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