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As GME plummets and traditional financial media turns its attention elsewhere, where does the retail trading insurgency go from here?
This episode is sponsored by Nexo.io.
WallStreetBets is having a rough day. Its stocks are crashing. Champions from as recently as last week are selling out. More brokerage apps are turning off buying.
In this episode, NLW explores what it means for this set of assets and the larger shift in power from institutional to retail investors.
He argues, ultimately, that over the last year retail traders of the type led by WSB have established themselves as too powerful a force for the market to simply turn away from now.
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Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
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Image credit: Brent Lewin/Bloomberg via Getty Images
Intro song credit: https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin
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By Alice Fulton
From hidden catacombs to wild rumors about a hollow earth, the world is full of subterranean stories. But which are total bunk, and which have the ring of truth? Tune in to learn more with Ben and Matt in this week's Classic episode.
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Good snowy morning from Andy and Tammy, while Jay wears shorts!
This week, we talk about cultures of luck, public schools, tankieism, Myanmar, and Corky Lee.
2:15 – Andy explains the freaky, punny “Bling Empire.”
12:12 – Our inevitable takes on GameStop, Robinhood, and the global, neoliberal casino of our financial system. For more: stories by Noah Kulwin, Kate Aronoff, and Doug Henwood. Andy recommends this episode of Slate Money podcast.
46:58 – David Brooks gives us hives, but so does most of the coverage of school reopenings. Why this anti-union, anti-parent campaign—and in the name of “Black and brown kids”? For more: a sharp analysis by Rachel Cohen; NYT’s recompense for Brooks’s editorial.
1:07:10 – We respond to listeners who think we’re too dismissive of pro-China takes as tankieism.
1:16:11 – In Tammy’s sad news corner: What’s happening in Myanmar?
1:21:31 – Another preventable COVID-19 death hits close to home. Rest in peace and power, Corky Lee! For more: Hua Hsu’s tribute and the NYT obit.
** 1:24:43 – A way to help us keep going—and with better sound: We’re launching a TTSG Patreon! Please sign on as a supporter, and tell all your friends! **
Thanks for tuning in and supporting us.
timetosaygoodpod@gmail.com
Quick plug: Andy helped organize a series of talks this month by professional historians but intended for public audiences. The theme is “decolonizing decolonization”: extending discussions about decolonization from Euro-America to looking at experiences in the “rest” of the world.
Tomorrow (2/3) at lunchtime (ET) is Adom Getachew from U. Chicago, talking about Black internationalism from the 50s to 70s (apropos Black history month). Register and check it out!
Next week (2/10): Turkey and Latin America and China
Following week (2/17): China, India, Xinjiang, and Kashmir
President Biden and Republicans Senators look for common ground on a stimulus plan. Clearing away two feet of snow in the Northeast. Mitch McConnell takes on a controversial Georgia Congresswoman. CBS News Correspondent Steve Kathan has today's World News Roundup.
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Daniel Hauschildt lives in Germany, in a town called Bochum. He comes from a family of craftsmen, which means that he wasn't involved in tech at an early age. He stayed busy with friends and sports, more specifically archery, where he learned about patience, concentration and competition. In his younger years, he clung to a long bow, but steadily moved towards using a higher tech, compound bow in later years.
When he was 14 years old, he got into cracking video games, which lead him down the path of coding, and learning the assembly language. He recalls the first game he cracked was X Wing vs Tye Fighter.
In 2008, his current company started out as an image hosting service for Twitter (you may remember seeing the links while using the platform). When Twitter built their own, it pretty much shut down the first product. During that time, many customers of the agency 9 Elements were asking for tools around image processing, resizing, etc. So they started building a tool to do those things.
This is the creation story of Img.ly.
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