Article: ‘Wolf of Wall Street’ Jordan Belfort Lauds ‘Brilliant’ Stock Revolt: ‘This is a Paradigm Shift’

Article - Media

Yael Halon | 21.02.02

“My hat’s off to them…it’s brilliant what they did.” — Jordan Belfort

The share price of video game retailer GameStop surged dramatically last week after a group of Reddit users teamed up to buy up the struggling retailer’s call options – hurting market short sellers.

“I believe this is a paradigm shift right now,” Belfort, who spent 22 months in prison after pleading guilty to charges of securities fraud and money laundering, told host Tucker Carlson.

“The little guy finally is equipped, information travels instantly now, it used to only be the big guys, they paid the analysts … so now the little guy finally has the ability to play that same game, at least somewhat,” Belfort explained. “And there is going to be a radical change, it’s not going to be the same.”