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1
00:01:04,064 --> 00:01:05,967
[♪♪♪]
2
00:01:11,271 --> 00:01:13,641
GABE:
So, I'm here.
3
00:01:13,675 --> 00:01:17,144
And I do not see
anything happening.
4
00:01:17,177 --> 00:01:18,412
MAN [OVER SPEAKERPHONE]:
Right. Right.
5
00:01:18,445 --> 00:01:19,614
GABE:
At all.
6
00:01:19,647 --> 00:01:20,815
MAN:
Look, I'm very sorry, sir.
7
00:01:20,848 --> 00:01:22,584
Guess what I'm trying
to understand is
8
00:01:22,617 --> 00:01:24,619
What is the reason for
this delay exactly?
Yeah.
9
00:01:24,652 --> 00:01:26,253
Specifically?
Mr. Plotkin, I'm so sorry.
10
00:01:26,286 --> 00:01:28,221
But it's just that
when we-we set out...
11
00:01:28,255 --> 00:01:29,757
Yeah, we closed in November.
12
00:01:29,791 --> 00:01:31,059
We had all
the permit applications in
13
00:01:31,091 --> 00:01:32,492
before the end of the year.
Right.
14
00:01:32,527 --> 00:01:33,928
Once we get
the final stamp of approval...
15
00:01:33,962 --> 00:01:35,395
And we can't get
the trucks here a little early?
16
00:01:35,429 --> 00:01:36,898
Just, you know,
get 'em started?
17
00:01:36,931 --> 00:01:38,231
Miami Beach ordinances
won't let me do that.
18
00:01:38,265 --> 00:01:39,567
Is anyone actually
enforcing those right now?
19
00:01:39,601 --> 00:01:40,768
Look, Mr. Plotkin, I know that
20
00:01:40,802 --> 00:01:42,235
you're eager to move in.
Okay?
21
00:01:42,269 --> 00:01:43,470
Once we get the final
stamp of approval...
22
00:01:43,504 --> 00:01:44,906
No. Uh...
[LINE BEEPING]
23
00:01:44,939 --> 00:01:46,173
...you're gonna be the first...
One second.
24
00:01:46,206 --> 00:01:47,809
Sure.
Hello.
25
00:01:47,842 --> 00:01:49,844
NEWSWOMAN [OVER TV]:
And so who's feeling the pain?
26
00:01:49,877 --> 00:01:51,144
[GROANING]
27
00:01:51,178 --> 00:01:52,680
You see what's going on at GME?
28
00:01:52,714 --> 00:01:54,015
GABE:
There's more of these idiots?
29
00:01:54,048 --> 00:01:55,683
[OVER TV]:
The short sellers,
30
00:01:55,717 --> 00:01:57,685
now they're getting creamed
by the little guy...
31
00:01:57,719 --> 00:01:58,987
A lot more.
32
00:01:59,020 --> 00:02:00,420
GABE:
They won't hold much longer.
33
00:02:00,454 --> 00:02:02,322
Go away.
34
00:02:02,356 --> 00:02:05,593
Oh, Gabe, honey,
they're holding.
35
00:02:05,627 --> 00:02:07,962
It just crossed a hundred.
36
00:02:07,996 --> 00:02:11,331
Gabe, where are you?
[WHISPERS] Fuck.
37
00:02:11,365 --> 00:02:14,434
You should probably dial in.
Yeah, be on in one sec.
38
00:02:14,468 --> 00:02:17,005
♪ Whores in this house, there's
some whores in this house ♪
39
00:02:17,038 --> 00:02:18,673
♪ There's some whores
in this house ♪
40
00:02:18,706 --> 00:02:21,109
♪ I said, certified freak ♪
♪ Hol' up ♪
41
00:02:21,141 --> 00:02:23,011
♪ Seven days a week ♪
42
00:02:23,044 --> 00:02:26,881
♪ Wet-ass pussy, make that
pullout game weak, whoo ♪
43
00:02:26,914 --> 00:02:29,117
♪ Yeah, yeah ♪
44
00:02:29,149 --> 00:02:31,485
♪ Yeah, you fucking with
some wet-ass pussy... ♪
45
00:02:31,519 --> 00:02:33,021
I will tell you, I've never
seen anything like it.
46
00:02:33,054 --> 00:02:35,056
I'm concerned about it.
47
00:02:35,089 --> 00:02:36,524
I'm calling it
the ultimate short squeeze.
48
00:02:36,557 --> 00:02:38,826
You can lose money
to infinity.
49
00:02:38,860 --> 00:02:40,628
It's a very different,
50
00:02:40,662 --> 00:02:42,362
more highly leveraged game
on the other side.
51
00:02:42,396 --> 00:02:43,898
♪ Put this pussy
right in your face... ♪
52
00:02:43,931 --> 00:02:44,866
Holy fucking shit.
53
00:02:46,333 --> 00:02:47,635
Right now we're gonna
talk about GameStop.
54
00:02:47,669 --> 00:02:49,169
Those shares
55
00:02:49,202 --> 00:02:50,738
are nonstop earning of about...
Holy fucking shit.
56
00:02:50,772 --> 00:02:52,073
...130% today,
57
00:02:52,106 --> 00:02:53,808
as bullish retail traders...
Holy shit!
58
00:02:53,841 --> 00:02:55,043
What the fuck?!
59
00:02:55,076 --> 00:02:57,045
[COUGHING]
60
00:02:57,078 --> 00:02:59,246
♪ I want you to park
that big Mack truck... ♪
61
00:02:59,279 --> 00:03:00,715
Holy shit.
[SONG STOPS]
62
00:03:00,748 --> 00:03:02,550
Yes? Hello?
MAN: Great news, Mr. Plotkin.
63
00:03:02,583 --> 00:03:04,317
I think we'll be able
to get you into your new home
64
00:03:04,351 --> 00:03:06,253
a little sooner than
I actually thought.
65
00:03:06,286 --> 00:03:07,989
I think we're having some sort
of miscommunication here
66
00:03:08,022 --> 00:03:09,691
because I'm not trying
to move into that house.
67
00:03:09,724 --> 00:03:11,526
I'm trying to tear
that house down so I can build
68
00:03:11,559 --> 00:03:13,226
a tennis court
for me and my family to play
69
00:03:13,260 --> 00:03:14,428
during the pandemic.
I see.
70
00:03:14,461 --> 00:03:16,030
I thought it would be
very simple.
71
00:03:16,064 --> 00:03:17,932
Apparently, it isn't because
the pandemic is almost over
72
00:03:17,965 --> 00:03:19,399
and there's no tennis court.
Okay, Mr. Plotkin...
73
00:03:19,433 --> 00:03:20,868
Thank you for your time.
[LINE BEEPING]
74
00:03:20,902 --> 00:03:22,837
Yes? What? Hello?
75
00:03:22,870 --> 00:03:25,439
Hi. It's Ken Griffin.
76
00:03:30,578 --> 00:03:34,515
Hi there, Ken. How are you?
Great to hear from you.
77
00:03:34,549 --> 00:03:35,683
Do you have a minute?
78
00:03:35,717 --> 00:03:37,618
[LINE BEEPING]
79
00:03:37,652 --> 00:03:40,287
I, uh... um...
80
00:03:40,320 --> 00:03:42,824
I got to call you right back,
if that's okay. I'm so sorry.
81
00:03:44,058 --> 00:03:45,325
Sure.
Okay, great.
82
00:03:46,493 --> 00:03:48,863
Hi. What's happening right now?
83
00:03:48,896 --> 00:03:50,798
It looks like there's one guy
driving all the buying.
84
00:03:50,832 --> 00:03:52,399
What-what-what guy?
85
00:03:52,432 --> 00:03:54,367
♪ Ah ♪
♪ Whores in this house... ♪
86
00:03:54,401 --> 00:03:56,904
STEVE [VOICE-OVER]:
I believe his name
is "Roaring Kitty."
87
00:03:56,938 --> 00:03:59,807
♪ Yeah, you fucking with
some wet-ass pussy... ♪
88
00:03:59,841 --> 00:04:01,142
Oh, wait. Or...
89
00:04:01,175 --> 00:04:02,944
[WATCH BEEPS]
90
00:04:02,977 --> 00:04:04,879
"DeepFuckingValue."
91
00:04:04,912 --> 00:04:06,914
GABE:
"Roaring Kitty"
or "DeepFuckingValue"?
92
00:04:06,948 --> 00:04:08,381
What?
[WATCH BEEPS]
93
00:04:08,415 --> 00:04:09,884
He's "Roaring Kitty" on YouTube
94
00:04:09,917 --> 00:04:11,586
and "DeepFuckingValue"
on Reddit.
95
00:04:11,619 --> 00:04:13,988
Both?
He couldn't pick one name?
96
00:04:14,021 --> 00:04:15,890
STEVE:
I don't know. I love this guy.
97
00:04:15,923 --> 00:04:17,625
♪ That's some wet-ass pussy ♪
98
00:04:17,658 --> 00:04:19,459
♪ Macaroni in a pot ♪
99
00:04:19,493 --> 00:04:21,428
♪ That's some wet-ass pussy,
huh ♪
100
00:04:21,461 --> 00:04:23,296
♪ There some whores
in this house... ♪
101
00:04:23,330 --> 00:04:24,599
Who is this schmuck?
102
00:04:24,632 --> 00:04:26,299
I don't know,
but I think I just came.
103
00:04:26,333 --> 00:04:28,268
♪ Ah. ♪
[CASH REGISTER DINGS]
104
00:04:45,219 --> 00:04:46,854
[♪♪♪]
105
00:04:51,826 --> 00:04:54,128
MAN [OVER P.A.]:
Approaching Downtown Crossing.
106
00:04:54,162 --> 00:04:55,997
Doors will open on the right.
107
00:04:56,030 --> 00:04:59,332
Change here for the Red Line,
Green Line, SL5
108
00:04:59,366 --> 00:05:02,036
and bus connections.
109
00:05:02,069 --> 00:05:05,606
Next and last stop,
Downtown Crossing.
110
00:05:05,640 --> 00:05:08,075
[♪♪♪]
111
00:05:32,033 --> 00:05:34,302
Uh, Ruby. Ruby, right?
Yeah.
112
00:05:34,334 --> 00:05:35,837
Can I get a couple of Heinies,
please?
Uh, one.
113
00:05:35,870 --> 00:05:37,905
Sorry, uh...
What?
114
00:05:37,939 --> 00:05:39,406
I'm gonna have a...
What's wrong with a Heinie?
115
00:05:39,439 --> 00:05:40,842
Drinking it
since we were 17.
116
00:05:40,875 --> 00:05:43,578
Hey, drink what you like.
No judgment.
117
00:05:43,611 --> 00:05:45,980
Uh, you have a Hamm's?
I'll have one of those.
118
00:05:46,013 --> 00:05:47,882
The fuck
did you just order?
119
00:05:47,915 --> 00:05:50,051
Oh, it's a nice one,
out of Milwaukee.
120
00:05:50,084 --> 00:05:51,586
Good quality.
50 cents a can before markup.
121
00:05:51,619 --> 00:05:53,020
Come on, Kitty.
Forget about price.
122
00:05:53,054 --> 00:05:55,388
Get him a Heineken.
Thank you. It's on me.
123
00:05:55,422 --> 00:05:57,692
Thanks, man. Thank you.
That's nice.
124
00:05:57,725 --> 00:05:59,060
I'll have a Hamm's.
125
00:05:59,093 --> 00:06:01,829
So a Heineken and a Hamm's?
Thank you.
126
00:06:01,863 --> 00:06:04,232
Please.
Thank you, Ruby.
127
00:06:09,804 --> 00:06:11,005
How you been, man?
128
00:06:11,038 --> 00:06:13,107
The whole Sara thing?
