Degenerate Business School artwork

Gamestop Redonkulous

Degenerate Business School

English - January 30, 2021 20:00 - 31 minutes - 21.4 MB - ★★★★★ - 16 ratings
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Previous Episode: What's a BITCOIN?
Next Episode: Bezos Half Retires

All of our combined experience has prepared us for this moment.

This week degenerate speculation reached its pinnacle, with a community of subreddit RobinHood millennials pumping up the valuation of erstwhile zombie store Gamestop. So what the devil happened? Plus, we discuss the real reason Robinhood throttled its trades, to the chagrin of Teddy Cruz. And we zoom out on the market in the age of commission free trades and social media.

All of this led to the major indices dropping this week, allegedly spurred on by fears of exuberant "froth." Doubtless we are living in irrational times (see zombie WeWork combining with a SPAC). But will we see a correction right now? Or is the Gamestop mania contained to a few select stocks?