1 00:01:01,261 --> 00:01:03,530 So, I'm here. 2 00:01:03,530 --> 00:01:07,867 - And, I do not see anything happening. - Right. 3 00:01:07,867 --> 00:01:09,736 - Right. - At all. 4 00:01:09,736 --> 00:01:10,770 Look, I'm very sorry, sir. 5 00:01:10,770 --> 00:01:13,707 Guess what I'm trying to understand is, what is the reason for this delay exactly? 6 00:01:13,707 --> 00:01:14,774 Yeah. Mr. Plotkin, 7 00:01:14,774 --> 00:01:16,276 - Specifically. - I'm so sorry. 8 00:01:16,276 --> 00:01:19,713 - But it's just that when we set out... - Yeah, we closed in November. 9 00:01:19,713 --> 00:01:21,114 We had all the permit applications in 10 00:01:21,114 --> 00:01:22,615 - before the end of the year. - Right. Once we get... 11 00:01:22,615 --> 00:01:23,783 ...the final stamp of approval. 12 00:01:23,783 --> 00:01:25,318 And we can't get the trucks here a little early? 13 00:01:25,318 --> 00:01:27,220 - Just, you know, get 'em started. - Miami Beach ordinances... 14 00:01:27,220 --> 00:01:28,621 - won't let me do that. - Is anyone actually... 15 00:01:28,621 --> 00:01:30,724 - ...enforcing those regulations? - Look, Mr. Plotkin, 16 00:01:30,724 --> 00:01:32,325 I know that you're eager to move in. Okay. 17 00:01:32,325 --> 00:01:34,600 - Once we get the final stamp of approval. - No. 18 00:01:34,600 --> 00:01:35,495 - You're gonna be the first... - One second. 19 00:01:35,495 --> 00:01:36,629 Sure. 20 00:01:37,130 --> 00:01:38,231 Hello? 21 00:01:41,101 --> 00:01:43,690 You see what's going on at GME? 22 00:01:43,690 --> 00:01:44,671 There's more of these idiots? 23 00:01:44,671 --> 00:01:47,640 ...the short sellers, now they're getting creamed by the little guy. 24 00:01:47,640 --> 00:01:48,808 A lot more. 25 00:01:48,808 --> 00:01:50,343 They won't hold much longer. 26 00:01:50,343 --> 00:01:51,478 Go away. 27 00:01:52,345 --> 00:01:54,814 Oh Gabe, honey, they're holding. 28 00:01:55,615 --> 00:01:57,784 It just crossed a hundred. 29 00:01:57,784 --> 00:02:00,120 Gabe, where are you? 30 00:02:00,120 --> 00:02:01,287 ****! 31 00:02:01,287 --> 00:02:03,890 You should probably dial in. 32 00:02:03,890 --> 00:02:04,357 Yeah, be on in one sec. 33 00:02:21,508 --> 00:02:22,976 I will tell you I've never seen anything like it. 34 00:02:22,976 --> 00:02:24,511 I'm concerned about it. 35 00:02:24,511 --> 00:02:26,479 I'm calling it the ultimate short squeeze. 36 00:02:26,479 --> 00:02:28,782 You can lose money to infinity. 37 00:02:28,782 --> 00:02:32,318 It's very different, more highly leveraged game on the other side. 38 00:02:33,687 --> 00:02:34,921 Holy ****ing shit. 39 00:02:36,220 --> 00:02:38,825 Right now we're gonna talk about GameStop. Those shares... 40 00:02:38,825 --> 00:02:42,280 - are nonstop earning of about 130% today. - Holy ****ing shit! 41 00:02:42,280 --> 00:02:43,730 - Holy shit! - What the... 42 00:02:43,730 --> 00:02:44,998 ...****! 43 00:02:49,536 --> 00:02:50,670 Holy shit. 44 00:02:50,670 --> 00:02:52,505 - Yes. Hello? - Great news, Mr. Plotkin. 45 00:02:52,505 --> 00:02:55,208 I think we'll be able to get you into your new home a little sooner 46 00:02:55,208 --> 00:02:57,143 - than I actually thought. - I think we're having some sort of 47 00:02:57,143 --> 00:02:59,646 miscommunication here. Because I'm not trying to move into that house. 48 00:02:59,646 --> 00:03:02,382 I'm trying to tear that house down so I can build a tennis court 49 00:03:02,382 --> 00:03:04,384 for me and my family to play during the pandemic. 50 00:03:04,384 --> 00:03:05,885 - I see. - I thought it would be very simple. 51 00:03:05,885 --> 00:03:07,854 Apparently, it isn't because the pandemic is almost over 52 00:03:07,854 --> 00:03:09,489 - and there's no tennis court. - Okay, Mr. Plotkin. 53 00:03:09,489 --> 00:03:10,890 Thank you for your time. 54 00:03:10,890 --> 00:03:12,659 Yes, what? Hello? 55 00:03:12,659 --> 00:03:15,495 Hi, it's Ken Griffin. 56 00:03:21,340 --> 00:03:23,370 Hi there, Ken, how are you? Great to hear from you. 57 00:03:24,537 --> 00:03:25,572 Do you have a minute? 58 00:03:27,674 --> 00:03:28,742 I... 59 00:03:30,343 --> 00:03:32,846 I gotta call you right back. If that's okay. I'm so sorry. 60 00:03:34,470 --> 00:03:35,382 - Sure. - Okay, great. 61 00:03:36,916 --> 00:03:38,451 Hi. What's happening right now? 62 00:03:38,451 --> 00:03:41,210 It looks like there's one guy driving all the buying. 63 00:03:41,210 --> 00:03:42,355 What... what... what guy? 64 00:03:43,523 --> 00:03:46,559 I believe his name is "Roaring Kitty." 65 00:03:49,863 --> 00:03:51,970 Oh, wait, or... 66 00:03:52,999 --> 00:03:54,801 "Deep ****ing Value." 67 00:03:54,801 --> 00:03:57,437 "Roaring Kitty" or "Deep ****ing Value." What? 68 00:03:58,405 --> 00:04:01,541 He's "Roaring Kitty" on YouTube and "Deep ****ing Value" on Reddit. 69 00:04:01,541 --> 00:04:04,770 Both? He couldn't pick one name? 70 00:04:11,551 --> 00:04:12,986 Who is this schmuck? 71 00:04:12,986 --> 00:04:14,854 I don't know, but I think I just came. 72 00:05:20,620 --> 00:05:22,856 - Ruby... Ruby, right? - Yeah. 73 00:05:22,856 --> 00:05:24,391 - Can I get a couple of Heinies, please? - One. 74 00:05:24,391 --> 00:05:26,226 Sorry... 75 00:05:26,226 --> 00:05:28,561 - I'm gonna have a... - What? What's wrong with a Heinie? 76 00:05:28,561 --> 00:05:30,630 Drinking it since we were 17! 77 00:05:30,630 --> 00:05:32,132 Hey, drink what you like. No judgment. 78 00:05:32,732 --> 00:05:33,800 You have a Hamm's? 79 00:05:33,800 --> 00:05:36,403 - I'll have one of those. - The **** did you just order? 80 00:05:36,403 --> 00:05:39,272 Oh, it's a nice one outta Milwaukee. Good quality. 81 00:05:39,272 --> 00:05:42,208 - Fifty cents a can before markup. - C'mon, Kitty. Forget about price. 82 00:05:42,208 --> 00:05:43,443 Get him a Heineken, thank you. 83 00:05:43,443 --> 00:05:44,911 - It's on me. - Thanks, man. 84 00:05:44,911 --> 00:05:47,614 Thank you, that's nice. I'll have a Hamm's. 85 00:05:47,614 --> 00:05:49,249 So a Heineken and a Hamm's? 86 00:05:49,249 --> 00:05:50,350 Thank you. 87 00:05:50,350 --> 00:05:51,584 Please. 88 00:05:51,584 --> 00:05:52,919 Thank you, Ruby. 89 00:05:58,525 --> 00:05:59,526 How you been, man? 90 00:05:59,526 --> 00:06:01,661 The whole Sara thing. 91 00:06:01,661 --> 00:06:04,898 Oh, yeah. Okay... 92 00:06:04,898 --> 00:06:06,299 Up and down. 93 00:06:06,933 --> 00:06:08,680 Yeah. 94 00:06:09,769 --> 00:06:11,338 - How's your ***hole brother? - Still an ***hole. 95 00:06:11,338 --> 00:06:13,139 - Okay. - Yeah. 96 00:06:13,707 --> 00:06:15,342 Keeping busy at least? 97 00:06:15,342 --> 00:06:18,645 Got the day job at MassMutual. Working on my portfolio. 98 00:06:18,645 --> 00:06:20,647 That's the last thing you should be worrying about right now. 99 00:06:21,348 --> 00:06:23,350 Why? It's a... It's a good distraction. 100 00:06:23,350 --> 00:06:24,718 Lemme take that over for you. 101 00:06:24,718 --> 00:06:26,286 We got thousands of ****ysts at B of A 102 00:06:26,286 --> 00:06:28,722 - that do just this. C'mon, Kitty. - All good, man. Thank you. 103 00:06:28,722 --> 00:06:30,290 You should be focused on your family right now. 104 00:06:30,290 --> 00:06:31,791 Not ****ing around with penny stocks. 105 00:06:31,791 --> 00:06:34,494 They're not all penny stocks. GameStop isn't a penny stock. 106 00:06:34,494 --> 00:06:35,995 GameStop? 107 00:06:35,995 --> 00:06:37,464 - Dude... - You used to love GameStop! 108 00:06:37,464 --> 00:06:40,633 - Yeah, then I grew up. - Well, I think it's undervalued. 109 00:06:41,201 --> 00:06:43,203 I just sold off a bunch of other shit to double down. 110 00:06:43,203 --> 00:06:45,171 How much are we talking? A grand? 111 00:06:45,171 --> 00:06:46,306 - Fifty. - Bucks? 112 00:06:46,306 --> 00:06:47,440 Grand. 113 00:06:47,440 --> 00:06:48,541 53 grand. 114 00:06:49,275 --> 00:06:50,510 Yeah. 115 00:06:55,148 --> 00:06:56,490 Kitty... 116 00:06:57,917 --> 00:07:00,153 - Man, you don't even own a house. - It's got a ton of short interest, 117 00:07:00,153 --> 00:07:01,988 - You got a one-year-old. - which is artificially pushing... 118 00:07:01,988 --> 00:07:03,390 - Jesus, bro. - the price down. 119 00:07:03,390 --> 00:07:05,859 - You never bet against Wall Street! - Wall Street gets it wrong all the time. 120 00:07:05,859 --> 00:07:07,394 - Look at '08. - That was a one-off, Kitty. 121 00:07:07,394 --> 00:07:08,862 These guys, they have all the money 122 00:07:08,862 --> 00:07:10,997 and the fancy degrees and the political juice in the world, 123 00:07:10,997 --> 00:07:13,199 - and they get it wrong all the time. - Are you out of your ****ing mind? 124 00:07:13,199 --> 00:07:16,200 They've got the advantage, and they still get it wrong. 125 00:07:17,604 --> 00:07:20,173 No, gimme that, I'm drinking it. Even if it's 50 cents. 126 00:07:20,173 --> 00:07:21,241 It's 4 bucks. 127 00:07:21,241 --> 00:07:23,343 Well, my man just spent 53K on a penny stock. 128 00:07:23,343 --> 00:07:25,211 So, all he can afford is water. 129 00:07:25,211 --> 00:07:27,714 - You're a Wall Street guy? - Very much no. 130 00:07:27,714 --> 00:07:29,249 I'm a Wall Street guy. 131 00:07:29,249 --> 00:07:30,750 What was the stock? 132 00:07:32,180 --> 00:07:33,860 GameStop. 133 00:07:34,487 --> 00:07:35,755 The video game store. At the mall. 134 00:07:35,755 --> 00:07:39,392 - You really bought $53,000 of it? - Yeah, I don't believe it. 135 00:07:39,392 --> 00:07:41,561 I think he's ****ing with us. You're ****ing with us, right? 136 00:07:41,561 --> 00:07:43,263 You don't even have 50 grand. 137 00:07:43,263 --> 00:07:44,431 Let's see. 138 00:07:46,866 --> 00:07:47,967 Oh, shit. 139 00:07:50,700 --> 00:07:51,971 How is she falling for this? How are you falling for this? 140 00:07:51,971 --> 00:07:54,374 He won't spend 5 bucks for a beer, 141 00:07:54,374 --> 00:07:57,777 but he'll put 50k in a stock that you think is a joke. 142 00:07:57,777 --> 00:07:59,379 And that's interesting to you? 143 00:08:00,246 --> 00:08:01,348 Yeah. 144 00:08:02,549 --> 00:08:03,650 It is. 145 00:08:09,622 --> 00:08:11,224 Drink your shitty beer. 146 00:08:20,667 --> 00:08:23,236 Hey! 147 00:08:25,205 --> 00:08:26,740 Bedtime's already done? 148 00:08:26,740 --> 00:08:30,110 Yeah, she was exhausted. She skipped her nap. 149 00:08:31,911 --> 00:08:33,446 How was Briggsy? 150 00:08:33,446 --> 00:08:34,914 Good. Yeah. 151 00:08:43,223 --> 00:08:44,958 You guys talk about Sara? 152 00:08:51,398 --> 00:08:53,330 You wanna sit down a minute? 153 00:08:53,330 --> 00:08:55,235 I'll feel better if I finish these first. 154 00:08:56,269 --> 00:08:58,438 No, you won't. 155 00:09:23,830 --> 00:09:24,831 Do you think I'm insane? 156 00:09:24,831 --> 00:09:26,166 Yeah. 157 00:09:27,467 --> 00:09:29,690 Sorry. About what? 158 00:09:30,270 --> 00:09:31,371 GameStop. 159 00:09:31,371 --> 00:09:34,140 The most compelling asymmetric opportunity in the market? 160 00:09:36,242 --> 00:09:38,545 - What, did Briggsy make you jumpy? - A little. 161 00:09:38,545 --> 00:09:40,680 - What was his argument? - He didn't have one. 162 00:09:40,680 --> 00:09:43,249 - Well. - He just said it was a reckless bet. 163 00:09:43,249 --> 00:09:44,851 He said "you're putting your money in the next 164 00:09:44,851 --> 00:09:46,553 - Blockbuster." - Enough. **** Briggsy. 165 00:09:46,553 --> 00:09:49,923 Babe, you literally know more about this damn company than you know about me. 166 00:09:50,390 --> 00:09:51,524 It's true. 167 00:09:51,524 --> 00:09:54,327 And because of you, I know more about this company than I know about myself. 168 00:09:54,327 --> 00:09:58,980 But what if I'm missing something? We can't afford to miss something. 169 00:09:59,466 --> 00:10:01,201 It's all our savings. 170 00:10:01,901 --> 00:10:03,690 Go do a video. 171 00:10:04,371 --> 00:10:06,206 I can finish these first. I'm happy to... 172 00:10:06,206 --> 00:10:08,341 Go see what the nerds have to say. 173 00:10:08,341 --> 00:10:11,110 Our Wall Street Bets people aren't nerds, Caroline. 174 00:10:11,110 --> 00:10:13,513 They're gangsters. You make a dumb case and post it, 175 00:10:13,513 --> 00:10:15,915 - they'll rip you apart. - Well, then don't make a dumb case. 176 00:10:35,680 --> 00:10:36,569 Okay, let's see what's new. 177 00:10:39,539 --> 00:10:41,574 Oh, there's a share. Okay, here we go. 178 00:10:44,511 --> 00:10:45,779 Oh shit. 179 00:11:09,135 --> 00:11:10,603 Alright... 180 00:11:11,404 --> 00:11:13,973 Just check on... See here. 181 00:11:24,284 --> 00:11:27,200 Yo, what up, everybody? Roaring Kitty here. 182 00:11:27,200 --> 00:11:30,423 I've done a few of these now, mostly on my investing methodology. 183 00:11:30,423 --> 00:11:32,992 But today I'm gonna try something a little different. 184 00:11:32,992 --> 00:11:36,429 I appreciate the feedback you guys have been leaving me by the way. 185 00:11:37,263 --> 00:11:40,100 Oh! More feedback comin' in hot. 186 00:11:40,100 --> 00:11:43,903 "Less cats." Okay. Great. 187 00:11:43,903 --> 00:11:48,475 Ah, like I was saying, what was I saying? Ah, I'm gonna try... 188 00:11:48,475 --> 00:11:50,677 Oh, and here's one from Ballz. 189 00:11:50,677 --> 00:11:52,178 "Nerd." 190 00:11:52,178 --> 00:11:54,180 And nerd is in all capitals. 191 00:11:54,180 --> 00:11:58,184 Like, okay, that's kinda mean. But okay, fair. 192 00:11:59,386 --> 00:12:01,321 "Nice shirt, Grandpa"? 193 00:12:01,321 --> 00:12:04,624 What? How old do you think I am? 194 00:12:04,624 --> 00:12:05,592 You know what? 195 00:12:05,592 --> 00:12:08,762 Thanks for the comments. We're gonna come back to them at the end. 196 00:12:08,762 --> 00:12:09,963 Here's what I wanna talk about. 197 00:12:11,164 --> 00:12:14,134 I'm gonna pick a stock and talk about why I think it's interesting. 198 00:12:14,134 --> 00:12:16,360 And that stock is... 199 00:12:17,504 --> 00:12:18,705 GameStop. 200 00:12:20,306 --> 00:12:22,208 I know it's a polarizing stock and... 201 00:12:22,208 --> 00:12:24,511 some of you probably gonna tune out of the stream right now when you hear 202 00:12:24,511 --> 00:12:26,713 I'm bullish on GameStop. But I am. 203 00:12:26,713 --> 00:12:30,784 You can see it is now the biggest position by far in the Roaring Kitty portfolio. 204 00:12:30,784 --> 00:12:31,685 So... 205 00:12:31,685 --> 00:12:34,721 yeah, I think everyone else is crazy, and I think I'm right. 206 00:12:34,721 --> 00:12:38,525 But I've been wrong plenty of times in the past. So... 207 00:12:39,359 --> 00:12:42,829 So there are a lot of aspects to this bold thesis, a lot of moving parts, 208 00:12:42,829 --> 00:12:45,331 but I boil it down to what I consider the three overs: 209 00:12:45,331 --> 00:12:47,734 The digital risks seem to me to be overblown, 210 00:12:47,734 --> 00:12:50,837 the negative sentiment is overdone, you can see it with the huge short interest, 211 00:12:50,837 --> 00:12:52,806 and the value is overlooked. 212 00:12:52,806 --> 00:12:54,974 Wall Street just doesn't see it. 213 00:12:55,575 --> 00:12:56,743 Why? 214 00:12:56,743 --> 00:13:00,130 Mr. Market, why? 215 00:13:00,747 --> 00:13:03,450 The hedge funds are overlooking the value in the company 216 00:13:03,450 --> 00:13:06,219 just like they overlook the people who shop there. 217 00:13:06,219 --> 00:13:08,922 They assume most people download games online now. 218 00:13:08,922 --> 00:13:13,259 But look, 25% of gamers still buy new discs from GameStop, 219 00:13:13,259 --> 00:13:16,196 and 40% buy used games from the store. 220 00:13:16,196 --> 00:13:18,298 And the market's kinda forced my hand here. 221 00:13:18,298 --> 00:13:21,234 What more can I say? I just like the stock. 