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VC Bill Gurley on GameStop: Minnows ‘took down a shark’ – Business Insider – Business Insider

Eric Newcomer interviewed the investor Bill Gurley for his Newcomer newsletter on Friday.

Gurley said he had a “fascination” with the Reddit forum Wall Street Bets and its Discord discussions.

He also remarked on the populist bent of the week’s events.

The Benchmark venture capitalist Bill Gurley has been fascinated by the continuing saga of amateur investors on apps like Robinhood buying up shares in companies targeted by short sellers and, in turn, putting the squeeze on institutional investors and hedge funds.

On Monday, Deadline reported the film studio MGM bought the rights to a book proposal about the GameStop short squeeze by the writer Ben Mezrich, the author of the book on which David Fincher’s “The Social Network” was based.