129
00:06:13,140 --> 00:06:14,942
Oh, yeah. Okay.
130
00:06:14,976 --> 00:06:17,778
Uh... up and down.
131
00:06:17,812 --> 00:06:19,379
Yeah.
132
00:06:20,915 --> 00:06:22,950
How's your asshole brother?
Still an asshole.
133
00:06:22,984 --> 00:06:24,886
Okay.
[CHUCKLES] Yeah.
134
00:06:24,919 --> 00:06:26,087
Keep busy at least?
135
00:06:26,120 --> 00:06:28,522
Uh, got the day job
at MassMutual.
136
00:06:28,556 --> 00:06:30,625
Working on my portfolio.
That's the last thing
137
00:06:30,658 --> 00:06:32,727
you should be worrying about
right now.
138
00:06:32,760 --> 00:06:34,295
Why? It's a...
it's a good distraction.
139
00:06:34,328 --> 00:06:35,863
Let me take that
over for you.
140
00:06:35,897 --> 00:06:37,732
We got thousands of analysts
at B of A
141
00:06:37,765 --> 00:06:38,933
that do just this.
All good, man.
142
00:06:38,966 --> 00:06:40,368
Thank you.
Come on, Kitty.
143
00:06:40,400 --> 00:06:41,802
You should be focused
on your family right now,
144
00:06:41,836 --> 00:06:43,237
not fucking around
with penny stocks.
145
00:06:43,271 --> 00:06:44,272
They're not all penny stocks.
146
00:06:44,305 --> 00:06:45,873
GameStop isn't a penny stock.
147
00:06:45,907 --> 00:06:47,942
[CHUCKLES]
GameStop? Dude.
148
00:06:47,975 --> 00:06:50,945
You used to love GameStop.
Yeah, then I grew up.
149
00:06:50,978 --> 00:06:52,647
Well, I think it's undervalued.
[SCOFFS]
150
00:06:52,680 --> 00:06:54,649
I just sold off a bunch of
other shit to double down.
151
00:06:54,682 --> 00:06:56,617
How much are we talking?
A grand?
152
00:06:56,651 --> 00:06:57,752
Fifty.
Bucks?
153
00:06:57,785 --> 00:06:59,987
Grand. 53 grand.
154
00:07:00,021 --> 00:07:01,822
[LAUGHS]
Yeah.
155
00:07:05,960 --> 00:07:07,028
Kitty.
156
00:07:08,829 --> 00:07:10,264
Man, you don't even
own a house.
157
00:07:10,298 --> 00:07:11,666
It's got a ton
of short interest,
158
00:07:11,699 --> 00:07:13,134
which is artificially...
You got a one-year-old.
159
00:07:13,167 --> 00:07:14,335
...pushing the price down.
Jesus, bro.
160
00:07:14,368 --> 00:07:15,670
You never bet against
Wall Street.
161
00:07:15,703 --> 00:07:17,271
Wall Street gets it wrong
all the time.
162
00:07:17,305 --> 00:07:18,940
Look at '08.
That was a one-off, Kitty.
163
00:07:18,973 --> 00:07:20,775
These guys,
they have all the money
164
00:07:20,808 --> 00:07:22,576
and the fancy degrees and the
political juice in the world,
165
00:07:22,610 --> 00:07:23,644
and they get it wrong
all the time.
166
00:07:23,678 --> 00:07:24,645
Are you out of
your fucking mind?
167
00:07:24,679 --> 00:07:25,846
They got the advantage,
168
00:07:25,880 --> 00:07:27,715
and they still get it wrong.
[STAMMERS]
169
00:07:28,849 --> 00:07:30,017
No, give me that.
170
00:07:30,051 --> 00:07:31,619
I'm drinking it,
even if it's 50 cents.
171
00:07:31,652 --> 00:07:32,987
It's four bucks.
172
00:07:33,020 --> 00:07:34,755
Well, my man just spent 53K
on a penny stock,
173
00:07:34,789 --> 00:07:36,290
so all he can afford is water.
174
00:07:36,324 --> 00:07:39,160
You're a Wall Street guy?
Very much no.
175
00:07:39,193 --> 00:07:41,494
I'm a Wall Street guy.
What was the stock?
176
00:07:43,364 --> 00:07:44,464
GameStop.
177
00:07:45,866 --> 00:07:47,201
The video game store
at the mall.
178
00:07:47,234 --> 00:07:49,337
You really bought
$53,000 of it?
179
00:07:49,370 --> 00:07:51,305
Yeah, I don't believe it.
I think he's fucking with us.
180
00:07:51,339 --> 00:07:53,007
You're fucking with us, right?
181
00:07:53,040 --> 00:07:54,809
You don't even have 50 grand.
182
00:07:54,842 --> 00:07:56,243
Let's see.
183
00:07:58,245 --> 00:07:59,347
RUBY:
Oh, shit.
184
00:08:01,148 --> 00:08:03,451
How is she falling for this?
How are you falling for this?
185
00:08:03,483 --> 00:08:05,820
He won't spend five bucks
for a beer,
186
00:08:05,853 --> 00:08:09,290
but he'll put 50k in a stock
that you think is a joke.
187
00:08:09,323 --> 00:08:11,559
And that's interesting to you?
188
00:08:11,592 --> 00:08:12,660
Yeah.
189
00:08:13,861 --> 00:08:15,096
It is.
190
00:08:19,400 --> 00:08:20,368
[BRIGGSY SCOFFS]
191
00:08:20,401 --> 00:08:21,869
Drink your shitty beer.
192
00:08:26,674 --> 00:08:28,576
[♪♪♪]
193
00:08:30,444 --> 00:08:32,079
[DOOR OPENS, CLOSES]
194
00:08:32,113 --> 00:08:34,048
KEITH: Hey.
CAROLINE: Hey.
195
00:08:36,584 --> 00:08:38,185
Bedtime's already done?
196
00:08:38,219 --> 00:08:40,021
Yeah, she was exhausted.
197
00:08:40,054 --> 00:08:41,589
She skipped her nap.
198
00:08:43,290 --> 00:08:44,425
How was Briggsy?
199
00:08:44,458 --> 00:08:46,227
Uh, good. Yeah.
200
00:08:49,864 --> 00:08:51,599
[WATER RUNNING]
201
00:08:54,268 --> 00:08:56,070
You guys talk about Sara?
202
00:08:58,305 --> 00:08:59,640
KEITH:
Uh...
203
00:09:02,777 --> 00:09:04,445
You want to sit down a minute?
204
00:09:04,478 --> 00:09:06,580
I'll feel better
if I finish these first.
205
00:09:07,648 --> 00:09:09,750
No, you won't.
206
00:09:35,242 --> 00:09:37,478
Do you think I'm insane?
Yeah.
207
00:09:38,846 --> 00:09:41,615
Sorry. About what?
208
00:09:41,649 --> 00:09:43,317
GameStop.
209
00:09:43,350 --> 00:09:45,486
The most compelling asymmetric
opportunity in the market?
210
00:09:47,655 --> 00:09:50,057
What? Did Briggsy
make you jumpy?
A little.
211
00:09:50,091 --> 00:09:52,126
What was his argument?
He didn't have one.
212
00:09:52,159 --> 00:09:54,728
Well...
He just said
it was a reckless bet.
213
00:09:54,762 --> 00:09:56,797
He said, "You're putting your
money in the next Blockbuster."
214
00:09:56,831 --> 00:09:58,299
Enough. Fuck Briggsy.
215
00:09:58,332 --> 00:10:00,167
Babe, you literally know
more about this damn company
216
00:10:00,201 --> 00:10:01,769
than you know about me.
217
00:10:01,802 --> 00:10:03,237
It's true.
218
00:10:03,270 --> 00:10:05,106
And because of you,
I know more about this company
219
00:10:05,139 --> 00:10:06,407
than I know about myself.
220
00:10:06,440 --> 00:10:07,775
But what if
I'm missing something?
221
00:10:07,808 --> 00:10:09,477
We can't afford
to miss something.
222
00:10:10,845 --> 00:10:13,280
It's all our savings.
223
00:10:13,314 --> 00:10:14,448
Go do a video.
224
00:10:15,883 --> 00:10:17,651
I can finish these first.
I'm happy to...
225
00:10:17,685 --> 00:10:19,653
Go see what the nerds
have to say.
226
00:10:19,687 --> 00:10:21,956
Uh, WallStreetBets people
aren't nerds.
227
00:10:21,989 --> 00:10:23,424
Caroline,
they're gangsters.
228
00:10:23,457 --> 00:10:25,159
You make a dumb case
and post it,
229
00:10:25,192 --> 00:10:27,995
they'll rip you apart.
Well,
then don't make a dumb case.
230
00:10:29,797 --> 00:10:30,865
[LIGHT SWITCH CLICKS]
231
00:10:32,500 --> 00:10:34,401
[♪♪♪]
232
00:10:41,642 --> 00:10:43,244
[COMPUTER WHIRRING]
233
00:10:46,480 --> 00:10:49,216
Okay, let's see what's new.
[MOUSE CLICKING]
234
00:10:50,918 --> 00:10:53,020
Four dollars a share.
Okay, here we go.
235
00:10:53,053 --> 00:10:54,321
[CAMERA BEEPS]
[GRUNTS]
236
00:10:56,390 --> 00:10:57,324
Oh, shit.
237
00:10:59,059 --> 00:11:00,995
[♪♪♪]
238
00:11:19,680 --> 00:11:22,383
[WHISPERING]
All right, let me get that.
239
00:11:22,416 --> 00:11:24,151
Let's just check on...
240
00:11:24,185 --> 00:11:25,786
Let me see here.
241
00:11:35,696 --> 00:11:38,365
Yo, what up, everybody?
Roaring Kitty here.
242
00:11:38,399 --> 00:11:39,767
Uh, I've done
a few of these now,
243
00:11:39,800 --> 00:11:41,570
mostly on
my investing methodology.
244
00:11:41,603 --> 00:11:44,405
Uh, but today I'm gonna try
something a little different.
245
00:11:44,438 --> 00:11:46,675
I appreciate the feedback
you guys have been leaving me,
246
00:11:46,707 --> 00:11:47,875
by the way.
247
00:11:47,908 --> 00:11:49,443
Uh... Oh.
248
00:11:49,476 --> 00:11:51,546
More feedback coming in hot.
249
00:11:51,580 --> 00:11:53,080
"Less cats."
250
00:11:53,113 --> 00:11:54,415
Okay.
251
00:11:54,448 --> 00:11:55,684
Great.
252
00:11:55,716 --> 00:11:57,586
[LAUGHS]
Uh, uh, like I was saying...
253
00:11:57,619 --> 00:11:59,920
Uh, what was I saying?
Uh, I'm gonna try...
254
00:11:59,954 --> 00:12:02,189
Oh, and here's one from Ballz.
255
00:12:02,223 --> 00:12:03,724
"Nerd"?
256
00:12:03,757 --> 00:12:05,627
And "nerd" is in all capitals.
257
00:12:05,660 --> 00:12:08,095
Like, okay,
that's kind of mean.
258
00:12:08,128 --> 00:12:09,698
[CHUCKLES]
But, okay, fair.
259
00:12:09,730 --> 00:12:12,933
Uh, "Nice shirt, Grandpa"?
260
00:12:12,967 --> 00:12:15,302
What?
How old do you think I am?
261
00:12:15,336 --> 00:12:17,037
[CHUCKLES]
You know what?
262
00:12:17,071 --> 00:12:18,573
Thanks for the comments.
263
00:12:18,607 --> 00:12:20,207
Uh, we're gonna come back
to them at the end.
264
00:12:20,241 --> 00:12:22,243
Here's what I want
to talk about.
