32 minutes | Feb 1, 2021

2.14 Reddit vs Short sellers

It this episode we talk about the recent moves in the US Stock market and how a group of Reddit traders led financial warfare against Wall street Hedge funds. Some have compared this to the epic battle between David and Goliath (Dawood and Jalut) - but we think there is more to the story. We also look at short selling that was used and if these types of speculative instruments are shariah compliant.

Timeline of events: - Hedge funds shorted the share in GameStop (American video game retailer) and had billions riding on the shares plummeting. - Traders banded together on Reddit's WallStreetBets forum to push the price of the stock up. - This move by Reddit traders push the shares up and thus decimates the hedge funds (short-sellers) - Shares in GameStop shot up more than 1500%. - Some Hedge funds lost billions.

Topics: Short selling, trading, wall street, Elon Musk, Reddit, traders, Tesla, Robinhood, Gamestop, short squeeze, hedge funds, speculation.


Don’t forget to rate our podcast *5 stars* wherever you listen to us!


Join Islamic Finance Podcast Telegram channel at: https://t.me/IslamicFinancePodcast

Almir's Youtube channel available at https://www.youtube.com/almircolan


Podcast Hosted by Almir Colan.

Connect with us:

Be part of the conversation and keep in touch with us to find out about new episodes and other content.

Web: www.islamicfinancepodcast.com

Social media:

- YouTube

- Facebook (public page)

- Facebook (group)

- Twitter

- Instagram


Read Disclaimer here.



The information contained in Almir Colan’s "Islamic Finance Podcast" website and related podcasts are intended to provide general information only and have been prepared without taking into account your objectives, financial situation or needs. Accordingly, the information in this podcast and the related website is not intended to serve as legal, financial, investment, accounting, or tax advice. Before acting on this information, you should consider the appropriateness of this information having regard to your personal objectives, financial situation or needs.

Almir Colan’s "Islamic Finance Podcast" website and related podcasts disclaims all warranties with regard to this information, including all implied warranties of merchantability and fitness for a particular purpose. In no event shall we be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortuous action, arising out of or in connection with the use or performance of this information.

Play Next