what's the story to you? - [sighs] i think the story is abouta group of idiots, a very large group of idiots, who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that's just not realistic for our generation. you know,it is really frustrating. the boomers,they think we're lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain't got timeto wait for retirement. you got to will itinto existence. life's just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail-- [interposing voices] reporter: all this whiningby wall street, it's making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,it's calming for me, because you're seeing out ofa little hole, right, and everything is quiet. you hear your bubbles.you hear breathing. and you just hear the wateraround you, right? i don't give a shitabout risk. [laughs] [explosion] i was deployed tothe middle east. we were doing anti-terrorismforce protection, so looking forunderwater ieds, things like that. i found outi had a brain injury. so basically, i havea cyst on my brain that was expanding and contracting during allmy dives all the time. and i didn't know that. nobody knew that, right,until i lost consciousness. and things kind of startedto go south for me after that, like just like kind ofdeteriorating mentally. i was having troubledoing anything, you know. and then i was drinkinglike a fish to kind of-- right, that makes itbetter or worse. [laughs] reporter: --experts reportedlyfound a new coronavirus that traces backto the outbreak that we are seeing in wuhan. chris garcia:i had just actually bought the family businessfrom my dad. i purchased gsp studio,which is garcia's school andsports photography. - smile at the camera. chris garcia:i was looking forward to 2020 and beyond with the business. our spring season is justabout to kick off, right? school pictures,baseball picture day, softball picture day.and you know, march hits. reporter: wall street, and there are fearsthat the dow will drop, and drop quickly.we're already seeing that. reporter: more than 20%. chris garcia:i remember, literally, on a friday night, i'm preparing for a baseballshoot the next morning. and 8 o'clock atnight, i get that phone call. hey, we gotto cancel the shoot. and it's like domino effect.the next thing i know, like my entire spring is gone. reporter: america has passedthe grim milestone. reporter:they are saying we are on the vergeof a medical disaster. [clanging] reporter:millions of americans are sheltering at home,with the nation's economy almost at a virtualstandstill. - my mother wasa tax accountant. so my whole life it was like,you got to save money. got to save money.got to save money,which means i didn't. [laughs] i don't havea savings account. i have a little bit,but for all the years i've been alive,it should be more. so i make enough moneyto pay my rent, but when everything went away it's kind of likemy rent still is due but i'm on unemployment, and the numbersjust didn't add up. reality hit a little bit,and i was like, ok, like we need to figure out a wayto save some money and make some money. and that's wheni got into investing, because iwas just trying to figure out how to makesome money back, so. reporter:late last night the senate passed a $2 trillionstimulus package that will-- reporter: biggest bailoutin american history. reporter: economic activity. reporter:close their businesses, staying home from work. man (on video game):primary objective complete. chris garcia:i got really good at "call of duty" in april. shoot, i even caught myselfwatching novelas at one point, you know, just to pass the time, dude. i was like, oh my god,catrina, what did you do? i didn't know what to do. you know, iwent from working, owning a business,working 60, 70, 80 hours a weekto i can't do anything. and i thought, at the time, i had little extra moneyin the savings account. so i thought, it's justsitting there in the savings account. let me see what it can doon the market. maybe if i'm smart,pull a warren buffett move, it'll take its timebut i'll get some winners. you never know untilyou play the game, right? matt kelly:we had $1,000 to our name. we were behind on rent. my car had justgotten repossessed. i'm also working on getting my va disabilityback pay from 2015. literally, two weeksafter i did that, $100,000 shows up in my bankaccount, and my jaw hits the floor. my wife and i are like,this is life-changing. i'm already on redditlooking at, how do i invest a windfall? you know, you read 50,100 comments and you takelike the most common one-- "open a roth ira,""pay off your vehicles," "put the remainder of itin a vanguard total market fund," right? at this point, i had neverinvested anything, ever. - so i was spending every day just