265
00:12:22,276 --> 00:12:23,911
Uh, I'm gonna pick a stock
266
00:12:23,944 --> 00:12:25,580
and talk about
why I think it's interesting.
267
00:12:25,614 --> 00:12:27,448
And that stock is...
268
00:12:28,916 --> 00:12:30,117
...GameStop.
269
00:12:30,150 --> 00:12:31,418
[CHUCKLES]
Uh...
270
00:12:31,452 --> 00:12:33,153
I know it's a polarizing stock
271
00:12:33,187 --> 00:12:35,322
and some of you are probably
gonna tune out of the stream
272
00:12:35,356 --> 00:12:38,225
right now when you hear I'm
bullish on GameStop, but I am.
273
00:12:38,259 --> 00:12:40,961
You can see it is now
the biggest position by far
274
00:12:40,995 --> 00:12:43,130
in the Roaring Kitty portfolio.
275
00:12:43,163 --> 00:12:44,832
So, yeah, I think
everyone else is crazy,
276
00:12:44,865 --> 00:12:47,468
and I think I'm right,
but I've been wrong
277
00:12:47,502 --> 00:12:49,738
plenty of times in the past,
so... [CHUCKLES]
278
00:12:49,770 --> 00:12:53,240
Uh, so there are a lot of
aspects to this bull thesis,
279
00:12:53,274 --> 00:12:55,075
a lot of moving parts,
but I boil it down
280
00:12:55,109 --> 00:12:56,777
to what I consider
the three overs:
281
00:12:56,810 --> 00:12:59,113
The digital risks
seem to me to be overblown,
282
00:12:59,146 --> 00:13:00,615
the negative sentiment
is overdone--
283
00:13:00,649 --> 00:13:02,283
you can see it
with the huge short interest--
284
00:13:02,316 --> 00:13:04,251
and the value is overlooked.
285
00:13:04,285 --> 00:13:06,954
Wall Street
just doesn't see it.
286
00:13:06,987 --> 00:13:08,822
Why?
287
00:13:08,856 --> 00:13:11,458
Mr. Market, why?
288
00:13:11,492 --> 00:13:14,928
The hedge funds are overlooking
the value in the company
289
00:13:14,962 --> 00:13:17,699
just like they overlook
the people who shop there.
290
00:13:17,732 --> 00:13:20,367
They assume most people
download games online now.
291
00:13:20,401 --> 00:13:24,706
But, look, 25% of gamers still
buy new discs from GameStop,
292
00:13:24,739 --> 00:13:27,776
and 40% buy used games
from the store.
293
00:13:27,808 --> 00:13:29,711
And the market's
kind of forced my hand here.
294
00:13:29,744 --> 00:13:32,647
What more can I say?
I just like the stock.
295
00:13:32,681 --> 00:13:33,782
DONALDSON:
Hey!
296
00:13:33,814 --> 00:13:35,883
[GRUNTS]
Shit!
297
00:13:35,916 --> 00:13:38,385
Oh, did I wake you?
It's okay, Mr. Donaldson.
298
00:13:38,419 --> 00:13:41,388
Mr. Donaldson,
I need you in your bed.
299
00:13:41,422 --> 00:13:43,357
Kieran, can you please
make sure that Mr. Donaldson...
300
00:13:43,390 --> 00:13:45,727
I don't need to go to bed.
I need a cup of coffee.
301
00:13:45,760 --> 00:13:47,294
We can get you
a cup of coffee.
302
00:13:47,328 --> 00:13:48,829
Kieran, coffee?
303
00:13:48,862 --> 00:13:49,997
CHRIS:
Oh.
304
00:13:50,030 --> 00:13:51,800
Well, isn't that beautiful?
305
00:13:51,832 --> 00:13:53,500
JENNY:
Oh, shit.
306
00:13:53,535 --> 00:13:54,902
[CHRIS LAUGHS]
307
00:13:54,935 --> 00:13:58,038
CHRIS:
"100% short GameStop stock,
308
00:13:58,072 --> 00:13:59,708
GME"?
309
00:13:59,741 --> 00:14:01,008
It's an investment video.
310
00:14:01,041 --> 00:14:03,712
Hey, Jenny, for real,
311
00:14:03,745 --> 00:14:05,145
I wouldn't take
investment advice
312
00:14:05,179 --> 00:14:06,581
from a guy in a cat shirt.
313
00:14:06,614 --> 00:14:09,149
Oh, okay. Who do you take
investment advice from?
314
00:14:09,183 --> 00:14:11,686
I don't have investments.
Mm-hmm.
315
00:14:11,720 --> 00:14:13,854
And if I did, I'd listen
to, like...
316
00:14:13,887 --> 00:14:15,724
[BREATHES DEEPLY]
a banker.
317
00:14:15,757 --> 00:14:17,592
Just the way
they like it.
318
00:14:17,625 --> 00:14:18,593
"They."
319
00:14:18,626 --> 00:14:19,694
[LAUGHING]
320
00:14:19,728 --> 00:14:21,261
Oh, boy. Here we go.
321
00:14:21,295 --> 00:14:23,230
Just never mind.
No, no, no, please tell me.
322
00:14:23,263 --> 00:14:25,567
I'm dying to know
what Luke Wilson
323
00:14:25,600 --> 00:14:28,102
from "The Royal Tenenbaums"
thinks we should do
324
00:14:28,135 --> 00:14:29,671
with our $68,000 a year.
325
00:14:29,704 --> 00:14:31,939
Who from what?
Ugly Björn Borg.
326
00:14:31,972 --> 00:14:34,041
JENNY:
Okay, fine. Wall Street
327
00:14:34,074 --> 00:14:36,176
is betting that
this company is gonna fail.
328
00:14:36,210 --> 00:14:37,712
It's called shorting.
329
00:14:37,746 --> 00:14:41,215
And if it fails, well,
then everybody loses their job,
330
00:14:41,248 --> 00:14:43,884
but these hedge fund assholes
make a shit ton of money.
331
00:14:43,917 --> 00:14:45,419
It's bullshit.
332
00:14:45,452 --> 00:14:48,122
It's a bullshit way
for rich people to get richer.
333
00:14:48,155 --> 00:14:50,057
[LAUGHS]
How did you even
find this guy?
334
00:14:50,090 --> 00:14:52,259
70,000 people
have watched this video.
335
00:14:52,292 --> 00:14:54,895
He posts his balance sheets
and everything.
336
00:14:54,928 --> 00:14:56,765
WallStreetBets is
going crazy over this.
337
00:14:56,798 --> 00:14:58,800
Who?
It's an Internet forum.
338
00:14:58,833 --> 00:15:00,535
Uh-huh.
339
00:15:00,568 --> 00:15:02,035
On Reddit.
Oh, see. No, no, no.
340
00:15:02,069 --> 00:15:03,370
I'm not gonna
do this with you.
341
00:15:03,404 --> 00:15:04,706
The last time
you brought up Reddit,
342
00:15:04,739 --> 00:15:05,906
it was just
all these oil paintings
343
00:15:05,939 --> 00:15:07,141
of Donald Trump
on horseback.
344
00:15:07,174 --> 00:15:08,942
You liked it.
Detestable.
345
00:15:08,976 --> 00:15:10,411
Look.
Okay, yeah.
346
00:15:10,444 --> 00:15:11,613
Let's-let's take a look.
347
00:15:11,646 --> 00:15:15,650
Um, "Shit's not
a pump and dump
348
00:15:15,683 --> 00:15:19,052
if it never dumps,
you fuckheads."
349
00:15:19,086 --> 00:15:22,657
"Feed me your tears. I use it
as anal lube on your wives."
350
00:15:22,690 --> 00:15:24,291
Okay, but why did you go
to that one?
351
00:15:24,324 --> 00:15:25,827
CHRIS:
Oh, oh, oh, oh.
352
00:15:25,860 --> 00:15:28,830
"Strap on your theta dildo
and start pounding."
353
00:15:28,863 --> 00:15:30,632
Okay. Yes.
[LAUGHING]
354
00:15:30,665 --> 00:15:31,965
That shit exists on here.
355
00:15:31,999 --> 00:15:33,467
But I also learned
the difference between
356
00:15:33,500 --> 00:15:35,770
a delta squeeze
and a gamma squeeze.
357
00:15:35,804 --> 00:15:37,772
And now everyone's talking
about call options.
[SIGHS]
358
00:15:37,806 --> 00:15:41,308
Jenny, baby, you're never
gonna find a man on there.
359
00:15:41,341 --> 00:15:42,844
[SIGHS]
360
00:15:42,877 --> 00:15:44,978
And you're never gonna date
Puff Daddy.
361
00:15:45,012 --> 00:15:47,649
First of all, no one has said
"Puff Daddy" since the '90s,
362
00:15:47,682 --> 00:15:50,350
and second of all,
this isn't Puff Daddy.
363
00:15:50,384 --> 00:15:51,753
This is Loop Daddy.
364
00:15:51,786 --> 00:15:54,421
JENNY:
Okay, well, whatever Daddy
365
00:15:54,455 --> 00:15:56,356
he's called,
he's weird-looking.
366
00:15:56,390 --> 00:15:58,959
Hey, well, my guy has, what,
five million TikTok followers?
367
00:15:58,992 --> 00:16:00,961
How many does yours have?
I don't know.
368
00:16:00,994 --> 00:16:02,496
Quick scroll.
369
00:16:02,530 --> 00:16:04,666
412.
Who cares?
370
00:16:04,699 --> 00:16:06,200
The Internet at large.
371
00:16:06,233 --> 00:16:08,168
But, hey, least I aim high.
372
00:16:08,202 --> 00:16:09,637
I aim high.
373
00:16:09,671 --> 00:16:11,305
[CHRIS LAUGHS]
374
00:16:12,973 --> 00:16:15,877
["21" BY DARKO PLAYING]
375
00:16:19,881 --> 00:16:22,983
♪ 21 bands for the age of 21 ♪
376
00:16:23,016 --> 00:16:26,286
♪ I'm-a flip the funds up,
then I cop the Chevy truck ♪
377
00:16:26,320 --> 00:16:29,824
♪ Buy her what she want
and you know she show me love ♪
378
00:16:29,858 --> 00:16:32,694
♪ Then I roll it up,
then I roll it up ♪
379
00:16:32,727 --> 00:16:36,129
♪ Motherfuckers wanna hate me
and shame me ♪
380
00:16:36,163 --> 00:16:39,333
♪ Motherfuckers wanna drain me,
Cobain me ♪
381
00:16:39,366 --> 00:16:42,637
♪ All these bitches trying
to chain me and blame me ♪
382
00:16:42,670 --> 00:16:46,373
♪ Motherfuckers wanna change me
and hate me... ♪
383
00:16:46,406 --> 00:16:48,676
KEITH [VOICE-OVER]:
What up, everybody?
Roaring Kitty here.
384
00:16:48,710 --> 00:16:50,410
Yo, yo, yo!
385
00:16:50,444 --> 00:16:53,915
This price action, it's getting
kind of ridiculous. Am I right?
386
00:16:53,948 --> 00:16:55,182
Let's see what happens.
387
00:16:55,215 --> 00:16:56,684
See what happens
at the end of the week,
388
00:16:56,718 --> 00:16:58,485
but it's all about
the trend staying intact.
389
00:16:58,520 --> 00:17:00,688
But this, this looks sick.
390
00:17:00,722 --> 00:17:01,923
[SUITCASE WHEELS ROLLING]
391
00:17:03,958 --> 00:17:05,560
Morning, Marcos.
392
00:17:05,593 --> 00:17:08,262
Shit. Yo, what's--
Hey, Brad.
393
00:17:15,269 --> 00:17:17,539
Yo, um, I was wondering
394
00:17:17,572 --> 00:17:20,073
if I could get
an advance on my pay.
