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Bloomberg Intelligence

Gamestop Extends Rout, Reddit & OpenAI Pact

May 17, 2024
Guests like Bailey Lipschultz and Shelby McFaddin discuss GameStop, meme stock mania, market outlooks, and the Reddit-OpenAI pact. Topics include box shipments, ESG ETFs, market challenges, retail dynamics, digital payments, and Reddit's role in training language models for OpenAI.
40:45

Podcast summary created with Snipd AI

Quick takeaways

  • US experienced outflows in ESG ETFs while Europe saw inflows, highlighting different market trends.
  • Increasing data availability on ESG factors influences investment strategies, yet challenges remain in quantifying environmental benefits.

Deep dives

Outflows from ESG ETFs in the US and Europe

In the first quarter, the US experienced outflows of $4 billion from ESG ETFs, while Europe saw significant inflows. The outflows were concentrated in a few funds, with model portfolio changes being a contributing factor. The European market continues to show interest in ESG investments, despite the backlash seen in the US.

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