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Hello and welcome to Decoder.

I'm Neili Patel, Editor in Chief of the Verge, and Decoder is my new podcast about big ideas and other problems.

Before we get into this episode, I wanted to ask you all to take some time to fill out our Decoder audience survey.

We've been at it for a while and we want to hear what you think of the show, our guests and any other feedback you want to share.

We'll only take a few minutes and you'll be helping to inform future episodes of Decoder to help make this show even better.

You can find the survey in the show notes or at theverge.com slash survey.

Okay, on today's episode of Decoder, I'm talking to John Fort, the co-anchor of Squawk Alley on CNBC.

Happy Tuesday, welcome to Squawk Alley, I'm John Fort with Colking Team.

Now, I'm a CNBC contributor and I usually go on John's show to talk about big tech companies like Apple and Google and Facebook.

But I really wanted to have John on Decoder this week. Talk about something else. GameStop.

Well, not GameStop, the company. GameStop, the idea.

GameStop, the moment in time when it felt like a bunch of redditors might alter the US financial system by buying up shares of stock and a struggling video game retailer.

Now, this is a business show. If you're listening to it, I'm going to assume you're familiar with the basics of the GameStop story because it's been unavoidable.

But those basics are simple enough.

A hedge fund called Melvin Capital Management took what's called a short position in GameStop.

...