395
00:17:20,107 --> 00:17:21,676
I can run it up the chain,
396
00:17:21,709 --> 00:17:23,545
but with all the cutbacks,
that's unlikely.
397
00:17:25,279 --> 00:17:27,447
Oh, hey, you could do
the employee TikTok contest.
398
00:17:27,481 --> 00:17:29,918
You do a lip sync,
you win ten labor hours.
399
00:17:29,951 --> 00:17:31,553
Yeah, man, totally.
400
00:17:32,386 --> 00:17:33,721
That's dope.
401
00:17:33,755 --> 00:17:35,623
I was thinking "Savage."
402
00:17:36,724 --> 00:17:38,626
Yeah. Yeah, sure. I love it.
403
00:17:38,660 --> 00:17:40,995
Or, yo, the Drake one
with Lil Durk.
404
00:17:42,664 --> 00:17:44,431
That's-that's
a great one, too.
405
00:17:44,464 --> 00:17:45,733
Because I know
you love Lil Durk.
406
00:17:45,767 --> 00:17:47,267
Come on.
[LAUGHS]
407
00:17:47,301 --> 00:17:48,770
No, I'm-a do
Megan Thee Stallion,
408
00:17:48,803 --> 00:17:49,771
for sure, for sure, for sure.
409
00:17:49,804 --> 00:17:51,371
♪ I'm a savage ♪
410
00:17:51,405 --> 00:17:53,875
♪ Classy, bougie, ratchet ♪
411
00:17:53,908 --> 00:17:56,578
♪ Sassy, moody, nasty... ♪
412
00:17:56,611 --> 00:17:57,979
Okay, mask. Mask.
413
00:17:59,747 --> 00:18:01,381
Sorry.
414
00:18:01,415 --> 00:18:03,718
♪ Acting stupid,
what's happening? ♪
415
00:18:03,751 --> 00:18:06,219
♪ What's happening?
I'm a savage. ♪
416
00:18:06,253 --> 00:18:07,622
Wow. A-plus, man.
You're a...
417
00:18:07,655 --> 00:18:09,423
you're a shoo-in
with moves like that.
418
00:18:09,456 --> 00:18:11,793
Yo, you think so
for real, though?
419
00:18:11,826 --> 00:18:13,493
That's sweet, bro.
420
00:18:14,829 --> 00:18:16,931
Ten labor hours.
421
00:18:16,965 --> 00:18:18,298
Damn, it's like
Christmas came early.
422
00:18:19,634 --> 00:18:20,902
I'm pulling for you.
423
00:18:20,935 --> 00:18:22,937
Thanks, man.
424
00:18:22,971 --> 00:18:25,138
["SAVAGE" BY YODIE SUMMERS
PLAYING]
425
00:18:25,172 --> 00:18:28,776
♪ I'm that bitch
Ay ♪
426
00:18:28,810 --> 00:18:31,913
♪ I'm the hood Mona Lisa,
break a nigga into pieces ♪
427
00:18:31,946 --> 00:18:34,849
♪ Had to "X" them cheesy niggas
out my circle like a pizza ♪
428
00:18:34,882 --> 00:18:37,184
♪ I'm way too exclusive, I
don't shop on Insta boutiques ♪
429
00:18:37,217 --> 00:18:38,753
♪ All them little-ass clothes ♪
430
00:18:38,786 --> 00:18:40,487
[RAPPING ALONG]
♪ Only fit on fake booties ♪
431
00:18:40,521 --> 00:18:41,990
♪ Bad bitch... ♪
♪ Talking cash shit ♪
432
00:18:42,023 --> 00:18:43,524
♪ Pussy like water... ♪
433
00:18:43,558 --> 00:18:46,761
[MURMURING]
Mmm. Mmm-mmm. Fries.
434
00:18:46,794 --> 00:18:49,631
[MURMURING INDISTINCTLY
WITH MOUTH FULL]
435
00:18:51,164 --> 00:18:53,300
[SLURPING, HUMMING]
436
00:18:54,535 --> 00:18:56,504
No, fuck!
437
00:18:56,537 --> 00:18:57,939
[TIRES SQUEALING]
438
00:18:57,972 --> 00:18:59,040
God!
439
00:18:59,073 --> 00:19:01,109
Goddamn it! Fuck!
440
00:19:01,141 --> 00:19:04,045
But first, cheers.
Cheers, everybody.
441
00:19:04,078 --> 00:19:05,880
I mean, look,
I know we still got
442
00:19:05,913 --> 00:19:07,481
a lot of bear takes out there,
443
00:19:07,515 --> 00:19:09,017
but as I dive deeper
and deeper into this thing,
444
00:19:09,050 --> 00:19:10,985
it's looking
increasingly compelling to me.
445
00:19:11,019 --> 00:19:12,620
And then you got
the huge short interest.
446
00:19:12,654 --> 00:19:14,154
Now, I'm not betting
on a short squeeze, all right?
447
00:19:14,187 --> 00:19:15,489
I've been saying that
the whole time.
448
00:19:15,523 --> 00:19:17,025
You guys have been
talking about it.
449
00:19:17,058 --> 00:19:18,526
Thesis grounded in
the fundamentals, but I'm not--
450
00:19:18,559 --> 00:19:19,961
But to-- I mean,
today, I mean, I'm...
451
00:19:19,994 --> 00:19:21,461
I'm starting to feel
a little squeezy, right?
452
00:19:21,495 --> 00:19:23,031
Starting to feel
a little squeezy. Honk.
453
00:19:23,064 --> 00:19:25,298
I mean, hello. Okay.
All right, all right.
454
00:19:25,332 --> 00:19:26,601
I need a drink. I need a drink.
455
00:19:28,536 --> 00:19:32,540
Now, a lot of you are accusing
me of talking a big game.
456
00:19:32,573 --> 00:19:33,808
CAROLINE [UPSTAIRS]: Keith?
But...
457
00:19:33,841 --> 00:19:35,409
Babe, where are you?
[SIGHS] Oh.
458
00:19:35,442 --> 00:19:37,512
Coming!
459
00:19:37,545 --> 00:19:40,180
Dah. I'm on daddy duty tonight.
I'll be right back.
460
00:19:40,213 --> 00:19:41,683
♪ Stack it, pack it ♪
461
00:19:41,716 --> 00:19:43,483
♪ Stack it, pack it, trap it ♪
462
00:19:43,518 --> 00:19:46,386
♪ Send it to a rich nigga,
tell him work his magic ♪
463
00:19:46,420 --> 00:19:48,022
♪ Stack it, pack it ♪
464
00:19:48,056 --> 00:19:49,857
♪ Stack it, pack it, trap it ♪
465
00:19:49,891 --> 00:19:53,226
♪ Send it to a rich nigga, tell
him make somethin' happen ♪
466
00:19:53,260 --> 00:19:54,595
♪ I ain't slowing down
for no clown... ♪
467
00:19:54,629 --> 00:19:56,531
[DOORBELL RINGS]
[DOG BARKING IN DISTANCE]
468
00:19:56,564 --> 00:19:58,331
♪ I'm the best out ♪
469
00:19:58,365 --> 00:20:01,069
♪ Worked on my confidence,
got my chest out ♪
470
00:20:01,102 --> 00:20:03,270
♪ Poppin' and I'm blessed now ♪
471
00:20:03,303 --> 00:20:04,706
♪ They only love you
when you down ♪
472
00:20:04,739 --> 00:20:07,075
♪ I'm-a stack it, pack it ♪
473
00:20:07,108 --> 00:20:09,110
♪ Stack it, pack it, trap it,
send it to... ♪
474
00:20:09,143 --> 00:20:11,612
Okay. There you go.
475
00:20:12,747 --> 00:20:14,347
Ooh!
476
00:20:14,381 --> 00:20:16,249
Sorry. Quick tendie break.
477
00:20:17,384 --> 00:20:18,385
Mmm.
478
00:20:18,418 --> 00:20:19,721
Got to love those tendies.
479
00:20:19,754 --> 00:20:20,988
Sweet, sweet tendies.
480
00:20:21,923 --> 00:20:23,256
Speaking of tendies...
481
00:20:24,625 --> 00:20:25,860
...look at this.
482
00:20:25,893 --> 00:20:27,394
Look at this chart.
483
00:20:28,663 --> 00:20:31,799
We go from four to six to seven.
484
00:20:31,833 --> 00:20:34,434
Now ten.
485
00:20:34,468 --> 00:20:37,205
Wall Street must be
seeing this, right?
486
00:20:37,237 --> 00:20:39,774
Or are we just screaming
into the void?
487
00:20:39,807 --> 00:20:43,144
Hello, Mr. Market.
We got tendies, too.
488
00:20:43,177 --> 00:20:45,445
We got tendies, too.
489
00:20:46,781 --> 00:20:48,315
Maybe we are.
490
00:20:48,348 --> 00:20:51,384
They never saw the like
nine billion résumés I sent
491
00:20:51,418 --> 00:20:53,788
from 2016 to 2019.
492
00:20:53,821 --> 00:20:56,256
Or in 2009, right after
I graduated college.
493
00:20:56,289 --> 00:20:57,491
I guess they were busy
494
00:20:57,525 --> 00:20:59,761
with that whole
market crash thing then.
495
00:21:02,930 --> 00:21:05,099
[VEHICLE APPROACHING]
[RAP MUSIC PLAYING OUTSIDE]
496
00:21:05,133 --> 00:21:06,500
Fuck.
497
00:21:06,534 --> 00:21:08,335
[ENGINE SHUTS OFF]
[MUSIC STOPS]
498
00:21:08,368 --> 00:21:10,303
[DOOR ALARM DINGING]
499
00:21:15,475 --> 00:21:16,944
Kevin, you son of a bitch.
500
00:21:16,978 --> 00:21:18,813
You can't run with a baby.
You can't run with a baby!
501
00:21:18,846 --> 00:21:21,949
Don't take my car, man!
I fucked up your seat!
502
00:21:21,983 --> 00:21:24,252
There's no gas left!
503
00:21:24,284 --> 00:21:25,586
[BABY CRYING]
504
00:21:25,620 --> 00:21:27,822
I know.
505
00:21:27,855 --> 00:21:29,524
You're in the zone, too.
506
00:21:29,557 --> 00:21:31,491
[LIVELY CHATTER]
[POP MUSIC PLAYING]
507
00:21:37,031 --> 00:21:38,566
How did that taste?
508
00:21:40,835 --> 00:21:42,937
Hey. Hey, yo.
Can I put my pants back on?
509
00:21:42,970 --> 00:21:44,138
ALL:
No!
510
00:21:44,172 --> 00:21:46,040
"Choose a player
and put your hand
511
00:21:46,073 --> 00:21:49,544
down their panties
for a whole minute."
512
00:21:49,577 --> 00:21:51,112
Panties?
Who's got panties?
513
00:21:51,145 --> 00:21:53,948
[LAUGHS]
"Two shots if they refuse."
514
00:21:53,981 --> 00:21:56,050
I mean, I got some panties.
[OTHERS MURMURING]
515
00:21:56,083 --> 00:21:58,085
MAN:
Bro. [CHUCKLES]
516
00:22:00,855 --> 00:22:03,057
MAN: Hello.
WOMAN: All right.
517
00:22:04,192 --> 00:22:05,293
All right.
Hey, girl.
518
00:22:05,325 --> 00:22:07,295
You said two shots, right?
519
00:22:07,327 --> 00:22:09,030
Oh, come on.
Come on.
520
00:22:09,063 --> 00:22:10,565
[LAUGHTER]
521
00:22:10,598 --> 00:22:11,966
Fuck, I'll do it.
522
00:22:11,999 --> 00:22:13,500
HARMONY:
Can someone start the timer?
