Thu. 01/28 – Robinhood Freezes Stonks!
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 28 January 2021
⏱️ 23 minutes
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| 0:00.0 | Welcome to the Tech Mem Right Home for Thursday, January 28th, 2021. |
| 0:08.0 | I'm Brian McCullough. Today we finally get to the whole Game Stop story, because Robin Hood has frozen trading for some folks looking for fresh tendies. |
| 0:18.0 | Apple and Facebook release absolutely killer earnings as expected, but are they about to go to war in |
| 0:24.9 | court. Tesla's earnings disappoint and Facebook's Oversight Board issues its |
| 0:29.2 | first rulings. Here's what you missed in a wild day of tech. |
| 0:36.8 | All right, this whole Wall Street Betts, Game Stop, stock story, is the very definition of a story that got away from me. |
| 0:46.0 | I think I told you before that I day traded for about a year in the late 90s. |
| 0:50.5 | It's how I earned enough money to launch my first company. Also I cut my teeth |
| 0:55.3 | on Raging Bull and Yahoo finance message boards during those years, so I'm used to this sort of shenanigans. |
| 1:02.4 | I cut my teeth on it plus I know folks who work on Wall Street |
| 1:06.3 | So I think that's why we might even have mentioned Wall Street bets in the past. I know we've discussed the whole kids trading options on Robin Hood thing in the past. |
| 1:15.0 | Anyway, this is all to say this whole thing was very much a story that I was aware of, |
| 1:21.0 | at least as soon as a week ago today. But even by Monday when this story and the |
| 1:25.8 | GameStop stock actually was beginning to blow up I still kind of felt like this was |
| 1:30.4 | too esoteric a story even though it had the whole Reddit |
| 1:34.3 | angle so there was a tech angle there I just was afraid that it was a story that I |
| 1:38.7 | cared overly about and maybe no one else would. Well now of course it's the biggest story in the land and it's been fascinating to me how |
| 1:46.6 | absolutely passionately interested people are in this story, like two separate people in my life. |
| 1:54.0 | Neither of them in tech, neither of them in finance, |
| 1:56.0 | reached out to me separately, out of the blue yesterday, |
| 1:58.0 | to talk about this story because they knew I'd be following it. |
| 2:02.0 | So to catch you up and give you the latest, |
... |
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