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Tech Brew Ride Home

Thu. 01/28 – Robinhood Freezes Stonks!

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 28 January 2021

⏱️ 23 minutes

🧾️ Download transcript

Summary

We finally get to the whole GameStop story cause Robinhood has frozen trading for some folks looking for fresh “tendies.” Apple and Facebook release absolutely killer earnings. As expected. But are they about to go to world war in court? Tesla’s earnings disappoint. And Facebook’s Oversight Board issues its first rulings. Sponsors: Netgear.com/bestwifi TinyCapital.com Links: Robinhood restricts trading in GameStop, other names involved in frenzy (CNBC) How WallStreetBets Pushed GameStop Shares to the Moon (Bloomberg) WallStreetBets Founder Reckons With Legacy Amid Stock-Market Frenzy (WSJ) 'Smack It Like E. Honda': Buying NFTs for Pleasure and Profit (CoinTalk) Mark Zuckerberg says Apple is now one of Facebook’s biggest competitors (CNBC) Facebook Preps Antitrust Lawsuit Against Apple (The Information) Apple's App Tracking Transparency Feature will be enabled by default and arrive in 'early spring' on iOS (TechCrunch) Tesla disappoints Wall Street despite strong profits (CNN Business) Facebook's 'Oversight Board' overturns 4 cases in first rulings (NBC News) Subscribe to Ride Home+ at tech.supercast.tech Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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