Vlad Tenev
👤 SpeakerAppearances Over Time
Podcast Appearances
Every time it ticked up, he would get more and more fans.
So it created this self-referential viral loop almost where it would go up, he would do a video, he would get more fans, people said, well, this is amazing.
And then it kept going.
And as the price went higher and higher, it got more attention and more people would come in, more retail customers.
it was all over the news, right?
So the news was like helping amplify.
He built an army, right?
And then I think a lot of stories sort of formed around that.
Like they looked at all the people that were shorting the stock and it was hedge funds.
Explain that whole system.
So the way short selling works is most people, when they want to trade, are long stocked.
They're buying it to succeed.
Yeah, they want the stock to go up.
So they buy it and they hold it long, right?
What you can also do is to take the contrary view and you short a stock.
So you're betting against the stock.
You're betting against the stock.