The Meme Stock Cult [TEASER]
If Books Could Kill
Michael Hobbes & Peter Shamshiri
4.6 • 10.3K Ratings
🗓️ 15 May 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Michael. Peter. How familiar are you with meme stocks? Not super familiar, but I do know that if you want to get rich |
| 0:07.2 | It's very obvious that you should start with the place you also go to to buy a used copy of Banjo, Kazooie |
| 0:13.6 | We purposefully refused to commit to any particular subject matter for our bonus episodes, but I think we've largely stayed to this point |
| 0:37.7 | within the framework of like media critique and this is the first episode where the primary justification is that I just want to talk about this |
| 0:46.8 | I've been in a Reddit rabbit hole on this for two years on my own. I'm so excited. I'm losing my mind and now I have a platform and I'm just gonna dump it all on you and our listeners |
| 1:00.1 | The only reason I'm doing this is because this opens the door for me to eventually do an episode about Eurovision |
| 1:05.5 | I'm glad we made it |
| 1:07.5 | So this is basically the story of how a widely publicized breakout in the stock of the video game retailer GameStop in January 2021 |
| 1:20.4 | grew into a full blown cult predicated around an elaborate conspiracy theory |
| 1:27.5 | I love this shit |
| 1:28.2 | So did you follow the original sort of GameStop stock run up in 2021? |
| 1:34.8 | All of this financial stuff I treat like sports people clearly care a lot about it, but like I don't get it |
| 1:42.6 | So it was one of those stories that I just looked at and was like no |
| 1:48.8 | I'm just not going to investigate what's actually going on here |
| 1:52.5 | My understanding was it was like there were some subreddits and it was like some dumbasses who were basically shorting the stock of GameStop |
| 1:59.6 | I guess |
| 2:00.6 | Yeah, that is the basics |
| 2:03.2 | I am going to start from the beginning here which is a little bit before |
| 2:07.5 | The events that sort of enter the media spotlight in 2019 a man named Keith Gill a financial analyst |
| 2:16.4 | Under the social media handles roaring kitty and deep fucking value |
| 2:22.0 | Started to publicize |
| 2:24.2 | On investing forums and on his youtube channel |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Hobbes & Peter Shamshiri, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Hobbes & Peter Shamshiri and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

