‘To The Moon’
How did a bunch of amateurs take Wall Street by surprise? Our five-part podcast series goes inside the GameStop saga.
By The Journal.
Updated June 17, 2021 4:35 pm ET
‘To The Moon’ - WSJ
New episodes of ‘To The Moon’ will publish over the next four Sundays. Listen and follow on Spotify, Apple Podcasts or your favorite podcast player.
When GameStop’s stock took off in January, it caught a lot of people by surprise, especially institutional Wall Street investors. Why was a stock for a struggling video game retailer shooting up almost 2,000%?
The explanation at the time was that a group of people on a Reddit forum called WallStreetBets all started buying the stock at the same time.
But the forces that drove GameStop’s surge go much deeper than online chatter. The moment was driven by changing dynamics in investing, new trading technology (which one investor described as giving the keys of a Porsche to a teenager), resentment of Wall Street and even pandemic isolation.
Our five-part special podcast series, “To The Moon,” tells the full story of the GameStop saga, and invites listeners onto the roller-coaster ride that was GameStop—to feel what it was like for the individual investors who were suddenly making hundreds of thousands of dollars overnight, and to hear why they wanted to risk their life savings in the first place. |