222 00:13:21,234 --> 00:13:22,302 Hey! 223 00:13:23,360 --> 00:13:24,437 Shit! 224 00:13:25,472 --> 00:13:27,173 - Did I wake you? - Please stop. 225 00:13:27,173 --> 00:13:30,760 Mr. Donaldson, I need you in your bed. 226 00:13:30,760 --> 00:13:31,578 Kerin, can you please 227 00:13:31,578 --> 00:13:33,313 - make sure Mr. Donaldson... - I don't need to go to bed. 228 00:13:33,313 --> 00:13:35,849 - I need a cup of coffee. - We can get you a cup of coffee. 229 00:13:35,849 --> 00:13:37,384 Kerin, coffee. 230 00:13:37,384 --> 00:13:38,485 Oh! 231 00:13:39,185 --> 00:13:40,320 Well, isn't that beautiful? 232 00:13:40,920 --> 00:13:42,550 Oh shit. 233 00:13:43,456 --> 00:13:48,261 "100% short GameStop stock (GME)"? 234 00:13:48,261 --> 00:13:49,596 It's an investment video. 235 00:13:49,596 --> 00:13:52,232 Hey, Jenny, for real, 236 00:13:52,232 --> 00:13:55,680 I wouldn't take investment advice from a guy in a cat shirt. 237 00:13:55,680 --> 00:13:57,671 Oh, okay. Who do you take investment advice from? 238 00:13:57,671 --> 00:14:04,344 I don't have investments. And if I did, I'd listen to, like, a banker. 239 00:14:04,344 --> 00:14:05,879 Just the way they like it. 240 00:14:05,879 --> 00:14:09,816 "They." Oh boy. Here we go... 241 00:14:09,816 --> 00:14:11,510 Just never mind. 242 00:14:11,510 --> 00:14:12,452 No, no, no, please tell me. 243 00:14:12,452 --> 00:14:15,655 I'm dying to know what Luke Wilson from The Royal Tenenbaums 244 00:14:15,655 --> 00:14:18,291 thinks we should do with our $68,000 a year. 245 00:14:18,291 --> 00:14:19,426 Who from what? 246 00:14:19,426 --> 00:14:20,493 Ugly Björn Borg. 247 00:14:20,493 --> 00:14:21,661 Okay, fine. 248 00:14:21,661 --> 00:14:24,597 Wall Street is betting that this company is gonna fail. 249 00:14:24,597 --> 00:14:26,166 It's called shorting. 250 00:14:26,166 --> 00:14:29,769 And if it fails, well, then everybody loses their job, 251 00:14:29,769 --> 00:14:32,439 but these hedge fund ***holes make a shit ton of money. 252 00:14:32,906 --> 00:14:36,776 It's bullshit. It's a bullshit way for rich people to get richer. 253 00:14:36,776 --> 00:14:38,445 How did you even find this guy? 254 00:14:38,445 --> 00:14:41,810 70,000 people have watched this video. 255 00:14:41,810 --> 00:14:43,483 He posts his balance sheets and everything. 256 00:14:43,483 --> 00:14:45,318 Wall Street Bets is going crazy over this. 257 00:14:45,318 --> 00:14:47,454 - Who? - It's an Internet forum. 258 00:14:49,322 --> 00:14:50,557 - On Reddit. - Now, see. No, no. 259 00:14:50,557 --> 00:14:52,959 I'm not gonna do this with you. The last time you brought up Reddit, 260 00:14:52,959 --> 00:14:55,695 it was just all these oil paintings of Donald Trump on horseback. 261 00:14:55,695 --> 00:14:57,497 - You liked it. - Detestable. 262 00:14:57,497 --> 00:15:00,166 - Look. - Okay, yeah. Let's take a look. 263 00:15:01,835 --> 00:15:04,204 "Shit's not a pump-and-dump 264 00:15:04,204 --> 00:15:07,574 if it never dumps, you ****heads..." 265 00:15:07,574 --> 00:15:11,711 "Feed me your tears, I use it as **** lube on your wives." 266 00:15:11,711 --> 00:15:12,846 Why did you go to that one? 267 00:15:12,846 --> 00:15:16,383 Oh! Oh! Oh! "Strap on ur theta dildo 268 00:15:16,383 --> 00:15:20,520 - n start pounding." - Okay. Yes, that shit exists on here. 269 00:15:20,520 --> 00:15:24,324 But I also learned the difference between a delta squeeze and a gamma squeeze. 270 00:15:24,324 --> 00:15:26,326 And now everyone is talking about call options. 271 00:15:26,326 --> 00:15:27,894 Jenny, baby, 272 00:15:28,495 --> 00:15:29,863 you're never gonna find a man on there. 273 00:15:31,640 --> 00:15:33,833 Hey, well, my guy has, what, 5 million TikTok followers. 274 00:15:33,833 --> 00:15:35,568 - How many does yours have? - I don't know. 275 00:15:35,568 --> 00:15:38,338 Quick scroll. 412. 276 00:15:38,338 --> 00:15:40,674 - Who cares? - The Internet at large. 277 00:15:40,674 --> 00:15:42,709 But hey. Least I aim high. 278 00:15:43,743 --> 00:15:44,878 I aim high. 279 00:16:20,980 --> 00:16:23,516 What up, everybody? Roaring Kitty here. 280 00:16:23,516 --> 00:16:28,455 Yo! Yo! Yo! This price action, gettin' kind of ridiculous, am I right? 281 00:16:28,455 --> 00:16:30,757 Let's see what happens. See what happens at the end of the week. 282 00:16:30,757 --> 00:16:33,930 But it's all about the trend staying intact. 283 00:16:33,930 --> 00:16:35,610 But this, this looks sick. 284 00:16:38,565 --> 00:16:39,666 Morning, Marcos! 285 00:16:40,166 --> 00:16:43,136 Shit... Yo, what's... Hey, Brad. 286 00:16:50,377 --> 00:16:54,214 Yo, I was wondering if could I get an advance on my pay? 287 00:16:54,814 --> 00:16:58,785 I can run it up the chain, but with all the cutbacks, that's unlikely. 288 00:16:59,853 --> 00:17:01,988 Oh, hey! You could do the employee TikTok contest. 289 00:17:01,988 --> 00:17:04,457 You do a lip sync, you can win 10 labor hours. 290 00:17:04,457 --> 00:17:06,159 Yeah, man, totally. 291 00:17:06,860 --> 00:17:09,829 That's dope. I was thinkin' "Savage." 292 00:17:11,231 --> 00:17:13,166 Yeah, sure, I love it. 293 00:17:13,166 --> 00:17:15,635 Or yo, that Drake one with Lil Durk. 294 00:17:17,270 --> 00:17:18,471 That's a great one too. 295 00:17:18,471 --> 00:17:20,273 Because I know you love Lil Durk. 296 00:17:20,807 --> 00:17:21,775 C'mon. 297 00:17:21,775 --> 00:17:24,344 No, I'm gonna do Megan Thee Stallion. For sure, for sure, for sure. 298 00:17:24,344 --> 00:17:25,412 I'm a savage 299 00:17:26,112 --> 00:17:28,415 Classy, bougie, ratchet 300 00:17:28,415 --> 00:17:31,117 Sassy, moody, nasty 301 00:17:31,117 --> 00:17:33,253 Okay, mask! Mask. 302 00:17:34,354 --> 00:17:35,655 Sorry. 303 00:17:35,655 --> 00:17:38,191 Acting stupid, what was happening? 304 00:17:38,758 --> 00:17:40,760 What's happening? I'm a savage 305 00:17:40,760 --> 00:17:43,963 Huh, A+ man. You're a shoo-in with moves like that. 306 00:17:43,963 --> 00:17:45,865 Yo, you think so for real, though? 307 00:17:46,900 --> 00:17:48,635 That's sweet, real. 308 00:17:49,436 --> 00:17:50,770 Ten labor hours. 309 00:17:51,538 --> 00:17:52,906 Damn, it's like Christmas came early! 310 00:17:54,607 --> 00:17:56,760 I'm pullin' for ya! 311 00:17:56,760 --> 00:17:57,477 Thanks, man. 312 00:18:10,900 --> 00:18:12,325 ...only fit fake booties 313 00:18:12,325 --> 00:18:13,460 **** cash shit 314 00:18:16,629 --> 00:18:17,964 Fries. 315 00:18:26,506 --> 00:18:28,308 No, ****! 316 00:18:29,476 --> 00:18:30,410 God! 317 00:18:30,410 --> 00:18:32,579 Goddamn it! ****! 318 00:18:32,579 --> 00:18:35,515 But first, cheers! Cheers, everybody. 319 00:18:35,515 --> 00:18:38,685 I mean, look. I know we still got a lot of bear takes out there. 320 00:18:38,685 --> 00:18:40,353 But as I dive deeper and deeper into this thing, 321 00:18:40,353 --> 00:18:42,455 it's looking increasingly compelling to me. 322 00:18:42,455 --> 00:18:45,658 And then you got the huge short interest. Now, I'm not betting on a short squeeze. 323 00:18:45,658 --> 00:18:47,994 I've been saying that the whole time. You guys have been talking about it. 324 00:18:47,994 --> 00:18:49,596 Thesis is grounded in fundamentals, but I'm not... 325 00:18:49,596 --> 00:18:51,197 But to... I mean, today, I mean, I'm... 326 00:18:51,197 --> 00:18:52,899 I mean, it's starting to feel a little squeezy, right? 327 00:18:52,899 --> 00:18:54,434 Starting to feel a little squeezy. Honk! 328 00:18:54,434 --> 00:18:55,969 I mean, hello. Okay! 329 00:18:55,969 --> 00:18:58,171 All right, all right. I need a drink. I need a drink. 330 00:19:00,607 --> 00:19:04,100 Now. A lot of you are accusing me of talking a big game. 331 00:19:04,100 --> 00:19:05,178 - Keith? - But-- 332 00:19:05,178 --> 00:19:08,214 - Babe, where are you? - Oh... Coming! 333 00:19:09,490 --> 00:19:11,651 Duh... I'm on Daddy duty tonight. I'll be right back. 334 00:19:40,680 --> 00:19:43,183 Okay. There you go. 335 00:19:45,819 --> 00:19:46,886 Sorry. 336 00:19:46,886 --> 00:19:48,421 Quick tendie break. 337 00:19:49,923 --> 00:19:51,191 Gotta love those tendies. 338 00:19:51,191 --> 00:19:52,559 Sweet, sweet tendies. 339 00:19:53,526 --> 00:19:55,950 Speaking of tendies. 340 00:19:56,129 --> 00:19:58,932 Look at this. Look at this chart. 341 00:20:00,200 --> 00:20:03,903 We go from four, to six, to seven. Now... 342 00:20:04,437 --> 00:20:05,405 ten. 343 00:20:05,972 --> 00:20:08,675 Wall Street must be seeing this, right? 344 00:20:08,675 --> 00:20:11,144 Or are we just screaming into the void? 345 00:20:11,144 --> 00:20:14,614 Hello, Mr. Market. We got tendies too. 346 00:20:14,614 --> 00:20:17,500 We got tendies too. 347 00:20:18,852 --> 00:20:19,786 Maybe we are. 348 00:20:19,786 --> 00:20:25,225 They never saw the, like, 9 billion resumes I sent from 2016 to 2019. 349 00:20:25,225 --> 00:20:27,727 Or in 2009, right after I graduated college. 350 00:20:27,727 --> 00:20:31,297 I guess they were busy with that whole "market crash" thing then. 351 00:20:37,137 --> 00:20:37,971 ****! 352 00:20:47,470 --> 00:20:48,314 Kevin, you son of a *****! 353 00:20:48,314 --> 00:20:50,283 You can't run with a baby. You can't run with a baby! 354 00:20:50,283 --> 00:20:53,353 - Don't take my car, man! - I ****ed up your seat! 355 00:20:53,353 --> 00:20:54,988 There's no gas left. 356 00:20:57,123 --> 00:20:58,625 I know. 357 00:21:08,368 --> 00:21:10,170 How did that taste? 358 00:21:12,472 --> 00:21:14,507 Hey-oh, can I put my pants back on? 359 00:21:14,507 --> 00:21:15,608 No! 360 00:21:17,911 --> 00:21:19,312 - Hello. - All right. 361 00:21:21,214 --> 00:21:23,160 - All right. - Hey, girl. 362 00:21:23,160 --> 00:21:24,517 You said two shots, right? 363 00:21:24,517 --> 00:21:25,919 Oh, c'mon. 364 00:21:27,854 --> 00:21:29,322 ****, all good. 365 00:21:29,322 --> 00:21:31,725 - Can someone start the timer? - I got you. I got you. 366 00:21:32,158 --> 00:21:34,394 Hi. 367 00:21:36,629 --> 00:21:37,997 How are you? 368 00:21:39,132 --> 00:21:40,567 Can you shut the **** up? 369 00:21:41,101 --> 00:21:42,602 So what'd you do today? 370 00:21:42,602 --> 00:21:46,272 Well, I attended a Zoom seminar 371 00:21:46,272 --> 00:21:50,110 during which I watched two hours of TikTok. 372 00:21:53,460 --> 00:21:56,383 Oh! I purchased three shares of stock. 373 00:21:57,283 --> 00:21:58,718 Okay, what stock? 374 00:21:58,718 --> 00:22:01,521 - GameStop. - Yo, Roaring Kitty! 375 00:22:01,521 --> 00:22:03,189 C'mon. Yes, James. 376 00:22:04,958 --> 00:22:06,659 - Can I please put some pants back on? - No! 377 00:22:06,659 --> 00:22:08,461 - Sit down. - I'm three days into that shit. 378 00:22:08,461 --> 00:22:11,598 Look it. That's just, that's only from today. I don't care. 379 00:22:11,598 --> 00:22:14,670 I don't know what the **** I'm doing. I just know I'm making money. 380 00:22:14,670 --> 00:22:15,602 I'm not sold on that. 381 00:22:15,602 --> 00:22:17,404 It's doubled since summer. 382 00:22:17,404 --> 00:22:19,839 And the more people who buy in, the higher it'll go. 383 00:22:19,839 --> 00:22:22,308 That sounds like the literal definition of a pyramid scheme. 384 00:22:28,114 --> 00:22:31,951 Sorry, I have terrible allergies. And a killer headache. 385 00:22:31,951 --> 00:22:34,220 Could just be the music coming from next door though. 386 00:22:34,220 --> 00:22:38,580 You see your buddy Ken's up to 57 billion in short positions? 387 00:22:38,580 --> 00:22:40,600 Yeah, smart. The economy's in free fall. 388 00:22:44,264 --> 00:22:46,633 I honestly can't tell if that was you or Romeo. 389 00:22:46,633 --> 00:22:48,268 Very funny. 390 00:22:48,268 --> 00:22:51,371 I'm telling you. This is when they drag out the guillotines. 391 00:22:51,938 --> 00:22:54,740 - You're obsessed with him. - The man is an ***hole. 392 00:22:54,740 --> 00:22:58,111 He stole five ****ysts from me. All mediocre by the way. 393 00:22:58,912 --> 00:23:00,113 Oh, and two paintings. 394 00:23:00,113 --> 00:23:02,415 - What paintings? - A Picasso and a de Kooning. 395 00:23:02,415 --> 00:23:03,917 He overpaid 500 million. 396 00:23:03,917 --> 00:23:06,119 That is my entire nut from last year. 397 00:23:06,119 --> 00:23:07,921 The man is an ***hole. Just admit it. 398 00:23:07,921 --> 00:23:10,323 You're just bitter he stole those ****ysts. 399 00:23:10,323 --> 00:23:12,392 You seen Citadel's projected revenue? 400 00:23:12,392 --> 00:23:14,594 $7 billion. 401 00:23:14,594 --> 00:23:17,197 That's double last year. 402 00:23:17,197 --> 00:23:19,332 Hoovering up all the stimulus checks. 403 00:23:19,332 --> 00:23:21,434 - They go straight from the retail traders - Thank you. 404 00:23:21,434 --> 00:23:23,203 right into Kenny boy's pockets. 405 00:23:23,203 --> 00:23:27,407 The man just gets away with murder. Look at what I just sent you. 406 00:23:35,480 --> 00:23:38,651 Is this a video of a man drinking his own urine because a stock went up? 407 00:23:38,651 --> 00:23:39,886 #1 post on the site. 408 00:23:39,886 --> 00:23:41,521 Where did you get this? 409 00:23:41,521 --> 00:23:43,490 My ****ysts sent it to me. 410 00:23:43,490 --> 00:23:48,661 They call themselves apes and r-words. Retard, can they say that? 411 00:23:48,661 --> 00:23:52,799 Remarkably self-aware. They've hooked into GameStop for whatever reason. 412 00:23:52,799 --> 00:23:54,534 They think it's funny, it seems. 413 00:23:54,534 --> 00:23:55,969 I think it's funny. 414 00:23:55,969 --> 00:23:57,637 I think they think it's a good investment. 415 00:23:57,637 --> 00:24:00,600 Retail traders always lose. 416 00:24:01,841 --> 00:24:03,977 We've actually been short GameStop since 2014. 417 00:24:03,977 --> 00:24:09,150 The company is a complete disaster. They've had six CEOs in two years. 418 00:24:10,160 --> 00:24:12,519 Guess these guys are ignoring obvious secular market trends. 419 00:24:12,519 --> 00:24:15,655 Or they're... the stupidest people on earth. 420 00:24:15,655 --> 00:24:18,910 You're shorting more right now, aren't you? 421 00:24:18,910 --> 00:24:20,627 600,000 shares, maybe. 422 00:24:21,194 --> 00:24:22,829 Dumb money, man. 423 00:24:22,829 --> 00:24:24,330 I'm happy to take it. 424 00:24:33,640 --> 00:24:35,475 Listen up, retards, 425 00:24:35,475 --> 00:24:40,513 Melvin Capital has declared war on GME by shorting the stock even more. 426 00:24:40,513 --> 00:24:44,584 This is our call to activate diamond hands, my fellow warriors. 427 00:24:44,584 --> 00:24:49,589 We will not let the *** bears defeat us. We are on a mission to the ****ing moon. 428 00:24:49,589 --> 00:24:52,659 This is one that is bigger than your personal gains. 429 00:24:52,659 --> 00:24:55,261 More than just tendies for a new Lambo. 430 00:24:55,261 --> 00:24:59,432 This is our chance to rise up together. To stick it to the big man. 431 00:24:59,432 --> 00:25:01,701 Squeezing Melvin by the ****ing balls 432 00:25:01,701 --> 00:25:04,604 with the collective power of diamond handing autists. 433 00:25:05,205 --> 00:25:08,608 Wall Street Bets I thought were a bunch of idiots just throwing money at a stock 434 00:25:08,608 --> 00:25:10,310 because they thought it was funny. 435 00:25:10,310 --> 00:25:11,678 I was wrong. 436 00:25:11,678 --> 00:25:14,214 Now I see what Wall Street Bets really is. 437 00:25:14,214 --> 00:25:17,250 - It is a revolution. - This is one of those rare moments 438 00:25:17,250 --> 00:25:19,386 where Wall Street are the ones getting screwed over. 439 00:25:19,386 --> 00:25:21,540 And when we decide we're hungry, 440 00:25:21,540 --> 00:25:23,556 there is very little the rich can do to stop us 441 00:25:23,556 --> 00:25:25,592 - from beating them. - It's a GameStop to stop the game. 442 00:25:30,964 --> 00:25:33,330 Ho, ho, ho! 443 00:25:33,330 --> 00:25:37,771 What up, everybody? Merry Christmas, Happy New Year's, happy holidays. 