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

All-In with Chamath, Jason, Sacks & Friedberg

DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market

Jun 7, 2024

01:25:26

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Guest Keith Gill aka Roaring Kitty resurfaces with a disclosed nine-figure GameStop position. Discussion on DOJ targeting Nvidia, OpenAI, and Microsoft. Citadel, BlackRock back TXSE. Apple to announce OpenAI iPhone deal. Science on alarming ocean temps and hurricane forecasts.

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Social media influencers like Keith Gill can significantly impact stock volatility through memes and online activity.

Regulating social media-driven stock trading poses challenges in distinguishing market manipulation from legitimate disclosure.

GameStop's astronomical valuation, despite declining financial performance, prompts discussions on short selling transparency and synthetic leverage risks.

Deep dives

Deciphering GameStop and Social Media Hype

Hype surrounding GameStop fueled by online chatter and social media influencers like Keith Gill contributes to stock volatility. Gill's disclosure of his large position in GameStop via memes sparked renewed interest and caused the stock to triple, highlighting the impact of social media on trading behavior.

Purpose of the Stock Market

Premature Investigation in Nascent AI Industry

The Cost of Industrial Progress

Understanding the Impact of Globalization on Different Sectors of Society

1.

Intro

2min

2.

Tech expert's controversial statements and the impact of political polarization

15min

3.

Regulation and Antitrust Investigations in the AI Industry

17min

4.

Implications of Social Media Posts on Meme Stocks

12min

5.

Social Betting Phenomenon with Instagram Blackjack Syndicate

8min

6.

Discussion on Short Selling, Synthetic Instruments, and the Need for Disclosure

2min

7.

Evolution of Stock Market Bets and the Rise of a New Stock Exchange

5min

8.

Apple and OpenAI Partnership

7min

9.

Impact of Hot Ocean Temperatures on Hurricane Activity

10min

10.

Wishes for Fundraiser Success, Birthday Celebrations, and Calls for Respectful Conversations

2min

11.

Group Love and Business Decisions

4min

(0:00) Besties intros!

(2:10) Responding to recent media coverage

(17:58) DOJ/FTC strike deal to target Nvidia, OpenAI, and Microsoft

(32:40) Meme stocks are back: Keith Gill aka Roaring Kitty resurfaces, disclosing nine figure position in GameStop

(58:36) Citadel and BlackRock back TXSE to take on NYSE and Nasdaq

(1:02:34) Apple to announce OpenAI iPhone deal at WWDC

(1:09:07) Science Corner: Alarming ocean temps continue, what to expect for hurricane season

Follow the besties:

https://twitter.com/chamath

https://twitter.com/Jason

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow on X:

https://twitter.com/theallinpod

Follow on Instagram:

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Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://www.youtube.com/watch?v=dQQhAg0mfF8

https://x.com/vkhosla/status/1769529054955446533

https://x.com/vkhosla/status/1796293773389127987

https://x.com/shaunmmaguire/status/1796415146077954329

https://x.com/DavidSacks/status/1798100723617698097

https://x.com/SawyerMerritt/status/1798779830521000426

https://www.nytimes.com/2024/06/05/technology/nvidia-microsoft-openai-antitrust-doj-ftc.html

https://www.wsj.com/tech/ai/ftc-opens-antitrust-probe-of-microsoft-ai-deal-29b5169a

https://companiesmarketcap.com

https://www.youtube.com/watch?v=F9cO3-MLHOM

https://www.politico.com/news/2024/05/29/newsom-california-artifical-intelligence-regulations-00160519

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

https://www.wsj.com/finance/regulation/e-trade-considers-kicking-meme-stock-leader-keith-gill-off-platform-f2003ec4

https://x.com/TheRoaringKitty/status/1789807772542067105

https://www.google.com/finance/quote/GME:NYSE

https://www.youtube.com/watch?v=M-VO6dtFRes

https://www.wsj.com/finance/regulation/keith-gills-gamestop-trades-pose-conundrum-for-market-cops-70cc5301

https://www.macrotrends.net/stocks/charts/GME/gamestop/revenue

https://www.wsj.com/finance/stocks/gamestop-burned-andrew-left-in-2021-hes-betting-against-the-stock-again-4377cecb

https://www.nytimes.com/2022/05/18/business/melvin-capital-gamestop-short.html

https://www.instagram.com/tim.naki/reels

https://www.wsj.com/finance/regulation/new-texas-stock-exchange-takes-aim-at-new-yorks-dominance-e3b4d9ba

https://listingcenter.nasdaq.com/assets/Board%20Diversity%20Disclosure%20Five%20Things.pdf

https://www.bloomberg.com/news/articles/2024-06-05/why-is-apple-aapl-teaming-up-with-openai-both-companies-need-each-other

https://x.com/leonsimons8/status/1793319395080520036

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