071 - WallStreetBooyah: Fintwit on Twitch with John Andrews - Video
"They're missing the entire next generation of investors, and they're just making fun of them, all the Robinhood millennials, and they just joke about it and move on. But their entire audience is retiring soon. And they're going to be withdrawing all of their stocks into fixed assets. And who is going to watch them? The Robinhood millennials." - WallStreetBooyah
There's a daily R-rated party of smart business and market commentary on WallStreetBooyah's Twitch channel. The anonymous man in the bat mask is inventing a new category, quickly gaining over 6,000 active followers in months. Get up to speed on the evolution of financial news in Emily’s conversation with Booyah and digital marketing expert John Andrews. (ICYMI: catch episode 70 with John and Emily discussing marketing and retail during COVID-19).
This conversation covers the so-called Robinhood millennial investor, live streaming and online community, and influencer marketing. Be sure to watch the video and meet the anonymous man in the mask, WallStreetBooyah!
WATCH THE VIDEO:
Guests:
WallStreetBooyah: "ScruffBat. Millennial. Idiot. Twitch person. Equal parts Cramer/Rogan/Pokimane. Fighting JPow & money printer w/ music and memes. Not financial advice." - @WSBooyah on Twitter
John Andrews, CEO of Photofy, a community content creation platform, is a media disruptor. Leveraging over twenty years of experience in consumer packaged goods marketing coupled with eight years of social media knowledge to build new media formats in the shopper marketing space. He helped build one of the first ‘people as media’ platforms at Walmart called Elevenmoms, founded Collective Bias (Acquired by Inmar in 2016), and teaches as an adjunct professor at NC State University.
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Theme: Authenticity and democratization of media. Creating unique content on a new platform can be a category killer. Imagine the future of podcasting with this in mind.
TOPICS:
01:30: Who is WallStreetBooyah? What does he do? How did we hear about him?
03:01: What can you expect to hear on WallStreetBooyah's Twitch channel? "This is something new." - John Andrews
Anonymous Twitch financial commentator WallStreetBooyah wears a bat mask on his R-rated financial news channel that embraces the Robinhood investor and holds back nothing.
05:00: Category killing and financial news: Twitch isn't somewhere you would think to go for financial information. WallStreetBooyah is using an unconventional channel to reach an audience, essentially inventing a new category with less competition.
06:20: "I bill myself as the absolute worst financial show you're ever going to see. I don't have any training in finance or business. I don't have any degrees." - WallStreetBooyah
WallStreetBooyah has over 6,000 Twitch followers
WallStreetBooyah's show is built on quick witted commentary that’s a collaboration between him and his audience (in the live chat). He embraces the Robinhood trading persona. The interaction and the community draw out unique content that serves as the real entertainment and hook to the audience, which is what draws John Andrews in almost everyday.
"It's a conversation... If there is a car chase in the middle of the day, we'll pull it up and watch that." - WallStreetBooyah on the content style for his show
08:08: Jack Dorsey has promised that Twitter will never have an “edit" button - and that’s good (Emily)
09:30: The gambler mentality of day trading (poker, puts, betting)
"That's the audience; we're interested in the stock market, we're interested in trading. A lot of us have gambling in our systems to be perfectly honest, playing poker and learning odds, and those types of mathematics." - WallStreetBooyah
13:05: What hooked John Andrews on Booyah’s Twitch?
"It gives me a sense of people's mindset, which I think is a lot of the market anyways, right? A lot of the market is people's emotions, what are people thinking and doing." - John Andrews
15:09: A differentiator: interactive storytelling replaces push messaging and one-way content. People don't want to be sold to anymore, and consumer trust is at an all-time low. Audiences don't trust traditional news sources as much and prefer to choose their own news entertainment that reflects a voice. Think: media democracy.
15:52: How can conversations on WallStreetBooyah's Twitch channel inspire your own marketing?
18:35: Dave Portnoy, controversial figure in fintwit, founder of Barstool Sports - growing your marketing/media exposure with video and social media
21:30: What does Booyah think is the problem with traditional financial news sources like CNBC and Bloomberg?
25:02: Daniel Crosby, NYT best selling author of The Behavioral Investor, psychologist, and behavioral finance expert:
Hear our episode with Daniel Crosby