February 09, 2021

Stonkastic Terrorism ft. Alexandra Scaggs

1 hour 19 minutes

A week is a very, very, very long time online, and in the time it's taken to record and produce this episode, Gamestop stocks have skyrocketed, tanked, and flatlined. A bunch of daytraders are pissed, Dave Portnoy is once again 100 grand in debt and none of us actually know what happened.

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So, we asked our friend Alexandra Scaggs from Barron's to explain whether going long on Gamestop was actually as revolutionary as Reddit posters on Wall Street Bets keep saying it was. Does the intervention of finance apps like Robinhood signal a future where platforms will be less hasty to intervene? And more importantly, does Mimetic phenomena like the $GME surge also show how we've actually given up on politics being able to change anything, so that the only way we can "challenge power" is to exploit a loophole every so often that means rich people will not be as rich as they could have been, had it not been for those meddling posters?

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You can follow us @10kpostspod

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Ten Thousand Posts is hosted by Hussein (@HKesvani), Phoebe (@Phoebe_Rosa_Holly) and produced by Drew (@Mydrewds)

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