2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

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

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Game Stop Short Interest

Game stop loyalty programmes have 55 million users. They have a strong balance sheet. Riand coan just bought a stake, and the shorts were under water and would be forced to cover if the stock ran up. He predicted the convergence of all these factors would lead to a big squeeze. Game stop puts what does that mean that they are synthetically shorting the stock by buying the right to sell it at a different price in the future? The company needs to evolve into a technology company that delights gamers and delivers exceptional digital experiences.

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