The Real Losers and Winners Behind GameStop's Stock War

The saying “the house always wins” refers most often to the fact that casinos, in order to remain solvent businesses, will always have the odds tilted in their favor. Sure, sometimes someone will get lucky at the roulette and cash out an extraordinary amount of money, but the truth is that for every winner there’s easily tenfold losers. The house always wins also applies to most institutions that are setup and run by the wealthy and powerful. The Stock Market, that great legitimized gambling house of the top 1%, also lives by that famous idiom. While it can be considered some bit of good that a hedge fund lost a lot of money shorting GameStop stock, it turns out other investment firms and institutions of wealth hoarding are having a field day. We have Motherboard staff writer Edward Ongweso Jr. on Waypoint Radio today to discuss the real winners and losers of the last few weeks.

You can subscribe on Apple Podcasts, Google Podcasts, and Stitcher. If you're using something else, this RSS link should let you add the podcast to whatever platform you'd like. If you'd like to directly download the podcast, click here. Please take a moment and review the podcast, especially on Apple Podcasts. It really helps.

Interaction with you is a big part of this podcast, so make sure to send any questions you have for us to gaming@vice.com with the header "Questions." (Without the quotes!) We can't guarantee we'll answer all of your questions, but rest assured, we'll be taking a look at them.

Have thoughts? Swing by the Waypoint forums to share them!