
Dumb Money
The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees
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Narrated by:
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Fajer Al-Kaisi
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By:
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Ben Mezrich
About this listen
From the author of the book that became the iconic The Social Network movie, here is the definitive take on one of the wildest stories ever—the David-vs.-Goliath GameStop short squeeze, a tale of fortunes won and lost overnight, marking an unforgettable event in financial history.
Bestselling author Ben Mezrich offers a gripping, beat-by-beat account of how a loosely affiliated group of private investors and internet trolls on a subreddit called WallStreetBets took down one of the biggest hedge funds on Wall Street, firing the first shot in a revolution that threatens to upend the establishment.
It’s the story of financial titans like Gabe Plotkin of hedge fund Melvin Capital, one of the most respected and staid funds on the Street, billionaires like Elon Musk, Steve Cohen, Mark Cuban, Robinhood co-CEOs Vlad Tenev and Baiju Bhatt, and Ken Griffin of Citadel Securities. Over the course of four incredible days, each in their own way must reckon with a formidable force they barely understand, let alone saw coming: everyday men and women on WallStreetBets like nurse Kim Campbell, college student Jeremy Poe, and the enigmatic Keith “RoaringKitty” Gill, whose unfiltered livestream videos captivated a new generation of stock market enthusiasts.
The unlikely focus of the battle: GameStop, a flailing brick-and-mortar dinosaur catering to teenagers and outsiders that had somehow held on as the world rapidly moved online. At first, WallStreetBets was a joke—a meme-filled, freewheeling place to share shoot-the-moon investment tips, laugh about big losses, and post diamond hand emojis. Until some members noticed an opportunity in GameStop—and rode a rocket ship to tens of millions of dollars in earnings overnight.
In thrilling, pulse-pounding prose, DUMB MONEY offers a fascinating, never-before-seen glimpse at the outsize personalities, dizzying swings, corporate drama, and underestimated American heroes and heroines who captivated the nation during one of the most volatile weeks in financial history. It’s the amazing story of what just happened—and where we go from here.
Previously published as The Antisocial Network.
©2021 Ben Mezrich (P)2021 Grand Central PublishingListeners also enjoyed...
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Story
The best-selling author of Bringing Down the House (63 weeks on the New York Times best seller list and the basis for the hit movie 21) and The Accidental Billionaires (the basis for the Academy Award-winning film The Social Network) delivers an epic drama of wealth, rivalry, and betrayal among megawealthy Russian oligarchs - and its international repercussions.
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Oligarchs, Operatives, Explosives & Intrigue!
- By Michael J Canning on 07-26-16
By: Ben Mezrich
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Straight Flush
- The True Story of Six College Friends Who Dealt Their Way to a Billion-Dollar Online Poker Empire--and How it All Came Crashing Down…
- By: Ben Mezrich
- Narrated by: Sean Pratt
- Length: 7 hrs and 8 mins
- Unabridged
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Based on extensive insider interviews and participation, acclaimed author Ben Mezrich's Straight Flush tells the captivating rags-to-riches tale of a group of University of Montana frat brothers who turned a weekly poker game in the basement of a local dive bar into AbsolutePoker.com, one of the largest online companies in the world. But then the U.S. Department of Justice placed a bull's-eye on Absolute Poker. Did they fold - or double down and ride their hot hand?
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Typical Mezrich Trash
- By Munster Monster on 08-01-19
By: Ben Mezrich
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Ugly Americans
- The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions
- By: Ben Mezrich
- Narrated by: TBD
- Length: 5 hrs and 25 mins
- Abridged
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Ugly Americans is the true story of John Malcolm, a Princeton graduate who traveled halfway around the world in search of the American dream and pulled off a trade that could be described as the biggest deal in the history of the financial markets.
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Very entertaining
- By Amazon Customer on 06-09-05
By: Ben Mezrich
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Rigged
- By: Ben Mezrich
- Narrated by: Ben Mezrich
- Length: 8 hrs and 37 mins
- Unabridged
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After conquering the hallowed halls of Harvard Business School, he enters the testosterone-laced warrens of the Merc Exchange, the asylumlike oil exchange located in lower Manhattan. A place where billions of dollars trade hands every week, the Merc is like a casino on crack, where former garbagemen become millionaires overnight and where fistfights break out on the trading floor.
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Another interesting story...
- By Carey Patrick Ryan on 11-27-07
By: Ben Mezrich
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Woolly
- The True Story of the Quest to Revive One of History's Most Iconic Extinct Creatures
- By: Ben Mezrich
- Narrated by: Ben Mezrich
- Length: 6 hrs and 42 mins
- Unabridged
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Ben Mezrich takes us on an exhilarating true adventure story from the icy terrain of Siberia to the cutting-edge genetic labs of Harvard University. A group of young scientists, under the guidance of Dr. George Church, the most brilliant geneticist of our time, works to make fantasy reality by sequencing the DNA of a frozen woolly mammoth harvested from above the Arctic Circle and splicing elements of that sequence into the DNA of a modern elephant.
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Mezrich's worst creation
- By Alex Curtis on 11-03-17
By: Ben Mezrich
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Liar's Poker
- Rising Through the Wreckage on Wall Street
- By: Michael Lewis
- Narrated by: Michael Lewis
- Length: 10 hrs and 16 mins
- Unabridged
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In 1986, before Michael Lewis became the best-selling author of The Big Short, Moneyball, and Flash Boys, he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms. During the next three years, Lewis rose from callow trainee to New York- and London-based bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar’s Poker is the culmination of those heady, frenzied years - a behind-the-scenes look at a unique and turbulent time in American business.
