GameStop, Reddit, and Robin Hood: How r/WallStreetBets gamed the stock of GameStop

The Vergecast

Vox Media Podcast Network

Technology, Tech News, News

4.4 • 4.1K Ratings

🗓️ 29 January 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Verge's Nilay Patel, Dieter Bohn, and Elizabeth Lopatto explain how the users of the subreddit r/WallStreetBets sent GameStop, AMC and other stocks rocketing up through the stock market. A year into coronavirus, we’re still counting the dead Slow certification process keeps some pharmacists from giving COVID-19 vaccines Go read this report about the tech systems behind the US’s vaccine distribution Testing sidelined as health departments focus on vaccination How r/WallStreetBets gamed the stock of GameStop Reddit’s GameStop traders turn their attention to AMC stock Memes have broken the brokerages Robinhood blocks purchase of GameStop, AMC, and BlackBerry stock Discord has turned into a virtual trade floor with memes, stocks, and chaos r/WallStreetBets went private — and now it’s back with a message After buy ban, GameStop hypebeasts are looking for a Robinhood alternative Robinhood denies claims that it sold GameStop shares out from under its traders Robinhood will allow ‘limited buys’ of stocks like GameStop starting Friday Samsung Galaxy S21 review Sony’s creator-focused Xperia Pro arrives in the US priced at $2,499 Tesla unveils redesigned Model S with new interior and 520-mile range option OnePlus co-founder Carl Pei’s next company is literally called Nothing Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Coming up today on the Vergecast, Liz Lapato joins me and Deeter to talk all about GameStop,
0:05.9	Reddit, and what is happening with Robinhood. It is a wild ride. And then Deeter gives us a
0:10.4	little update on some gadgets that's coming up on the Vergecast now.
0:14.0	This episode is sponsored by TurboTax. TurboTax has experts who can help relieve you from the
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0:46.4	This episode is brought to you by Slack. With Slack, you can bring all your people and tools together
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1:01.2	and automate workflows. Plus, Slack is full of game-changing features like huddles for quick check-ins
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1:22.8	Hello and welcome to the VRTcast, the flagship podcast of high-frequency trading. See?
1:27.9	Oh, right on the nose this week. I'm your friend, Nela. Deeter Bowne is here. I don't have a
1:33.4	clever thing. I'm also your friend. Liz Lapotto is here. Hi. There's like a lot of stories to
1:38.3	talk about this week, but there's only one story, which is Game Stock. Game Stock. I can't even say
1:45.6	it anymore. Game Stop, the troubled video game retailer, which no longer is a video game retailer,
1:53.4	but rather a symbol of class warfare in America. That's true. Actually, I have to feel about it.
1:58.0	So Liz is here to help us talk about all of it. There's a lot of moving parts to this puzzle.
2:04.4	That's a metaphor. And then Deeter and I are maybe going to maybe run through some gadgets at the
	...

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