444 00:25:38,638 --> 00:25:40,974 2020... See ya. 445 00:25:40,974 --> 00:25:44,110 2020 has been a very rough year for my family too. 446 00:25:44,110 --> 00:25:47,213 So this GameStop news has been a bit of a bright spot. 447 00:25:47,881 --> 00:25:49,783 Look at this, I mean, where it's at. 448 00:25:49,783 --> 00:25:53,520 It's a five bagger from where it was over the summer. 449 00:25:53,520 --> 00:25:57,590 You don't often see a thesis play out like this. 450 00:25:57,590 --> 00:25:58,625 So we gotta-- 451 00:25:58,625 --> 00:26:01,227 We can't take it for granted, right? We gotta appreciate it. 452 00:26:01,795 --> 00:26:04,664 Thank you, Santa. Right. 453 00:26:06,990 --> 00:26:09,102 I wanted to say cheers all of you. 454 00:26:09,102 --> 00:26:11,371 You're why I'm here in the first place. 455 00:26:13,306 --> 00:26:16,476 It's fun to talk about. I mean, I figure, if I worked at a hedge fund, 456 00:26:16,476 --> 00:26:18,111 I'd compare notes with my colleagues. But I don't. 457 00:26:18,111 --> 00:26:20,113 I'm stuck at home like you guys. So... 458 00:26:20,814 --> 00:26:22,649 I believe in this stock. 459 00:26:22,649 --> 00:26:25,118 And I believe in this community. 460 00:26:26,953 --> 00:26:31,758 I'll be honest, it's been kind of a shitty year. 461 00:26:33,460 --> 00:26:37,764 For a lot of people. Lotta people lost people the past 12 months. I did too. 462 00:26:37,764 --> 00:26:39,866 My sister, Sara. 463 00:26:49,420 --> 00:26:50,944 I don't talk about it much. 464 00:26:52,712 --> 00:26:54,681 But it felt right to tell you. 465 00:26:54,681 --> 00:26:57,170 We've been through so much together. 466 00:26:57,170 --> 00:27:00,153 You've made me feel a part of something, something big. 467 00:27:01,121 --> 00:27:03,957 So, Merry Christmas. Cheers. 468 00:27:37,824 --> 00:27:38,925 I like your car. 469 00:27:41,461 --> 00:27:42,662 It's a classic. 470 00:27:42,662 --> 00:27:44,330 - '95. - Yes! 471 00:27:44,330 --> 00:27:46,199 Sadly, it's a gas-guzzler. 472 00:27:46,199 --> 00:27:48,702 Yeah, yup, this one too. 473 00:27:49,669 --> 00:27:53,707 But she's such a beauty I couldn't stand to trade her. 474 00:27:53,707 --> 00:27:55,375 '96 Honda Accord? 475 00:27:56,420 --> 00:27:58,812 2003. Not quite a classic. 476 00:28:07,187 --> 00:28:11,257 It's kinda weird to talk to someone and see their whole face. Right? 477 00:28:11,257 --> 00:28:12,826 It's been so long. 478 00:28:13,660 --> 00:28:17,397 I... I work at a hospital, you could probably tell. 479 00:28:17,397 --> 00:28:18,665 Essential worker. 480 00:28:19,232 --> 00:28:20,667 Thank you for everything you do. 481 00:28:20,667 --> 00:28:21,901 Oh, you're very welcome. 482 00:28:33,413 --> 00:28:34,848 Hey... 483 00:28:35,949 --> 00:28:37,384 Have a good night. 484 00:28:38,284 --> 00:28:39,419 Cool. 485 00:28:40,220 --> 00:28:41,721 Safe travels. 486 00:28:58,405 --> 00:29:00,573 Remember when you were just making fun of me 487 00:29:00,573 --> 00:29:03,977 - and now you're literally obsessed. - No, I don't recall. 488 00:29:03,977 --> 00:29:07,130 - How much are you up? - 948. 489 00:29:07,130 --> 00:29:10,150 Stock dipped a little, it was like 2,000 before Christmas. 490 00:29:10,150 --> 00:29:11,785 Maybe you should sell. 491 00:29:13,953 --> 00:29:16,890 No. It's not about the money. 492 00:29:16,890 --> 00:29:17,991 The stock market is not about the money? 493 00:29:17,991 --> 00:29:20,660 No. You just gotta read some of the stuff on here. 494 00:29:21,261 --> 00:29:24,964 Never understood why my dad was so pissed off about this whole thing, 495 00:29:24,964 --> 00:29:26,990 but now I do. 496 00:29:27,667 --> 00:29:29,169 I told you about his store, right? 497 00:29:29,169 --> 00:29:30,637 Costco? 498 00:29:31,304 --> 00:29:32,806 Shopko. 499 00:29:32,806 --> 00:29:34,474 It was like, this like... 500 00:29:35,308 --> 00:29:37,110 big chain in our area. 501 00:29:37,944 --> 00:29:41,815 My dad, he worked his way all the way up from bag boy to general manager. 502 00:29:42,582 --> 00:29:45,185 Then one of these Wall Street funds came in, bought it, 503 00:29:45,185 --> 00:29:49,756 and vampire-sucked all the money out of it and then declared bankruptcy. 504 00:29:49,756 --> 00:29:50,924 ****. 505 00:29:52,250 --> 00:29:53,126 Yeah. 506 00:29:54,828 --> 00:29:57,864 He lost his pension. Everything. 507 00:29:59,199 --> 00:30:02,680 It's why he had to work at Pick 'n ****in' Save till the day he died. 508 00:30:02,680 --> 00:30:04,537 And now that's why I'm up to my *** in debt. 509 00:30:05,872 --> 00:30:08,541 And these ****ers are trying to do the same thing to GameStop. 510 00:30:10,100 --> 00:30:11,177 **** 'em. 511 00:30:12,812 --> 00:30:14,147 **** 'em all. 512 00:30:22,389 --> 00:30:24,257 Wait, look. 513 00:30:24,257 --> 00:30:25,658 Look at this. 514 00:30:25,658 --> 00:30:28,561 - This guy wants to CashApp me $100 - Shut the **** up. 515 00:30:28,561 --> 00:30:32,599 to send him a selfie. Or 500 if I live chat him from a bubble bath. 516 00:30:32,599 --> 00:30:34,501 Yes! Yes, we should do it. 517 00:30:34,501 --> 00:30:36,736 - What? - Yes, we do it. 518 00:30:36,736 --> 00:30:39,172 And then put the money into GameStop. 519 00:30:39,739 --> 00:30:43,476 - Who am I talking to right now? - C'mon, *****, let's go get a tub. 520 00:30:57,290 --> 00:31:00,493 Your entire business is kids spending their lunch money on random stocks. 521 00:31:00,493 --> 00:31:02,295 They come to you because it's free. 522 00:31:02,295 --> 00:31:06,433 But if you don't charge a commission on their trades, 523 00:31:06,433 --> 00:31:08,334 how do you make money? 524 00:31:09,369 --> 00:31:14,974 The idea for Robinhood really came out of the Occupy Wall Street movement. 525 00:31:14,974 --> 00:31:16,676 All those people with no way of getting in. 526 00:31:16,676 --> 00:31:19,120 Is that what Occupy was about? 527 00:31:19,120 --> 00:31:21,815 I mean, were they trying to get in or... 528 00:31:21,815 --> 00:31:24,170 So we said, it's not enough to occupy. 529 00:31:24,170 --> 00:31:26,986 - We need to democratize Wall Street. - Nat, I'm not sure you know this, 530 00:31:26,986 --> 00:31:28,455 but Baiju and I are both immigrants. 531 00:31:28,455 --> 00:31:30,256 I was born in Bulgaria, 532 00:31:30,256 --> 00:31:32,926 and Baiju's parents immigrated from India to the Deep South. 533 00:31:33,827 --> 00:31:37,364 Can you imagine growing up in rural Virginia with a name like 534 00:31:37,364 --> 00:31:39,632 Baiju Prafulkumar Bhatt? 535 00:31:40,633 --> 00:31:43,870 We created commission-free trading so that anyone can get in the game. 536 00:31:43,870 --> 00:31:47,407 You don't even need a bank account. People have really responded. 537 00:31:47,407 --> 00:31:51,378 We've added 5 million users in the last six months, 538 00:31:51,378 --> 00:31:54,114 - for a total of... - Close to 20 at this point. Million. 539 00:31:54,114 --> 00:31:57,217 So, you're one of these tech companies that's exploded growth-wise, 540 00:31:57,217 --> 00:31:58,385 but doesn't make any money. 541 00:31:58,385 --> 00:32:00,220 - We make money. - But how? 542 00:32:00,220 --> 00:32:03,223 - If you don't charge commission then... - From interest on people's accounts. 543 00:32:03,223 --> 00:32:04,824 But your users are mostly young. 544 00:32:04,824 --> 00:32:06,960 So, how much money can they really be keeping 545 00:32:06,960 --> 00:32:09,229 - in their account? - There's also payment for order flow. 546 00:32:09,229 --> 00:32:10,130 What's that? 547 00:32:10,130 --> 00:32:13,330 We prefer the term "stock order routing." 548 00:32:13,330 --> 00:32:14,968 When you buy or sell a stock on our app, 549 00:32:14,968 --> 00:32:17,771 we send your order to market makers, who process the order. 550 00:32:17,771 --> 00:32:20,140 They pay us a tiny rebate on every trade. 551 00:32:20,140 --> 00:32:21,941 - Tiny. - But it adds up. 552 00:32:21,941 --> 00:32:23,610 We should really get back to how we... 553 00:32:23,610 --> 00:32:25,745 - started our company. - What market maker do you work with? 554 00:32:25,745 --> 00:32:28,810 A few. Citadel Securities mostly. 555 00:32:28,810 --> 00:32:30,450 Ken Griffin's firm? Isn't that a hedge fund? 556 00:32:30,450 --> 00:32:34,540 Well, Ken Griffin's hedge fund is called Citadel. 557 00:32:34,540 --> 00:32:36,723 But Citadel Securities is a completely different company. 558 00:32:36,723 --> 00:32:38,525 Also owned by Ken Griffin? 559 00:32:39,926 --> 00:32:40,994 All right, 560 00:32:41,695 --> 00:32:44,330 we weren't gonna do this, but we'll give you a scoop. 561 00:32:44,998 --> 00:32:46,866 Off the record for now. 562 00:32:47,534 --> 00:32:48,568 Okay. 563 00:32:49,903 --> 00:32:51,805 We're looking to IPO soon. 564 00:32:53,673 --> 00:32:56,176 Damn. Okay. 565 00:32:57,310 --> 00:32:58,578 That's big. 566 00:33:24,337 --> 00:33:26,272 - Okay, don't say the bad word. - Be humble 567 00:33:26,973 --> 00:33:28,541 Sit down 568 00:33:30,210 --> 00:33:32,812 Sit down, be humble 569 00:33:33,446 --> 00:33:34,748 - Sit down - Sit down 570 00:33:41,621 --> 00:33:44,357 - Be humble, sit down, lil ***** - Kev, please. 571 00:33:44,357 --> 00:33:46,693 - Well, sit down, lil ***** - Your father needs to concentrate. 572 00:33:46,693 --> 00:33:50,130 Drove long-haul for forty years. I don't need to concentrate. 573 00:33:50,130 --> 00:33:52,532 Fine. I need to concentrate. 574 00:33:52,532 --> 00:33:54,801 What do you need to concentrate about? 575 00:33:55,368 --> 00:33:56,202 What? 576 00:33:56,202 --> 00:33:58,400 I thought they were veering over into our lane. 577 00:33:58,400 --> 00:34:00,774 Nobody was veering, Elaine. It's okay. 578 00:34:04,711 --> 00:34:06,780 You talk to any of the girls at the clinic? 579 00:34:06,780 --> 00:34:08,481 A few of them have called. 580 00:34:11,851 --> 00:34:13,186 I miss it. 581 00:34:13,186 --> 00:34:15,210 Boys, never retire. 582 00:34:15,689 --> 00:34:17,357 Keith, never retire. 583 00:34:18,240 --> 00:34:20,260 Kevin, if you ever get a job, never retire. 584 00:34:20,260 --> 00:34:21,127 I have a job! 585 00:34:21,127 --> 00:34:23,396 Yet you still live with Ma and Dad. 586 00:34:23,396 --> 00:34:27,330 Oh, you're some big professional now cuz you're ****ing king dork on YouTube? 587 00:34:27,330 --> 00:34:28,702 Just one of many dorks. 588 00:34:28,702 --> 00:34:30,670 This ****hole thinks he's Jimmy Buffett now. 589 00:34:30,670 --> 00:34:32,272 - C'mon. - Warren Buffett. 590 00:34:32,272 --> 00:34:34,341 - Warren Buffett. - See? 591 00:34:34,341 --> 00:34:37,344 You're not either of the Buffetts, Kitty! 592 00:34:40,580 --> 00:34:41,848 You're Ballz? 593 00:34:45,151 --> 00:34:46,853 - Hey! - Ah, good Christ. 594 00:34:46,853 --> 00:34:47,754 - Fellas. - Ma. 595 00:34:48,355 --> 00:34:50,223 Drop! Stop it! 596 00:34:54,694 --> 00:34:55,862 Door Dash is not a job. 597 00:34:57,300 --> 00:34:58,640 MassMutual's a job. 598 00:34:58,640 --> 00:35:00,300 - A job's got business cards. - Door Dash is a job. 599 00:35:00,300 --> 00:35:01,601 Okay, I'm a first responder. 600 00:35:01,601 --> 00:35:04,404 And second of all, Ma, nobody uses business cards anymore. 601 00:35:06,172 --> 00:35:08,740 We're proud of you, honey. 602 00:35:09,109 --> 00:35:10,377 Get a room. 603 00:35:30,263 --> 00:35:33,266 Take your time. I'll be in the car. 604 00:35:45,445 --> 00:35:46,780 Yeah. 605 00:35:55,355 --> 00:35:56,656 Love you. 606 00:36:20,714 --> 00:36:22,282 It has been dragging on. 607 00:36:22,282 --> 00:36:24,617 Honestly, I don't know when we'll be able to start demo 608 00:36:24,617 --> 00:36:26,453 because local ordinances are a nightmare. 609 00:36:26,453 --> 00:36:29,689 My heart bleeds for you. Having to borrow a tennis court. 610 00:36:29,689 --> 00:36:31,324 "Borrower is slave to the lender." 611 00:36:31,324 --> 00:36:32,559 Is that Buffett? 612 00:36:32,559 --> 00:36:34,461 It's the Bible. Proverbs. 613 00:36:34,461 --> 00:36:35,729 My Grandpa Melvin used to say it. 614 00:36:35,729 --> 00:36:37,464 When he was starting his convenience store, 615 00:36:37,464 --> 00:36:38,698 he refused to borrow one dollar. 616 00:36:38,698 --> 00:36:39,833 It was a point of pride. 617 00:36:39,833 --> 00:36:41,634 Ah yes, your humble beginnings. 618 00:36:41,634 --> 00:36:45,739 "Grandpa Melvin" Capital, now with 16 billion under management. 619 00:36:46,339 --> 00:36:49,900 Better than "Citadel." You sound like you're preparing for war. 620 00:36:49,900 --> 00:36:50,143 I'm a man of the people. 621 00:36:50,143 --> 00:36:51,344 You rented out a resort, 622 00:36:51,344 --> 00:36:54,748 relocated your entire firm here so you could stay open during lockdown. 623 00:36:54,748 --> 00:36:58,180 Says the man who flew his whole firm down private just for a party. 624 00:36:58,180 --> 00:36:59,919 And anyway, what kind of company shuts down 625 00:36:59,919 --> 00:37:01,821 just because the government tells them to? 626 00:37:01,821 --> 00:37:04,240 All the ones in your short portfolio. 627 00:37:04,240 --> 00:37:05,291 And yours. 628 00:37:06,590 --> 00:37:08,595 -All except for one actually. - Which one? 629 00:37:08,595 --> 00:37:10,563 - GameStop. - How? 630 00:37:10,563 --> 00:37:13,233 They sell computer mouses. Mice? 631 00:37:13,233 --> 00:37:15,402 They claim it makes them an essential business. 632 00:37:15,402 --> 00:37:18,400 That is the smartest dumbest thing I've ever heard. 633 00:37:18,400 --> 00:37:19,139 I know, it's actually a fun one. 634 00:37:19,139 --> 00:37:23,576 The revenue's in the toilet. 632 million net loss last year. 635 00:37:23,576 --> 00:37:26,613 They'd be better off just burning the whole company down. 636 00:37:26,613 --> 00:37:29,783 The stock though, it has been volatile. It's been up. 637 00:37:29,783 --> 00:37:32,385 - Buybacks? - Retail traders. 638 00:37:33,486 --> 00:37:34,554 Bro. I don't have it, bro. 639 00:37:34,554 --> 00:37:35,689 - Damn, brother. - Sorry, man. 640 00:37:35,689 --> 00:37:37,190 - Yeah, yeah, yeah. - Have a good one, bro. 641 00:37:37,190 --> 00:37:38,191 - Yo, stay up though! - Yeah. 642 00:37:38,191 --> 00:37:39,592 Aight, bro. Aight. 643 00:37:45,265 --> 00:37:46,900 I'm gonna put these back real quick. 644 00:37:54,407 --> 00:37:55,575 Hey, Marcos. 645 00:37:56,543 --> 00:37:57,711 Yes, Bradley? 646 00:37:59,746 --> 00:38:01,548 I... I love how you engaged with that customer, 647 00:38:01,548 --> 00:38:03,817 but we really wanna close those pre-owned sales. 648 00:38:03,817 --> 00:38:05,218 The margin's more than double. 649 00:38:05,218 --> 00:38:06,753 Oh shit, double. 650 00:38:06,753 --> 00:38:08,655 Yeah, you didn't do any of the five prongs, dude: 651 00:38:08,655 --> 00:38:12,225 Pre-orders. Reward-card subscriptions. Used sales. New sales. Trade-ins. 652 00:38:12,225 --> 00:38:13,793 Yeah, I mean, when I was a 16-year-old gamer, 653 00:38:13,793 --> 00:38:15,929 all I wanted was a reward-card subscription. 654 00:38:15,929 --> 00:38:19,265 $5 cash back monthly, 20 points for every dollar spent... 655 00:38:19,833 --> 00:38:21,468 - Don't get me started. - A lot of really smart people 656 00:38:21,468 --> 00:38:23,103 in corporate put this plan together. 657 00:38:23,103 --> 00:38:25,739 Yeah, but any of them ever played a video game? 658 00:38:25,739 --> 00:38:28,641 It doesn't matter, Marcos, because they own our***ses. 659 00:38:28,641 --> 00:38:31,811 Yo, they don't own my ***, so. 660 00:38:32,379 --> 00:38:33,446 They do, 661 00:38:33,446 --> 00:38:34,914 and they always will. 662 00:38:37,984 --> 00:38:39,190 Mask. 663 00:38:40,954 --> 00:38:42,222 Hey, Bradley. 