{"product_id":"the-revolution-that-wasnt-gamestop-reddit-and-the-fleecing-of-small-investors-9780593421154","title":"The Revolution That Wasn't: Gamestop, Reddit, and the Fleecing of Small Investors","description":"\u003cb\u003e\u003cb\u003eThe saga of GameStop and other meme stocks is revealed with the skill of a thrilling whodunit. Jakab writes with an anti-Midas touch. If he touched gold, he would bring it to life. --Burton G. Malkiel, author of \u003ci\u003eA Random Walk Down Wall Street\u003c\/i\u003e\u003c\/b\u003e \u003c\/b\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003eFrom Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze--and the surprising winners of a rigged game.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eDuring one crazy week in January 2021, a motley crew of retail traders on Reddit's r\/wallstreetbets forum had seemingly done the impossible--they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded security on the planet and the subject of intense media coverage. \u003cp\u003e\u003c\/p\u003e\u003cb\u003e\u003ci\u003eThe Revolution That Wasn't \u003c\/i\u003e\u003c\/b\u003eis the riveting story of how the meme stock squeeze unfolded, and of the real architects (and winners) of the GameStop rally. Drawing on his years as a stock analyst at a major bank, Jakab exposes technological and financial innovations such as Robinhood's habit-forming smartphone app as ploys to get our dollars within the larger story of evolving social and economic pressures. The surprising truth? What appeared to be a watershed moment--a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors--only tilted the odds further in the house's favor. \u003cp\u003e\u003c\/p\u003eOnline brokerages love to talk about empowerment and \"democratizing finance\" while profiting from the mistakes and volatility created by novice investors. In this nuanced analysis, Jakab shines a light on the often-misunderstood profit motives and financial mechanisms to show how this so-called revolution is, on balance, a bonanza for Wall Street. But, Jakab argues, there really is a way for ordinary investors to beat the pros: by refusing to play their game.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Portfolio\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/25\/2022\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780593421154\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 320\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.25lbs\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eReview Citations: \u003c\/strong\u003e\u003ci\u003ePublishers Weekly\u003c\/i\u003e 11\/15\/2021\u003cbr\u003e","brand":"Spencer Jakab","offers":[{"title":"Default Title","offer_id":41490634965173,"sku":"9780593421154","price":23.8,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_64a88255-5e08-4cea-b3e5-f251dae52955.jpg?v=1640921901","url":"https:\/\/pastforward.org\/products\/the-revolution-that-wasnt-gamestop-reddit-and-the-fleecing-of-small-investors-9780593421154","provider":"Past Forward","version":"1.0","type":"link"}