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What Next | Daily News and Analysis

TBD | Inside the Subreddit That Blew Up GameStop

What Next | Daily News and Analysis

Slate Podcasts

News, News Commentary, Daily News

4.32.4K Ratings

🗓️ 29 January 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

The story of how GameStop went from the verge of a bankruptcy to a $15 billion market value isn’t an easy one to wrap your head around. But it helps to go back to the beginning; almost three years ago, in a subreddit called r/wallstreetbets. Guests:  Brandon Kochkodin, reporter at Bloomberg Host Lizzie O’Leary Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:27.0

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0:30.0

Heads up before we get started.

0:32.0

There is some swearing in today's episode.

0:35.0

Also, this is a fast moving new story where numbers are changing quickly.

0:44.0

Well, tell me a little bit about yourself, I guess, as much as you're comfortable telling me.

0:50.0

Sure, I'm a software engineer in the Southwest.

0:53.0

This guy, we're going to call him Jason.

0:56.0

He's a 36 year old dad.

0:59.0

Jason is not his real name, but we agreed to give him a pseudonym because we're talking about a subreddit he's on, called Wall Street Bets.

1:07.0

A subreddit that is at the center of the chaotic last few days in the stock market.

1:12.0

And he didn't really want his employer to know about all of this.

1:16.0

I asked him what he thought the first time he went on Wall Street Bets.

1:20.0

My impression was that these guys are absolute doofuses and it's hilarious.

1:25.0

It's difficult to describe without swearing because they swear about themselves so much.

1:30.0

It's okay. It's a podcast you can swear. Wall Street Bets is like a lot of Reddit.

1:34.0

In that there are a bunch of people with screen names like Dr. Blunt or my mom looks at this.

...

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