Sign inOpen the app
The Daily

The GameStop Rebellion

Feb 1, 2021 · 34 min · 33.5 MBExplicit
0:00-34:55

Streams straight from the publisher. podnod never proxies or re-hosts episode audio.

Open in podnod

This episode contains strong language.

GameStop can feel like a retailer from a bygone era. But last week, it was dragged back into the zeitgeist when it became the center of an online war between members of an irreverent Reddit subforum and hedge funds — one that left Wall Street billions of dollars out of pocket.

Today, we look at how and why the GameStop surge happened, as well as how it can be viewed as the story of our time.

Guests: Taylor Lorenz, a technology reporter covering internet culture for The New York Times; and Andrew Ross Sorkin, a financial columnist for The Times. 

For an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. You can read the latest edition here.

Background reading: 

  • GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze on Wall Street.
  • A legion of young people — primarily male — have been pouring into digital trading floors for years, raised on social media and eager to teach themselves about stocks. These are the misfits shaking up Wall Street.
  • It has been a weird time in the stock market, where a video game retailer has suddenly become the center of attention. Here are four things you need to know about the GameStop insanity. 

For more information on today’s episode, visit nytimes.com/thedaily 

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Thank you for listening to this episode of Daily News. We've gathered all the additional resources, book For more updates and exclusive content, visit our official site: ➡️ 🚨[VIP ACCESS]🚨

Subscribe and leave a review! ➡️ SUBSCRIBE


Copyright Disclaimer: We are not the official Daily news or Spotify feed. All rights to the original content belong to their respective owners. This channel is sustained through dynamic ad insertion to offset AI processing, hosting, and transcription costs.

Hosted on Acast. See acast.com/privacy for more information.