523
00:22:13,534 --> 00:22:15,303
I got you. I got you.
Should I just...?
524
00:22:15,335 --> 00:22:17,205
Get in there.
Okay.
525
00:22:17,238 --> 00:22:18,573
You sure?
Yeah.
526
00:22:18,606 --> 00:22:20,541
[OTHERS OOHING, WHOOPING]
527
00:22:22,043 --> 00:22:24,011
[LAUGHS]
Okay.
528
00:22:24,045 --> 00:22:26,047
Hi.
Hi.
529
00:22:28,516 --> 00:22:30,685
How are you?
[LAUGHTER]
530
00:22:30,718 --> 00:22:32,753
Can you shut the fuck up?
531
00:22:32,787 --> 00:22:34,555
Fuck off!
[LAUGHTER]
532
00:22:34,589 --> 00:22:36,524
So what'd you do today?
533
00:22:36,557 --> 00:22:40,561
Well, I attended
a Zoom seminar,
534
00:22:40,595 --> 00:22:44,532
during which I watched
two hours of TikTok.
535
00:22:45,933 --> 00:22:47,268
[HARMONY CHUCKLES]
536
00:22:47,301 --> 00:22:50,504
Oh, I, um, purchased
three shares of stock.
537
00:22:50,538 --> 00:22:52,907
Okay, what stock?
538
00:22:52,940 --> 00:22:55,676
GameStop.
Yo, Roaring Kitty!
539
00:22:55,710 --> 00:22:57,111
Come on. Yes, James.
I love that guy.
540
00:22:57,144 --> 00:22:58,411
[LAUGHTER]
541
00:22:58,445 --> 00:22:59,847
Can I please
put some pants back on?
542
00:22:59,881 --> 00:23:01,414
ALL: No!
Sit down.
543
00:23:01,448 --> 00:23:02,884
MAN [OVER PHONE]:
I'm three days into that shit.
544
00:23:02,917 --> 00:23:04,552
Look, that's just--
that's only from today.
545
00:23:04,585 --> 00:23:05,786
I don't care.
546
00:23:05,820 --> 00:23:07,555
I don't know
what the fuck I'm doing.
547
00:23:07,588 --> 00:23:09,757
I just know I'm making money.
I'm not sold on that.
548
00:23:09,790 --> 00:23:11,559
It's doubled since summer.
549
00:23:11,592 --> 00:23:14,028
And the more people who buy in,
the higher it'll go.
550
00:23:14,061 --> 00:23:16,564
That sounds like the literal
definition of a pyramid scheme.
551
00:23:16,597 --> 00:23:17,965
That's time.
552
00:23:17,999 --> 00:23:19,967
MAN: Bravo.
[OTHERS CHEERING]
553
00:23:20,001 --> 00:23:23,271
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
554
00:23:23,304 --> 00:23:25,539
♪ Ooh, you make me wanna ♪
555
00:23:25,573 --> 00:23:28,075
[PURRING IN SONG]
556
00:23:28,109 --> 00:23:31,444
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
557
00:23:31,478 --> 00:23:33,814
♪ Ooh, you make me wanna ♪
558
00:23:33,848 --> 00:23:35,383
[PURRING IN SONG]
559
00:23:35,415 --> 00:23:37,985
♪ Ooh, you make me wanna... ♪
560
00:23:38,019 --> 00:23:39,620
[SNIFFS, SIGHS]
[MUSIC CONTINUES IN DISTANCE]
561
00:23:39,654 --> 00:23:40,788
[SNIFFS]
562
00:23:42,356 --> 00:23:44,558
Sorry, I have
terrible allergies. [CHUCKLES]
563
00:23:44,592 --> 00:23:46,160
And a killer headache.
564
00:23:46,193 --> 00:23:48,428
Could just be the music
coming from next door, though.
565
00:23:48,461 --> 00:23:52,266
You see your buddy Ken's up to
57 billion in short positions?
566
00:23:52,300 --> 00:23:54,268
Yeah, smart.
The economy's in free fall.
567
00:23:54,302 --> 00:23:56,771
Mmm.
[SNORTS]
568
00:23:56,804 --> 00:24:00,841
[CHUCKLES]
I honestly can't tell
if that was you or Romeo.
569
00:24:00,875 --> 00:24:02,677
Very funny.
570
00:24:02,710 --> 00:24:05,579
I'm telling you, this is when
they drag out the guillotines.
571
00:24:05,613 --> 00:24:08,282
You're obsessed with him.
The man is an asshole.
572
00:24:08,316 --> 00:24:10,818
He stole five analysts from me.
573
00:24:10,851 --> 00:24:12,687
All mediocre, by the way.
574
00:24:12,720 --> 00:24:14,322
Oh, and two paintings.
575
00:24:14,355 --> 00:24:16,757
GABE: What paintings?
A Picasso and a de Kooning.
576
00:24:16,791 --> 00:24:18,125
He overpaid: $500 million.
577
00:24:18,159 --> 00:24:20,962
That is my entire nut
from last year.
578
00:24:20,995 --> 00:24:22,763
The man is an asshole.
Just admit it.
579
00:24:22,797 --> 00:24:24,699
You're just bitter
he stole those analysts.
580
00:24:24,732 --> 00:24:26,600
You seen
Citadel's projected revenue?
581
00:24:26,634 --> 00:24:28,803
Seven billion dollars.
582
00:24:28,836 --> 00:24:31,372
That's, uh, double last year.
583
00:24:31,405 --> 00:24:33,007
STEVE:
Hoovering up
all the stimulus checks.
584
00:24:33,040 --> 00:24:34,608
Thank you.
They go straight
585
00:24:34,642 --> 00:24:37,445
from the retail traders
right into Kenny boy's pockets.
586
00:24:37,477 --> 00:24:40,114
The man just gets away
with murder.
587
00:24:40,147 --> 00:24:41,515
Look at what I just sent you.
588
00:24:49,357 --> 00:24:51,726
Is this a video of a man
drinking his own urine
589
00:24:51,759 --> 00:24:53,027
because a stock went up?
590
00:24:53,060 --> 00:24:54,528
Number one post on the site.
591
00:24:54,562 --> 00:24:55,963
GABE [CHUCKLES]:
Where did you get this?
592
00:24:55,997 --> 00:24:57,698
STEVE:
My analysts sent it to me.
593
00:24:57,732 --> 00:25:01,535
GABE:
They call themselves
apes and R-words?
594
00:25:01,569 --> 00:25:02,870
"Retard." C-Can they say that?
595
00:25:02,903 --> 00:25:04,472
Remarkably self-aware.
596
00:25:04,505 --> 00:25:07,141
They've hooked into GameStop
for whatever reason.
597
00:25:07,174 --> 00:25:08,809
They think it's funny,
it seems. [LAUGHS]
598
00:25:08,843 --> 00:25:10,378
I think it's funny.
599
00:25:10,411 --> 00:25:11,846
I think they think
it's a good investment.
600
00:25:11,879 --> 00:25:14,081
Retail traders always lose.
601
00:25:16,083 --> 00:25:18,319
We've actually been
short GameStop since 2014.
602
00:25:18,352 --> 00:25:20,488
The company is, uh,
a complete disaster.
603
00:25:20,554 --> 00:25:23,891
They've had six CEOs
in two years.
604
00:25:23,924 --> 00:25:26,861
Guess these guys are ignoring
obvious secular market trends
605
00:25:26,894 --> 00:25:29,864
or they're
the stupidest people on Earth.
606
00:25:29,897 --> 00:25:31,766
You're shorting more
right now, aren't you?
607
00:25:31,799 --> 00:25:34,835
Yeah. 600,000 shares maybe.
[LAUGHS]
608
00:25:34,869 --> 00:25:37,104
Dumb money, man.
609
00:25:37,138 --> 00:25:39,340
I'm happy to take it.
610
00:25:39,373 --> 00:25:41,575
[ELECTRONIC DANCE MUSIC
CONTINUES IN DISTANCE]
611
00:25:42,476 --> 00:25:44,211
Mmm.
612
00:25:44,245 --> 00:25:47,048
[RHYTHMICALLY]
Mmm, mmm, mmm. Mmm, mmm, mmm.
613
00:25:47,081 --> 00:25:49,784
AUTOMATED VOICE:
Listen up, retards.
614
00:25:49,817 --> 00:25:52,620
Melvin Capital
has declared war on GME
615
00:25:52,653 --> 00:25:54,789
by shorting the stock
even more.
616
00:26:06,067 --> 00:26:10,438
MAN [COUNTING DOWN]:
Ten. Nine.Ignition sequence fired.
617
00:26:10,471 --> 00:26:13,542
Six, five, four,
618
00:26:13,574 --> 00:26:16,511
three, two, one.
619
00:26:19,013 --> 00:26:21,615
WallStreetBets, I thought,
were a bunch of idiots
620
00:26:21,649 --> 00:26:22,950
just throwing money at a stock
621
00:26:22,983 --> 00:26:24,718
'cause they thought
it was funny.
622
00:26:24,752 --> 00:26:26,087
I was wrong.
623
00:26:26,120 --> 00:26:28,557
Now I see
what WallStreetBets really is.
624
00:26:28,589 --> 00:26:29,723
It is a revolution.
625
00:26:29,757 --> 00:26:31,592
This is one of
those rare moments
626
00:26:31,625 --> 00:26:33,727
where Wall Street are
the ones being screwed over.
627
00:26:33,761 --> 00:26:35,596
And when we decide
we're hungry,
628
00:26:35,629 --> 00:26:37,164
there's very little
the rich can do
629
00:26:37,198 --> 00:26:38,567
to stop us from beating them.
630
00:26:38,599 --> 00:26:39,733
It's a GameStop
to stop the game.
631
00:26:39,767 --> 00:26:41,402
Power to the people.
632
00:26:41,435 --> 00:26:43,137
I'm jerking off right now.
I'm jerking off right now.
633
00:26:43,170 --> 00:26:47,741
[AUTOMATED VOICE
READS ON-SCREEN TEXT]
634
00:26:47,775 --> 00:26:49,910
KEITH:
Ho, ho, ho!
635
00:26:49,944 --> 00:26:50,978
What up, everybody?
636
00:26:51,011 --> 00:26:52,279
Merry Christmas.
637
00:26:52,313 --> 00:26:54,014
Happy New Year's.
Happy holidays.
638
00:26:54,048 --> 00:26:57,451
Uh, 2020, see ya.
639
00:26:57,485 --> 00:27:00,988
[CHUCKLES]
2020's been a very rough year
for my family, too,
640
00:27:01,021 --> 00:27:04,024
so this GameStop news has been
a bit of a bright spot.
641
00:27:04,058 --> 00:27:07,161
Uh, look at this.
I mean, where it's a...
642
00:27:07,194 --> 00:27:10,264
It's a five-bagger from
where it was over the summer.
643
00:27:10,297 --> 00:27:14,368
You don't often see thesis
play out like this,
644
00:27:14,401 --> 00:27:16,637
so we gotta-- We can't
take it for granted, right?
645
00:27:16,670 --> 00:27:18,873
We gotta appreciate it.
We gotta--
646
00:27:18,906 --> 00:27:21,442
[STAMMERS]
Thank you, Santa. Right?
647
00:27:21,475 --> 00:27:25,846
Uh, I wanted to say cheers,
all of you.
648
00:27:25,880 --> 00:27:28,550
You're why I'm here
in the first place.
649
00:27:28,583 --> 00:27:30,050
Uh...
650
00:27:30,084 --> 00:27:31,620
It's fun to talk about.
651
00:27:31,652 --> 00:27:33,220
I mean, I figure,
if I worked at a hedge fund,
652
00:27:33,254 --> 00:27:34,722
I'd compare notes with
my colleagues, but I don't.