664 00:38:45,325 --> 00:38:47,427 You ever heard of a short squeeze? 665 00:38:55,168 --> 00:38:56,970 Is that a ***ual thing? 666 00:38:58,805 --> 00:39:00,173 No. 667 00:39:01,608 --> 00:39:03,900 Oh, yeah! 668 00:39:03,900 --> 00:39:04,110 Here's what's going on. 669 00:39:04,110 --> 00:39:05,512 Late last year, 670 00:39:05,512 --> 00:39:10,316 hedge funds started shorting stock in the retail store GameStop. 671 00:39:10,316 --> 00:39:13,887 Meaning they had bet against it and needed it to drop in price 672 00:39:13,887 --> 00:39:17,691 for their investments to be successful. Now unfortunately for the hedge funds, 673 00:39:17,691 --> 00:39:23,229 small investors started buying the stock led by something called Wall Street Bets, 674 00:39:23,229 --> 00:39:26,900 a popular, juvenile, foul-mouthed Reddit page. 675 00:39:26,900 --> 00:39:28,768 And when Wall Street Bets noticed 676 00:39:28,768 --> 00:39:32,439 that hedge funds had taken a large short position in GameStop stock, 677 00:39:32,439 --> 00:39:35,241 they decided to punish the Wall Street big boys 678 00:39:35,241 --> 00:39:38,780 and launched a coordinated buying spree. 679 00:39:42,916 --> 00:39:44,884 - Massive short squeeze, - Show me... 680 00:39:44,884 --> 00:39:47,620 - closing there, with a gain of 51% - the tendiesss! 681 00:39:47,620 --> 00:39:49,589 after traders on message boards... 682 00:39:53,930 --> 00:39:54,427 What? 683 00:39:54,427 --> 00:39:59,432 Happy Wednesday! Happy hump day! Gee... look at this! 684 00:39:59,432 --> 00:40:00,834 Look at this shit! 685 00:40:00,834 --> 00:40:04,370 A 90% increase in one day? In one ****ing day! 686 00:40:04,370 --> 00:40:07,674 We're goin' to the mooooon. 687 00:40:10,677 --> 00:40:13,213 Okay, now, if you've been watching this price action, 688 00:40:13,213 --> 00:40:14,381 this is what I'm talking about. 689 00:40:14,381 --> 00:40:16,483 Yeah, but you can really feel that panic from Wall Street, right. 690 00:40:16,483 --> 00:40:18,852 When they start... we're starting to feel a little squeeze. Starting to feel it. 691 00:40:18,852 --> 00:40:20,387 You're starting to really feel a little squeeze. 692 00:40:20,387 --> 00:40:23,189 I need a drink. I need a drink. I know we all drinking tonight. 693 00:40:23,189 --> 00:40:24,758 We ****ing did it! 694 00:40:24,758 --> 00:40:27,527 We started from the bottom and now we're here! 695 00:40:28,695 --> 00:40:30,930 Let's raise a glass 696 00:40:30,930 --> 00:40:34,834 to a great company that's undervalued, cheers. 697 00:40:35,402 --> 00:40:39,390 Soon may the tendiemen come... Show me the tendies. Show me the tendies. 698 00:40:39,390 --> 00:40:40,306 I got 'em right here. 699 00:40:40,306 --> 00:40:43,677 Show me the tendies. I just gotta... I just gotta dip. 700 00:40:43,677 --> 00:40:45,478 I just gotta... I just gotta dip. 701 00:40:54,387 --> 00:40:56,220 11 ****ing million dollars? 702 00:40:56,220 --> 00:40:56,990 What the ****! 703 00:40:56,990 --> 00:40:59,726 - Oh, language. The baby's here. - What are you gonna do? 704 00:40:59,726 --> 00:41:02,280 Get a Ferrari? A Lambo? 705 00:41:02,280 --> 00:41:03,797 Caroline, you're gonna ask for a big diamond, right? 706 00:41:03,797 --> 00:41:05,165 I have a diamond. 707 00:41:05,165 --> 00:41:07,634 Keith, you get a ****ing diamond! If I were you, I'd look like 708 00:41:07,634 --> 00:41:10,203 - DJ Khaled right now. - Kev! It's not real. 709 00:41:10,203 --> 00:41:11,838 I mean, it's real, but it's just paper. 710 00:41:11,838 --> 00:41:14,908 Just on paper! You're gonna sell, right? 711 00:41:14,908 --> 00:41:16,209 - No! - Maybe. 712 00:41:16,743 --> 00:41:18,511 I mean, I don't know. 713 00:41:19,546 --> 00:41:22,982 - We... we haven't talked about it. - What the **** is wrong with you? 714 00:41:22,982 --> 00:41:26,219 I'm riding Mom's bike every day to Dorchester to drop off cheeseburgers 715 00:41:26,219 --> 00:41:27,687 because you won't let me use your ****ing car. 716 00:41:27,687 --> 00:41:29,856 And you're mister "I won't sell and take millions of dollars." 717 00:41:29,856 --> 00:41:32,192 And, well, what you do with your life is your choice. 718 00:41:32,192 --> 00:41:35,950 You think I wanted to get laid off from ****'s during a global pandemic? 719 00:41:35,950 --> 00:41:38,298 I love those sneakers, man. I loved that store. I love ****'s. 720 00:41:38,298 --> 00:41:41,401 - Mom's bike doesn't even have gears. - We don't know if it's reached the top. 721 00:41:41,401 --> 00:41:44,304 The stock jumped like 23% yesterday. 722 00:41:44,304 --> 00:41:46,206 - Double from Friday's close. - But he's right. 723 00:41:46,206 --> 00:41:48,575 I mean, 11 million dollars is a lot of ****ing dough. 724 00:41:48,575 --> 00:41:49,642 - Thank you! - Okay, yes, 725 00:41:49,642 --> 00:41:52,946 but since Ryan Cohen joined the board, the... 726 00:41:52,946 --> 00:41:54,280 This ****ing guy. 727 00:41:54,280 --> 00:41:56,616 ...got a 2 billion market cap. I mean, could it go pff? Yeah. 728 00:41:56,616 --> 00:41:59,652 But that's not what I'm seeing. That's not what I'm seeing, Kev. 729 00:42:00,754 --> 00:42:02,489 Kev? You there? 730 00:42:05,125 --> 00:42:06,259 Did he hang up? 731 00:42:06,960 --> 00:42:08,294 Yeah. 732 00:42:18,805 --> 00:42:20,674 ****, I think hold. 733 00:42:24,770 --> 00:42:25,450 Girl, you gotta sell. 734 00:42:25,450 --> 00:42:26,680 I'm not selling. 735 00:42:26,680 --> 00:42:27,914 How much are you up? 736 00:42:27,914 --> 00:42:30,517 58,000 and some change. 737 00:42:32,452 --> 00:42:34,788 Baby girl, what the ****? 738 00:42:34,788 --> 00:42:36,923 You need to get out while you can. 739 00:42:36,923 --> 00:42:39,592 - Don't be an idiot. - You remember red headband guy. 740 00:42:39,592 --> 00:42:43,960 He's worth 11 million dollars. And he's not selling. 741 00:42:43,960 --> 00:42:45,131 - No ****ing way. - Yes ****ing way. 742 00:42:45,131 --> 00:42:47,767 This is what I'm telling you. Diamond hands. 743 00:42:48,935 --> 00:42:52,472 Diamond hands. You hold the line no matter what the market does. 744 00:42:52,472 --> 00:42:53,907 No matter what Wall Street says. 745 00:42:53,907 --> 00:42:55,775 What happens when everyone else sells first 746 00:42:55,775 --> 00:42:58,678 and before you get out you've lost all your money? 747 00:42:58,678 --> 00:43:00,447 Are there any volunteers? 748 00:43:00,447 --> 00:43:02,315 - I'm... - Anyone? 749 00:43:02,315 --> 00:43:04,517 - We're gonna hold the line. - C'mon. 750 00:43:04,517 --> 00:43:06,653 - Someone has to go first. - Okay, yeah. I'll do it. 751 00:43:12,250 --> 00:43:13,560 Here we go everyone. 752 00:43:13,560 --> 00:43:16,563 The first Covid vaccine at Pittsburgh Presbyterian. 753 00:43:18,131 --> 00:43:19,499 ****! ****! 754 00:43:19,499 --> 00:43:23,503 ****! Guys, we need your help. What should we do? 755 00:43:24,738 --> 00:43:28,575 So listen, my girl bought in under 20 and now it is over 60. 756 00:43:28,575 --> 00:43:30,510 So like, should she sell? 757 00:43:30,510 --> 00:43:32,812 On the one hand, she has principles. 758 00:43:33,847 --> 00:43:37,217 On the other, she has 100k in student debt. So... 759 00:43:37,217 --> 00:43:39,986 One way you could think about the comparison between 760 00:43:39,986 --> 00:43:42,589 Marxism and Utilitarian tradition 761 00:43:42,589 --> 00:43:46,326 is that they both have a micro story and a macro story. 762 00:43:46,326 --> 00:43:48,695 When you think of Utilitarian tradition... 763 00:43:48,695 --> 00:43:53,133 The only thing that would convince her to sell is if Roaring Kitty sold. 764 00:43:56,970 --> 00:43:59,706 for how each individual action will go. 765 00:44:20,894 --> 00:44:22,562 Whoa, 766 00:44:23,329 --> 00:44:25,198 wait, listen, hold on. 767 00:44:26,566 --> 00:44:30,236 "Future generations will look back and say 'Good men stood here, 768 00:44:30,236 --> 00:44:32,939 good men fought, and died on this ground... 769 00:44:32,939 --> 00:44:37,610 as they point to a TradingView daily chart of GME zoomed in on January.' 770 00:44:38,311 --> 00:44:39,946 Since the spawn of the stonkmarket, 771 00:44:39,946 --> 00:44:42,582 two classes of people have been pitted against each other..." 772 00:44:42,582 --> 00:44:47,187 "Eternal enemies, forever forced and fated to combat: lions and hyenas." 773 00:44:47,187 --> 00:44:50,957 "These lions... these Wall Street hedge funds have it all. 774 00:44:50,957 --> 00:44:52,225 Billions of dollars, 775 00:44:52,225 --> 00:44:57,970 bailouts for reckless trades, these dirty ****ing criminal *******s." 776 00:44:57,970 --> 00:45:01,868 Yup, these ****ing mother****ers. 777 00:45:01,868 --> 00:45:03,436 "And then there's us. 778 00:45:03,436 --> 00:45:08,108 The working man, the average Joe. What do we have? 779 00:45:08,708 --> 00:45:11,511 What the **** do we have? 780 00:45:11,511 --> 00:45:13,580 They literally call us 'dumb money.'" 781 00:45:13,580 --> 00:45:15,415 "These lions, these hedge fund guys, 782 00:45:15,415 --> 00:45:17,417 were born with silver spoons in their mouths. 783 00:45:17,417 --> 00:45:19,520 The top 1% of the 1%. 784 00:45:19,520 --> 00:45:22,722 They have massive bank accounts, eat medium rare Grade A Wagyu steak." 785 00:45:22,722 --> 00:45:25,910 What the **** is that? That sounds delicious. 786 00:45:25,910 --> 00:45:27,460 "With truffle shavings for lunch." That's ****! 787 00:45:27,460 --> 00:45:29,362 "They frequent the finest strip clubs. 788 00:45:29,362 --> 00:45:31,531 They have blow and escorts on their yacht parties." 789 00:45:31,531 --> 00:45:33,433 Why do we hate these guys? 790 00:45:33,433 --> 00:45:35,468 "Then you know what they will tell these escorts?" 791 00:45:35,468 --> 00:45:37,637 - What's an escort? - Stop listening! 792 00:45:37,637 --> 00:45:41,941 "When the smoking hot blonde asks them, 'Like, how do you have so much money?'" 793 00:45:42,842 --> 00:45:47,681 "You know what they say? They say 'Ha, dumb money, babe. Dumb money.'" 794 00:45:49,916 --> 00:45:51,618 Something's burning. 795 00:45:52,752 --> 00:45:55,221 Oh... damn it. 796 00:45:55,221 --> 00:45:57,230 - Shit! - You said "shit". 797 00:46:05,865 --> 00:46:09,969 "Last, the GME trade is about class warfare. Plain and simple. 798 00:46:10,670 --> 00:46:13,940 We may be hyenas, yes. But guess what? 799 00:46:13,940 --> 00:46:17,277 You put enough of us together, and we can destroy a lion." 800 00:46:18,445 --> 00:46:20,513 It's on, mother****ers! 801 00:46:23,516 --> 00:46:25,785 Aw, we coming for y'all. 802 00:46:25,785 --> 00:46:27,687 Y'all better get ready. 803 00:46:27,687 --> 00:46:28,955 We ****ing coming for you. 804 00:46:28,955 --> 00:46:31,658 That is some nerdy shit, man. 805 00:46:32,325 --> 00:46:34,994 My brother is a ****ing nerd. 806 00:46:41,334 --> 00:46:43,370 ****! 807 00:46:49,420 --> 00:46:51,711 Counting down from 5 and then I'm coming back in there. 808 00:46:51,711 --> 00:46:53,813 I don't think you want that. 809 00:46:55,448 --> 00:46:56,316 5. 810 00:46:56,916 --> 00:46:58,685 - 4. - 3. 811 00:46:58,685 --> 00:47:00,387 2. 812 00:47:01,221 --> 00:47:02,522 Thank you. 813 00:47:02,522 --> 00:47:04,357 - How was your day? - Long. 814 00:47:04,357 --> 00:47:08,928 It's so hard to keep them focused on Zoom school. They're just not into it. 815 00:47:09,829 --> 00:47:11,464 How was your day? 816 00:47:11,464 --> 00:47:12,632 Good. 817 00:47:14,901 --> 00:47:17,370 You're not worried about the short squeeze thing? 818 00:47:17,370 --> 00:47:19,472 The dam'll break next week. 819 00:47:19,472 --> 00:47:21,908 A few of them will decide it's gone high enough, they'll cash out, 820 00:47:21,908 --> 00:47:25,111 the rest will follow, whole thing will come crashing down. 821 00:47:25,111 --> 00:47:28,281 I can't think of the last short squeeze that actually worked. 822 00:47:29,249 --> 00:47:30,583 Ackman and Herbalife. 823 00:47:31,184 --> 00:47:33,186 Before that... Piggly Wiggly? 824 00:47:33,186 --> 00:47:34,521 Piggly Wiggly. 825 00:47:34,521 --> 00:47:39,192 Yeah. 1923, a bear cartel was shorting the Piggly Wiggly grocery store. 826 00:47:39,192 --> 00:47:44,230 The founder, he takes out a loan for what would be $150 million today. 827 00:47:44,230 --> 00:47:46,700 He buys back almost all the stock, like 99% of the stock. 828 00:47:46,700 --> 00:47:49,350 The price of the stock goes up 50%. 829 00:47:49,350 --> 00:47:51,271 - How much is GameStop up? - Then, the exchange, 830 00:47:51,271 --> 00:47:53,139 they halt trading on the stock 831 00:47:53,139 --> 00:47:55,975 so the short sellers can cover their positions. 832 00:47:55,975 --> 00:47:57,677 Is that legal? 833 00:47:57,677 --> 00:48:00,413 The founder had to declare bankruptcy. So... 834 00:48:01,281 --> 00:48:02,782 it was all fine in the end. 835 00:48:02,782 --> 00:48:05,318 And you knew all that or you looked it up? 836 00:48:06,619 --> 00:48:08,588 Every fund manager knows that story. 837 00:48:12,692 --> 00:48:14,600 You looked it up. 838 00:48:15,895 --> 00:48:17,764 Double checked some numbers maybe. 839 00:48:27,140 --> 00:48:30,176 Oh, do you see what's going on at GME? 840 00:48:30,176 --> 00:48:32,245 - There's more of these idiots. - A lot more. 841 00:48:32,245 --> 00:48:33,546 They won't hold much longer. 842 00:48:33,546 --> 00:48:36,282 Oh, Gabe, honey, they're holding. 843 00:48:36,282 --> 00:48:38,351 It just crossed a hundred. 844 00:48:40,754 --> 00:48:42,255 Gabe? 845 00:48:42,255 --> 00:48:43,757 Where are you? 846 00:48:48,161 --> 00:48:50,163 You should probably dial in. 847 00:48:50,163 --> 00:48:51,798 Yeah, be on in one sec. 848 00:48:51,798 --> 00:48:54,501 GameStop, extraordinary volatility today. 849 00:48:54,501 --> 00:48:56,770 You know, we might want to make this the stock of the day. 850 00:48:56,770 --> 00:48:59,506 Now that it's gaining 103%. 851 00:48:59,506 --> 00:49:00,807 - That is volatility. - I will tell you, 852 00:49:00,807 --> 00:49:02,420 I've never seen anything like it. 853 00:49:03,176 --> 00:49:04,678 I'm concerned about it deeply. 854 00:49:04,678 --> 00:49:06,980 I'm calling it the ultimate short squeeze. 855 00:49:06,980 --> 00:49:09,649 - How much money is being made... - Holy ****ing shit. 856 00:49:09,649 --> 00:49:11,985 ...now we're gonna talk about GameStop. Those shares... 857 00:49:11,985 --> 00:49:15,121 - nonstop earning about of 130% today. - Holy ****ing shit! 858 00:49:15,121 --> 00:49:17,190 As bullish retail traders frenetically buy shares. 859 00:49:17,190 --> 00:49:18,124 Holy ****ing shit! 860 00:49:18,124 --> 00:49:19,492 Yo, holy shit! 861 00:49:20,600 --> 00:49:21,294 Shit balls. 862 00:49:21,294 --> 00:49:23,596 - Holy shit! - You look at the chart for the month. 863 00:49:23,596 --> 00:49:26,199 - It's up 220%. - Oh, ****! 864 00:49:26,800 --> 00:49:28,501 - Look there... It's crazy. - Everything okay? 865 00:49:28,501 --> 00:49:31,471 Holy ****ing shit! 866 00:49:31,471 --> 00:49:35,141 ...if you go short in some of these elaborate options trades, 867 00:49:35,141 --> 00:49:37,344 you can lose money to infinity. 868 00:49:37,344 --> 00:49:41,140 GameStop now at 123 and change, another record high. 869 00:49:41,140 --> 00:49:42,982 - Holy ****ing shit! - Completely disconnected... 870 00:49:42,982 --> 00:49:44,317 from the fundamentals. 871 00:49:44,317 --> 00:49:47,387 And this is very much being driven by retail investors. 872 00:49:47,387 --> 00:49:50,423 - Many of them trading on Robinhood. - When the music stops, somebody... 873 00:49:50,423 --> 00:49:53,793 -is gonna be left without a seat. - This for casino money only. 874 00:49:53,793 --> 00:49:55,829 They're literally putting the game in GameStop. 