The Meam Stock Phenomenon, Right?

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I think it's a great point, and i want to start expanding it out, because crypto is one aspect of this, but there's much more to it, right? And one of the earliest aspects of this during the pandemic was the meam stock phenomenon. But what we found out later was, actually, a lot of people lost a lot of money when they were making the trades on that. It seems to completely miss what is actually going on when we talk about it in that way.

Paris Marx is joined by Edward Ongweso Jr. to discuss Elon Musk’s Twitter acquisition, how technology is enabling an extension of speculation and gambling, and why those pressures need to be opposed.

Edward Ongweso Jr. is a staff writer at Motherboard/Vice and a co-host of This Machine Kills. Follow Edward on Twitter at @bigblackjacobin.

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Also mentioned in this episode:

Edward wrote about Elon Musk’s Twitter acquisition and the casino economy we increasingly find ourselves in.
Paris wrote about Elon’s Twitter purchase for Jacobin before it was confirmed, and Tribune afterward.
Max Read also wrote about the acquisition and what it might mean.
CNN spoke to meme stock traders who made a lot of money and the difficulty of what came after.
TrueAnon did a recently episode on mobile gambling.
Tim Hwang wrote “Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet.”