DORKs Are Cool Again

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 26 July 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: The redditors have found a fresh batch of meme stocks. Felix Salmon, Elizabeth Spiers, and Emily Peck examine the so called DORK stocks – Krispy Kreme (DNUT), Opendoor (OPEN), Rocket Mortgage (RKT) and Kohl’s (KSS) among others – and what this resurgence of meme stocks says about the state of the market. Then, the Trump administration’s laissez-faire attitude toward financial regulation has encouraged a return of crypto ventures like Polymarket to the US. The hosts discuss this sea change and whether this lack of oversight will lead to a financial crisis. And finally, CBS says its cancellation of The Late Show with Stephen Colbert is purely a financial decision despite coinciding with Paramount's settlement with number one Stephen Colbert hater Donald Trump. Was the decision all political, all financial, or all of the above? In the Slate Plus episode: The Summer Reads Edition Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello!
0:01.0	And welcome to Slate Money, your guide to the Business and Finance News of the Week.
0:18.0	I'm Felix Hammond and I'm joined by Elizabeth Spires
0:22.0	of New York Times right here in the slate money studio. I'm joined by Emily Peck of Axios.
0:30.0	Hello, hello. We are going to talk about meme stocks. Remember meme stocks from 2021? They're back.
0:41.4	We are meming again, people. Y people yolo jump in make lots of money buy crispy cream stock instead of crispy cream donuts you might go bust but at least
0:47.3	won't get fat um we are going to talk about polymarket um well we bet we kind of touch on polymarket, but mainly we talk about
0:59.1	crypto more generally and how it seems to be in a regulatory zone which allows it to do
1:04.7	whatever it wants and whether that has the potential to cause some kind of monster financial
1:10.6	crisis.
1:11.0	We are going to talk about the cancellation of the late show with Stephen Colbert
1:16.8	and whether it was political or not.
1:19.5	We have a Slate Plus segment on Beach Reeds.
1:24.1	It's all coming up on Slate Money.
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	...

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