Sway1 Feb 2021

Is it Investing or Cliff Jumping? Reddit C.E.O. on the Forum Shaking Up Wall Street

Shares of GameStop shot up 400 percent last week, egged on by the Reddit forum r/WallStreetBets. The online community rallied to drive up the stock price and put the squeeze on big hedge funds who had bet against the struggling video game retailer. Reddit chief executive Steve Huffman — who calls r/WallStreetBets one of his “guilty pleasures” — described this as “the online stock-betting equivalent of, like, jumping off a cliff into a river.”

On this episode of “Sway,” Kara speaks to Huffman about the ethos behind the online movement, whether Reddit may have been used for market manipulation and if he fears an investigation by the S.E.C. She also presses him on the narrative that this is a David vs. Goliath story of Main Street beating Wall Street — after all, who will be left holding the bag when GameStop’s stock eventually comes crashing?

You can find transcripts (posted midday) and more information for all episodes at nytimes.com/sway, and you can find Kara on Twitter @karaswisher.

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.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(195)

Best Of: Jon Stewart

This month, Kara is revisiting some of her favorite episodes of Sway — including this conversation with the comedian and former Daily Show host, Jon Stewart, taped in March 2022. This episode contains...

28 Jul 202248min

Best Of: Matthew McConaughey

This month, Kara is revisiting some of her favorite episodes of Sway — including this conversation with the actor and self-proclaimed ‘statesman-philosopher, folk-singing poet’ Matthew McConaughey, ta...

25 Jul 202238min

Best Of: Stacey Abrams

This month, Kara is revisiting some of her favorite episodes of Sway — including this conversation with the Georgia gubernatorial candidate and Democratic powerhouse Stacey Abrams, taped in March 2021...

21 Jul 202244min

Best Of: Jason Miller

This month, Kara is revisiting some of her favorite episodes of Sway — including this conversation with the longtime Trump adviser and C.E.O. of Gettr Jason Miller, taped in August 2021.You can find t...

18 Jul 202245min

Best Of: Fran Lebowitz

This month, Kara is revisiting some of her favorite episodes of Sway — including this conversation with the humorist and famed New Yorker Fran Lebowitz, taped in February 2021.You can find transcripts...

14 Jul 202237min

First Person: She’s Gay and a Republican. Is There a Place for Her in the G.O.P.?

This month Kara is revisiting some of her favorite episodes — usually of Sway. But today she has another show to share with you: First Person.In this episode of the New York Times Opinion podcast, hos...

11 Jul 202242min

Best Of: Monica Lewinsky

This month, Kara is revisiting some of her favorite episodes of Sway — including this interview with Monica Lewinsky, the producer, activist and — yes — former White House intern. We taped this conver...

7 Jul 202246min

Best Of: Elon Musk

This month, Kara is revisiting some of her favorite episodes of Sway — including this conversation with the Tesla C.E.O., Elon Musk, taped in September 2020.You can find transcripts (posted midday) an...

4 Jul 202244min