What the Hell is Happening with GameStop's Stock?

CYBER

VICE

Tech News, News & Politics, Technology, News

4 • 645 Ratings

🗓️ 28 January 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s a mixture of Internet trolling, Reddit threads, the fall of capitalism as we know it, and that movie Big Short. If like me you have but a cursory understanding of the stock market and you continually see mention of this GameStop fiasco making headlines the world over. That’s right: A failing video game store has been turned into a multibillion dollar company, by day-trading cartels who live on the Internet. Motherboard EIC Jason Koebler, who knows something about stocks, is on the show to explain more.

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Transcript

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0:00.0	Tann, it's got the code it's going to launch.
0:11.0	It's a unit system.
0:13.0	I know this.
0:15.0	It's all the files of the whole park.
0:17.0	It tells you everything.
0:19.0	Sir, he's uploading the virus.
0:21.8	Eagle One.
0:22.6	The package is being delivered.
0:24.8	It's a mixture of internet trolling,
0:27.0	Reddit threads,
0:28.2	the fall of capitalism as we know it,
0:30.3	and that movie Big Short.
0:32.3	What is that?
0:33.5	What's that smell?
0:35.4	A cologne?
0:36.8	No.
0:38.3	Opportunity. No.
0:39.3	Money.
0:40.3	Oh, okay.
0:41.3	I smell money.
0:42.3	Okay.
0:43.3	If like me, you have but a cursory understanding of the stock market, and you continually see mention of this GameStop fiasco making headlines the world over.
	...

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