a tale of fortunes won and lost overnight that may end up changing Wall Street forever. Bestselling author Ben Mezrich offers a gripping, beat-by-beat account of how a loosely affiliate group of private investors and internet trolls on a subreddit called WallStreetBets took down one of the biggest hedge funds on Wall Street, firing the first shot in a revolution that threatens to upend the establishment. It's the story of financial titans like Gabe Plotkin of hedge fund Melvin Capital, one of the most respected and staid funds on the Street, billionaires like Elon Musk, Steve Cohen, Mark Cuban, Robinhood co-CEOs Vlad Tenev and Baiju Bhatt, and Ken Griffin of Citadel Securities. O
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The definitive account of the story of the year, the can't-make-this-up Gamestop short squeeze--a David vs. Goliath tale of fortunes won and lost overnight that changed Wall Street forever. In The Antisocial Network, bestselling author Ben Mezrich tells the true story of the subreddit WallStreetBets, a loosely affiliated group of private investors and internet trolls who took down one of the biggest hedge funds on Wall Street, and in so doing, fired the first shot in a revolution that threatens to upend the financial establishment. Told with deep access, from multiple angles, it examines the culmination of a populist movement that began with the intersection of social media and the growth of simplified, democratizing financial portals--represented by the biggest upstart in the business, RobinHood, and its millions of mostly millennial devotees. The unlikely focus of the battle: GameStop, a flailing brick and mortar dinosaur catering to teenagers and outsiders, that had somehow outlived forbearers like Blockbuster Video and Petsmart as the world rapidly moved online. The story comes to a head in a wild battle between Melvin Capital, a 13-billion-dollar hedge fund, one of the most respected and staid funds on the Street, and a disparate group of amateur day traders, video game nuts, and internet trolls on a subreddit calling itself WallStreetBets. At first, the subreddit was a joke--a meme-filled, freewheeling place to share shoot-the-moon investment tips, laugh about big losses, and diamond hand emojis. Until some members noticed an opportunity--and rode a rocket ship to tens of millions of dollars in earnings overnight.
From one of our most innovative and celebrated authors, the definitive take on the wildest story of the year-- the David-vs.-Goliath GameStop short squeeze, a tale of fortunes won and lost overnight that may end up changing Wall Street forever. Bestselling author Ben Mezrich offers a gripping, beat-by-beat account of how a loosely affiliate group of private investors and internet trolls on a subreddit called WallStreetBets took down one of the biggest hedge funds on Wall Street, firing the first shot in a revolution that threatens to upend the establishment. It's the story of financial titans like Gabe Plotkin of hedge fund Melvin Capital, one of the most respected and staid funds on the Street, billionaires like Elon Musk, Steve Cohen, Mark Cuban, Robinhood co-CEOs Vlad Tenev and Baiju Bhatt, and Ken Griffin of Citadel Securities. O
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