I've been thinking about what happened with share prices of GameStop and other companies that were bid up last week and want to give you a few thoughts on what I think happened and why it matters. Part of this is about the mechanics of market functioning and another part is about the psychology of social media in a post-Great Financial Crisis world. So, this post will be one part finance and one part political economy.
How to think about the GameStop saga
I've been thinking about what happened with share prices of GameStop and other companies that were bid up last week and want to give you a few thoughts on what I think happened and why it matters. Part of this is about the mechanics of market functioning and another part is about the psychology of social media in a post-Great Financial Crisis world. So, this post will be one part finance and one part political economy.
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