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Finally!
- By Anonymous User on 02-08-22
By: Michael Lewis
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Digital Gold
- Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
- By: Nathaniel Popper
- Narrated by: Robert Fass
- Length: 10 hrs and 49 mins
- Unabridged
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A New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age.
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Informative, but dry
- By Tomer on 05-10-16
By: Nathaniel Popper
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The Fund
- Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend
- By: Rob Copeland
- Narrated by: Rob Copeland, Will Damron
- Length: 12 hrs and 54 mins
- Unabridged
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Ray Dalio does not want you to listen to this audiobook. Late last year, when the billionaire founder of Bridgewater Associates, the largest hedge fund on the planet, announced that he was stepping down from the company he started out of his apartment nearly 50 years ago, the news made headlines around the world. Dalio cultivated an aura of international admiration and fame thanks to his company’s eye-popping success, coupled with a mystique he encouraged with frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles.
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Best finance book I've read in years
- By Aaron on 12-16-23
By: Rob Copeland
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Panic!
- The Story of Modern Financial Insanity
- By: Michael Lewis
- Narrated by: Blair Hardman, Jesse Boggs
- Length: 7 hrs and 1 min
- Abridged
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A masterful account of today's money culture, showing how the underpricing of risk leads to catastrophe. With his trademark humor and brilliant anecdotes, Michael Lewis paints the mood and market factors leading up to each event, weaves contemporary accounts to show what people thought was happening at the time, and then, with the luxury of hindsight, analyzes what actually happened and what we should have learned from experience.
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Good - But you need to know what you are getting.
- By Cash on 01-03-09
By: Michael Lewis
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Easy Money
- Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud
- By: Ben McKenzie, Jacob Silverman - contributor
- Narrated by: Ben McKenzie
- Length: 10 hrs and 33 mins
- Unabridged
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From a famous actor and an experienced journalist, a wildly entertaining debunking of cryptocurrency, one of the greatest frauds in history and on course for a spectacular crash.
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Informative and entertaining dive into crypto land
- By Uncle Fester on 07-21-23
By: Ben McKenzie, and others
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Going Infinite
- The Rise and Fall of a New Tycoon
- By: Michael Lewis
- Narrated by: Michael Lewis
- Length: 9 hrs and 35 mins
- Unabridged
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When Michael Lewis first met him, Sam Bankman-Fried was the world’s youngest billionaire and crypto’s Gatsby. CEOs, celebrities, and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side?
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really expected more rigor from Michael Lewis
- By Wowhello on 10-04-23
By: Michael Lewis
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The Trading Game
- A Confession
- By: Gary Stevenson
- Narrated by: Gary Stevenson
- Length: 12 hrs and 41 mins
- Unabridged
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Ever since he was a kid, kicking broken soccer balls on the run-down streets of East London, Gary Stevenson dreamed of something bigger. As luck would have it, he was good at numbers. At the London School of Economics, wearing tracksuits and sneakers, Stevenson shocked his posh classmates by winning a competition called “The Trading Game.” The prize? A golden ticket to a new life, as the youngest trader at Citibank.
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Great substance and storytelling
- By Daniel Tunkelang on 03-07-24
By: Gary Stevenson
What listeners say about Dumb Money
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- E. W. Hodson
- 10-31-23
Great Story
I enjoyed the in-depth story from all the players involved. Ben is always such a good storyteller!
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- Laura
- 11-24-21
Great book
I really loved this book, it helped me understand what went on with Game Stop and it reads like a thriller.
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1 person found this helpful
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- Chamara
- 06-17-22
Amazing storytelling
This should be a textbook for show vs. tell. Great analogies. Narration was excellent, enjoyed changes in accent with characters. Felt a void once it was over, just wanted more.
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- TX Tech boater
- 06-03-24
full of interesting detail
way more detail than the movie. that left me wanting so I bought the book. too bad we don't know how Keith truly ended up.
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- Anonymous User
- 09-12-21
Portnoy Accent 🤦♂️
Good, quick story. Narration solid, need to know where the inspiration for Dave Portnoy voice came from?
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- Richard
- 04-16-22
I hope to hear an updated edition in the future.
I was surprised this story came out so quickly after the incident happened. I hope to hear an updated "where are they now" in the future.
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- Coach Kip
- 01-31-22
Great Analysis of WSB and GME
A great narrative of how Wall Street Bets and GameStop coincided with amazing coincidence to cause havoc on the financial system.
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- Jaden Grant
- 09-12-21
Lovely
A typical Ben Mezrich smash hit, he was able to perfectly sum or and encapsulate the GameStop short squeeze, and described in great detail all the key players and how they affected and reacted to it. A very infamous economic story of our time. I hope the movie is great.
I also liked the stock.
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- Robert ONeill
- 09-23-21
Social Media bites big dog
Brilliantly written account of the Wall Street one-percenters raping and pillaging the rest of us and overall congressional ineptitude. For the first time since hot or not, it proves social media can serve a purpose. It also becomes clear that only those inside the financial system know how to manipulate the controls like Vegas casinos and pocket the skim. Even clearer that most who run for Congress were probably unable to get a job in the real world. Solid narration. Could do without the ESL accent and female impersonation. As well as this is written, it can get dry and esoteric. This ongoing Wall Street scandalous story needs to be told in a 5 minute or less video documentary that the masses can digest. The world needs a JOHN STEWART to synthesize this. Do I really need 15 more words audible?
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- JD
- 09-17-21
Epic!
A must read! A great story of David vs. Goliath! Author walks through many different stories of individuals involved in the GME saga.
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