Five years after the GameStop saga, the most enduring legacy of the so-called "dumb money" era is a structural shift in how markets function. Retail investors did not overthrow Wall Street like they had hoped but they also didn't vanish completely. Instead, retail became a permanent and influential participant in modern markets. CNBC's Kate Rooney walks through how small investors have forced platforms, institutional investors and regulators to adapt in ways that continue to shape volatility, risk and investor behavior today.
Chapters:
0:00 Introduction
00:47 Chapter 1: GameStop mania
01:25 Chapter 2: The rise of retail investors
04:45 Chapter 3: A new Wall Street
Produced by: Macklin Fishman, Charlotte Morabito
Reporting by: Kate Rooney, Yun Li, Alex Harring
Additional editing: Darren Geeter
Animation: Emily Park, Jason Reginato
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
» Subscribe to CNBC TV:
» Watch CNBC on the go with CNBC+:
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work with AI? Sign up for CNBC's new online course, Beyond the Basics: How to Use AI to Supercharge Your Work. Learn advanced AI skills like building custom GPTs and using AI agents to boost your productivity today. Sign up today:
Connect with CNBC News Online
Get the latest new
|
It began with a message in WIRED technol...
America’s wealth gap has been widening f...
Why are TikTok users in the U.S. accusin...
This week, President Trump announces he ...
Engadget’s TMA is a weekly video series ...
The Big Beautiful Bill allotted more tha...
✅画面に表示される株価・指数などの数値は【2026年1月29日放送時点】のもので...
✅画面に表示される株価・指数などの数値は【2026年1月28日放送時点】のもので...
▼チャンネル登録&高評価をお願いします▼ 👉 日経CNBC「かぶオプ道場~株...
Saudi Arabia is turning to the kingdom's...
Sports wagering is booming in Africa. Fu...
"Balance of Power: Late Edition" focuses...
Bloomberg’s Caroline Hyde and Ed Ludlow ...
----------------------------------------...
Professor Answers Olympic History Questions | Tech Support | WIRED
Professor of Sport Studies Amy Bass join...
Dropout's Vic Michaelis Reveals Why They Made Brennan Lee Mulligan Qui
Vic Michaelis joins us on Say More to br...
The Rise of Salesforce (Behind the Cloud Giant)
The first 1000 people to use the link wi...
MrBeast Answers The Web's Most Searched Questions | WIRED
MrBeast joins WIRED to answer his most s...
How GameStop Mania Changed The Stock Market
Five years after the GameStop saga, the ...
Bessent says Trump accounts could give toys a run for their money
"Giving everyone a piece of the American...
Dropout's Vic Michaelis Reveals Why They Made Brennan Lee Mulligan Qui
Vic Michaelis joins us on Say More to br...
Bessent says Trump accounts could give toys a run for their money
"Giving everyone a piece of the American...
How GameStop Mania Changed The Stock Market
Five years after the GameStop saga, the ...
Professor Answers Olympic History Questions | Tech Support | WIRED
Professor of Sport Studies Amy Bass join...
MrBeast Answers The Web's Most Searched Questions | WIRED
MrBeast joins WIRED to answer his most s...
The Rise of Salesforce (Behind the Cloud Giant)
The first 1000 people to use the link wi...