Episode #4: GameStop Xplained Pt. 1
In today’s episode we take you back a year ago when we were living through the height of the pandemic with millions of people working from home and retail stores struggling to keep their doors open. As this was happening we watched a retail company with little promise take the market by surprise. In just a few days shares of the video game retailer, GameStop soared 1,700 percent. To help us understand how and why, we reached out to expert Kristin Myers the award winning journalist, Editor in Chief of the Balance and former Yahoo Finance Anchor. Kristin will be leading our latest course HerWealth which will launch the first week of February.In the next two episodes you will hear Kristin break down the facts to help us understand the markets and the various players that caused this market frenzy.
Kristin Myers is an award-winning journalist, producer, and Editor-in-Chief of finance and economics site TheBalance.com. Before joining The Balance, Kristin was a senior writer at Yahoo Finance, host of Yahoo Finance Live, and one of the creators and hosts of “A Time for Change,” a weekly program that explores race, diversity, and inclusion in the world of business, finance, and politics. Previously, Kristin also helped launch Al Jazeera America, where she produced high-profile guest segments and was part of field teams for special coverage, including the riots in Ferguson, and the funeral of Nelson Mandela in South Africa. She has also worked with Bloomberg News, MSNBC, and others, in the U.S. and abroad.
Episode #4: GameStop Xplained Pt. 1
In this episode, we try to decipher what really happened with GameStop’s stock last winter. Misinformation was at the heart of this massive short squeeze (which also went viral) and we all learned the danger of making investments based on untrustworthy information from players who seek to manipulate the markets. To better understand the factors that accounted for GameStop’s volatile stock price fluctuation, we must first learn the basics of investing in the stock market by asking: who are the players? Who owns the stocks? How are they valued? And, what is a short? Kristin Myers, an award-winning journalist whose work recently focuses on financial news, answers all those questions and more while also explaining why it is important to take educated risks when engaging with the stock market.
Kristin Myers is an award-winning journalist, producer, and Editor-in-Chief of finance and economics site TheBalance.com. Before joining The Balance, Kristin was a senior writer at Yahoo Finance, host of Yahoo Finance Live, and one of the creators and hosts of “A Time for Change,” a weekly program that explores race, diversity, and inclusion in the world of business, finance, and politics. Previously, Kristin also helped launch Al Jazeera America, where she produced high-profile guest segments and was part of field teams for special coverage, including the riots in Ferguson, and the funeral of Nelson Mandela in South Africa. She has also worked with Bloomberg News, MSNBC, and others, in the U.S. and abroad.