653
00:27:34,755 --> 00:27:37,791
I'm stuck at home
like you guys, so, uh...
654
00:27:37,825 --> 00:27:39,628
I believe in this stock.
655
00:27:39,660 --> 00:27:42,129
And I believe
in this community.
656
00:27:42,163 --> 00:27:43,664
Um...
657
00:27:43,697 --> 00:27:45,132
I'll be honest.
658
00:27:45,166 --> 00:27:48,503
Uh, it's been
kind of a shitty year.
659
00:27:49,703 --> 00:27:51,205
Uh, for a lot of people.
660
00:27:51,238 --> 00:27:53,240
Lot of people lost people
the past 12 months.
661
00:27:53,274 --> 00:27:54,509
I did, too.
662
00:27:54,543 --> 00:27:56,710
Uh, my sister, Sara.
663
00:27:56,744 --> 00:27:58,179
Uh...
664
00:28:05,886 --> 00:28:07,788
I don't talk about it much.
665
00:28:09,423 --> 00:28:11,425
But it felt right to tell you.
666
00:28:11,458 --> 00:28:13,761
Uh, we've been through
so much together.
667
00:28:13,794 --> 00:28:17,398
You've made me feel a part
of something, something big.
668
00:28:17,431 --> 00:28:19,534
So, uh, Merry Christmas.
669
00:28:19,568 --> 00:28:20,602
Cheers.
670
00:28:22,369 --> 00:28:24,371
[VEHICLE DOOR OPENS, CLOSES]
671
00:28:33,314 --> 00:28:34,782
[KEYPAD BEEPING]
672
00:28:41,822 --> 00:28:44,593
[NOZZLE CLATTERING]
673
00:28:54,468 --> 00:28:55,604
I like your car.
674
00:28:58,138 --> 00:28:59,574
It's a classic.
675
00:28:59,608 --> 00:29:01,075
'95.
Yes.
676
00:29:01,108 --> 00:29:03,143
Sadly, it's a gas-guzzler.
677
00:29:03,177 --> 00:29:06,447
Yeah. Yup, this one, too.
678
00:29:06,480 --> 00:29:09,817
But she's such a beauty
I couldn't stand to trade her.
679
00:29:09,850 --> 00:29:12,253
[CHUCKLES]
'96 Honda Accord?
680
00:29:12,286 --> 00:29:13,787
Uh, 2003.
681
00:29:13,821 --> 00:29:16,090
Not quite a classic.
682
00:29:16,123 --> 00:29:17,458
[CHUCKLES SOFTLY]
683
00:29:23,797 --> 00:29:25,600
It's kind of weird
to talk to someone
684
00:29:25,634 --> 00:29:28,102
and see
their whole face, right?
685
00:29:28,135 --> 00:29:30,304
It's been so long.
686
00:29:30,337 --> 00:29:32,741
I-I work at a hospital.
687
00:29:32,773 --> 00:29:35,409
You could probably tell.
Essential worker.
688
00:29:35,442 --> 00:29:37,411
Thank you
for everything you do.
689
00:29:37,444 --> 00:29:38,812
Oh, you're very welcome.
690
00:29:40,682 --> 00:29:41,683
[NOZZLE CLICKS]
691
00:29:46,020 --> 00:29:48,389
[NOZZLE CLATTERING]
692
00:29:50,124 --> 00:29:51,559
Hey, uh...
693
00:29:52,793 --> 00:29:55,095
Have a good night.
694
00:29:55,129 --> 00:29:56,497
Cool.
695
00:29:56,531 --> 00:29:58,465
Safe travels.
696
00:30:01,869 --> 00:30:05,005
[VEHICLE DOOR OPENS, CLOSES]
697
00:30:06,073 --> 00:30:07,474
[ENGINE STARTS]
698
00:30:09,544 --> 00:30:11,478
[VEHICLE DRIVING OFF]
699
00:30:14,716 --> 00:30:16,450
RIRI [VOICE-OVER]:
Remember when you were
700
00:30:16,483 --> 00:30:19,053
just making fun of me, and
now you're literally obsessed?
701
00:30:19,086 --> 00:30:20,854
No, I don't recall.
702
00:30:20,888 --> 00:30:23,490
How much are you up?
948.
703
00:30:23,525 --> 00:30:24,858
Stock dipped a little.
704
00:30:24,892 --> 00:30:27,194
It was like 2,000
before Christmas.
705
00:30:27,227 --> 00:30:28,429
Maybe you should sell.
706
00:30:30,765 --> 00:30:32,833
No. It's not about the money.
707
00:30:32,866 --> 00:30:34,868
The stock market
is not about the money?
708
00:30:34,902 --> 00:30:37,404
No. You just got to read
some of the stuff on here.
709
00:30:37,438 --> 00:30:40,908
Never understood why
my dad was so pissed off
710
00:30:40,941 --> 00:30:42,876
about this whole thing,
but now I do.
711
00:30:44,512 --> 00:30:46,480
I told you about
his store, right?
712
00:30:46,514 --> 00:30:48,082
Costco?
713
00:30:48,115 --> 00:30:49,850
Shopko.
714
00:30:49,883 --> 00:30:54,355
It was, like, this, like,
big chain in our area.
715
00:30:54,388 --> 00:30:56,323
My dad, he worked his way
all the way up
716
00:30:56,357 --> 00:30:59,326
from bag boy
to general manager.
717
00:30:59,360 --> 00:31:02,062
Then one of these Wall Street
funds came in, bought it
718
00:31:02,096 --> 00:31:03,832
and vampire-sucked
all the money out of it
719
00:31:03,864 --> 00:31:06,500
and then declared bankruptcy.
720
00:31:06,534 --> 00:31:07,535
Fuck.
721
00:31:08,869 --> 00:31:10,104
Yeah.
722
00:31:11,639 --> 00:31:14,408
He lost his pension,
everything.
723
00:31:15,909 --> 00:31:17,945
It's why he had to work
at Pick 'n fucking Save
724
00:31:17,978 --> 00:31:19,446
until the day he died,
725
00:31:19,480 --> 00:31:22,550
and now that's why
I'm up to my ass in debt.
726
00:31:22,584 --> 00:31:25,720
And these fuckers are trying to
do the same thing to GameStop.
727
00:31:26,821 --> 00:31:28,288
Fuck 'em.
728
00:31:29,490 --> 00:31:31,158
Fuck 'em all.
729
00:31:36,063 --> 00:31:37,398
[CHUCKLES]
730
00:31:40,668 --> 00:31:42,604
[CHATTER OUTSIDE]
731
00:31:49,276 --> 00:31:50,745
[BAG UNZIPS]
732
00:31:52,312 --> 00:31:54,481
Wait. Look.
Hmm?
733
00:31:54,516 --> 00:31:55,949
Look at this.
[CHUCKLES]
734
00:31:55,983 --> 00:31:57,585
This guy wants
to Cash App me $100...
735
00:31:57,619 --> 00:32:00,053
Shut the fuck up.
...to send him a selfie
736
00:32:00,087 --> 00:32:02,757
or 500 if I live chat him
from a bubble bath.
737
00:32:02,791 --> 00:32:04,659
HARMONY:
Yes! Yes, we should do it.
738
00:32:04,692 --> 00:32:06,226
What?
739
00:32:06,260 --> 00:32:09,129
Yes, we do it and then
put the money into GameStop.
740
00:32:10,464 --> 00:32:12,232
Who am I talking to right now?
741
00:32:12,266 --> 00:32:13,635
Come on, bitch,
let's go get a tub.
742
00:32:13,668 --> 00:32:15,436
[♪♪♪]
743
00:32:15,469 --> 00:32:17,304
♪ We got this motherfucker lit
on some money shit ♪
744
00:32:17,337 --> 00:32:19,306
♪ Yeah, yeah ♪
♪ And we running shit ♪
745
00:32:19,339 --> 00:32:21,108
♪ And we running shit ♪
♪ Yeah, yeah ♪
746
00:32:21,141 --> 00:32:23,343
♪ We got this motherfucker lit
on some money shit ♪
747
00:32:23,377 --> 00:32:26,013
♪ And we running shit
and we running shit ♪
748
00:32:26,046 --> 00:32:27,515
♪ Uh ♪
♪ Please don't pretend... ♪
749
00:32:27,549 --> 00:32:29,684
NAT:
Your entire business
is kids spending
750
00:32:29,717 --> 00:32:30,919
their lunch money
on random stocks.
751
00:32:30,951 --> 00:32:32,921
They come to you
because it's free.
752
00:32:32,953 --> 00:32:36,591
But if you don't charge
commission on their trades,
753
00:32:36,624 --> 00:32:38,492
how do you make money?
754
00:32:38,526 --> 00:32:39,594
[SONG ENDS]
755
00:32:39,627 --> 00:32:41,863
The idea for Robinhood
756
00:32:41,896 --> 00:32:45,132
really came out of the
Occupy Wall Street movement.
757
00:32:45,165 --> 00:32:46,967
All those people
with no way of getting in.
758
00:32:47,000 --> 00:32:49,436
Is that what Occupy
was about?
759
00:32:49,470 --> 00:32:51,438
I mean, were they trying
to get in or...?
760
00:32:51,472 --> 00:32:54,308
So, we said
it's not enough to occupy.
761
00:32:54,341 --> 00:32:55,643
We need to democratize
Wall Street.
762
00:32:55,677 --> 00:32:57,277
Nat, I'm not sure
if you know this,
763
00:32:57,311 --> 00:32:58,713
but Baiju and I
are both immigrants.
764
00:32:58,746 --> 00:33:00,447
I-I was born in Bulgaria,
765
00:33:00,481 --> 00:33:03,116
and Baiju's parents emigrated
from India to the Deep South.
766
00:33:03,150 --> 00:33:04,519
[CAMERA CLICKING]
767
00:33:04,552 --> 00:33:06,688
Can you imagine
growing up in rural Virginia
768
00:33:06,721 --> 00:33:09,289
with a name like, uh,
Baiju Prafulkumar Bhatt?
769
00:33:09,323 --> 00:33:10,692
[BOTH LAUGH]
[NAT CHUCKLES]
770
00:33:10,725 --> 00:33:12,392
We created
commission-free trading
771
00:33:12,426 --> 00:33:14,027
so that anyone can
get in the game.
772
00:33:14,061 --> 00:33:15,663
You don't even need
a bank account.
773
00:33:15,697 --> 00:33:17,866
People have really responded.
774
00:33:17,899 --> 00:33:19,901
We've added
five million users,
775
00:33:19,934 --> 00:33:22,336
uh, in the last six months,
for a total of, uh...
776
00:33:22,369 --> 00:33:24,304
Close to 20 at this point,
million.
777
00:33:24,338 --> 00:33:26,373
NAT:
So, you're one of
these tech companies
778
00:33:26,406 --> 00:33:28,543
that's exploded growth-wise
but doesn't make any money.
779
00:33:28,576 --> 00:33:30,377
We make money.
But how?
780
00:33:30,410 --> 00:33:32,179
If you don't charge
commission, then...
781
00:33:32,212 --> 00:33:33,515
From interest
on people's accounts.
782
00:33:33,548 --> 00:33:35,182
But your users
are mostly young.
783
00:33:35,215 --> 00:33:36,518
So how much money
can they really
784
00:33:36,551 --> 00:33:37,752
be keeping in their account?
785
00:33:37,785 --> 00:33:39,386
There's also payment
for order flow.
786
00:33:39,419 --> 00:33:42,089
What's that?
VLAD: We prefer the term
787
00:33:42,122 --> 00:33:43,490
"stock order routing."
788
00:33:43,525 --> 00:33:45,192
When you buy or sell stock
on our app,
789
00:33:45,225 --> 00:33:48,061
we send your order to market
makers who process the order.
