Episode #41: Robinhood's Huge Unforced Error - a podcast by Cam and Ewan

from 2021-02-01T22:40

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This year certainly hasn't started quietly! After intense media focus on Washington DC in early January, it shifted quickly to Wall Street this week after Redditors helped launch a small retail stock into the stratosphere. Some have called GameStop the first "meme stock", but it's no laughing matter for some large hedge funds. If you've heard about GameStop, Robinhood, short-selling and Reddit but aren't entirely clear on what they are -- or what happened -- then this episode is for you. Cam breaks down the chronology with a specific look at Robinhood, the popular stock trading app for millennials. With trust so badly damaged, Robinhood may take up a prominent spot in business and PR textbooks for years to come.

Ewan shares a surprising moment from a courtroom in Canada, where counsel and a judge showed some compassion for stressed-out workers. Many are balancing their day jobs with kids suddenly being at home during the pandemic, stretching many people to their breaking point. Ewan tells us why this is a big deal in the context of a culture that idolizes professional pursuits.

Plus: an article almost certain to scare readers about the online dangers to one's reputation, and how alcohol is a bit like cigarettes.

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