If you were confused about how, exactly, a bunch of Reddit finance obsessives turned the beleaguered GameStop into a white hot stock, you’re not alone. This week, Cherlynn and Devindra chat with Mike Futter, author of the GameDev Business Handbook and co-host of the Virtual Economy Podcast, to make sense of this surprising story. Are the online traders just doing it for the lols? Or are they trying to teach the financial industry a lesson? And isn’t this just another example of online memes bleeding into reality, leading to potentially disastrous consequences? We also get a bit of context from an anonymous member from the infamous R/WallStreetBets subreddit.
Stonks get real: Is it really Reddit v. Hedge Funds? – 0:49
Microsoft raises Xbox Live Price, backtracks – 30:35
News shouts from around the tech world – 40:35
Working on – 53:30
Picks – 56:22