Jill On Money With Jill Schlesinger

GameStop: The Internet vs. Wall Street Part One

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Sinopsis

When the worlds of finance and tech collide, my man, Jeff Bakalar, is my go to source! (And I'm his go to source, which is why he had me on his CNET show earlier in the week to help explain the concept of short selling. You can check it out here.) You've heard Jeff on the pod before, but in case you've forgotten, Jeff is the editor-at-large at CNET, and a total tech geek who's with us this weekend to help explain what in the world happened this week with GameStop and Reddit. GameStop, the brick-and-mortar video game seller that many presumed was destined to the dustbin of retailers, started to attract enormous interest from individual investors on Reddit, a message board where community members create content, submit links, and comment on specific topics (subreddits). The GameStop believers touted the upside as early as mid-2019, after Michael Burry (the guy featured in “The Big Short,” who bet against the housing market in the mid-2000’s) had amassed a big position in the company. The chatter continued into