kind oflooking at numbers and seeing portfolioson the phone. and it's like,ok, so airbnb is, like, $176. under armour is $17. and i'm looking at thesethings and i'm like, well, what can istart investing in? matt kelly:i was on reddit looking atall these different things, and then i started comingacross wallstreetbets. [typing noise] - so i'm on reddit and it'slike r/wallstreetbets, like the slash. and i'm like, well,what's wallstreetbets? [music playing] man:dear viewer, do you money? do you like money?does your money like money? does your money want to makesweet lovins with other money and have beautifulmoney babies? do you haveinvestment accounts you don't understand or pay attention to becauseyour meaningless desk job is all the excitementyou need? or are you atrader? [interposing voices] matt kelly:i loved the sentiment of wallstreetbets.i loved it. i was like,these guys are fucking nuts. [music playing] man: in a small,exceptionally unhelpful, and irreverent cornerof the internet, therein lies a battalionof nihilistic meme lords who discuss their positionsand strategies, speculate and argueover the markets moving, and provide sage advice to the humble stock trader who just so happens to stumbleupon this fine community. (singing) wallstreetbets. - hello.i am the sir jackalot. i'm here wearing a maskbecause i'm a millionaire, and i would like to stayanonymous. matt kelly:i started telling my friends, i'm like, dude,this is a crazy subreddit. i mean, guys are making money.they're also going broke.so if you like risk--[laughs] - i saw all the people postinglike million dollar gains over the last year.i was like this sounds like my kind of place. chris garcia: you would seethe success stories of dudes who made a random call andthey came out with 100 grand. - nice. well, he's goingto get fucked on taxes. have fun with that. [music playing] woman: a fucking bros' club,which was kind of fun. - i said words on there thati would never say in public. - and i'm hearing about likeall these different lingos that are kind of fun. i'm like, ooh, diamond hands, like paper hands.like, i'm a bro now. - the whole joke is, like,diamond hands. you just have to notreally treat it like money. and that's when i took350k, and i just like yolo'dthe fuck out of it. sir jackalot:if you're like me, you're watching every minuteof your favorite stock during the day.you want to be able to be with your people, all screaming in terrorif something falls. the stocks are going to go up. they're also going to go down. the important thingis just hold on. sir jackalot:i got the memes. i'm, like,put in rocket emojis when you thinkyou're going to be rich. ape alone, weak. apetogether, strong. [laughs]it's so true. mikeymillions:the ape is the unsophisticated investor.you can go to wallstreetbets, tell them thatyou're going to buy shares of a dying company, and you willreceive accolades. kirsten:at this point, i really still had not a single amountof technical analysis or able to doanything like that in the stock market. but i knew, you know,buy low, sell high. my name is kirsten,and i am stonk queen. woman: so i'm learningall these different things, and it's like, buy amc.buy blackberry. buy bed, bath, & beyond. and it's popping. matt kelly: a lot of theseguys are investing in neo, and that wasthe first stock i bought, and it went up to, like, $50. andi'm like, oh, shit. i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i don't knowwhat the fuck i'm doing. i'm an idiot.and then it went back up. i'm like, oh,i'm a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self. but on wallstreetbets, we just acknowledge,like, we're just all idiots. [typing] stock expert:wallstreetbets came on our radar, and we first startedto talk about it with teslain the summer of 2020. wallstreetbets would makea meme or a joke about somethingthat was happening. papa elon on a rocketto the moon, and tesla's goingto $7,000 a share, right? and the stockwould start to go up as everyone jumped on board. that was the first real sign that the retail marketwas having impact in a stock. - well, thank youall very much. it's a very important day. i'll sign the single biggesteconomic relief package in american history, and i must say, or anyother package, by the way. stock expert:back in march of 2020, the market was crashing,and the amount of money that the federal reservecame with blew away anythingthat they had ever provided. they gave more money in 2020than they had in 2008 all the way up to 2020. they just floodedthe market with cash and support to everybody. [applause] reporter: the latest roundof stimulus checks already starting to show upin bank accounts. reporter: the stimulus checksare coming. so the question now is, what'sthe