LEADER 00000pam  2200313 i 4500 
003    DLC 
005    20220126084637.7 
008    211206s2022    nyua     b    001 0 eng   
010      2021049371 
020    9780593421154|q(hardcover) 
040    DLC|beng|erda|cDLC|dGCmBT|dUtOrBLW 
042    pcc 
082 00 332.6|223/eng/20211208 
092    332.6|bJAK 
100 1  Jakab, Spencer,|eauthor. 
245 14 The revolution that wasn't :|bGamestop, Reddit, and the 
       fleecing of small investors /|cSpencer Jakab. 
246 3  Revolution that was not 
264  1 New York, NY :|bPortfolio, Penguin,|c[2022] 
300    300 pages :|billustrations ;|c24 cm 
336    text|btxt|2rdacontent 
337    unmediated|bn|2rdamedia 
338    volume|bnc|2rdacarrier 
504    Includes bibliographical references (pages 267-287) and 
       index. 
520    "From Wall Street Journal columnist Spencer Jakab, the 
       real story of the GameStop squeeze-and the surprising 
       winners of a rigged game. During 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. The Revolution That Wasn't is 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. Online 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"--|cProvided by publisher. 
650  0 Investments. 
650  0 Stocks. 
650  0 Stock exchanges.