790
00:33:48,095 --> 00:33:50,565
They pay us a tiny rebate
on every trade.
791
00:33:50,598 --> 00:33:52,232
Tiny.
But it adds up.
792
00:33:52,266 --> 00:33:54,368
We should really get back
to how we started our company.
793
00:33:54,401 --> 00:33:55,870
What market maker
do you work with?
794
00:33:55,904 --> 00:33:58,238
A few.
Citadel Securities mostly.
795
00:33:58,272 --> 00:34:00,608
[STAMMERS]
Ken Griffin's firm?
Isn't that a hedge fund?
796
00:34:00,642 --> 00:34:04,344
Well, Ken Griffin's hedge fund
is called Citadel,
797
00:34:04,378 --> 00:34:07,080
but Citadel Securities is
a completely different company.
798
00:34:07,114 --> 00:34:08,683
Also owned by Ken Griffin?
799
00:34:08,716 --> 00:34:09,784
[CHUCKLES]
800
00:34:09,817 --> 00:34:11,184
All right.
801
00:34:11,218 --> 00:34:12,754
We weren't gonna do this,
802
00:34:12,787 --> 00:34:15,088
but we'll give you a scoop.
803
00:34:15,122 --> 00:34:16,925
Off the record for now.
804
00:34:17,825 --> 00:34:19,059
Okay.
805
00:34:20,160 --> 00:34:22,095
We're looking to IPO soon.
806
00:34:23,798 --> 00:34:25,299
Damn.
807
00:34:25,332 --> 00:34:27,367
Okay.
808
00:34:27,401 --> 00:34:29,236
That's big.
♪ Yeah, yeah ♪
809
00:34:29,269 --> 00:34:32,774
♪ Girl, I can buy your ass
the world with my pay stub ♪
810
00:34:32,807 --> 00:34:34,308
♪ Ooh, that pussy good ♪
811
00:34:34,341 --> 00:34:36,076
♪ Won't you sit it
on my taste bloods? ♪
812
00:34:36,109 --> 00:34:38,880
♪ I get way too petty
once you let me do the extras ♪
813
00:34:38,913 --> 00:34:40,748
♪ Pull up on your block
then break it down ♪
814
00:34:40,782 --> 00:34:42,382
♪ We playing Tetris ♪
815
00:34:42,416 --> 00:34:45,553
♪ AM to the PM,
PM to the AM, funk ♪
816
00:34:45,587 --> 00:34:47,755
♪ Piss out your per diem,
you just gotta hate 'em, funk ♪
817
00:34:47,789 --> 00:34:49,591
♪ If I quit your... ♪
818
00:34:49,624 --> 00:34:51,726
♪ Hol' up, bitch,
hol' up, lil ♪
♪ Sit down ♪
819
00:34:51,759 --> 00:34:53,126
♪ Hol' up, lil bitch ♪
♪ Be humble... ♪
820
00:34:53,160 --> 00:34:54,662
[BEAU RAPPING ALONG]
821
00:34:54,696 --> 00:34:56,430
Okay, don't say the bad words.
♪ Be humble ♪
822
00:34:56,463 --> 00:34:58,733
♪ Sit down ♪
♪ Hol' up, lil bitch ♪
823
00:34:58,766 --> 00:35:00,300
♪ Be humble ♪
♪ Lil bitch, hol' up, bitch ♪
824
00:35:00,334 --> 00:35:01,836
[RAPPING ALONG]
♪ Sit down ♪
825
00:35:01,869 --> 00:35:03,236
♪ Be humble ♪
♪ Hol' up, hol' up ♪
826
00:35:03,270 --> 00:35:05,138
[BOTH RAPPING ALONG]
♪ Sit down ♪
827
00:35:05,172 --> 00:35:06,908
♪ Hol' up, lil bitch,
hol' up, bitch ♪
♪ Be humble ♪
828
00:35:06,941 --> 00:35:08,743
♪ Sit down ♪
♪ Hol' up,
sit down, lil, sit down ♪
829
00:35:08,776 --> 00:35:10,410
♪ Lil bitch, hol' up, hol' up ♪
♪ Be humble, bitch ♪
830
00:35:10,444 --> 00:35:12,179
♪ Sit down ♪
♪ Hol' up, hol' up, lil bitch ♪
831
00:35:12,212 --> 00:35:13,848
[SONG CONTINUES FAINTLY]
[RAPPING ALONG]: ♪ Be humble ♪
832
00:35:13,881 --> 00:35:14,983
♪ Sit down... ♪
Kev, please.
833
00:35:15,016 --> 00:35:16,450
Your father
needs to concentrate.
834
00:35:16,483 --> 00:35:18,519
STEVE GILL:
Drove long-haul for 40 years.
835
00:35:18,553 --> 00:35:20,420
I don't need to concentrate.
[SONG STOPS]
836
00:35:20,454 --> 00:35:22,924
Fine. I need to concentrate.
837
00:35:22,957 --> 00:35:24,959
What do you need to
concentrate about?
[GASPS]
838
00:35:24,993 --> 00:35:26,594
STEVE GILL:
Oh! What?
839
00:35:26,628 --> 00:35:28,362
ELAINE:
Thought they were
veering over into our lane.
840
00:35:28,395 --> 00:35:30,932
STEVE GILL:
Nobody was veering, Elaine.
It's okay.
841
00:35:30,965 --> 00:35:33,233
[EXHALES SLOWLY]
842
00:35:34,836 --> 00:35:36,938
You talk to any of the girls
at the clinic?
843
00:35:36,971 --> 00:35:38,673
A few of them have called.
844
00:35:40,742 --> 00:35:42,043
[ELAINE SIGHS]
845
00:35:42,076 --> 00:35:43,210
I miss it.
846
00:35:43,243 --> 00:35:45,880
Boys, never retire.
847
00:35:45,913 --> 00:35:47,849
Keith, never retire.
848
00:35:47,882 --> 00:35:50,183
Kevin, if you ever get a job,
never retire.
849
00:35:50,217 --> 00:35:51,385
I have a job.
850
00:35:51,418 --> 00:35:53,387
Yet you still live
with Ma and Dad.
851
00:35:53,420 --> 00:35:55,322
Oh, you're
some big professional now
852
00:35:55,355 --> 00:35:57,457
'cause you're fucking king dork
on YouTube?
853
00:35:57,491 --> 00:35:59,027
Just one of many dorks.
[SCOFFS]
854
00:35:59,060 --> 00:36:00,862
This asshole thinks
he's Jimmy Buffett now.
855
00:36:00,895 --> 00:36:02,462
Come on.
KEITH: Warren Buffett.
856
00:36:02,496 --> 00:36:04,632
Warren Buffett.
See?
857
00:36:04,666 --> 00:36:07,501
You're not either of
the Buffetts... Kitty.
858
00:36:10,705 --> 00:36:11,906
You're Ballz?
859
00:36:15,076 --> 00:36:17,011
Hey!
STEVE GILL: Ah, good Christ.
860
00:36:17,045 --> 00:36:18,378
Fellas. Ugh.
KEVIN: Ma!
861
00:36:18,412 --> 00:36:20,380
Drop! Stop it!
862
00:36:24,886 --> 00:36:27,021
DoorDash is not a job.
863
00:36:27,055 --> 00:36:28,488
MassMutual is a job.
864
00:36:28,523 --> 00:36:30,257
A job's got business cards.
DoorDash is a job.
865
00:36:30,290 --> 00:36:32,060
Okay? I'm a first responder.
866
00:36:32,093 --> 00:36:34,896
And second of all, Ma, nobody
uses business cards anymore.
867
00:36:36,263 --> 00:36:38,132
We're proud of you, honey.
868
00:36:39,266 --> 00:36:40,535
Get a room.
869
00:36:40,568 --> 00:36:42,469
[♪♪♪]
870
00:36:53,648 --> 00:36:54,782
[SNIFFLES]
871
00:37:00,487 --> 00:37:02,190
Take your time.
872
00:37:02,222 --> 00:37:04,092
I'll be in the car.
873
00:37:15,069 --> 00:37:16,604
Yeah.
874
00:37:25,479 --> 00:37:26,814
[WHISPERS]
Love you.
875
00:37:28,683 --> 00:37:31,619
[♪♪♪]
876
00:37:50,838 --> 00:37:52,305
GABE [VOICE-OVER]:
It has been dragging on.
877
00:37:52,339 --> 00:37:53,808
Honestly, I don't know
when we're gonna
878
00:37:53,841 --> 00:37:55,076
be able to start demo,
879
00:37:55,109 --> 00:37:56,911
'cause local ordinances
are a nightmare.
880
00:37:56,944 --> 00:37:58,445
KEN [VOICE-OVER]:
My heart bleeds for you,
881
00:37:58,478 --> 00:37:59,847
having to borrow
a tennis court.
882
00:37:59,881 --> 00:38:01,616
"Borrower is slave
to the lender."
883
00:38:01,649 --> 00:38:02,850
Is that Buffett?
884
00:38:02,884 --> 00:38:04,652
It's the Bible.
Uh, Proverbs.
885
00:38:04,685 --> 00:38:06,120
My grandpa Melvin
used to say it.
886
00:38:06,154 --> 00:38:07,487
When he was starting
his convenience store,
887
00:38:07,522 --> 00:38:08,823
he refused to borrow
one dollar.
888
00:38:08,856 --> 00:38:10,124
It was a point of pride.
889
00:38:10,158 --> 00:38:11,793
Ah, yes,
your humble beginnings.
890
00:38:11,826 --> 00:38:13,194
Grandpa Melvin Capital,
891
00:38:13,227 --> 00:38:15,930
now with 16 billion
under management.
892
00:38:15,963 --> 00:38:17,497
Better than "Citadel."
893
00:38:17,532 --> 00:38:19,167
You sound like
you're preparing for war.
894
00:38:19,200 --> 00:38:21,669
I'm a man of the people.
You rented out a resort,
895
00:38:21,702 --> 00:38:23,504
relocated
your entire firm here
896
00:38:23,538 --> 00:38:25,039
so you could stay open
during lockdown.
897
00:38:25,072 --> 00:38:27,008
Says the man who flew
his whole firm down private
898
00:38:27,041 --> 00:38:28,341
just for a party.
899
00:38:28,375 --> 00:38:29,877
And anyway, what kind
of company shuts down
900
00:38:29,911 --> 00:38:31,979
just 'cause the government
tells them to?
901
00:38:32,013 --> 00:38:34,314
All the ones
in your short portfolio.
902
00:38:34,347 --> 00:38:36,150
And yours.
Ah.
903
00:38:36,184 --> 00:38:37,552
[VOICE-OVER]
All except for one, actually.
904
00:38:37,585 --> 00:38:38,786
KEN [VOICE-OVER]
Which one?
905
00:38:38,820 --> 00:38:40,855
GABE: GameStop.
KEN: How?
906
00:38:40,888 --> 00:38:43,524
GABE:
They sell
computer mouses. Mice?
907
00:38:43,558 --> 00:38:45,560
Uh, they claim it makes them
an essential business.
908
00:38:45,593 --> 00:38:48,162
KEN:
That is the smartest,
dumbest thing I've ever heard.
909
00:38:48,196 --> 00:38:49,396
GABE:
I know.
It's actually a fun one.
910
00:38:49,429 --> 00:38:50,965
The revenue's in the toilet.
911
00:38:50,998 --> 00:38:53,801
632 million net loss last year.
912
00:38:53,835 --> 00:38:56,804
They'd be better off just
burning the whole company down.
913
00:38:56,838 --> 00:38:58,906
The stock, though,
it has been volatile.
914
00:38:58,940 --> 00:38:59,974
It's been up.
915
00:39:00,007 --> 00:39:02,543
Buybacks?
Retail traders.
