All-In with Chamath, Jason, Sacks & Friedberg E38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
Jul 3, 2021
The hosts dive into a lively Twitter feud, mixing humor with personal tensions. They tackle Robinhood's hefty FINRA fine and its implications for IPO strategies. The conversation shifts to the Delta variant, sparking debate over public health messaging and children's mask use. They also analyze political dynamics ahead of upcoming elections and the challenges facing big tech in legal battles. Plus, a discussion on the controversial suspension of athlete Sha'Carri Richardson adds another layer to their exploration of accountability and fairness in sports.
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Bestie Brawl
- Jason Calacanis publicly blocked David Sacks on Twitter after Sacks criticized his moderation style.
- This escalated into a public feud, raising questions about the podcast's future.
Robinhood's Fine
- Robinhood's $70 million FINRA fine is the largest of its kind, but the company likely considers it a cost of doing business.
- They are now expected to IPO at a high valuation, making the fine less impactful.
IPO Distribution
- Seasoned GPs advise distributing IPO shares immediately rather than trying to time the market.
- This secures the win and allows focus to shift to the next fund.