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

Follow the crew:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow the pod:

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Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/MikeSylvan

Referenced in the show:

David Sacks on Bloomberg

https://www.youtube.com/watch?v=K2lJg4sxl2U

Chamath for Governor

https://www.chamathforca.com

DeepFuckingValue's Reddit page

https://www.reddit.com/user/DeepFuckingValue

Show Notes:

0:26 Besties intro

2:11 Chamath breaks down the entire WallStreetBets/GameStop saga

15:38Jason responds, debating Robinhood's liquidity crisis, Citadel's potential involvement & more

39:18How can this be prevented in the future? Restructuring capital gains tax, censorship, where Robinhood can go from here

53:02Major learnings from this week's events, risks of decentralization, do stocks need to be reflexive of the underlying business? GameStop's endgame

1:15:01Chamath for Governor of California, Friedberg on leaders vs. managers & the problem with career politicians