The GameStop Uprising
The Daily Show: Ears Edition
Comedy Central
4.2 • 14.2K Ratings
🗓️ 8 February 2021
⏱️ 30 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | You're listening to Comedy Central. |
| 0:02.6 | Ow! |
| 0:03.6 | The Stock Markets. |
| 0:12.0 | America's number one supplier of great depressions. |
| 0:15.1 | As volatile as the stock market can be, this has been one of its wildest weeks yet. |
| 0:20.8 | Crazyest business story out there. |
| 0:23.4 | An internet trading mob is driving GameStop chairs higher. |
| 0:27.2 | It appears to spite short sellers. |
| 0:29.4 | Look at the stock. |
| 0:30.4 | It's up more than 680% so far this year. |
| 0:33.0 | They realized that all of the institutional investors were hedging on GameStop, so they |
| 0:36.8 | just bought a bunch of call options, bought a bunch of stock, and created the gamma squeeze |
| 0:40.6 | that you saw on Friday. |
| 0:42.5 | Okay, okay. |
| 0:43.5 | I don't know about you, but that explanation is way too complicated. |
| 0:48.0 | Short selling the thing of the long selling and then the... |
| 0:51.6 | Look, what we really need here is that scene from the big short where Muggle Robbie |
| 0:56.5 | breaks it down for us in the bathtub. |
| 0:58.5 | You know? |
| 0:59.5 | And I actually called her to do that, but she blocked my number. |
| 1:05.2 | So I had to figure out Plan B. |
| 1:09.9 | Basically, there's a group of people on Reddit who don't use the stock market to invest. |
... |
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