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DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market
All-In with Chamath, Jason, Sacks & Friedberg
Purpose of the Stock Market
The stock market serves the function of allowing companies to go public and allocating excess capital to good ideas. While meme stocks may arise, the system is not designed around them. Investors are protected by robust disclosure requirements, and the primary goal is to support good ideas with most of the activity in the market focused on this purpose.
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