How Redditors Exposed The Stock Market | The Problem With Jon Stewart | Apple TV+
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Published 2022-03-04
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When a bunch of Redditors combined forces to drive up the price of GameStop stock, it exposed a fundamental problem with the stock market. The Problem With The Stock Market, now streaming on Apple TV+, delves into what really happens when you buy a stock, how giant corporations skim money off of your investments, and how Redditors used Gamestop stock to expose the system.
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All Comments (21)
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The point Jon made about us “not supposed to understand it” is so true. That’s how cons work: they come up with something so intricate it takes too much time and skill to unwrap it. Mad props to the redditors.
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It was brilliant, what the Redditors did. And there's never been a more blatant illustration of, "oh noes. The poors figured out how we cheat the system quick shut it off."
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Always remember: if someone is offering you a way to make money, it's because they probably stand to make more off you than you're making yourself
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"btw in the 90's they referred to as just friends" is such a good joke. it's criminal nobody made a sound
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For the younger audience. When he said "someone should question him publicly"....he refers to the time...when he did exactly that
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Jon's been spitting fire for decades and he's still right on point. Having Jon Stewart on your side is so comforting, he's the adult in any given room.
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After experimenting with stocks since late 2021, I've shifted to 100% S&P 500. Still regretting not doing so from the start. Now i am Considering a return to individual stocks in 2024, but uncertain about safely investing close to 300k in the market.
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Jon is so good at pointing out outrageous things, giving them the outrage they deserve in a deliberate, restrained fashion, and finding the humor in all of it. Man delivers outrageousness so well without being obnoxious and embodies it in some ways.
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Good to know Jon hasn’t lost his edge after all these years. Dude just picked right where he left off like it was nothing. This man is a national treasure
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The problem is that this isn't over yet. Institutional investors are still doing whatever they want, the SEC is in bed with them and won't move even on outlawed practice, and retail investors lack access and power to break into this game and clean it up.
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I remember something I read once from a random person on the internet that more or less said "When the economy is doing well we're told how awesome it is but don't see any of the benefits; when it does bad we're the ones who are told we have to make sacrifices and tighten our belts."
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I remember watching Jon destroy Jim Kramer over the course of 20+minutes and it was amazing. Jim was so drawn in on himself like a child being berated by a parent who isn't "mad", they're just "disappointed". The fact that he kept his job and "credibility" after that is just indicative of how broken our system is
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His comment at the end..."someone should question him publicly, because I'm sure that would have tremendous ramifications." That was actually depressing. We've been here before, exposed all this and its just happening again and no one cares..
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"Someone should question him publicly" - yeah we know you did it Jon and brilliantly about 12 years ago. No ramifications.
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@5.24 "in the nineties they were referred to as just friends" DYING 😅
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I was watching all of this from the sidelines in real time. I'm glad Jon Stewart is shining a light on the whole thing. The story isn't over though and is still ongoing.
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Jon your a friggin saint. What you did for the NYFD after all there health problems was solid thing that will never be forgotten.
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I lost it at "Someone should question him publicly." That was one of the best Daily Show episodes and I hope he never recovers from all those burns.
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Following the money always leads to the darkest parts of the American Dream. Thanks Jon
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I once worked for a company that developed software for the financial industry. Specifically derivatives. I never fully understood it but I assumed then (90s) the stock market was a huge ponzi/gambling/dark money scheme when we came up with the monte carlo calculation where no one could definitively calculate the results. For added humor, they gave it a dice icon. That is exactly how it felt, someone said "show me the money" and click the icon (throw the dice) and it gave you some BS number.
