How Reddit day traders blew up GameStop's stock
About this episode
If you were confused about how, exactly, a bunch of Reddit finance obsessives turned the beleaguered GameStop into a white hot stock, you’re not alone. This week, Cherlynn and Devindra chat with Mike Futter, author of the GameDev Business Handbook and co-host of the Virtual Economy Podcast, to make sense of this surprising story. Are the online traders just doing it for the lols? Or are they trying to teach the financial industry a lesson? And isn’t this just another example of online memes bleeding into reality, leading to potentially disastrous consequences? We also get a bit of context from an anonymous member from the infamous R/WallStreetBets subreddit.
Stonks get real: Is it really Reddit v. Hedge Funds? – 0:49
Microsoft raises Xbox Live Price, backtracks – 30:35
News shouts from around the tech world – 40:35
Working on – 53:30
Picks – 56:22
Support this podcast at — https://redcircle.com/the-engadget-podcast/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Get every episode summarized
Each time The Engadget Podcast publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from The Engadget Podcast
What's next for Supernatural's VR exercise app after leaving Meta?
The Engadget Podcast
Our Thoughts On Samsung's New Galaxy Z Fold 8, Watch Ultra 2 & More Gadget Mania
The Engadget Podcast
iOS 27 and macOS Golden Gate Previews + OpenAI’s Mystery AI speaker
The Engadget Podcast
Xbox resets with layoffs (Guest: Mike Futter, co-host of the Virtual Economy Pod...
The Engadget Podcast