How A Profane Subreddit Moved The Market

(Bloomberg) -- Subscribe to Odd Lots (Spotify) 
Subscribe to Odd Lots (Apple Podcasts)

Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.

In recent weeks, before the stock market plunged, a page on reddit called r/WallStreetBets suddenly started exhibiting enormous influence on a handful of stocks. The emergence of online chat rooms making huge wagers in the market calls to mind the message boards of the dotcom era. But this page is taking it to a new level. On this week's episode, we're joined by Bloomberg News reporter Luke Kawa, who has been covering the page, as well as the page's founder, Jaime Rogozinski, who started it up in 2012.

To contact the editor responsible for this story: Laura Carlson at lcarlson21@bloomberg.net

©2020 Bloomberg L.P.