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All-In with Chamath, Jason, Sacks & Friedberg

E19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Business, Technology, Entrepreneurship

4.010.4K Ratings

🗓️ 30 January 2021

⏱️ 86 minutes

🧾️ Download transcript

Summary

Follow the crew:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/MikeSylvan

Referenced in the show:

David Sacks on Bloomberg

https://www.youtube.com/watch?v=K2lJg4sxl2U

Chamath for Governor

https://www.chamathforca.com

DeepFuckingValue's Reddit page

https://www.reddit.com/user/DeepFuckingValue

Show Notes:

0:26 Besties intro

2:11 Chamath breaks down the entire WallStreetBets/GameStop saga

15:38 Jason responds, debating Robinhood's liquidity crisis, Citadel's potential involvement & more

39:18 How can this be prevented in the future? Restructuring capital gains tax, censorship, where Robinhood can go from here

53:02 Major learnings from this week's events, risks of decentralization, do stocks need to be reflexive of the underlying business? GameStop's endgame

1:15:01 Chamath for Governor of California, Friedberg on leaders vs. managers & the problem with career politicians

Transcript

Click on a timestamp to play from that location

0:00.0

I'm going all in with your beat, with your beat, with your beat, with your beat.

0:07.5

50s are perfect.

0:08.7

I'm going all in with your winners, ride.

0:13.9

Rainman David Sack.

0:15.7

I'm going all in.

0:18.1

And it said we open source it to the fans and it just got a reason.

0:22.0

Love you guys.

0:23.0

I'm queen of kinwa.

0:24.0

I'm going all in with my-

0:26.0

Hey everybody, welcome to the All In Podcast.

0:29.8

It was a slow news week.

0:31.4

So we decided we'd give you a special episode.

0:34.1

We're going to go around the horn with our special picks.

0:37.1

We're each going to pick three picks everybody.

0:39.4

We're going to pick our favorite recipe, our favorite new hobby and our favorite streaming

0:43.4

guilty pleasure because there was no news with us today.

0:47.2

The dictator, Chimoff Polly, hapatiya, Rainman David Sack, with his new track from Young

0:53.6

Spielberg just ripping across the charts.

0:57.5

Young Spielberg added again this time with a track focused on the Rainman himself and

1:03.1

the queen of kinwa.

1:04.9

Who everybody says we should upgrade to the king of kinwa.

1:07.5

That's so sexist.

...

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