875 00:49:55,829 --> 00:49:57,864 ...is the craziest I think I've ever seen. 876 00:49:57,864 --> 00:50:01,701 True investors never heard of Reddit a few years ago. 877 00:50:01,701 --> 00:50:03,570 But for that to drive a short squeeze... 878 00:50:03,570 --> 00:50:05,905 It is Wall Street Bets. It's worth going to the site 879 00:50:05,905 --> 00:50:07,807 because it is incredibly compelling. 880 00:50:07,807 --> 00:50:10,610 You may think it's froth, but they are using arguments 881 00:50:10,610 --> 00:50:12,679 that they think hold up under scrutiny. 882 00:50:12,679 --> 00:50:15,181 - I just like the stock! - I can't look. 883 00:50:15,181 --> 00:50:17,384 - I can't look. I can't look. - It's up another 4%. 884 00:50:17,384 --> 00:50:18,818 I'm gonna have a ****ing heart attack. 885 00:50:18,818 --> 00:50:20,420 - Should we sell? - And betray your boyfriend? 886 00:50:20,420 --> 00:50:21,621 Absolutely not. No. 887 00:50:21,621 --> 00:50:23,623 - The stock is up 581%. - Maybe. 888 00:50:23,623 --> 00:50:25,825 ...they are being very specific: 889 00:50:25,825 --> 00:50:27,930 - To break the shorts. - Yes. 890 00:50:27,930 --> 00:50:28,895 I mean, what's going on in GameStop right now 891 00:50:28,895 --> 00:50:31,640 conceivably could take a couple of firms out. 892 00:50:31,640 --> 00:50:33,900 Hedge funds if they were stupid enough to be short. 893 00:50:33,900 --> 00:50:35,935 Babe, how much did we make today? 894 00:50:37,404 --> 00:50:38,271 5 million. 895 00:50:38,872 --> 00:50:39,839 And yesterday? 896 00:50:40,440 --> 00:50:41,541 4 million. 897 00:50:44,770 --> 00:50:44,911 Babe... 898 00:50:45,612 --> 00:50:46,646 Yeah? 899 00:50:47,614 --> 00:50:50,316 We're, like, really ****ing rich. 900 00:50:57,230 --> 00:50:58,758 How much did we lose today? 901 00:51:01,294 --> 00:51:02,195 A billion. 902 00:51:04,798 --> 00:51:05,732 And yesterday? 903 00:51:07,333 --> 00:51:08,334 A billion. 904 00:51:12,772 --> 00:51:14,407 Some news to bring you right now is that 905 00:51:14,407 --> 00:51:16,420 Melvin Capital Management, 906 00:51:16,420 --> 00:51:20,146 this is the hedge fund that had shorted this company, 907 00:51:20,146 --> 00:51:25,819 that had effectively been attacked by an army of investors trying to push up 908 00:51:25,819 --> 00:51:28,655 and press up the stock of GameStop. 909 00:51:28,655 --> 00:51:31,257 They've taken a rather huge loss... 910 00:51:31,257 --> 00:51:34,160 Sorry, if you could just put your head up for a sec? 911 00:51:34,828 --> 00:51:35,762 Thanks. 912 00:51:36,262 --> 00:51:37,664 How long've you been down here? 913 00:51:38,164 --> 00:51:38,998 A few months. 914 00:51:40,467 --> 00:51:41,801 You like the weather? 915 00:51:43,970 --> 00:51:47,440 Heat is nice. The humidity not as much. 916 00:51:47,440 --> 00:51:48,675 I can see that. 917 00:51:50,510 --> 00:51:52,846 All right, I think you're good to go. 918 00:52:18,538 --> 00:52:20,473 - Hey! - Hey, man. 919 00:52:20,473 --> 00:52:22,308 - Hi. - It's good to connect. 920 00:52:22,308 --> 00:52:23,510 You too. Great to be here. 921 00:52:23,510 --> 00:52:24,678 - Excited. - I'm glad you are. 922 00:52:24,678 --> 00:52:26,179 Listen, I want to get right to it. 923 00:52:26,179 --> 00:52:29,349 From what I'm hearing, you guys are bankrupt. 924 00:52:31,117 --> 00:52:32,585 No! What? No. 925 00:52:32,585 --> 00:52:35,689 'Cause the word on the street is that you're drowning. 926 00:52:35,689 --> 00:52:37,924 No, that's... That's crazy. 927 00:52:37,924 --> 00:52:40,460 - We're doing great. - You're on the record with that? 928 00:52:41,270 --> 00:52:41,895 Obviously. 929 00:52:41,895 --> 00:52:45,165 All right man. Well, then, we're gonna get the live feed up right now, 930 00:52:45,165 --> 00:52:47,534 and then we're gonna get to you right after this next advertising break. 931 00:52:47,534 --> 00:52:49,235 Perfect, great. Yes, can't wait. 932 00:52:54,700 --> 00:52:56,900 All right, one more spot and then you're gonna be up. 933 00:52:56,900 --> 00:52:59,790 I really do think this is the right time for you to communicate. 934 00:52:59,790 --> 00:53:01,470 - Great, yes. Agreed. - Great. We're gonna do it. 935 00:53:01,470 --> 00:53:03,683 Address it all head on. It's gonna be good. 936 00:53:05,752 --> 00:53:07,921 - No. - What? Gabe, we're on in 10 seconds. 937 00:53:07,921 --> 00:53:09,222 I can't do this. I'm sorry. 938 00:53:09,222 --> 00:53:10,190 Gabe, seriously. 939 00:53:10,190 --> 00:53:11,891 - Bye, I'm terribly sorry. - Seriously, c'mon. 940 00:53:11,891 --> 00:53:13,760 - Good to see you. The pleasure's here. - We're going on right now. 941 00:53:20,500 --> 00:53:21,334 Babe, 942 00:53:22,502 --> 00:53:23,636 what's the damage? 943 00:53:55,969 --> 00:53:57,270 Let me guess, you need cash. 944 00:53:57,270 --> 00:53:59,305 Didn't call Ken first, did you? 945 00:53:59,305 --> 00:54:00,974 He had Phillips reach out. 946 00:54:01,474 --> 00:54:02,842 How much did he offer? 947 00:54:04,377 --> 00:54:05,812 I haven't called him back yet. 948 00:54:05,812 --> 00:54:07,247 Well, how much do you need? 949 00:54:07,247 --> 00:54:09,683 You know what? Don't answer that. The number doesn't matter. 950 00:54:09,683 --> 00:54:11,284 Whatever it is, I'd love to buy in. 951 00:54:11,284 --> 00:54:13,386 Tell Ken to fill in the rest. 952 00:54:13,386 --> 00:54:14,587 Prick. 953 00:54:20,627 --> 00:54:21,661 - Hey, Ken. - Hey. 954 00:54:21,661 --> 00:54:24,798 Hi... So, I might need... 955 00:54:27,567 --> 00:54:28,568 A new investor. 956 00:54:28,568 --> 00:54:29,836 Consider it done. 957 00:54:29,836 --> 00:54:31,838 Just keep moving forward. 958 00:54:31,838 --> 00:54:34,474 Don't think about what Grandpa Melvin used to say. 959 00:54:34,474 --> 00:54:35,809 Prick. 960 00:54:37,677 --> 00:54:39,646 - Thank you. - Both Citadel 961 00:54:39,646 --> 00:54:43,350 - and Point72 have infused - Poor guy. 962 00:54:43,350 --> 00:54:46,853 $3 billion into Melvin Capital 963 00:54:46,853 --> 00:54:49,723 - to try to shore up... - Another goddamn bailout. 964 00:54:49,723 --> 00:54:51,458 Can you believe this crap? 965 00:54:51,458 --> 00:54:52,659 Nobody bailed me out 966 00:54:52,659 --> 00:54:55,662 when Richard left me alone with two toddlers, a mortgage, 967 00:54:55,662 --> 00:54:56,963 a shit car that never works. 968 00:54:56,963 --> 00:54:58,698 You can say "shit" but we can't? 969 00:54:58,698 --> 00:55:00,734 It's just so damn unfair and you know it. 970 00:55:00,734 --> 00:55:04,771 All we've done for the last year is work our ***es off helping people, 971 00:55:04,771 --> 00:55:07,474 and all we've gotten is one $600 check. 972 00:55:07,474 --> 00:55:10,510 This idiot effs up just about as bad as anyone could eff, 973 00:55:10,510 --> 00:55:13,546 and his friends come running in with $3 billion. 974 00:55:13,546 --> 00:55:15,815 That's why I keep telling you: you're never gonna win. 975 00:55:15,815 --> 00:55:18,351 Just take the money and do something nice. Pay off your mortgage. 976 00:55:18,351 --> 00:55:19,919 Get that one braces. 977 00:55:20,520 --> 00:55:22,220 Look who's still holding. 978 00:55:23,490 --> 00:55:25,492 If he's in, I'm in. 979 00:55:25,492 --> 00:55:27,460 Yeah, he's still gonna need braces. 980 00:55:27,460 --> 00:55:28,528 Your teeth are perfect. 981 00:55:28,528 --> 00:55:30,730 So what? The stock's up $150. 982 00:55:30,730 --> 00:55:32,665 - How much higher is it gonna go? - We control the price now. 983 00:55:32,665 --> 00:55:35,502 Not Wall Street. And no one on there is selling. 984 00:55:35,502 --> 00:55:36,636 Shoes. 985 00:55:36,636 --> 00:55:38,238 You're all so delusional. 986 00:55:38,238 --> 00:55:41,241 Maybe. But look at what we managed to do with these hedge funds. 987 00:55:41,241 --> 00:55:42,876 If we keep driving up the price, 988 00:55:42,876 --> 00:55:46,460 maybe we'll scare more of these guys into closing out their shorts, 989 00:55:46,460 --> 00:55:48,114 and then all of that bailout money... 990 00:55:48,114 --> 00:55:49,549 - Wait... - becomes ours. 991 00:55:49,549 --> 00:55:50,483 your screen name... 992 00:55:51,251 --> 00:55:52,819 is Stonkmom? 993 00:55:57,223 --> 00:55:58,224 - Hey! - Help your mother. 994 00:55:58,224 --> 00:56:00,727 - Why me and not Keith? - Just shut up and do it, okay? 995 00:56:00,727 --> 00:56:02,929 - Kev, take the potatoes. - 'Cause you're rich now? 996 00:56:02,929 --> 00:56:05,310 Mr. 23 million on paper but I won't sell. 997 00:56:05,310 --> 00:56:07,267 - Kevin. - Loser says what? 998 00:56:08,268 --> 00:56:10,737 - What? - Kevin, let Keith tell them. 999 00:56:13,940 --> 00:56:14,841 Tell us what? 1000 00:56:16,443 --> 00:56:22,282 Oh... I was waiting to tell you in person. But the stock we bet on, GameStop is up. 1001 00:56:22,282 --> 00:56:23,450 Ah, good. 1002 00:56:24,584 --> 00:56:27,530 - How much up? - He's up 23 million, Pop. 1003 00:56:27,620 --> 00:56:28,621 You're an ***hole. 1004 00:56:28,621 --> 00:56:31,157 - Don't kid us. - It's real. 1005 00:56:31,157 --> 00:56:33,860 Yeah, it's real. And he's refusing to sell. 1006 00:56:35,729 --> 00:56:36,763 What is going on? 1007 00:56:37,797 --> 00:56:39,132 - You're pulling our leg. - No. 1008 00:56:39,132 --> 00:56:41,670 Your son's a huge Internet celebrity now. 1009 00:56:41,670 --> 00:56:43,903 Millions of people including "Stonkmom" thinks he's some like, 1010 00:56:43,903 --> 00:56:45,939 - I don't know, investment genius. - No, he is a genius. 1011 00:56:45,939 --> 00:56:47,273 No, he's not. 1012 00:56:47,273 --> 00:56:49,900 You're up 23 million? 1013 00:56:50,100 --> 00:56:51,444 And you're not selling. 1014 00:56:53,790 --> 00:56:54,414 Jesus, Mary and Joseph. 1015 00:56:54,414 --> 00:56:55,915 What the **** is wrong with you? 1016 00:56:55,915 --> 00:56:58,251 Do you even know how much $23 million is? 1017 00:56:58,251 --> 00:57:00,553 And you're just gonna let it ride? What's the matter with you? 1018 00:57:00,553 --> 00:57:02,756 - I know what I'm doing, Dad. - But why aren't you selling? 1019 00:57:02,756 --> 00:57:04,624 What, wait! Is this illegal? Are you in trouble? 1020 00:57:04,624 --> 00:57:06,260 No. No, he's not in trouble. 1021 00:57:06,260 --> 00:57:07,627 - It's totally legal. - Yeah, he's posting 1022 00:57:07,627 --> 00:57:08,561 his balance sheet on the Internet. 1023 00:57:08,561 --> 00:57:09,896 - What? - Hedge fund managers, 1024 00:57:09,896 --> 00:57:12,332 they go on CNBC all the time to pump up the stock. 1025 00:57:15,668 --> 00:57:16,836 Yeah, the same idiot 1026 00:57:16,836 --> 00:57:19,639 who left a fresh pair of Nikes out on the bleachers for just anyone to take. 1027 00:57:19,639 --> 00:57:20,807 So you admit they were stolen! 1028 00:57:20,807 --> 00:57:22,442 - We gotta talk about this. - I admit you're a ****in' moron. 1029 00:57:22,442 --> 00:57:23,977 - Least I won the race. - What's the point of winning the race 1030 00:57:23,977 --> 00:57:25,445 if you let some dipshit steal the prize? 1031 00:57:25,445 --> 00:57:26,780 You would've broke a four if you had the Zooms on. 1032 00:57:26,780 --> 00:57:28,281 A four minute mile isn't everything, Kevin. 1033 00:57:28,281 --> 00:57:30,150 Maybe we should get in touch with Briggsy. 1034 00:57:30,150 --> 00:57:31,584 You know, he works in finance. 1035 00:57:31,584 --> 00:57:33,119 - Yes. - You think Briggsy knows 1036 00:57:33,119 --> 00:57:34,287 more about this than Keith does? 1037 00:57:34,287 --> 00:57:36,423 Well, can you talk about why you're putting your stocks 1038 00:57:36,423 --> 00:57:38,910 - in the Wall Street Journal? - Wall Street Bets. 1039 00:57:38,910 --> 00:57:40,160 What if someone tries to rob you? Kidnap the baby? 1040 00:57:40,160 --> 00:57:41,494 No one's gonna kidnap the baby. 1041 00:57:41,494 --> 00:57:43,396 - Nobody wants that baby, Mom. - I'm just saying, 1042 00:57:43,396 --> 00:57:44,664 that if we're gonna talk to somebody, 1043 00:57:44,664 --> 00:57:46,399 - you need to talk to Briggsy. - Yes, honey. 1044 00:57:46,399 --> 00:57:47,967 - This is the point... - Enough! 1045 00:57:49,350 --> 00:57:50,637 You guys, Keith has literally 1046 00:57:50,637 --> 00:57:52,939 poured his heart and his soul into this for the past year. 1047 00:57:52,939 --> 00:57:54,307 He knows what he's doing. 1048 00:58:00,460 --> 00:58:02,582 I know it's been a tough time, Elaine. 1049 00:58:10,490 --> 00:58:11,591 You should still sell. 1050 00:58:13,993 --> 00:58:15,161 Think you should sell. 1051 00:58:19,650 --> 00:58:21,301 And just **** the principle of the whole thing? 1052 00:58:21,301 --> 00:58:23,136 I don't like it any more than you do. 1053 00:58:38,618 --> 00:58:40,530 You really don't think that he's ****ing selling? 1054 00:58:40,530 --> 00:58:40,987 No! 1055 00:58:41,488 --> 00:58:42,322 Ladies. 1056 00:58:43,857 --> 00:58:44,691 Masks. 1057 00:58:48,228 --> 00:58:51,531 Kids are with their father for a few days. So, I'm going to Florida. 1058 00:58:51,531 --> 00:58:54,367 You finally ****ing sold. Halle­****in-lujah. 1059 00:58:54,367 --> 00:58:56,503 No, I'm putting it on my Visa. 1060 00:58:56,503 --> 00:58:57,570 You shitting me? 1061 00:58:57,570 --> 00:58:59,739 You're worth hundreds of thousands of dollars in stock, 1062 00:58:59,739 --> 00:59:01,374 and you're amassing credit card debt. 1063 00:59:01,374 --> 00:59:03,376 You really are out of your mind. 1064 00:59:03,376 --> 00:59:07,380 No, babe, I'm all in. Diamond hand. 1065 00:59:07,380 --> 00:59:09,482 Did you know that Gabe Plotkin gave an interview? 1066 00:59:09,482 --> 00:59:12,180 He's been getting death threats, anti-Semitic messages 1067 00:59:12,180 --> 00:59:14,354 - from these WSB guys. - It was ten comments. 1068 00:59:14,354 --> 00:59:16,690 There's always bad apples. And the moderators deleted it right away. 1069 00:59:16,690 --> 00:59:19,125 You're just gonna ride this thing till zero? 1070 00:59:19,125 --> 00:59:21,561 No. I'm buying call options. 1071 00:59:21,561 --> 00:59:25,980 - That could go to 600 by tomorrow. - Your kid is never getting braces. 1072 00:59:33,106 --> 00:59:35,241 There's 8 million people in there and they're all holding. 1073 00:59:35,241 --> 00:59:36,776 It's only going to go up. 1074 00:59:36,776 --> 00:59:38,311 It's a joke, Marcos. 1075 00:59:38,311 --> 00:59:40,380 But you're treating it like it's real life. 1076 00:59:41,247 --> 00:59:42,820 Pops. 1077 00:59:44,284 --> 00:59:45,118 Look. 1078 00:59:46,152 --> 00:59:47,870 This is real. 1079 00:59:47,620 --> 00:59:48,588 - Hold it. Look. - Hey. 1080 00:59:48,588 --> 00:59:49,556 Aw, man. 1081 00:59:51,224 --> 00:59:52,926 8 million people is real. 1082 00:59:52,926 --> 00:59:54,594 H-O-D-L. 1083 00:59:55,295 --> 00:59:58,765 8 million don't even know how to spell "hold." 1084 00:59:58,765 --> 00:59:59,699 It's a joke. 1085 00:59:59,699 --> 01:00:01,000 A corny joke. 1086 01:00:01,000 --> 01:00:02,100 It's not funny. 1087 01:00:06,239 --> 01:00:07,730 Mom, 1088 01:00:08,408 --> 01:00:09,442 look. 1089 01:00:09,442 --> 01:00:12,780 I got $175,000 in stock right now. 1090 01:00:12,780 --> 01:00:13,246 What? 1091 01:00:13,246 --> 01:00:16,160 Like serious money, like I could get you a house and get you up out of here, 1092 01:00:16,160 --> 01:00:17,283 kind of money. 1093 01:00:17,283 --> 01:00:18,451 Baby. 1094 01:00:18,451 --> 01:00:20,887 Where did you get the money to buy this? 1095 01:00:22,220 --> 01:00:24,824 I bought call options, for cheap. 1096 01:00:24,824 --> 01:00:25,792 And they hit. 1097 01:00:26,593 --> 01:00:27,927 So now you're gonna sell? 1098 01:00:27,927 --> 01:00:29,329 Nah. No, I buy more. 1099 01:00:30,163 --> 01:00:31,998 At this price!? 