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Planet Money

The Curse Of The Black Lotus (Update)

Planet Money

NPR

Business, News

4.630.5K Ratings

🗓️ 31 March 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

When the popular card game Magic: The Gathering entered a speculative bubble, its creators found a way to keep it from bursting. We check in to see if their strategy is still working. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0

This is Planet Money from NPR.

0:04.0

Hey everyone, Robert Smith here.

0:09.0

Every company wants its product to be popular, but it can cause trouble when that product becomes

0:13.6

not just hot, but too hot, part of an irrational bubble.

0:18.2

This episode, which we originally put out back in 2015, is all about how the company behind

0:23.4

the popular trading card game, Magic the Gathering, figured out a way to keep its game from

0:29.4

becoming a fat.

0:31.8

After the show, we have an update about a new way that they're trying to keep their business

0:35.8

bubble free.

0:43.4

All Fads start out the same way.

0:46.1

With this feeling inside that you just, you gotta have something that everyone else already

0:50.4

has.

0:51.4

For Zach Hill, in fifth grade, that thing was a tiny plus animal filled with itty bitty

0:57.4

beans.

0:58.4

It was named Garcia.

0:59.4

It was a tie-died teddy bear.

1:01.2

I was in the Hickory Ridge mall in Memphis, Tennessee.

1:04.1

I think I was trying to impress a girl or something, and I bought a Garcia for like $7 with

1:09.6

some allowance money.

1:11.2

Zach didn't know that he was at the beginning of a beanie baby bubble, because bubbles

1:15.1

always seem harmless at the first stage, just a simple fat.

1:18.3

Then, someone figures out they can make money by reselling that thing.

...

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