The young trolls of Wall Street are growing up : The Indicator from Planet Money

Jul 8, 2024
the-young-trolls-of-wall-street-are-growing-up-:-the-indicator-from-planet-money

The young trolls of Wall Street are growing up

(Photo by Michael M. Santiago/Getty Images) Michael M. Santiago/Getty Images hide caption

toggle caption

Michael M. Santiago/Getty Images

(Photo by Michael M. Santiago/Getty Images)

Michael M. Santiago/Getty Images

Back in 2021, the meme stock frenzy was at its peak: Roaring Kitty AKA Keith Gill, and young day traders gleefully upended financial markets. Roaring Kitty disappeared for a bit before returning just a couple months ago.

His disciples that followed him into the markets, however, never left. That’s according to Nathaniel Popper in his new book, The Trolls of Wall Street: How the Outcasts and Insurgents are Hacking the Markets.

Today on the show, why Nathaniel believes these day traders are here to stay and where they’re putting their money now.

Related Episodes:

GameStop and the Short Squeeze

The tower of Nvidia

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Leave a comment