1100 01:00:31,998 --> 01:00:34,670 When they hit, I'm gonna buy you a mansion. 1101 01:00:34,670 --> 01:00:35,135 It's gonna be crazy. 1102 01:00:35,135 --> 01:00:37,937 My son, I don't need a mansion. 1103 01:00:41,608 --> 01:00:42,776 Be careful. 1104 01:00:43,276 --> 01:00:45,645 Don't get addicted to this, my son. 1105 01:00:45,645 --> 01:00:47,347 This can be like a drug. 1106 01:00:53,386 --> 01:00:58,158 Some breaking news right now on what has turned into the soap opera 1107 01:00:58,158 --> 01:01:02,495 and saga of the markets right now. And that is the story of GameStop. 1108 01:01:02,495 --> 01:01:05,298 A month ago today, it was trading at about 20 bucks per share. 1109 01:01:05,298 --> 01:01:07,467 Two days ago, it was under $80. 1110 01:01:07,467 --> 01:01:10,870 Today, nearly $350 a share. 1111 01:01:10,870 --> 01:01:14,941 The GameStop stock frenzy even now has the attention of the White House. 1112 01:01:14,941 --> 01:01:17,344 ...our economic team including Secretary Yellen and others 1113 01:01:17,344 --> 01:01:19,579 -are monitoring the situation. - You're witnessing 1114 01:01:19,579 --> 01:01:21,414 the French Revolution of finance. 1115 01:01:21,414 --> 01:01:22,849 There is a rebellion aspect to it. 1116 01:01:22,849 --> 01:01:24,951 There is an anti-establishment aspect to it. 1117 01:01:24,951 --> 01:01:26,319 I don't know if Wall Street's ever seen it 1118 01:01:26,319 --> 01:01:27,387 -like this before. - No. 1119 01:01:27,387 --> 01:01:28,722 -We never have. - It's generational. 1120 01:01:28,722 --> 01:01:30,423 It's like generational injustices. 1121 01:01:30,423 --> 01:01:33,893 This is like, little poor guys vs. rich guys. 1122 01:01:33,893 --> 01:01:36,796 And poor guys are winning right now. 1123 01:01:36,796 --> 01:01:39,332 ****ing hold! If you're new here and you're trying to make a profit, 1124 01:01:39,332 --> 01:01:41,167 -**** off! - Stop what you're doing, and listen up. 1125 01:01:41,167 --> 01:01:43,570 I own GameStop on Robinhood and I am not selling. 1126 01:01:43,570 --> 01:01:47,273 Hold. All you need to do is hold. Keep ****ing holding. 1127 01:01:47,273 --> 01:01:51,110 Soon the Tendieman comes to send our rocket to the sun. 1128 01:01:51,110 --> 01:01:54,247 See this right here is the human being who's largely responsible 1129 01:01:54,247 --> 01:01:56,149 for all this GameStop stuff. 1130 01:01:56,149 --> 01:02:02,522 Just a pure specimen. A God-like undefeatable creature. 1131 01:02:02,522 --> 01:02:06,159 This is what excellence looks like. 1132 01:02:06,159 --> 01:02:08,461 - I just like the stock. - Yesterday he posted this, 1133 01:02:08,461 --> 01:02:10,897 that he's in profit, wait for it... 1134 01:02:11,898 --> 01:02:14,434 47 million. 1135 01:02:15,769 --> 01:02:17,470 What the **** is happening? 1136 01:02:18,238 --> 01:02:19,639 What the ****? 1137 01:02:21,775 --> 01:02:23,209 Hey, did you try a different browser? 1138 01:02:23,209 --> 01:02:25,545 - I plugged the browser. - Shit, we're ****ed. 1139 01:02:26,713 --> 01:02:27,881 Bro, what the ****? 1140 01:02:27,881 --> 01:02:30,160 - What the ****, dude? - I told you this shit is rigged. 1141 01:02:31,418 --> 01:02:32,552 What the **** is going on? 1142 01:02:35,880 --> 01:02:36,289 I can't get it to load. 1143 01:02:42,762 --> 01:02:43,663 ****! 1144 01:02:47,967 --> 01:02:48,802 What? 1145 01:02:51,971 --> 01:02:53,773 They shut down Wall Street Bets. 1146 01:02:54,274 --> 01:02:57,277 - What? -"Hateful and discriminatory content." 1147 01:02:57,277 --> 01:02:58,978 That stuff has always been on there. 1148 01:03:04,484 --> 01:03:05,819 That's weird. 1149 01:03:05,819 --> 01:03:06,820 No? 1150 01:03:07,887 --> 01:03:11,224 I mean, it's like they're trying to stop people from talking to each other. 1151 01:03:18,531 --> 01:03:19,699 Babe, are you gonna get that? 1152 01:03:19,699 --> 01:03:20,633 Yes. 1153 01:03:23,670 --> 01:03:24,504 Hello? 1154 01:03:26,172 --> 01:03:29,142 Ah, yes, I am... 1155 01:03:29,642 --> 01:03:32,879 I am the Roaring Kitty and Deep F-ing Value. 1156 01:03:34,681 --> 01:03:38,118 Ah no, but nobody ever asked me. 1157 01:03:40,186 --> 01:03:41,521 Oh, okay. 1158 01:03:41,521 --> 01:03:44,324 Sir, I just want to say how grateful I am for this job 1159 01:03:44,324 --> 01:03:46,259 and how much it means to me and my family. 1160 01:03:46,259 --> 01:03:48,661 I would never let a hobby jeopardize... 1161 01:03:50,363 --> 01:03:52,332 Okay. I understand. 1162 01:03:58,304 --> 01:04:00,740 - Yeah? - It's MassMutual. They're... 1163 01:04:00,740 --> 01:04:04,177 getting calls from reporters "concerned" about my "outside activities." 1164 01:04:04,177 --> 01:04:06,460 Was all this against the rules? 1165 01:04:06,460 --> 01:04:08,982 I wasn't...? Maybe now it is... 1166 01:04:08,982 --> 01:04:09,883 Okay. 1167 01:04:12,919 --> 01:04:14,487 Well, what was that call? 1168 01:04:16,122 --> 01:04:17,557 - Keith? - It's okay. 1169 01:04:17,557 --> 01:04:18,758 What, are you going to lose your job? 1170 01:04:18,758 --> 01:04:19,693 - What? - It's fine. 1171 01:04:20,827 --> 01:04:22,662 - They gave me a choice. - Between what? 1172 01:04:22,662 --> 01:04:24,464 Between your job and Roaring Kitty? 1173 01:04:26,466 --> 01:04:28,301 Resign or I'm fired. 1174 01:04:28,301 --> 01:04:29,235 That's what he just said? 1175 01:04:30,603 --> 01:04:31,471 I got it. 1176 01:04:33,707 --> 01:04:35,750 **** it, Wall Street Bets is down, I can't see 1177 01:04:35,750 --> 01:04:36,710 - Roaring Kitty's balance sheet. - Oh ****. 1178 01:04:36,710 --> 01:04:37,944 I don't know what to do. 1179 01:04:38,478 --> 01:04:39,546 This could be the sell-off. 1180 01:04:39,546 --> 01:04:41,581 I really don't wanna do that. 1181 01:04:41,581 --> 01:04:44,751 Well, me neither. But you can't let it go to zero. 1182 01:04:45,618 --> 01:04:47,954 It's 150 grand. You need that money. 1183 01:04:47,954 --> 01:04:50,423 And nobody is gonna hold if they can't see what he's doing. 1184 01:04:53,159 --> 01:04:54,594 Close your eyes and count to three. 1185 01:04:55,328 --> 01:04:56,162 One. 1186 01:04:58,164 --> 01:04:59,650 - Two. - Two. 1187 01:05:00,266 --> 01:05:01,401 - Three. - Three. 1188 01:05:06,172 --> 01:05:06,973 Your phone's ringing. 1189 01:05:06,973 --> 01:05:09,209 This is the sound of the world. 1190 01:05:09,209 --> 01:05:10,910 Your phone is ringing! 1191 01:05:10,910 --> 01:05:15,480 Oh, Robinhood. Yeah. It's an app. 1192 01:05:15,615 --> 01:05:16,916 It's on the phone. 1193 01:05:16,916 --> 01:05:19,285 - Yeah, no, your phone is ringing. - Oh. 1194 01:05:20,353 --> 01:05:22,622 Yes... 1195 01:05:25,592 --> 01:05:27,427 Slow down, Norm, what did you say? 1196 01:05:27,927 --> 01:05:32,365 The NSCC just sent us a file, they want a deposit of 3 billion 1197 01:05:32,365 --> 01:05:34,670 to clear all the trades coming in. 1198 01:05:34,768 --> 01:05:36,690 Sorry. 1199 01:05:36,690 --> 01:05:37,137 Wait, who? 1200 01:05:37,137 --> 01:05:42,676 They're a subsidiary of the DTCC. And they're requesting 3 billion. 1201 01:05:42,676 --> 01:05:47,647 Ah... Okay. Sorry, it's a little loud in here. I thought you just said 3 billion. 1202 01:05:48,148 --> 01:05:49,215 I did! 1203 01:05:50,483 --> 01:05:53,219 - But we don't have 3 billion, Norm. - That's correct. 1204 01:05:53,219 --> 01:05:56,256 We've only ever raised 2 billion in the history of the company. 1205 01:05:57,123 --> 01:05:59,920 Holy ****! What if we don't pay? 1206 01:05:59,920 --> 01:06:00,560 They shut us down. 1207 01:06:01,494 --> 01:06:04,497 The IPO, like, everything... poof. 1208 01:06:04,497 --> 01:06:07,400 Gretchen, Dan and I are going to jump on a call with Citadel at 9. 1209 01:06:11,204 --> 01:06:14,274 Maybe this would be a good time for me to chat with Ken Griffin. 1210 01:06:14,274 --> 01:06:16,976 Sure. We'll mention that. 1211 01:06:18,578 --> 01:06:19,846 I can't sleep. 1212 01:06:19,846 --> 01:06:20,880 Me neither. 1213 01:06:21,414 --> 01:06:22,682 I just feel sick! 1214 01:06:23,683 --> 01:06:25,285 We'll buy it back first thing. 1215 01:06:27,120 --> 01:06:28,521 Please shut up. 1216 01:06:43,370 --> 01:06:44,838 What the ****. 1217 01:06:47,907 --> 01:06:49,420 Oh! What the ****! 1218 01:06:50,760 --> 01:06:52,178 - What the ****! - Okay, let me try. 1219 01:06:53,246 --> 01:06:54,647 Is it frozen? 1220 01:06:59,886 --> 01:07:01,688 They cut off the buy option. 1221 01:07:02,389 --> 01:07:03,923 What?! That's ****ing criminal. 1222 01:07:03,923 --> 01:07:05,225 I can't hear you, Baiju! 1223 01:07:05,225 --> 01:07:06,559 What the **** did you do? 1224 01:07:06,559 --> 01:07:08,328 - Calm down. - Me calm down? 1225 01:07:08,328 --> 01:07:09,896 You shut down trading on GameStop? 1226 01:07:09,896 --> 01:07:11,640 Not all trading. 1227 01:07:11,640 --> 01:07:12,232 Norm worked it out. 1228 01:07:12,232 --> 01:07:15,802 The DTCC agreed to lower the deposit to 700 million 1229 01:07:15,802 --> 01:07:17,937 if we shut off buying, and that's what I did. 1230 01:07:17,937 --> 01:07:20,600 The Depository Trade Commission? 1231 01:07:20,600 --> 01:07:22,242 They're like one degree away from Ken Griffin. 1232 01:07:22,242 --> 01:07:23,510 One more time, Baiju. 1233 01:07:24,544 --> 01:07:25,445 ...butt boys! 1234 01:07:27,480 --> 01:07:29,582 - What? - It's not going to be okay. 1235 01:07:29,582 --> 01:07:30,850 You need to fix this... 1236 01:07:30,850 --> 01:07:32,485 I know, it's okay. 1237 01:07:33,353 --> 01:07:34,754 I did fix it, Baiju. 1238 01:07:36,956 --> 01:07:39,693 We've been watching shares of GameStop all day long 1239 01:07:39,693 --> 01:07:43,363 after hitting a staggering high of $483. 1240 01:07:43,363 --> 01:07:46,299 The shares are now down to about 140. 1241 01:07:46,299 --> 01:07:49,269 Now, the best we can tell is the Robinhood app 1242 01:07:49,269 --> 01:07:53,907 that seems to have triggered what really has become a panic sell-off in this name. 1243 01:07:53,907 --> 01:07:58,545 And so if you're a retail investor or a Reddit user and you've held, 1244 01:07:58,545 --> 01:08:01,681 well, you are feeling some serious pain right now. 1245 01:08:02,515 --> 01:08:03,683 Oh God. 1246 01:08:05,118 --> 01:08:07,554 - ****. - Now the criticism centered on Robinhood 1247 01:08:07,554 --> 01:08:11,891 for abandoning their followers here in favor of helping those who had shorted 1248 01:08:11,891 --> 01:08:14,894 - all these stocks in the first place. - I don't particularly like the move 1249 01:08:14,894 --> 01:08:15,795 on Robinhood today. 1250 01:08:15,795 --> 01:08:17,697 I'm talking to people this morning that say, 1251 01:08:18,798 --> 01:08:23,503 There's been some controversy about Citadel and some vague accusations 1252 01:08:23,503 --> 01:08:26,673 that somehow Citadel may have been involved in Robinhood's decision, Wolf, 1253 01:08:26,673 --> 01:08:30,143 to stop or restrict trading in GameStop and other shorts... 1254 01:08:30,143 --> 01:08:31,177 Who is it from? 1255 01:08:31,177 --> 01:08:33,980 The Tendieman...? 1256 01:08:35,849 --> 01:08:36,750 Come back inside. 1257 01:08:36,750 --> 01:08:38,318 Diamond ****ing hands! 1258 01:08:40,487 --> 01:08:42,889 We all know how I feel about him. 1259 01:08:42,889 --> 01:08:44,657 I think he's a rat, a liar. 1260 01:08:44,657 --> 01:08:49,496 Okay, Vlad, you know everybody here who's watching us hates your guts, right? 1261 01:08:50,497 --> 01:08:54,000 Thank you, Dave, that's... what I hear. 1262 01:08:54,000 --> 01:08:57,904 But I'm a really big fan of your show and hopefully I can answer 1263 01:08:57,904 --> 01:09:00,600 - some of your questions. - Vlad, can you hear us? 1264 01:09:00,600 --> 01:09:03,430 - Vlad the stock impaler. - Yes, I'm here... Hi. 1265 01:09:03,430 --> 01:09:05,178 Spill the beans, man, what happened last week? 1266 01:09:05,178 --> 01:09:07,947 Why couldn't people buy GameStop shares? 1267 01:09:07,947 --> 01:09:09,883 The people demand an answer. 1268 01:09:09,883 --> 01:09:13,420 To give you some background, I'm chief executive of Robinhood... 1269 01:09:13,420 --> 01:09:14,754 - Robbing executive. - Yeah, we know that. 1270 01:09:14,754 --> 01:09:16,423 And I just want to say, 1271 01:09:16,423 --> 01:09:19,920 - we had no liquidity problem. - Well, did something maybe shady 1272 01:09:19,920 --> 01:09:20,927 go down here? Seems weird that you'd get a sudden 1273 01:09:20,927 --> 01:09:23,630 - 10 billion dollar demand... You know. - Three, 3 billion... 1274 01:09:23,630 --> 01:09:25,265 - Okay, but 3 billion just suddenly, - Yeah. 1275 01:09:25,265 --> 01:09:27,367 - out of nowhere and... - Well, I wouldn't impute 1276 01:09:27,367 --> 01:09:30,503 any shadiness to any of this... 1277 01:09:30,503 --> 01:09:35,208 I don't have the full context as to what was going on with the NSCC to, 1278 01:09:35,208 --> 01:09:38,244 to make these calculations. 1279 01:09:38,244 --> 01:09:40,714 To what degree are you beholden to Citadel? 1280 01:09:40,714 --> 01:09:43,950 I mean, like, basically, if Citadel is unhappy, then what happens? 1281 01:09:43,950 --> 01:09:47,120 - It was a hard temperance. - Is anyone holding you hostage right now? 1282 01:09:47,120 --> 01:09:48,555 - No. - There's just 1283 01:09:48,555 --> 01:09:51,858 no rational explanation on why they would do what they did 1284 01:09:51,858 --> 01:09:54,561 without outside pressure, interference. 1285 01:09:54,561 --> 01:09:57,230 And they basically cratered the stock on purpose. 1286 01:09:57,230 --> 01:10:00,266 So, I just don't believe anything that guy says. 1287 01:10:00,266 --> 01:10:02,635 I wanted to take a cold shower after seeing him say that. 1288 01:10:02,635 --> 01:10:05,305 Robinhood is facing lawsuits, we know that. 1289 01:10:05,305 --> 01:10:07,707 After halting trade, they are accused 1290 01:10:07,707 --> 01:10:09,876 -of rigging the market. - When the big guys, 1291 01:10:09,876 --> 01:10:13,113 including one of your main investors in your company started to lose, 1292 01:10:13,113 --> 01:10:15,782 you shut down the game to starve the little guy. 1293 01:10:15,782 --> 01:10:18,785 They're stealing from the poor and giving back to the rich. 1294 01:10:18,785 --> 01:10:22,155 They're robbing from the 'hood! Why? 1295 01:10:22,155 --> 01:10:25,191 -I want to be 100% clear, - All of you guys deserve to burn in hell. 1296 01:10:25,191 --> 01:10:26,593 - this decision to... - And go to jail. 1297 01:10:26,593 --> 01:10:27,727 restrict trade was not made on the direction 1298 01:10:27,727 --> 01:10:28,962 I'm just trying to get my mom out the 'hood. 1299 01:10:28,962 --> 01:10:31,765 - of Citadel or any market maker. - What the ****? **** you! 1300 01:10:31,765 --> 01:10:33,166 And your Mama Dukes, you mother****ing fraud. 1301 01:10:33,166 --> 01:10:34,100 **** this guy. 1302 01:10:34,968 --> 01:10:37,470 This guy is just an obfuscating piece of shit. 1303 01:10:37,470 --> 01:10:38,772 ****er. 1304 01:10:38,772 --> 01:10:41,107 There's only one man I wanna hear from right now. 1305 01:10:41,107 --> 01:10:43,743 And Wall Street Bets is down, so it's crickets. 1306 01:10:43,743 --> 01:10:45,311 It's crickets out here. 1307 01:10:46,179 --> 01:10:47,313 Say it with me. 1308 01:10:47,747 --> 01:10:49,282 - Mr. Gill! - Mr. Gill! 1309 01:10:50,830 --> 01:10:53,920 - Roaring Kitty, I ****ing love you! - Keith Gill! 1310 01:10:53,920 --> 01:10:55,689 - Keith Gill, please! - Okay. 1311 01:10:55,689 --> 01:10:58,825 - Please. - Oh, sorry, this is, like, my house... 1312 01:10:58,825 --> 01:11:00,393 - You want my autograph? - Yeah. 1313 01:11:01,294 --> 01:11:02,195 You've been served. 