best thing to do with it? stock expert: the idea wasthat the federal reserve is providingso much stimulus. there's these giantloan programs. there's all of thismoney flooding in. and a lot of peoplewere sitting at home with nothing to do, and the stock marketwas open. they had a checkin their pocket, and we're all backedby the federal reserve. so you know, let's invest. let's trade. [lights turning on] - you ever thinkabout trading stocks? [music playing] robinhood lets you tradestocks with zero commission. that's right,commission-free. - robinhood, making it easy for the average investorand stuff. so cool, you know,because granted, like nothing against charles schwabor any of these other ones, but they just look likemy father should be there, not me. - it couldn't be easierto make a trade using the robinhood app.i just bought some stock. [lights turning off] - the user interfaceis idiot proof. example a right here.it makes it fun, too. like when you putmoney in or you sell a stock, confetti falls.it feels you're at a casino. - this is the first timein history that somebody witha very small amount of money can go get involved in thestock market, however they want to. no account minimums.there's no commissions. you have absolutefreedom. you can get approvedfor stock options trading with $200in your account. that is unheard of beforethings like robinhood. - you want to know whatdisruption really looks like? well, you're looking at it.as of today, 10 million people have accounts at robinhood. reporter: the ceo ofrobinhood, vlad tenev. - vlad tenev. - vlad tenev, who's the coceoof robinhood. stock expert: in 90 days,they went from the 300 most downloaded app onthe app store to number one. - we believe that the morepeople that have access to the markets and can startinvesting earlier, the better offour economy will be. - so suddenly, instead oflooking at tiktok and youtube and instagram, people arelooking at robinhood's trading application. - i have a little bitof addictive personality. sober-- we can go there.it's not a secret. so it became, like, my fucking thing. chris garcia:you start making money, and all of a sudden,you start seeing your account just boom,boom, boom, boom, boom. and you get hooked,real quick and real fast. - it did feel a little bitlike a game. and again, i'm a gamer. and when i started withrobinhood, the first stock-- they give you a free stock. i guess, ironically,mine was gamestop, which i was very, very upsetand offended by at the time. detect this: living with hiv, i learned that i can stay undetectable with fewer medicines. that's why i switched to dovato. dovato is a complete hiv treatment for some adults. no other complete hiv pill uses fewer medicines to help keep you undetectable than dovato. detect this: most hiv pills contain 3 or 4 medicines. dovato is as effective with just 2. if you have hepatitis b, don't stop dovato without talking to your doctor. don't take dovato if you're allergic to its ingredients or taking dofetilide. this can cause serious or life-threatening side effects. if you have a rash or allergic reaction symptoms, stop dovato and get medical help right away. serious or life-threatening lactic acid buildup and liver problems can occur. tell your doctor if you have kidney or liver problems or if you are pregnant, breastfeeding, or considering pregnancy. dovato may harm an unborn baby. most common side effects are headache, nausea, diarrhea, trouble sleeping, tiredness, and anxiety. detect this: i stay undetectable with fewer medicines. ask your doctor about switching to dovato. 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(vo) this black friday weekend, turn any iphone in any condition into a new iphone 15 pro with titanium, and ipad, and apple watch se, all on us - that's up to $1700 in value. only on verizon. you want to be able to provide your child with the tools or resources they need. with reliable internet at home, through the internet essentials program, the world opened up. fellas, fellas. that's how my son was able to find the hidden genius project. we wanted to give y'all the necessary skills to compete with the future. kevin's now part of this next generation of young people who feel they can thrive. ♪ ♪ director: scoot over 1 inchto your right, alvan? there you go. and just real quick,tell me what is jeffamazon? what isthat name? how did you come up with it? - yeah. jeffamazon was reallyan experiment, for me, to figure out if i couldcreate an online persona that was sogood at trading that it would be interviewedin a documentary. and it turned out to be true. [laughs] there are alwaysmany different forces in the stock market. so i guess if you couldimagine a boat in the ocean, there's currents