The GameStop Rebellion
The Daily1 Feb 2021

The GameStop Rebellion

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.

Episoder(2701)

Wednesday, Aug. 16,  2017

Wednesday, Aug. 16, 2017

President Trump defended his initial remarks about the recent violence in Charlottesville, Va., on Tuesday, saying that “both sides” were to blame. Asked if he equated neo-Nazis and white supremacists with activists protesting racism, Mr. Trump said, “I’m not putting anybody on a moral plane.” Guests: Mark Landler, a White House correspondent for The Times. 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.

16 Aug 201718min

Tuesday, Aug. 15, 2017

Tuesday, Aug. 15, 2017

In 2012, a woman asked if the city of Charlottesville, Va., should consider removing a statue of a Confederate general from a local park. That question set off a chain of events that led to the deadly violence on Saturday. Also, President Trump, after two days of equivocal remarks about the violence in Charlottesville, made a new statement on Monday: “Racism is evil.” Guests: Kristin Szakos, a city councillor in Charlottesville, Va.; Glenn Thrush, a White House correspondent for The Times. 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.

15 Aug 201720min

Monday, Aug. 14, 2017

Monday, Aug. 14, 2017

Protests over a plan to remove a Confederate monument in Charlottesville, Va., spun out of control, leading to clashes that left at least one person dead. President Trump condemned “hatred, bigotry and violence on many sides,” but he did not call out white nationalists or neo-Nazis. Guests: Sheryl Gay Stolberg, domestic affairs correspondent for The New York Times; Glenn Thrush, a White House correspondent. 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.

14 Aug 201722min

Friday, Aug 11, 2017

Friday, Aug 11, 2017

What happened when the country’s best known weight-loss company realized that people no longer wanted to talk about losing weight. Guest: Taffy Brodesser-Akner, who wrote an article for The New York Times Magazine about evolving American culture through the saga of Weight Watchers. 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.

11 Aug 201720min

Thursday, Aug 10, 2017

Thursday, Aug 10, 2017

In 1999, President Bill Clinton sent an envoy to North Korea for a rare negotiation aimed at stopping the country’s nuclear development. That was the moment, the envoy says, when everything could have gone differently. Guest: William Perry, the secretary of defense from 1994 to 1997, who went on that diplomatic mission. 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.

10 Aug 201722min

Wednesday, Aug 9, 2017

Wednesday, Aug 9, 2017

From his golf course in New Jersey on Tuesday, President Trump threatened North Korea “fire and fury” and warned that the country “best not make any more threats to the United States.” How should we interpret the latest escalation in tensions with Pyongyang? Plus: Why American law may block the biggest medical breakthrough in decades. Guests: Peter Baker, chief White House correspondent for The Times; Carl Zimmer, who writes about biology and genetics. 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.

9 Aug 201718min

Tuesday, Aug. 8, 2017

Tuesday, Aug. 8, 2017

Why Vice President Mike Pence is denouncing New York Times reporting about his political future and publicly stating his allegiance to the president. And the stolen childhoods of young Syrians who endured the traumas of civil war and Islamic State rule. Guests: Glenn Thrush, a White House correspondent; Somini Sengupta, a foreign correspondent; Dr. Rajia Sharhan, who treats the displaced children of Syria. 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.

8 Aug 201721min

Monday, Aug. 7, 2017

Monday, Aug. 7, 2017

As a teenager, Noura Jackson was convicted of killing her mother, and then spent nine years in prison. But from the start, prosecutors possessed a document that could have set her free. Why the omission of evidence, despite its life-altering consequences, is hard to detect — and rarely punished. Guest: Emily Bazelon, a writer for The New York Times Magazine who has been following Ms. Jackson’s case. 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.

7 Aug 201724min

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