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E22: Reflecting on the Robinhood situation with Bestie Guestie Vlad Tenev
All-In with Chamath, Jason, Sacks & Friedberg
The Direct Listing Is the New Model for Retail
I think robin hood wanted to do the right thing. I don't think they had any reason to want to freeze their own usurs out of their accounts. The direct listing is the new model for this. That totally democratize access to the shares. Crakes fair and transparent pricing for everyone. And so you don't end up with these, like, discounted shares that pop 80 % on day one.
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