pushingagainst you. there may be people paddling.maybe if you have a sail, the wind can helpyou out. but whichever forceis the strongest, that's the onethat matters the most. [waves crashing] my game is asymmetricbetting-- the ability to put ina small amount of capital and to receive anextremely large return. between 10 to 100to 1,000 times returns. so what this meansis kind of spotting bubbles. you have to basically assessevery single possible data point that exists,everything from interest rates to retail sentiment. i was looking intothese opportunities, and i thinki had found one. gamestop jumped double digit percentages one random weekin september. and i thought, wow,what's going on with gamestop? gamestop is a brickand mortar retail store that basically sellsconsole games. it was a company that was runfairly poorly. commentator: it's kind ofa failing company. it's like you canalmost compare it to blockbuster video. their business model isnot really the best. alvan chow: i still thoughtthat this was a dying brick and mortar store. people are definitelygoing to go digital. but i looked into it and looked at everything onthe internet about gamestop, and roaring kittywas one of them. [music playing] - yo, what up, everybody? this is going to be the firstvideo of the kitty corner. and the market has kind offorced my hand on this one. the first stock that i'm goingto talk about is gamestop. and i know it's a polarizingstock. some people won't even tuneinto the stream right now when they hear thati'm bullish on gamestop. alvan chow: i thought he wasone of these crazy guys, with a cat as a logo, and there's nothingabout his background. but i figured out thathe was also an extremely prudent, responsible,knowledgeable investor. - gamestop is the only brickand mortar store dedicated to gaming. suppose over the next year,management can craft a narrativethat carves out a 2% share of that rapidly growing$150 billion gaming industry. one of themost exciting-- kirsten: i fully understoodwhere he was coming from, because i mean, it wasactually technical analysis, in my opinion, but it was just totallydifferent type of analysis on trades than the typicalsuits were looking at. - i actually went on oneof roaring kitty's streams and just started doinga lot more research. and then ryan cohen announced his stake of 9%. ryan cohen isthe founder of chewy. it's the only companythat went head to head with amazonand just ate their lunch. - this dude knows his shitin the e-commerce world. he does kind of seem likehe's forward-thinking. alvan chow:after that, i was just in fullinformation-gathering mode. keith gill:hey, jeffamazon. welcome back, jeff.welcome back. alvan chow:we were just getting to really know the company. - there's so muchnegative commentary. i just thinkthat this sentiment is so negativethat it's overdone. that's what i'm trying to get at in this section. matt kelly:i saw a post from michael burry.i knew who michael burry was. i've seen "the big short."there was an article about him investingin gamestop. i can see whypeople think gamestop is going to goout of business. like it makes sense that they're goingout of business, but they seemto be making some plays. alvan chow:and then i just noticed this extremelyastounding figure, the 140%short interest figure. sir jackalot: 140% shortinterest ratio on one stock. that means there are moreshorts than shares that exist. [laughs] all the shares outstanding for the companywere basically shorted, which is absurdand unprecedented. alvan chow:so i tried to look for a historical precedenton what would happen if somethingwas over 100% shorted, but there was nothing. stock expert:when you sell stocks short, you're betting that the marketis going to go down. and if you're wrong,the stock can go up against youvery sharply, and you have to close thatposition, usually at a loss. so you can see guyson wallstreetbets who knew what they were doing. these guys are smart.they understand, ok, we can get leverageon this thing, right? i know that if we gathertogether, there's a point here at whichwe can really push against hedge funds enoughto force them to cover. we can force the market. we can forcethis stock higher. - all these short sellersbuying back their position drives the stock higher and squeezing outall the short players from the market.that's a short squeeze. - you've got to bereally greedy to keep shorting gamestop when it was at like $6a share or something. because that means if you'reshorting at $6 a share, you're only profitingif it goes below $6. it was a post by jeffamazon, where he kind of laid outthe gamestop thesis. - i wrote this post called "the greatest short burnof the century." my brother, who's an actor,is going to come and read