Saturday, June 10, 2023

Engadget Podcast: How Reddit Day Traders Exploded GameStop Stock

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If you were confused as to how, exactly, a bunch of Reddit finance obsessives turned the besieged GameStop into white action, you’re not alone. This week, Cherlynn and Devindra are chatting with Mike chuck, author of GameDev management manual and co-host of Virtual economy podcast, to make sense of this surprising story. Do online merchants only do it for LOLs? Or are they trying to teach the financial sector a lesson? And isn’t that just another example of online memes bleeding into reality, with potentially dire consequences? We also get some background from an anonymous member of the infamous R / WallStreetBets subreddit.

Listen below or subscribe to the podcast app of your choice. If you have any suggestions or topics you would like to cover on the show, be sure to Send us an email or drop a note in the comments! And don’t forget to check out our other podcasts, the Morning After and Engadget News!


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