1314 01:11:05,265 --> 01:11:08,101 Hey, to the moon, baby! To the moon. 1315 01:11:08,101 --> 01:11:09,302 Holy shit. 1316 01:11:14,240 --> 01:11:18,780 Sorry to interrupt. We need to talk about the GameStop situation. 1317 01:11:18,780 --> 01:11:19,212 I thought Mecane was handling it. 1318 01:11:19,212 --> 01:11:22,282 So did we. But the committee's specifically requested you, sir. 1319 01:11:22,282 --> 01:11:24,484 If they want specifics, they can have Mecane. 1320 01:11:25,218 --> 01:11:27,120 It's not a choice, unfortunately. 1321 01:11:31,324 --> 01:11:32,592 Shitballs. 1322 01:11:35,462 --> 01:11:36,296 Keith? 1323 01:11:37,897 --> 01:11:40,967 - A congressional subpoena. - I never did anything illegal. 1324 01:11:40,967 --> 01:11:42,435 And I always had disclaimers... 1325 01:11:43,103 --> 01:11:44,738 Why would you have disclaimers if you weren't worried? 1326 01:11:45,839 --> 01:11:48,274 They're standard practice, Caroline, everyone has them. 1327 01:11:53,279 --> 01:11:54,114 Babe... 1328 01:11:57,650 --> 01:12:00,220 - the answer is not in your computer. - Whoa! 1329 01:12:00,820 --> 01:12:04,791 There's a dozen reporters on our lawn! You have to testify before Congress. 1330 01:12:05,458 --> 01:12:08,228 - The game has changed. - I know. I hear you. 1331 01:12:08,228 --> 01:12:09,629 I don't think you do. 1332 01:12:15,168 --> 01:12:16,603 Oh, my God. We're... 1333 01:12:18,138 --> 01:12:19,472 We're gonna go to my mother's. 1334 01:12:19,472 --> 01:12:21,641 No, she has terrible Wi-Fi. 1335 01:12:21,641 --> 01:12:23,677 I'm not talking about you. 1336 01:12:23,677 --> 01:12:25,545 I'm talking about me and her. 1337 01:12:26,312 --> 01:12:27,847 You need to figure this out. 1338 01:12:41,270 --> 01:12:42,896 - Where are you going? - To the track. 1339 01:12:42,896 --> 01:12:45,131 - You were just on the track. - I'm going again. 1340 01:12:55,742 --> 01:12:58,178 Hi. Can I interest you in some champagne or a mimosa? 1341 01:12:58,178 --> 01:13:00,480 - Is it free? - It is when you sit up here. 1342 01:13:00,480 --> 01:13:02,482 Well, there is a last time for everything. 1343 01:13:02,482 --> 01:13:03,983 Oh, you'll be back. 1344 01:13:03,983 --> 01:13:08,221 I had half a million in stocks last week, but Wall Street cheated. 1345 01:13:08,722 --> 01:13:09,889 Surprise, surprise. 1346 01:13:11,691 --> 01:13:12,926 I could have cashed out. 1347 01:13:14,600 --> 01:13:15,862 I could have paid my mortgage. 1348 01:13:15,862 --> 01:13:17,564 Could have gotten my kid braces. 1349 01:13:17,564 --> 01:13:18,498 Got a new car. 1350 01:13:18,498 --> 01:13:20,200 Honey, I'm gonna get you something stronger. 1351 01:13:20,200 --> 01:13:21,701 - Thank you. - You're welcome. 1352 01:13:27,841 --> 01:13:28,942 Meow! 1353 01:13:28,942 --> 01:13:30,760 Kitty! 1354 01:13:30,760 --> 01:13:32,779 You know you can't just eat other people's food. They do reviews, right? 1355 01:13:32,779 --> 01:13:33,847 Very funny. 1356 01:13:33,847 --> 01:13:34,748 Here. 1357 01:13:35,348 --> 01:13:36,616 What's this? 1358 01:13:36,616 --> 01:13:38,510 Look, they were on sale, all right, 1359 01:13:38,510 --> 01:13:41,154 - before you get all emotional and shit. - Holy shit, you ****ing softy. 1360 01:13:41,154 --> 01:13:43,356 Who put you up to this? Caro? Ma? 1361 01:13:43,356 --> 01:13:45,792 No, Dad called me in tears, said my big brother needed 1362 01:13:45,792 --> 01:13:48,610 - some moral support. - Ah, **** off. 1363 01:13:48,728 --> 01:13:50,263 - I can't. - C'mon, man. Will you at least try 'em on? 1364 01:13:50,263 --> 01:13:51,531 Please? 1365 01:13:51,531 --> 01:13:53,566 Try 'em. C'mon, you're the richest man in Brockton, 1366 01:13:53,566 --> 01:13:56,169 - you dress like an ***hole. - I lost 15 million yesterday. 1367 01:13:56,169 --> 01:13:59,105 - And another 15 the day before that. - You're still the richest man in Brockton, 1368 01:13:59,105 --> 01:14:00,507 like, by far. 1369 01:14:01,174 --> 01:14:04,978 Bro, you got rich dudes pissing in their pants right now. 1370 01:14:04,978 --> 01:14:07,781 I mean, c'mon, man, how many people from Brockton High can say that? 1371 01:14:07,781 --> 01:14:08,948 This has gone crazy, 1372 01:14:08,948 --> 01:14:11,785 I got reporters hounding me outside my house. 1373 01:14:11,785 --> 01:14:13,920 Yeah, man, me too. They're coming after you. 1374 01:14:15,522 --> 01:14:17,223 You didn't talk to them, did you? 1375 01:14:17,223 --> 01:14:20,560 What do I look like? I said no. I said give me 50 grand maybe. 1376 01:14:20,560 --> 01:14:21,628 Tell me you're kidding. 1377 01:14:21,628 --> 01:14:24,297 Well, if you give me 20, then maybe we wouldn't have to deal with this shit. 1378 01:14:24,297 --> 01:14:25,365 The **** is wrong with you!? 1379 01:14:25,365 --> 01:14:28,768 Kevin, I've just been subpoenaed by Congress, man. 1380 01:14:28,768 --> 01:14:30,437 I do not have time for your bullshit. 1381 01:14:30,437 --> 01:14:32,972 - Oh, come off it, man! - Seriously, ***hole. 1382 01:14:32,972 --> 01:14:34,941 - Chill! It was a joke! - ****! 1383 01:14:42,849 --> 01:14:43,717 I know. 1384 01:14:44,551 --> 01:14:45,418 Sorry. 1385 01:14:52,492 --> 01:14:54,661 We never used to fight this much. 1386 01:14:57,597 --> 01:14:59,566 - Sara. - I miss her. 1387 01:15:00,166 --> 01:15:01,340 Me too. 1388 01:15:01,634 --> 01:15:03,360 She kept your ego in check. 1389 01:15:03,737 --> 01:15:05,872 Whole ****in' world kept my ego in check. 1390 01:15:06,973 --> 01:15:09,609 What the **** are you gonna tell Congress, Keith? Huh? 1391 01:15:10,744 --> 01:15:12,779 Beg them not to send me to prison? 1392 01:15:15,150 --> 01:15:15,849 Hey... 1393 01:15:16,616 --> 01:15:20,754 Hey, do you remember back at Stonehill when they dared me to run that mile naked? 1394 01:15:21,221 --> 01:15:22,956 Yeah, there was a crazy storm that night. 1395 01:15:22,956 --> 01:15:24,657 - You dumb shit. - **** you, man. 1396 01:15:24,657 --> 01:15:27,600 That was dope, man. I'm a legend over there. 1397 01:15:27,600 --> 01:15:28,328 Everybody remembers that! 1398 01:15:28,328 --> 01:15:29,462 - Okay. - They do, man. 1399 01:15:29,462 --> 01:15:31,498 You don't think people remember your 4-minute 3-second mile? 1400 01:15:31,498 --> 01:15:33,466 Oh... what is this, a pep talk? 1401 01:15:33,466 --> 01:15:34,968 Mother****er, stop hiding. 1402 01:15:34,968 --> 01:15:38,505 Seriously. Okay, stop being all meek and shit and running away. 1403 01:15:39,339 --> 01:15:41,875 What, you want me to run through lightning with my **** out? 1404 01:15:41,875 --> 01:15:42,876 Yeah. 1405 01:15:42,876 --> 01:15:45,450 Please, exactly that. 1406 01:15:45,779 --> 01:15:48,480 Run through lightning with your **** out. **** it. 1407 01:15:56,256 --> 01:15:57,724 You didn't go to your mom's? 1408 01:15:59,659 --> 01:16:00,860 You took the car. 1409 01:16:02,629 --> 01:16:04,698 How was the run? Did it clear your head? 1410 01:16:05,498 --> 01:16:07,330 Kev found me, brought me these. 1411 01:16:08,268 --> 01:16:09,536 You guys talked? 1412 01:16:10,360 --> 01:16:12,806 Yup, he told me to run naked. 1413 01:16:13,273 --> 01:16:14,874 - You ran naked? - No. 1414 01:16:15,542 --> 01:16:19,450 It's a metaphor. He's saying I gotta take this thing head on. 1415 01:16:20,113 --> 01:16:20,947 Well... 1416 01:16:26,553 --> 01:16:28,121 I'd kinda like to see you run naked. 1417 01:16:31,858 --> 01:16:34,427 By the way, Wall Street Bets is back up. 1418 01:16:36,620 --> 01:16:37,430 The mother****er held. 1419 01:16:38,198 --> 01:16:42,569 Holy shit! He lost 30 million, and he still ****ing held. 1420 01:16:45,939 --> 01:16:47,674 - Robinhood's back up. - What? 1421 01:16:48,441 --> 01:16:50,877 - We gotta get back in. - Where's the stock at right now? 1422 01:16:51,611 --> 01:16:52,612 109. 1423 01:16:53,113 --> 01:16:54,147 Are you sure? 1424 01:16:54,681 --> 01:16:57,417 That's like all of the money that we made back into the stock. 1425 01:17:01,287 --> 01:17:03,790 Yeah. We can't let them get away with this. 1426 01:17:05,892 --> 01:17:06,726 **** 'em. 1427 01:17:07,293 --> 01:17:08,528 If he's in, I'm in. 1428 01:17:09,396 --> 01:17:10,597 If he's in, I'm in. 1429 01:17:14,100 --> 01:17:15,101 Okay. 1430 01:17:16,770 --> 01:17:17,737 ****! 1431 01:17:23,777 --> 01:17:28,415 The frenzy continues with retail investors bidding back up GameStop. 1432 01:17:28,415 --> 01:17:30,517 - Meme stock mania is back. - ...up more than 80% 1433 01:17:30,517 --> 01:17:33,119 as those message board traders simply sent it higher. 1434 01:17:33,119 --> 01:17:34,788 Stock volatility continuing, 1435 01:17:34,788 --> 01:17:37,657 it looks like this morning once again GameStop are involved in 1436 01:17:37,657 --> 01:17:41,940 an ongoing battle between retail investors and short sellers. 1437 01:17:41,940 --> 01:17:42,629 We're gonna have a lot more on this story. 1438 01:17:42,629 --> 01:17:43,997 CEOs of Robinhood, Reddit, Citadel 1439 01:17:43,997 --> 01:17:45,732 and Melvin Capital. 1440 01:17:45,732 --> 01:17:49,135 Along with Keith Gill, better known as Roaring Kitty 1441 01:17:49,135 --> 01:17:52,505 on social media, will be in the hot seat. 1442 01:17:56,976 --> 01:18:00,800 I'm here testifying today far removed from my background. 1443 01:18:00,800 --> 01:18:03,149 I grew up in a middle-class family in Portland, Maine. 1444 01:18:03,149 --> 01:18:04,818 My dad was a grocery store executive. 1445 01:18:04,818 --> 01:18:06,286 Maybe leave that part out. 1446 01:18:07,620 --> 01:18:08,688 The part about my dad? 1447 01:18:08,688 --> 01:18:09,823 The executive part. 1448 01:18:09,823 --> 01:18:11,391 Okay... okay. 1449 01:18:14,761 --> 01:18:19,199 I went to a public high school. I studied hard and got into Northwestern. 1450 01:18:19,199 --> 01:18:21,301 - Just say "a good college." - Upon... 1451 01:18:21,301 --> 01:18:22,869 I can't say I went to Northwestern? 1452 01:18:22,869 --> 01:18:24,771 - Too elite. - Northwestern's too... 1453 01:18:25,405 --> 01:18:26,239 All right. 1454 01:18:30,243 --> 01:18:34,848 Upon graduation, I did not have a job. Today, I'm married with four children. 1455 01:18:34,848 --> 01:18:37,117 Gabe, where do you plan on doing your testimony? 1456 01:18:39,486 --> 01:18:42,222 - Here. - In front of your wine collection? 1457 01:18:44,257 --> 01:18:47,427 I mean, this is... I don't have that big of a wine collection honestly. 1458 01:18:47,427 --> 01:18:48,495 Yeah, it's huge. 1459 01:18:48,495 --> 01:18:50,397 Digital risks seem to be overblown. 1460 01:18:50,397 --> 01:18:52,899 Two, the negative sentiment is overdone. 1461 01:18:52,899 --> 01:18:56,703 - Three, the value... - Maybe... here would be nice. 1462 01:19:00,600 --> 01:19:02,800 - Too many windows. - Too many windows... Oh. 1463 01:19:02,800 --> 01:19:03,176 It's very bright. 1464 01:19:03,176 --> 01:19:06,346 - Yeah, ocean front's not a great idea. - It's blue. 1465 01:19:06,346 --> 01:19:08,882 Yeah. Okay, I hadn't thought of that. That... 1466 01:19:08,882 --> 01:19:10,450 Yeah, downstairs there's more... 1467 01:19:10,450 --> 01:19:11,718 - there's probably darker rooms. - What a bandit. 1468 01:19:11,718 --> 01:19:14,821 Most of you know this guy, who is the Roaring Kitty character, 1469 01:19:14,821 --> 01:19:16,256 - who was really pushing it. - Holy shit. 1470 01:19:16,256 --> 01:19:18,291 - You know, voicing the information. - Yo, Riri, our boy's on the news. 1471 01:19:18,291 --> 01:19:20,226 And what's the potentially systemic risk? 1472 01:19:20,226 --> 01:19:22,562 Those relationships in D.C. are strong. 1473 01:19:22,562 --> 01:19:26,700 The guys who run those hedge funds are the guys who fund presidential campaigns. 1474 01:19:26,700 --> 01:19:28,635 - You know Roaring Kitties don't have - That's a good point. 1475 01:19:28,635 --> 01:19:30,700 - that kind of influence, - Gill is now being sued 1476 01:19:30,700 --> 01:19:31,171 - but the hedge fund managers do. - for securities fraud 1477 01:19:31,171 --> 01:19:33,473 over his alleged role in the GameStop rally. 1478 01:19:33,473 --> 01:19:36,376 Is Mr. Gill likely to appear, and if he appears, 1479 01:19:36,376 --> 01:19:40,547 is he likely to talk if he faces the potential of prosecution? 1480 01:19:40,547 --> 01:19:45,552 Fundamentals are based on three things: One, digital risks are overblown. 1481 01:19:45,552 --> 01:19:47,454 Two, the negative sentiment is overdone. 1482 01:19:47,454 --> 01:19:48,655 And three... 1483 01:19:52,392 --> 01:19:53,226 ****. 1484 01:19:53,226 --> 01:19:55,428 - Ah, c'mon, shut up. - I know all this. 1485 01:19:56,930 --> 01:19:59,366 You guys, you guys, stop. Stop, let's keep going. 1486 01:19:59,366 --> 01:20:01,368 - All right, let's go again. - You're right, this is serious. 1487 01:20:01,368 --> 01:20:02,802 You can go to jail forever. 1488 01:20:02,802 --> 01:20:04,437 - A long time. Long, long time. - All right. You ready? 1489 01:20:04,437 --> 01:20:06,406 You ready here we go. Back in the game. 1490 01:20:06,406 --> 01:20:08,975 Mr. Gill. Mr. Gill, may I call you Mr. Gill, sir? 1491 01:20:08,975 --> 01:20:11,111 - It's my name. - Why the **** wouldn't you be able 1492 01:20:11,111 --> 01:20:12,445 - to call him Mr. Gill? - What were your intentions 1493 01:20:12,445 --> 01:20:15,648 with the YouTube videos and your social media posts on GameStop? 1494 01:20:15,648 --> 01:20:17,250 - Yes. - Thank you, congresswoman. 1495 01:20:17,250 --> 01:20:18,151 You're welcome. 1496 01:20:18,151 --> 01:20:20,754 I developed a theory that the company was undervalued 1497 01:20:20,754 --> 01:20:22,655 despite the significant short interest. 1498 01:20:22,655 --> 01:20:24,657 Oh, so you were aware of the short interest. 1499 01:20:24,657 --> 01:20:26,590 It is public knowledge. 1500 01:20:26,590 --> 01:20:27,260 You can see it in the SEC filings. 1501 01:20:27,260 --> 01:20:28,995 And your goal was to break these shorts, yes? 1502 01:20:28,995 --> 01:20:33,233 To rally an online mob to artificially push the price of GameStop soaring, 1503 01:20:33,233 --> 01:20:36,603 ah, "to the moon" as they say, isn't that correct, Mr. Gill? 1504 01:20:36,603 --> 01:20:37,771 Objection, objection, 1505 01:20:37,771 --> 01:20:38,872 - you're leading the witness. - Kev... 1506 01:20:38,872 --> 01:20:41,740 - Witness. - I yield my time to the chair. 1507 01:20:41,740 --> 01:20:42,676 You were hoping for the short squeeze, 1508 01:20:42,676 --> 01:20:44,477 - weren't you, Mr. Gill? - You short squeezing *******. 1509 01:20:44,477 --> 01:20:46,246 The short squeeze was a marginal 1510 01:20:46,246 --> 01:20:47,714 - point of the thesis. - Then why did you talk about it 1511 01:20:47,714 --> 01:20:49,416 - in your videos all the time? - You did talk about it in your videos. 1512 01:20:49,416 --> 01:20:50,550 You talked about it a lot. 1513 01:20:50,550 --> 01:20:52,118 - You remember about the squeeze. - Exactly. 1514 01:20:52,118 --> 01:20:53,319 You were like "It's just a little squeeze." 1515 01:20:53,319 --> 01:20:54,320 Exactly. 1516 01:20:54,320 --> 01:20:56,856 Are you really asking us to believe that you weren't a leader 1517 01:20:56,856 --> 01:20:59,920 - to all these retail traders? - You're ****ed, buddy. 1518 01:20:59,920 --> 01:21:01,261 - My point of view... - Asking. Yes or no? 1519 01:21:01,261 --> 01:21:02,729 - Yes or no? - Yes. So yes. 1520 01:21:02,729 --> 01:21:03,963 - Yes or no? - You are admitting it. Yes. 1521 01:21:03,963 --> 01:21:05,365 Remember you with a cheap bottle of champagne. 1522 01:21:05,365 --> 01:21:06,566 At any moment... Kevin! 