BBBY | Is It a Stock or Cult?

Things I Learned Last Night

Space Tim Media

Comedy, Education, History

4.6 • 673 Ratings

🗓️ 3 December 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bed Bath & Beyond, once a retail giant, found itself struggling to compete in a changing retail landscape. While competitors like Target and Walmart adapted to the e-commerce boom, Bed Bath & Beyond lagged. Over-expansion, debt, and the pandemic only worsened its troubles. By the early 2020s, its stock price had plummeted, and the company was on the brink of collapse. Enter Ryan Cohen, a well-known investor who had previously played a role in the GameStop stock saga. Cohen’s involvement sparked renewed interest in Bed Bath & Beyond, giving the company temporary hope and attracting risky stock market bets. Online communities, particularly on Reddit, became obsessed with Bed Bath & Beyond. Inspired by the success stories of GameStop and AMC, these groups believed they could save the retailer while making a fortune. The subreddit "BBBY" (based on Bed Bath & Beyond’s stock ticker) became a hub for speculation, conspiracy theories, and misplaced hope. Things I Learned Last Night is an educational comedy podcast where best friends Jaron Myers and Tim Stone talk about random topics and have fun all along the way. If you like learning, and laughing a whole lot while you do, then you’ll love TILLN. Watch or listen to this episode today! Become a Patron and Get Early Access to Ad-Free Episodes: https://tilln.com/support Episode link: https://tilln.com/bbby Support TILLN & Join The Mailing List: https://linktr.ee/tillnpodcast Watch Tulip Mania: https://youtu.be/DW7q2yLfbUQ?si=TvwdLWx-xtzJRmg0 Text TILLN to 66866 to become a patron and gain access to ad-free episodes, the exclusive discord, and earn discounts on TILLN Merch. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Diamond Hands, baby. This week we learn about the cult of the stonks community. Stonks, baby.
0:07.1	There was a, if you were unfamiliar with, there was a pump and dump scheme that happened with
0:11.4	several different stocks, including GameStop, AMC in 2021. But what I didn't know about was the
0:16.3	Bed Bath and Beyond cult. Yeah, this one's all about the beyond section and it's beyond believable.
0:22.4	I said no jokes in the intro. That's why. This is a comedy podcast. I do the jokes. So they're
0:28.5	funnier during the episode. But we learn about a lot of stuff. Whatever. No, but this is about a group on
0:37.0	Reddit that has so fully fallen into delusion about the bed bath and beyond stock that literally no longer exists, but they're still, they still think they're going to get rich.
0:46.1	So, uh, it's December. December 3rd. December 3rd is, is what today is. And, uh, that means I've got a couple shows that you can't come to.
0:55.1	I do a lot of private Christmas parties.
0:58.0	But enjoy the time of your family.
1:00.0	Yeah.
1:00.4	This holiday season.
1:01.1	Throw your own little private Christmas party.
1:02.8	That's right.
1:03.2	Watch the blind date.
1:04.3	All the way or just friends.
1:07.0	Or yeah, you can watch the blind date.
1:08.1	That's free.
1:09.4	Thanks for being here for our show. We really like this episode. Let's get into it.
1:15.5	Hey, man. What's up?
1:17.5	Have you ever heard of BBB, B, B, B, B, B, B, Y?
1:23.1	Yeah, see if you could guess what that stands for.
	...

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