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
4.0 • 10.4K Ratings
🗓️ 30 January 2021
⏱️ 86 minutes
🧾️ Download transcript
Summary
Follow the crew:
https://twitter.com/DavidSacks
Follow the pod:
https://twitter.com/theallinpod
https://linktr.ee/allinpodcast
Intro Music Credit:
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
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
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| 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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