CNBC SPECIAL: Making of the Meme King Part 1

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 25 July 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Part One: "A scrappy kid from Canada makes it big in America" Building Chewy into an e-commerce giant made Ryan Cohen a hot commodity on Wall Street, but jumping into the online frenzy around GameStop and Bed Bath & Beyond transformed him into an icon for a generation of individual investors hell-bent on turning American finance upside-down. In Part 1 of this two-episode podcast, CNBC Documentaries digs deep into Cohen’s unorthodox background and the bold, often controversial moves that earned him nicknames such as Papa Cohen and the Meme-Stock King. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Ryan Cohen has emerged as a pretty interesting figure as well, never talked.
0:04.0	I did not know who Ryan Cohen was before he gave stuff.
0:08.0	They're people who made fortunes thanks to him.
0:12.0	What do you think that Ryan Cohen is doing?
0:14.0	I have no idea.
0:16.0	This is Making of the Memekin, a special CNBC podcast.
0:25.0	Ryan Cohen is a man of mystery. I've never met him.
0:27.0	I don't believe I've ever even heard him speak.
0:29.0	30-something entrepreneur who essentially took the Amazon on successfully
0:34.0	and built out chewy to the great company that is today.
0:37.0	Somebody without a college degree can become the chairman of a public company of the scale of GameStop.
0:43.0	Came upon Newfound fame by being the meme-stock king, by being the pied piper of Wall Street.
0:49.0	In terms of him being a meme lord, I don't know.
0:51.0	If I was Ryan Cohen, I wouldn't want that to be my claim to fame.
0:54.0	Every story needs a hero or a villain.
0:57.0	Ryan very much filled that role.
1:04.0	I'm Mary Hannan, a CNBC documentary senior producer.
1:08.0	I'll provide some names in context, but this story is really told by the people who lived it, worked it, or covered it.
1:15.0	Part 1. A scrappy kid from Canada makes it big in America.
1:22.0	My name is Melissa Lee. I am a host and reporter at CNBC. I've been here for more than 20 years.
1:29.0	People know Ryan Cohen now probably because of his role in the GameStop run-up.
1:34.0	His investment of $76 million now worth over $2 billion.
	...

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