What Next TBD: Best of 2021 | Inside the Subreddit That Blew Up GameStop

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Slate

Society & Culture, Technology, History

4.6 • 636 Ratings

🗓️ 26 November 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode originally aired in January 2021 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season streaming June 26th exclusively on Disney Plus.
0:27.3	18 plus subscription required season C's apply.
0:30.0	This week, we're revisiting one of my favorite episodes of the year.
0:34.7	It's a story that somehow feels very true to this year's DNA. It's chaotic,
0:40.3	it's weird, there are memes. And it might not have happened if a bunch of people weren't working
0:46.1	from home. This story is about how GameStop, the video game store, became both a hot stock
0:52.7	and a cultural shorthand for systems that don't make
0:56.4	sense anymore. We made this episode back in January when GameStop stock was on a crazy ride
1:01.9	thanks to a bunch of investors on Reddit. It seemed like it couldn't last, but now it's November
1:07.8	and the ride is still going. And a quick heads up.
1:11.4	There is some swearing in this episode.
1:18.3	Well, tell me a little bit about yourself, I guess, as much as you're comfortable telling me.
1:24.1	Sure. I'm a software engineer in the Southwest.
1:29.5	This guy, we're going to call him Jason. He's a 36-year-old dad. Jason is not his real name, but we agreed to give him a pseudonym
1:36.4	because we're talking about a subreddit he's on called Wall Street Betts, a subreddit that is at the
	...

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