Great stories of how tech shapes our culture in wild ways.Would you be surprised to find out scientists are using World of Warcraft to learn how to fight COVID-19? What if I told you that I could spoil almost any movie based on who uses an iPhone? Or how about the fact that Disney is afraid of butts? Well, that’s Wild Wild Tech, the podcast that brings you the wildest, most bizarre, most interesting stories about how tech is shaping our culture. Hosted by Jordan Erica Webber and Joshua Rivera, every week on Wild Wild Tech we’ll uncover infamous stories at the intersection of pop culture and tech, learn from the experts, and talk to the people who lived through some truly strange tales. These are the tech stories that are seldom told - but once you hear them, you won’t be able to forget them. These are the stories that are seldom told, but once you hear them, you’ll never forget. Follow Wild Wild Tech Love Wild Wild Tech, but hate the ads? Subscribe to the ad-free version here!: https://wildwildtech.supercast.tech/ Instagram: https://www.instagram.com/wildwildtechpod/ Twitter: https://twitter...
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episode 16: Reddit vs. Hedgefund Billionaires: The Full Gamestop Story
Gamestop, Robinhood, Hedge funds, Reddit; there's a good chance you've been hearing these terms being thrown around, but what exactly is going on? This week, Jordan and Joshua break down the timeline events of that made Gamestop stock soar and make redditors millionaires overnight. Journalist and writer for VICE MOTHERBOARD Matthew Gault simplifies how the stock market works, what "shorting" is, the major conflicted interest with Robinhood's involvement, and how savvy redditors banded together and created this frenzy. Fellow MOTHERBOARD writer and GME investor Jason Koebler, who wrote his own explainer of the entire situation, discusses why Robinhood appealed to young investors, including the subreddit r/wallstreetbets that lead to Gamestop stock to soar, which in turn angered hedge funds who shorted the stock. Plus, Jason discusses how this seemingly David vs. Goliath story has a darker side when looking at the toxicity of wallstreetbets and what the future holds for this brave new stock market that might not fully represent the valuation of companies and the economy at large.
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