Odd Lots

How A Profane Subreddit Moved The Market

Mar 5, 2020

Join Luke Kawa, a Bloomberg News reporter focusing on the WallStreetBets subreddit, and Jaime Rogozinski, its founder, as they dive into how this online community has transformed trading dynamics. They discuss the influence of social media on market volatility, explore the unique culture of WallStreetBets, and compare it to previous trading eras. Kawa and Rogozinski also reveal how platforms like Robinhood have democratized investment, fueling ambitious strategies among inexperienced traders while challenging traditional finance norms.

58:41

Creator website

Episode guests

Jaime Rogozinski

Luke Kawa

AI Chapters

Episode notes

Intro

1min

Market Volatility and Echoes of Financial Crises

2min

Market Dynamics and Retail Investors

11min

WallStreetBets: The High-Risk Trading Frontier

8min

The Impact of Robinhood and Wall Street Bets on Market Dynamics

3min

Wall Street Bets vs. Crypto Culture

5min

Wall Street Bets: A Shift in Investment Dynamics

22min

Trading Turbulence and Market Mindsets

6min

The Intersection of Amateur Trading and Professional Finance

4min

In recent weeks, before the stock market plunged, a page on reddit called r/WallStreetBets suddenly started exhibiting enormous influence on a handful of stocks. The emergence of online chat rooms making huge wagers in the market calls to mind the message boards of the dotcom era. But this page is taking it to a new level. On this week's episode, we're joined by Bloomberg News reporter Luke Kawa, who has been covering the page, as well as the page's founder, Jaime Rogozinski, who started it up in 2012.

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