To the tune of billions of dollars. That’s just a smart trade. [–]Seskapill 99 points100 points101 points 1 month ago (20 children). When reporting, please explain why you think it should be removed. We disrupted their market and they're all in. Leadership can easily become a burden. So now the short sellers are doing everything they can to get the stock to plummet, at least low enough that they can get out without too big of a loss. This makes the price rise. He probably won't get in shit, he might, but moreso it'll justify the fierce reaction against WSB. This battle could have happened on any stock that gets shorted more shares than exists. Lets say that guy is worth 12b. Palihapitiya … Yeah. ", [–]MrJohz 31 points32 points33 points 1 month ago (1 child). The only segment available on the CNBC youtube page is the 'nice' one where chamath is not exposing these questionable practices of a lot of these funds. Wood, Musk and Palihapitiya are the new captains of the democratized stock market. So too has social media, which has helped her firm punch “far above our weight," she told Bloomberg’s Erik Schatzker. Edit: so I'm not knowledgeable in stocks but the way I understand it, WSB played the Metta game and the host is like WTF no metta gaming. [–]steaknsteak 7 points8 points9 points 1 month ago (0 children). Key levels to watch now, Oil slips after hitting pandemic high above $70 after Saudi attack, Exhausted 80C tax deduction limit? During that time you also have to pay a fee to keep the share, idk, "checked out". [–]Liefx 324 points325 points326 points 1 month ago (21 children). For the short seller this whole thing is super risky, because you can have infinite losses. Someone correct me, because surely I am retarded. These 'kids' are literally trying to fight against trillion dollar companies, the ones that play dirty. [–]Ihateourlives2 57 points58 points59 points 1 month ago (3 children), [–]MrZoidBergg 36 points37 points38 points 1 month ago (1 child), He already has: 1c? Less and less shares were available to purchase. It helps too that Palihapitiya and Wood are Bitcoin believers. Cue the "Retail Investor" (WSB, basically the average joe) getting wind of this and starts buying said stock in droves, which causes the stock price to get higher and higher. It's hard going into an interview knowing you may end up being the bad guy, as most people won't notice that you took that position willingly to help the guest. You are free to offer your opinion respectfully, but comments or posts intended to demean a group, acontextual expressions of bigotry, and the pejorative use of slurs is disallowed. Host: but think of the people. They’ve also inadvertently exposed just how deeply broken the system is and exactly how complicit the media is in perpetuating it. Maybe, it’s hard to know for sure without a lot of digging. Get yours WSBs. The market here is not video games or even companies, it's stocks. Unless the company was holding their own shares to sell they aren’t going to end up benefiting much from this whole play. You see, they prefer to be called the living impaired. I don’t begrudge any individual making bank off this but the whole thing has really pissed me off knowing that this is the system I’m told to “invest” in for my retirement. Departure Board at Frankfurt Airport split-flapping. In order to have your post accepted, if you can, find or submit a copy of the video on another website like YouTube or Vimeo and resubmit it. chamath keeps hammering in that nobody gives a shit about the fundamentals, this current situation is a result of wallstreet going ham and overextending and wallstreetbets punching them in the face for it. For now the trio are adored by Reddit, Stocktwits and other online investing communities — there’s even a line of Cathie Wood merchandise — and they’re proof that it’s possible to be both part of the establishment and against it, something we’ve seen a lot of recently with populist politicians. Updated: 02 Feb 2021, 08:34 AM IST Bloomberg [–]think_bowl 32 points33 points34 points 1 month ago (3 children). Thanks for posting this video, I enjoyed watching. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Really cool moment. Nobody told the hedge funds to be in this position. Host: that's not what i'm saying. Scott of CNBC is worthless--- Just look at his fundamentals. social issues which have a clear political element. Because "the right people" were doing it. This could be waiting for direction, but usually a producer won't feed you word for word replies like in secret agent movies (at least from my experience working as a host on tv programs). But what happens next ? They might get hurt So through loopholes ~140% of the total GME shares in existence were shorted. So what's the fucking difference? Nothing fundamental about that. Like you old bitches, these are the claims YOU made to set this system up this way and now you’re mad that we figured out how to rip the rug out from under you using your own shitty logic. they painted mark baum and brownfield as sympathetically as they could in them realising what their gainz meant. It’s funny as hell, it’s like he has r/deadeyes moment. This just seems like people playing tug-of-war with shares that don't even relate to the companies performance. [–]CheekyFlapjack 19 points20 points21 points 1 month ago (1 child), [–]meyec 62 points63 points64 points 1 month ago (54 children). [–]canadadry79 55 points56 points57 points 1 month ago (0 children), What a great interview. No demanding "Reddit Justice" (or even regular justice) in any way in post titles or comments. That was a fantastic video. But the host just casually assumes that oh those retail investors don't know what they're doing because--- fundamentals! Nice work. Only what it's valued at. I kept expecting him to cut Chamath off, but he let him finish his thoughts before disagreeing. The point is the shares are if they're overshorted. We were smart and played the right move regardless of how much it fucked everyone else over. It made me so happy when he asked where the sentiment about bagholders was for retail traders in 2008. [–]mrvandemarr 1931 points1932 points1933 points 1 month ago* (197 children). This includes raw videos of fights, police brutality/harassment, and malicious violence. it's funny cause melvin capital was driving towards gamestop being worth negative dollars. He also gives a four-minute deal pitch live on CNBC, creating yet more shareable content. The UK has never really recovered from 2008. [10:48], Here's a video to ease your mind for a while, Abuser found out to be in same apartment as victim during live Zoom court hearing. However problematic you might think WSB is, this is still a great David and Goliath story that we, the proletariat being screwed by these institutions, should be paying attention to. Palihapitiya is essentially betting that GameStop's stock price will continue to rise. I mean, they’re getting tons of free mentions/advertising in the news, and are significantly more discussion than they’ve likely ever had before but this isn’t really making the company any money itself. It was just a bad call to short GME by 140% of what the shares were actually worth. That the way to reduce volatility and create a better, more inclusive investment market is to shine light on the dark corner of the system, which is institutional investing.