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Transcripts for BBCNEWS Our World 20211224 01:40:00

in was late november to early december. i think the stock price was around $16 back then. gamestop s share price had attracted the attention of another kind of investor short sellers. hedge funds that thought gamestop was overpriced. hedge funds like citron capital, founded and run by this man, andrew left. i d known gamestop for a long time. to me it looked like they were following the blockbuster video path. and then all of a sudden we found out in december, while the industry was actually up the video game industry had their best month ever, december of 2020 gamestop actually had a bad quarter, ora bad month. they were declining, and that was supposed to be their saviour month. and that s when i started to short the stock. left s hedge fund was now one of the many hedge funds that were shorting gamestop. essentially, they were betting that the share price would fall. if it did, they would make money. but that had also been noticed by people on wallstreetbets.

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