Life on Mars
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Episode 022
Stonks, Elon Musk, Gamestop, Doge, tech journalism and... metal! with Alex Wilhelm (TechCrunch)
The last few weeks have been crazy on the stock market, or should we say "stonks" market? The WallStreetBets movement against hedge funds, making GameStop skyrocket to an unthinkable price per share, made the front pages of all the newspapers and media outlets around the world. That caused a huge uproar and most trading platforms stopped trading on certain stock to avoid these so-called "unregulated" trades from "altering the market", which, in turn, caused WSB people to turn against the trading platforms, too.
If that weren't enough, politicians and highly-influential people added fuel to the flames, allowing the battle to rage on even longer.
Amidst all of this, Elon Musk is having the time of his life, trolling everyone, adopting the meme culture, proving he's embodying the current zeitgeist and riding the wave of this controversy like no one else is doing. By the end of it, he will have gained thousands, if not millions, of adepts of his cult.
In this episode, we talk to the man, the myth, the legend, Alex Wilhelm (Senior Editor at TechCrunch) and our friend Josh Feldberg about what happened a couple of weeks ago, and try to shed some light on it all.
We talked about the role of tech journalism in all this nonsense, but we also talk about clickbait, the madness of the crowds, memes, the mixing of politics and economy, stonks and not as much as we wanted, but also talk about metal towards the end of the episode.
Join us in an episode with the guest with the best radio voice we've ever had, a lot of profanity and unfiltered and highly blunt opinions on this and that.
Disclaimer: This episode constitutes no investment advice of any kind as we're not financial advisors nor serious people by any means. For further proof of the latter, just listen to the episode.