WallStreetBets founder on why he's suing Reddit; Andrew Hart of Hyper; and Ok Boomer | E1685
The Friday variety show is back! Jason kicks it off by interviewing WallStreetBets founder Jaime Rogozinski, who's currently suing Reddit (2:08). Then, Molly is joined by Hyper CEO Andrew Hart to discuss the augmented reality market and Hyper's store-mapping technology (30:16). Producer Rachel wraps the show with content creator Humphrey Yang breaking down his creative process, what he considers valuable metrics, and so much more (53:40).
(0:00) Molly kicks off the show
(2:08) WSB milestones and arbitrage
(12:07) Contra - Get $500 off your first hire at https://contra.com/twist
(13:36) How Reddit works + the WSB controversy
(23:42) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(24:45) Jaime’s ideal solution
(30:16) Andrew Hart of Hyper
(33:57) Creating the ultimate user experience
(39:19) Retreat - head to http://planretreat.com/twistto help you plan the offsite your team deserves!
(40:43) Mapping store and onboarding customers
(45:55) Hyper’s development and future opportunities
(53:40) Ok Boomer with Humphrey Yang
FOLLOW Jaime: https://twitter.com/wallstreetbets
FOLLOW Andrew: https://twitter.com/AndrewHartAR
FOLLOW Humphrey: https://twitter.com/Humphreytalks
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
"Wall Street Bets Taught Me to Have Faith in the Collective Intelligence:" WSB Founder Jaime Rogozinski
In this week’s episode, I interview Jaime Rogozinski, founder of Wall Street Bets, the famous Reddit trading group which earlier this year organized to push up the price of heavily shorted stocks like Gamestop and AMC to create a short squeeze, which had the double benefit of amplifying the group’s gains and screwing over big hedge funds. Jaime goes over what led him to create the subreddit back in 2012 and how it grew into several thousands and then millions of members. He started Wall Street Bets to make money, but also because he believed the financial system was broken and so-called retail traders should have a chance against the big guys. A lot of those sentiments mirror ideals that fuel the cryptocurrency community and so it’s only natural that after his exit from Wallet Street Bets, he has found his way into crypto.
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How A Profane Subreddit Moved The Market
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.
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