The Trolls of Wall Street: How the Outcasts and Insurgents Are Hacking the Markets

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Nathaniel Popper

The Trolls of Wall Street

How the Outcasts and Insurgents Are Hacking the Markets

Nathaniel Popper

$65

Hardback

Forthcoming
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English

Dey Street Books, an imprint of HarperCollins US
04 July 2024

Social classes; Investment & securities

From renowned financial and technology journalist Nathaniel Popper, the dramatic story of a new generation of financial strivers, living online and playing the stock and crypto markets by a new set of rules. Following a cast of young, all male characters, who went from the fringes of the internet to the front pages of newspapers, The Trolls of Wall Street tells the tale of how social media and startups like Robinhood and Reddit allowed for the formation of a powerful online movement in which the most unlikely participants took on the old guard—and each other.

In The Trolls of Wall Street, journalist Nathaniel Popper charts the evolution from the idealism of Occupy Wall Street in 2011 to the anarchic chaos of online outrage leading to the market crash of 2022, showing how a combination of new technology and broader cultural and economic forces created an online revolution led by bands of predominantly young men, who gathered on Reddit and proudly referred to themselves as “degenerates.” This unlikely online gang took their frustration at the current economic system and social climate and created a powerful cultural movement that upended global financial markets and set in motion far reaching changes to how money flows through the economy—all of this just a decade after a financial crisis that most people assumed would forever kill interest in the stock markets.

A character-driven, human story of kids who made and lost millions, battled with each and with Wall Street for power, and ultimately upended the economy, The Trolls of Wall Street is a fast moving, suspenseful, and sobering account of how millions of young Americans became obsessed with money and the markets and how that has affected politics, popular culture, finance and more.

By: Nathaniel Popper
Imprint: Dey Street Books, an imprint of HarperCollins US
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 26mm
Weight: 467g
ISBN: 9780063205864
ISBN 10: 0063205866
Pages: 352
Publication Date: 04 July 2024
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Forthcoming

Nathaniel Popper covered the intersection of finance and technology for the New York Times. He is the author of Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money. Before joining the Times, he worked at the Los Angeles Times and the Forward. Nathaniel grew up in Pittsburgh and is a graduate of Harvard College. He lives in Oakland with his family.

Reviews for The Trolls of Wall Street: How the Outcasts and Insurgents Are Hacking the Markets

“A disruptive tour-de-force. The Trolls of Wall Street explores in an elegant and precise narrative the bros and the subculture behind the WallStreetBets phenomenon and how together, they changed Wall Street forever.” — William D. Cohan, author of Money and Power and The Last Tycoons “Every investor should read this book. Few tell a story like Nathaniel Popper, and The Trolls of Wall Street is a great reminder that markets don't always obey the clean, rational laws of finance: They are driven by people, who occasionally lose their minds.” — Morgan Housel, author of The Psychology of Money “A vibrant testament to the power of the internet, The Trolls of Wall Street captivates with stories of digital Davids taking on financial Goliaths. Nathaniel Popper's immersive reporting and entertaining storytelling illuminates this unprecedented upheaval in the financial world.” — Bradley Hope, co-author of Billion Dollar Whale and Blood and Oil “A brilliant exploration of human behavior in the internet age. To most of us, the frenzy surrounding GameStop and other meme stocks seemed like just another financial bubble. Popper shows it was something entirely different and new: stock trading motivated as much or more by anger, loneliness, and a need for male companionship as by the eternal desire to make money.” — Joe Nocera, co-author of The Big Fail and All the Devils Are Here “Popper deftly opens up private chat rooms and late-night screens to tell the story of the very human humans behind a movement to crack the wizardry of Wall Street. An engrossing examination of how one of Reddit’s communities grew from fringe to a force capable of moving markets.” — Christine Lagorio-Chafkin, author of We Are The Nerds and editor-at-large at Inc. magazine “Popper has untangled the hyper-complex story of meme stocks and WallStreetBets and spun it into a fascinating, meticulously researched narrative about the lives of the real people involved.” — Dale Beran, author of It Came from Something Awful: How a Toxic Troll Army Accidentally Memed Donald Trump into Office