Sure, but Chamath even agreed that they're using the same tactics. His primary

Jan 27, 2021
8:34:00pm

benny1982 Your Mom

point was that to avoid this in the future, there needs to be more transparency. Change the rules so this kind of thing can't happen again, but not by disallowing retail investors from using the hedge fund tactics against them.

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benny1982

Bio page: benny1982
Joined: Oct 18, 2003
Last login: May 3, 2024
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Messages

Author

Time

Former FB exec interview on CNBC. This is worth your time.

RexIdaCoug

1/27/21 7:24pm

This guy is very smart. Good move politically too, he apparently is going to run

HingleMcCringleberry

1/27/21 7:28pm

He would have my vote for Gov of CA! But Newsome ran me out already.

jholling

1/27/21 7:53pm

Scott Wapner: "I don't want to sound disparaging." Proceeds to disparage.

benny1982

1/27/21 7:34pm

seems like the interviewer is on his heels and isn't sure how to toe the party

BYUFBDAD

1/27/21 7:44pm

Yep. It's clear that the host is trying to carry hedge fund's water.

IrishBlue

1/27/21 7:47pm

I like how the interviewer said “I’m happy these retail investors are making money.” Chamath said “let’s be honest - no

YIsForBrigham

1/27/21 7:55pm

Yeah, I loved that part. He called Scott on his lies a few times.

Fargo

1/27/21 10:32pm

And it's a joke tha his whole argument is that little guys are going to get hurt

IrishBlue

1/27/21 7:52pm

agreed, he wants a warning that someone may lose their money. But hedge funds

BYUFBDAD

1/27/21 7:54pm

When Scott was saying that I kept thinking, are you kidding me? People buying

Fargo

1/27/21 10:35pm

I think the host has a point. When this hits a wall and goes the other way

novacoug1

1/27/21 7:55pm

Good interview. The CNBC guy is incredibly annoying.

barnacle

1/27/21 7:56pm

Well he makes some good points that Chamath mostly avoids answering.

YSMACK

1/27/21 8:19pm

Scott kept asking Chamath to address how the GME fundamentals don’t match the

Fargo

1/27/21 10:39pm

That Chamath is one smart dude. No idea what he’s talking about half the time

jordbyu

1/27/21 8:02pm

“Retail investors are gonna get hurt”

Pimpin4Paradise

1/27/21 8:11pm

Front running is the prime example of retails getting screwed.

RexIdaCoug

1/27/21 8:15pm

Front running, pump and dump, forcing a stock down to a widely held stop loss level and then rapidly buying shares.

Pimpin4Paradise

1/27/21 8:19pm

That was the one point I wished Chamath would have made, but didn't, because

benny1982

1/27/21 8:19pm

And while Scott kept saying Chamath avoided his question, Scott repeatedly

benny1982

1/27/21 8:24pm

They both were avoiding questions and issues. Chamath is more likeable mostly

YSMACK

1/27/21 8:31pm

Sure, but Chamath even agreed that they're using the same tactics. His primary

benny1982

1/27/21 8:34pm

There is absolutely nothing wrong with retailers checking big investments,

RSL

1/27/21 9:23pm

Agreed.

YSMACK

1/27/21 9:29pm

Which is also part of Chamath’s point. The ones doing it this time are being very transparent. So if you get screwed-

kalifi

1/28/21 12:38am

How often do these hedge funds manipulate a price not based on fundamentals?

RSL

1/27/21 9:20pm

If INVESTORS only ever invested until a company had the money they were valued at then what is the point in INVESTING?

kalifi

1/28/21 12:44am

Ends with "I love you Scott. Be on the right side of history big boy!" 🤣

Cougar8Duck

1/27/21 8:13pm

“It doesn’t necessarily mean that these investors that were short the stock were wrong” Ummm...what they did was the

Pimpin4Paradise

1/27/21 8:57pm

And if selling short is going to be an option, paying dearly should be a rational consequence.

RSL

1/27/21 9:27pm

Hidden gem in the interview: Scott: "Chamath, aren't you and others like you who tweeted about your positions

DrBYU

1/27/21 9:01pm

Whether $100k or $10 million, how dare he try to make $ off of the stock market

jordbyu

1/27/21 9:46pm

Tim Pool and The Hill have great YouTube segments on this. I love this!!

BYUHgrad

1/27/21 9:20pm

To clarify, Saagar on The Hill’s YouTube show Rising.

BYUHgrad

1/27/21 9:50pm

Scott seems like he’d be the bell of the ball at a hedge fund party.

DiamondDog

1/27/21 10:00pm

Well Scott didn’t come off to good. Basically got his *** kicked.

Fargo

1/27/21 10:31pm

This interviewer does one thing that I cannot stand in debates. He doesn't

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