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Explainer: What Is Going On With GameStop And r/WallStreetBets?40:31
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Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. Robinhood and other online trading platforms are moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors. GameStop stock has rocketed from below $20 to more than $400 this month as a volunteer army of investors on social media challenged big institutions who has placed market bets that the stock would fall. (AP Photo/John Minchillo)
Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. Robinhood and other online trading platforms are moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors. GameStop stock has rocketed from below $20 to more than $400 this month as a volunteer army of investors on social media challenged big institutions who has placed market bets that the stock would fall. (AP Photo/John Minchillo)

The subreddit r/WallStreetBets has been at the center of a national story this week involving GameStop and a couple of angry hedge funds. To help us understand what’s happening, we call up Planet Money co-host Robert Smith. Then, we speak to Redditor u/Hungry_Freaks_Daddy who hopped on board the GameStop train earlier this week and says he has nothing to lose.

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Josh Swartz Twitter Producer, Podcasts & New Programs
Josh is a producer for podcasts and new programs at WBUR.

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