01 Jul

U.S. Equities

How the Trolls Took Over Wall Street, and Where They Are Now

How the Trolls Took Over Wall Street, and Where They Are Now

Episode 194 of The Investopedia Express with Caleb Silver (July 1, 2024)

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Bloomberg / Contributor / Getty Images / Kimberly White
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Bloomberg / Contributor / Getty Images / Kimberly White
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Nathaniel Popper joins The Express to talk about his latest book, "The Trolls of Wall Street: How the Outcasts and Insurgents are Hacking the Markets", and explains the origins of the meme stock explosion, which actually took root during Occupy Wall Street, and made its way through online forums like 4chan where throngs of disillusioned young men found community in the stock market. Popper draws the through-line from the Great Financial Crisis through the birth of
Robinhood
, Reddit, and ultimately wallstreetbets, where trolling is the language of trading. If you thought this community of traders went away with the pandemic – think again. They are here to stay, and that could be good news for all investors.
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Links for Show Notes:
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https://www.investopedia.com/terms/v/vix.asp
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https://www.ndr.com/
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https://www.carsongroup.com/insights/blog/here-comes-the-best-month-according-to-the-past-20-years/
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https://www.investopedia.com/terms/s/skew-index.asp
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https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8670691
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Read the original article on
Investopedia
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