How Reddit disrupted the market and where we go from here, explained by a High-Risk Trader and a Securities Litigator, with CJ Krawczyk and Joe Taylor
It has been absolute chaos these past few weeks in the stock market. We have seen stocks like GameStop, AMC, and Koss surge, driven up by certain Reddit communities and threads. This has led to some investors making huge returns on their investments, sums that are in the billions for some; Ryan Cohen, co-founder of Chewy, who owns 13% of GameStop shares, made $1.3 billion!
These events have led many of us to wonder -- does the stock market accurately represent the market and its trends? Or is it just a mirage?
We are joined on this episode of The GoGedders Podcast by CJ Krawczyk, a partner at Kravit, Hovel & Krawczyk and a securities litigator, as well as Joe Taylor, founder of Penrod, where he made the inc 500 and won best place to work 3x in a row in Wisconsin. He is also an an experienced day trader, growing $30K into $250K during the pandemic through high-risk trading. They help break down how this all started, what’s happening, where we could go from here, and what restrictions could be put in place to help make sure stocks accurately reflect the value of their companies.