1523 01:21:06,566 --> 01:21:07,634 - Kevin! - Dunking tendies like a ****ing-- 1524 01:21:07,634 --> 01:21:08,535 What? 1525 01:21:09,836 --> 01:21:12,205 I'm running with my **** out. 1526 01:21:13,306 --> 01:21:14,674 Okay, why don't you just say that? 1527 01:21:14,674 --> 01:21:16,420 Okay, I'll stop. 1528 01:21:16,843 --> 01:21:21,715 All right. Mr. Gill, what exactly about the fundamentals 1529 01:21:21,715 --> 01:21:25,180 - led you to build this bull case? - What the ****'s with the voice? 1530 01:21:25,180 --> 01:21:27,354 I don't know, I was trying to do AOC, but it was flat. 1531 01:21:27,354 --> 01:21:28,655 I don't even think she's on the panel. 1532 01:21:28,655 --> 01:21:29,856 You shut the **** up, Briggsy. 1533 01:21:29,856 --> 01:21:31,224 - I'll slap the shit out of you. - Is she on that panel? 1534 01:21:31,224 --> 01:21:32,158 - I swear to God. - You're gonna slap me? 1535 01:21:32,158 --> 01:21:33,526 - Yeah, let's go. - You ready to go? 1536 01:21:33,526 --> 01:21:36,162 - Let's go. - I've been waiting for this, dog. 1537 01:21:53,613 --> 01:21:54,481 Come here. 1538 01:22:03,223 --> 01:22:05,191 You're gonna be great. 1539 01:22:06,426 --> 01:22:09,162 If it goes bad, it's gonna be real bad. 1540 01:22:09,162 --> 01:22:10,930 Well, don't let it go bad. 1541 01:22:10,930 --> 01:22:15,201 This hearing will be first in a series of hearings by the committee 1542 01:22:15,201 --> 01:22:20,273 to examine the recent market volatility involving GameStop. 1543 01:22:20,273 --> 01:22:24,878 I want to know how each of the witnesses here today 1544 01:22:24,878 --> 01:22:27,470 - contributed to the historic... - Gabe, can you sit up? 1545 01:22:27,470 --> 01:22:30,216 trading events in January. 1546 01:22:30,750 --> 01:22:32,986 This recent market volatility 1547 01:22:32,986 --> 01:22:37,590 has put a national spotlight on institutional practices 1548 01:22:37,590 --> 01:22:39,259 by Wall Street firms. 1549 01:22:39,259 --> 01:22:42,929 And they have demonstrated the enormous potential power 1550 01:22:42,929 --> 01:22:45,632 of social media in our markets. 1551 01:22:46,232 --> 01:22:49,769 We will hear firsthand from the witnesses regarding these events. 1552 01:22:50,403 --> 01:22:54,574 The hearing will be an opportunity for this committee to get the facts 1553 01:22:54,574 --> 01:22:57,811 about the role each of the witnesses represent, 1554 01:22:57,811 --> 01:23:01,448 played in the events we are examining today. 1555 01:23:01,448 --> 01:23:03,917 Well, now, Mr. Griffin, if I could just ask you this first question. 1556 01:23:03,917 --> 01:23:04,818 Of course. 1557 01:23:04,818 --> 01:23:06,986 How many people are in the room with you? 1558 01:23:07,921 --> 01:23:08,922 That's your question? 1559 01:23:08,922 --> 01:23:10,990 If you can just count how many people are in the room with you. 1560 01:23:15,628 --> 01:23:19,132 There are five people, including myself, in this room. 1561 01:23:19,132 --> 01:23:20,800 - Did anyone in your organization... - Such a prick. 1562 01:23:20,800 --> 01:23:23,200 since January 1st, contact Robinhood? 1563 01:23:23,200 --> 01:23:27,841 We of course talk to Robinhood routinely in the ordinary course of business. 1564 01:23:27,841 --> 01:23:29,609 We manage a substantial portion of their order flow. 1565 01:23:29,609 --> 01:23:32,579 But did you talk to them about restricting 1566 01:23:32,579 --> 01:23:36,783 or doing anything to prevent people from buying GameStop? 1567 01:23:36,783 --> 01:23:39,586 I want to be perfectly clear. 1568 01:23:39,586 --> 01:23:43,289 We had no role in Robinhood's decision 1569 01:23:43,289 --> 01:23:45,525 - to limit trading in GameStop. - **** you, Ken Griffin. 1570 01:23:45,525 --> 01:23:49,429 So, if we depose everyone in your organization, we would find that? 1571 01:23:50,630 --> 01:23:50,997 That is correct. 1572 01:23:50,997 --> 01:23:53,633 Looks like a Disney Channel villain. 1573 01:23:53,633 --> 01:23:58,204 Mr. Plotkin, do you believe that there is manipulation, distrust, 1574 01:23:58,204 --> 01:24:01,141 and overall inequality within American finance? 1575 01:24:01,141 --> 01:24:03,309 My focus is on my company, Melvin... 1576 01:24:05,450 --> 01:24:06,146 Hello? 1577 01:24:06,146 --> 01:24:07,847 You're on mute, ****! 1578 01:24:07,847 --> 01:24:09,482 Ah, I'm sorry, you're on mute. 1579 01:24:13,687 --> 01:24:15,355 He just keeps going. 1580 01:24:15,355 --> 01:24:17,190 ...my area of expertise. 1581 01:24:17,190 --> 01:24:20,927 You're still on mute. I haven't been able to hear a word you said, unfortunately. 1582 01:24:20,927 --> 01:24:22,829 Mr. Tenev, would you be willing to commit today 1583 01:24:22,829 --> 01:24:25,498 - to voluntarily pass on the proceeds... - Oh. Marry me. 1584 01:24:25,498 --> 01:24:28,268 of the payment for order flow to Robinhood customers? 1585 01:24:28,268 --> 01:24:30,837 Congresswoman, I appreciate that question. 1586 01:24:30,837 --> 01:24:35,410 When the statement you refer to was made, it was before Robinhood forced 1587 01:24:35,410 --> 01:24:37,430 the entire industry to drop 1588 01:24:37,430 --> 01:24:38,745 - commissions and replicate our... - I should take that as a no. 1589 01:24:38,745 --> 01:24:41,581 You're not willing to pass on the proceeds of payment for order flow 1590 01:24:41,581 --> 01:24:42,549 to your customers? 1591 01:24:42,549 --> 01:24:45,251 - When the other brokers drop... - I'm just talking about today. 1592 01:24:45,251 --> 01:24:46,486 - ***hole. - I don't want to be rude. 1593 01:24:46,486 --> 01:24:47,854 I just have limited time, 1594 01:24:47,854 --> 01:24:51,858 but if removing the revenues that you make from a payment for order flow 1595 01:24:51,858 --> 01:24:55,362 would cause the removal of free commissions, 1596 01:24:55,362 --> 01:24:57,130 doesn't that mean that trading on Robinhood 1597 01:24:57,130 --> 01:24:59,990 isn't actually free to begin with? 1598 01:24:59,990 --> 01:25:00,500 Good question. 1599 01:25:07,107 --> 01:25:09,376 Thank you very much, Mr. Gill. 1600 01:25:09,376 --> 01:25:13,980 You are now recognized for five minutes to present your oral testimony. 1601 01:25:25,925 --> 01:25:28,395 Thank you, members of the committee. 1602 01:25:30,930 --> 01:25:34,234 I am happy to discuss my purchase of GameStop shares 1603 01:25:34,801 --> 01:25:38,171 and my discussions of their fair value on social media. 1604 01:25:39,390 --> 01:25:40,640 But before I do that, 1605 01:25:40,640 --> 01:25:42,575 a few things I am not: 1606 01:25:44,344 --> 01:25:45,578 I am not a cat. 1607 01:25:47,113 --> 01:25:49,349 - What did he say? - He just said cat, Ma. 1608 01:25:49,349 --> 01:25:51,618 - It's like a kitty thing. - Nor am I a hedge fund. 1609 01:25:51,618 --> 01:25:53,860 I do not have clients, 1610 01:25:53,860 --> 01:25:58,425 and I do not provide personalized investment advice for fees or commissions. 1611 01:25:58,425 --> 01:26:00,493 I grew up in Brockton, Mass. 1612 01:26:01,261 --> 01:26:03,129 My family was not wealthy. 1613 01:26:03,129 --> 01:26:06,466 My father was a truck driver and my mom a registered nurse. 1614 01:26:06,466 --> 01:26:08,668 - That's you, Ma! - I was one of three kids 1615 01:26:08,668 --> 01:26:11,738 and the first in my family to earn a four-year college degree 1616 01:26:11,738 --> 01:26:15,942 when I graduated from Stonehill College in 2009. 1617 01:26:15,942 --> 01:26:18,780 That was not a good time to be looking for a job. 1618 01:26:18,780 --> 01:26:20,547 From 2010-2017, 1619 01:26:20,547 --> 01:26:24,170 there were significant periods when I was unemployed. 1620 01:26:24,170 --> 01:26:26,386 I took an interest in the stock market, 1621 01:26:26,386 --> 01:26:28,688 and even though I had very little money, 1622 01:26:28,688 --> 01:26:32,926 I used those times to educate myself and learn more about investing. 1623 01:26:32,926 --> 01:26:36,863 Mr. Gill, I find it hard to believe that you predicted everything 1624 01:26:36,863 --> 01:26:40,533 that happened to GameStop with no inside information. 1625 01:26:40,533 --> 01:26:42,302 I didn't predict it. 1626 01:26:42,302 --> 01:26:45,672 I honestly couldn't explain everything that happened in January. 1627 01:26:45,672 --> 01:26:46,806 I've seen your videos. 1628 01:26:46,806 --> 01:26:50,143 You honestly couldn't recount to the committee what caused 1629 01:26:50,143 --> 01:26:54,114 every single up and down of the stock in January? 1630 01:26:54,681 --> 01:26:55,815 I think you could. 1631 01:26:57,150 --> 01:27:00,520 I did follow the stock very closely, 1632 01:27:00,520 --> 01:27:04,157 but threshold lists, order flows, halting purchases, according to the press, 1633 01:27:04,157 --> 01:27:06,126 these all had a material impact on the stock. 1634 01:27:06,126 --> 01:27:08,795 Here's the thing: I have a bit of experience with this stuff, 1635 01:27:08,795 --> 01:27:10,797 and even I barely understand these matters. 1636 01:27:10,797 --> 01:27:14,667 It's alarming how little we all know about the inner workings of the market. 1637 01:27:14,667 --> 01:27:17,370 Which is why I'm glad that this committee is examining what happened, 1638 01:27:17,370 --> 01:27:20,173 particularly with the exorbitant short interest 1639 01:27:20,173 --> 01:27:23,430 as well as any potentially manipulative shorting practices 1640 01:27:23,430 --> 01:27:27,280 and brokers' reported failures to timely deliver shares and settle trades. 1641 01:27:30,583 --> 01:27:32,819 A lot of people feel the system is broken. 1642 01:27:32,819 --> 01:27:36,890 The whole idea of the stock market is to be, like, kind of a fair playing field, 1643 01:27:36,890 --> 01:27:40,727 where if you're smart, maybe with a little luck, you could make your fortune. 1644 01:27:41,594 --> 01:27:43,930 But, if it ever was that, it's certainly not any more. 1645 01:27:45,310 --> 01:27:48,368 The big firms have such a big advantage, in terms of technology and information 1646 01:27:48,368 --> 01:27:51,705 and just sheer wealth, there's no hope for the little guy anymore. 1647 01:27:52,439 --> 01:27:54,307 Or there was no hope. 1648 01:27:55,750 --> 01:27:57,110 Maybe now, there is. 1649 01:27:59,279 --> 01:28:00,747 And as for me, 1650 01:28:01,448 --> 01:28:02,615 I like the stock. 1651 01:28:03,717 --> 01:28:06,860 He's a gangster for that. 1652 01:28:06,860 --> 01:28:07,787 I don't plan on selling any time soon. 1653 01:28:07,787 --> 01:28:09,489 - Hold it. - Say that shit. 1654 01:28:09,489 --> 01:28:10,557 Diamond ****ing hands. 1655 01:28:10,557 --> 01:28:11,558 Diamond hands, baby. 1656 01:28:12,659 --> 01:28:14,227 Attaboy. 1657 01:28:14,227 --> 01:28:15,595 What a nerd. 1658 01:28:16,229 --> 01:28:17,630 Thank you. 1659 01:28:24,804 --> 01:28:27,240 It was good. I think. 1660 01:28:28,408 --> 01:28:31,411 Yesterday's Reddit hearing in Congress brought together 1661 01:28:31,411 --> 01:28:32,746 some of the power players 1662 01:28:32,746 --> 01:28:34,280 behind the January trading frenzy. 1663 01:28:34,280 --> 01:28:35,915 Representative Maxine Waters did say that 1664 01:28:35,915 --> 01:28:37,917 - there will be additional hearings - What you got here involves people... 1665 01:28:37,917 --> 01:28:40,153 - and there will be two more to follow - named you know, DFV and Roaring Kitty... 1666 01:28:40,153 --> 01:28:42,255 - to find more answers - same guy by the way, and ultimately... 1667 01:28:42,255 --> 01:28:43,156 one market expert advocate... 1668 01:28:43,156 --> 01:28:44,657 Whether it's markets or social media, 1669 01:28:44,657 --> 01:28:46,760 or I'll just call it media because that's what it is now. 1670 01:28:46,760 --> 01:28:48,661 Do you think any new regulation gets done? 1671 01:28:48,661 --> 01:28:50,830 What's clear is that we're in the Wild West 1672 01:28:50,830 --> 01:28:54,000 and that there is so much activity that's going on, on these online forums. 1673 01:28:54,000 --> 01:28:57,303 And we've seen in the last month and the last six weeks how much force 1674 01:28:57,303 --> 01:29:00,940 day traders en masse can bring to the market and actually affect it. 1675 01:29:00,940 --> 01:29:02,676 They used to just make some noise around the edges. 1676 01:29:02,676 --> 01:29:05,478 Now they can actually move markets, move securities. 1677 01:29:37,277 --> 01:29:38,378 Cheers, everyone. 1678 01:29:54,894 --> 01:29:56,463 You're a ****ing gangster. 1679 01:30:16,820 --> 01:30:18,418 Hey, man, I notice you've been selling a lot of new games, 1680 01:30:18,418 --> 01:30:21,888 and I just wanted to remind you, again, that we really wanna be pushing customers 1681 01:30:21,888 --> 01:30:24,491 towards the higher-margin pre-owned games. 1682 01:30:25,525 --> 01:30:27,494 Yeah, I'm not gonna do that. 1683 01:30:27,494 --> 01:30:28,428 Excuse me? 1684 01:30:28,428 --> 01:30:31,970 Oh, and in fact, I'm not gonna do any of the Circle of Life bullshit. 1685 01:30:31,970 --> 01:30:32,565 Or your TikTok dance contest. 1686 01:30:32,565 --> 01:30:33,633 You're quitting, then. 1687 01:30:35,602 --> 01:30:36,603 Okay. 1688 01:30:36,603 --> 01:30:38,438 No, I mean, I thought about it, but... 1689 01:30:39,439 --> 01:30:41,241 Like, yo, I love it here. 1690 01:30:41,241 --> 01:30:42,976 So I think I'm gonna stay. 1691 01:30:42,976 --> 01:30:46,546 Well, you're awfully smug for a kid who lost all his money buying stock. 1692 01:30:47,470 --> 01:30:49,449 What did you say it was going to? A thousand? 1693 01:30:50,717 --> 01:30:53,219 I'm also not gonna work at the *** crack of dawn any more. 1694 01:30:54,354 --> 01:30:55,221 You're fired. 1695 01:30:57,123 --> 01:30:58,391 No, I'm not. 1696 01:30:58,391 --> 01:31:01,194 You gotta get that approved by like seven levels of people, yo. 1697 01:31:01,695 --> 01:31:04,230 Thanks to the geniuses who put that together. 1698 01:31:04,230 --> 01:31:06,266 The ones who used to own my ***. 1699 01:31:06,766 --> 01:31:07,767 You sold? 1700 01:31:09,690 --> 01:31:09,903 Half. 1701 01:31:11,237 --> 01:31:13,173 Right at the tippy tippy top. 1702 01:31:13,173 --> 01:31:16,900 And I'm holding the other half for the long haul. 1703 01:31:16,900 --> 01:31:17,844 'Cause I'm a savage 1704 01:31:18,378 --> 01:31:20,947 Classy, bougie, ratchet 1705 01:31:21,481 --> 01:31:24,317 Sassy, moody, nasty 1706 01:31:24,317 --> 01:31:26,986 Acting stupid what was happening 1707 01:32:05,392 --> 01:32:06,626 **** yeah! 1708 01:32:07,160 --> 01:32:09,929 I'm here testifying today far removed from my background. 1709 01:32:09,929 --> 01:32:12,232 I grew up in a middle-class family in Portland, Maine. 1710 01:32:12,232 --> 01:32:13,900 I went to a public high school. 1711 01:32:13,900 --> 01:32:16,302 I studied hard and got into a good college. 1712 01:32:16,302 --> 01:32:18,838 Upon graduation, I did not have a job. 1713 01:32:22,800 --> 01:32:27,914 When the statement you refer to was made, I believe 2015 or 2016, 1714 01:32:27,914 --> 01:32:30,984 it was before Robinhood forced the entire industry 1715 01:32:30,984 --> 01:32:33,753 - to drop commissions and replicate our... - I should take that as a no. 1716 01:32:33,753 --> 01:32:36,656 You're not willing to pass on the proceeds of payment for order flow 1717 01:32:36,656 --> 01:32:37,857 to your customers? 1718 01:32:46,966 --> 01:32:52,272 But did you talk to them about restricting or doing anything to prevent people 1719 01:32:52,272 --> 01:32:55,675 from buying, not selling but buying, in GameStop? 1720 01:32:55,675 --> 01:32:57,811 Let me be perfectly clear. 1721 01:32:58,578 --> 01:33:00,847 Absolutely not. 1722 01:33:25,672 --> 01:33:27,807 As for me, I like the stock. 1723 01:33:30,543 --> 01:33:32,120 Hurry up, ****, it's cold. 1724 01:33:32,879 --> 01:33:34,547 I can't believe you're my brother. 1725 01:33:34,547 --> 01:33:35,982 You look like a ****ing Ninja Turtle. 1726 01:33:35,982 --> 01:33:37,684 - Ready? - Yup.