916
00:39:02,577 --> 00:39:04,178
[LAUGHS]
917
00:39:04,212 --> 00:39:05,213
Bro, I don't have it, bro.
918
00:39:05,246 --> 00:39:06,647
Damn, brother.
Sorry, man.
919
00:39:06,681 --> 00:39:07,815
Have a good one, bro.
Yeah, yeah, yeah.
920
00:39:07,849 --> 00:39:08,883
Yo, stay up, though.
Yeah.
921
00:39:08,916 --> 00:39:09,917
A'ight, bro.
A'ight.
922
00:39:15,523 --> 00:39:17,424
I'm gonna put these back
real quick.
923
00:39:24,632 --> 00:39:26,734
Hey, Marcos.
924
00:39:26,767 --> 00:39:29,003
Yes, Bradley?
925
00:39:29,036 --> 00:39:31,772
Uh, I... I love how you engaged
with that customer,
926
00:39:31,806 --> 00:39:34,709
but we really want to close
those pre-owned sales.
927
00:39:34,742 --> 00:39:37,078
The margin's more than double.
Oh, shit, double.
928
00:39:37,111 --> 00:39:38,913
Yeah, you didn't do
any of the five prongs, dude
929
00:39:38,946 --> 00:39:40,915
pre-orders, reward card
subscriptions, used sales,
930
00:39:40,948 --> 00:39:42,516
new sales, trade-ins.
931
00:39:42,550 --> 00:39:44,085
Yeah, I mean,
when I was a 16-year-old gamer,
932
00:39:44,118 --> 00:39:46,087
all I wanted was
a reward card subscription.
933
00:39:46,120 --> 00:39:47,855
Five dollars
cash back monthly.
934
00:39:47,889 --> 00:39:49,790
20 points
for every dollar spent.
935
00:39:49,824 --> 00:39:51,626
Don't get me started.
A lot of really smart people
936
00:39:51,659 --> 00:39:53,393
in corporate
put this plan together.
937
00:39:53,426 --> 00:39:55,930
Yeah, but have any of them
ever played a video game?
938
00:39:55,963 --> 00:39:58,799
Uh, it doesn't matter, Marcos,
because they own our asses.
939
00:39:58,833 --> 00:40:02,402
Yo, they don't
own my ass, so...
940
00:40:02,435 --> 00:40:03,604
They do.
941
00:40:03,638 --> 00:40:05,072
And they always will.
942
00:40:07,474 --> 00:40:09,110
Mask.
943
00:40:11,145 --> 00:40:12,280
Hey, Bradley.
944
00:40:15,583 --> 00:40:17,484
You ever heard of
a short squeeze?
945
00:40:25,126 --> 00:40:27,028
[WHISPERS]
Is that a sexual thing?
946
00:40:29,030 --> 00:40:30,331
No.
947
00:40:30,364 --> 00:40:31,632
[WOMAN WHOOPS]
948
00:40:31,666 --> 00:40:33,167
Oh, yeah!
949
00:40:33,200 --> 00:40:34,802
STEPHEN COLBERT:
Here-Here's what's going on.
950
00:40:34,835 --> 00:40:38,005
Late last year, hedge funds
started shorting stock
951
00:40:38,039 --> 00:40:40,473
in the retail store GameStop,
952
00:40:40,508 --> 00:40:44,078
meaning they had bet against it
and needed it to drop in price
953
00:40:44,111 --> 00:40:45,947
for their investments
to be successful.
954
00:40:45,980 --> 00:40:47,848
Now, unfortunately
for the hedge funds,
955
00:40:47,882 --> 00:40:51,352
small investors
started buying the stock,
956
00:40:51,385 --> 00:40:53,486
led by something called
WallStreetBets,
957
00:40:53,521 --> 00:40:57,091
a popular, juvenile,
foul-mouthed Reddit page.
958
00:40:57,124 --> 00:40:59,694
And when WallStreetBets noticed
that hedge funds had taken
959
00:40:59,727 --> 00:41:03,130
a large short position
in GameStop stock,
960
00:41:03,164 --> 00:41:05,533
they decided to punish
the Wall Street big boys
961
00:41:05,566 --> 00:41:08,803
and launched
a coordinated buying spree.
962
00:41:08,836 --> 00:41:12,039
The revolutionaries on Reddit
are spanking Wall Street's ass.
963
00:41:12,073 --> 00:41:14,208
GameStop shares
absolutely going nuts.
964
00:41:14,241 --> 00:41:18,145
I think, um, it was up
over 70% at one point.
965
00:41:18,179 --> 00:41:20,815
Massive short squeeze, closing
there with a gain of 51%...
966
00:41:20,848 --> 00:41:22,550
KEITH:
Show me the tendies!
967
00:41:22,583 --> 00:41:24,652
NEWSMAN:
...after traders
on message boards...
968
00:41:24,685 --> 00:41:28,155
[YELLING WILDLY]
969
00:41:28,189 --> 00:41:29,489
What?!
970
00:41:29,523 --> 00:41:31,359
Happy Wednesday!
971
00:41:31,392 --> 00:41:33,127
Happy hump day!
972
00:41:33,160 --> 00:41:34,494
Gee-- I mean, look at this!
973
00:41:34,528 --> 00:41:35,863
Look at this shit!
974
00:41:35,896 --> 00:41:38,199
A 90% increase in one day?
975
00:41:38,232 --> 00:41:39,734
In one fucking day?
976
00:41:39,767 --> 00:41:42,536
[HOWLING]
We're going to the moon!
977
00:41:42,570 --> 00:41:45,706
[LAUGHING]
Whoa!
978
00:41:45,740 --> 00:41:48,309
Okay, now if you've been
watching this price action,
979
00:41:48,342 --> 00:41:50,511
this is what I'm talking about.
Yeah, but you can really feel
980
00:41:50,544 --> 00:41:52,046
that panic
from Wall Street, right?
981
00:41:52,079 --> 00:41:53,647
When they start-starting
to feel a little squeeze.
982
00:41:53,681 --> 00:41:55,082
Starting to feel--
You're starting to really feel
983
00:41:55,116 --> 00:41:56,517
a little squeeze.
Oh, I need a drink.
984
00:41:56,550 --> 00:41:58,252
I need a drink.
I know we all drinking tonight.
985
00:41:58,285 --> 00:41:59,854
We fucking did it.
986
00:41:59,887 --> 00:42:02,056
We started from the bottom,
and now we're here!
987
00:42:02,089 --> 00:42:03,924
["I'D DO ANYTHING FOR LOVE"
BY MEAT LOAF PLAYING]
988
00:42:03,958 --> 00:42:05,993
Let's raise a glass.
989
00:42:06,027 --> 00:42:08,896
To a great company
that's undervalued.
990
00:42:08,929 --> 00:42:09,897
Cheers.
991
00:42:09,930 --> 00:42:11,699
Soon may the Tendieman come.
992
00:42:11,732 --> 00:42:14,101
Show me the tendies.
Show me the tendies.
993
00:42:14,135 --> 00:42:15,369
I got 'em right here.
994
00:42:15,403 --> 00:42:16,570
Show me the tendies.
995
00:42:16,604 --> 00:42:19,006
I just got to...
I just got to dip.
996
00:42:19,040 --> 00:42:20,441
I just... I just got to dip.
997
00:42:20,474 --> 00:42:22,109
[GRUNTS]
998
00:42:22,143 --> 00:42:23,778
Mmm.
999
00:42:23,811 --> 00:42:26,580
♪ No way, and I would do ♪
1000
00:42:26,614 --> 00:42:29,383
Mmm, mmm, mmm, mmm, mmm.
♪ Anything for... ♪
1001
00:42:29,417 --> 00:42:31,085
11 fucking million dollars?!
1002
00:42:31,118 --> 00:42:32,253
[OVER SPEAKERPHONE]:
What the fuck?!
1003
00:42:32,286 --> 00:42:33,754
Oh, language.
The baby's here.
1004
00:42:33,788 --> 00:42:34,789
KEVIN:
What are you gonna do?
1005
00:42:34,822 --> 00:42:37,124
Get a Ferrari? A Lambo?
1006
00:42:37,158 --> 00:42:38,859
Caroline, you're gonna ask
for a big diamond, right?
1007
00:42:38,893 --> 00:42:40,261
I have a diamond.
1008
00:42:40,294 --> 00:42:41,862
Keith, you get
a fucking diamond!
1009
00:42:41,896 --> 00:42:43,631
If I were you, I'd look like
DJ Khaled right now.
1010
00:42:43,664 --> 00:42:45,266
Kev, it's not real.
1011
00:42:45,299 --> 00:42:46,901
I mean, it's real,
but it's just paper.
1012
00:42:46,934 --> 00:42:48,702
Just on paper?
1013
00:42:48,736 --> 00:42:49,970
You're gonna sell, right?
1014
00:42:50,004 --> 00:42:51,872
No!
May...
1015
00:42:51,906 --> 00:42:53,607
I mean, I don't know.
[CHUCKLES]
1016
00:42:53,641 --> 00:42:56,444
Uh, we... we haven't
talked about it.
1017
00:42:56,477 --> 00:42:58,145
What the fuck
is wrong with you?
1018
00:42:58,179 --> 00:43:00,114
I'm riding Mom's bike
every day to Dorchester
1019
00:43:00,147 --> 00:43:01,482
to drop off cheeseburgers
1020
00:43:01,516 --> 00:43:02,817
'cause you won't let me
use your fucking car,
1021
00:43:02,850 --> 00:43:03,884
and you're
Mr. "Oh, I won't sell
1022
00:43:03,918 --> 00:43:05,554
and take millions of dollars."
1023
00:43:05,586 --> 00:43:07,288
And, well, what you do
with your life is your choice.
1024
00:43:07,321 --> 00:43:08,823
You think I wanted
to get laid off from Dick's
1025
00:43:08,856 --> 00:43:10,157
during a global pandemic?
1026
00:43:10,191 --> 00:43:11,459
I love those sneakers, man.
1027
00:43:11,492 --> 00:43:13,394
I love that store.
I love Dick's.
1028
00:43:13,427 --> 00:43:14,762
Mom's bike
doesn't even have gears.
1029
00:43:14,795 --> 00:43:16,730
We don't even know
if it's reached the top.
1030
00:43:16,764 --> 00:43:19,500
The stock, uh, jumped
like 23% yesterday,
1031
00:43:19,534 --> 00:43:21,402
double from Friday's close.
But he's right.
1032
00:43:21,435 --> 00:43:23,637
I mean, 11 million dollars
is a lot of fucking dough.
1033
00:43:23,671 --> 00:43:25,072
Thank you!
KEITH: Okay, yes,
1034
00:43:25,106 --> 00:43:27,975
but since Ryan Cohen
joined the board, the...
1035
00:43:28,008 --> 00:43:29,343
This fucking guy.
1036
00:43:29,376 --> 00:43:30,579
...and a two billion
market cap.
1037
00:43:30,611 --> 00:43:31,812
I mean, could it go...
[SPUTTERS]
1038
00:43:31,846 --> 00:43:33,080
Yeah, but that's not
what I'm seeing.
1039
00:43:33,114 --> 00:43:34,715
That's not
what I'm seeing, Kev.
1040
00:43:35,883 --> 00:43:37,552
Kev? You there?
1041
00:43:40,221 --> 00:43:42,490
Did he hang up?
Yeah.
1042
00:43:43,891 --> 00:43:45,226
[EXCLAIMS]
1043
00:43:52,399 --> 00:43:53,934
[SIGHS]
1044
00:43:53,968 --> 00:43:55,669
Fuck, I think hold.
1045
00:43:59,073 --> 00:44:00,374
CHRIS [QUIETLY]:
Girl, you got to sell.
1046
00:44:00,407 --> 00:44:01,610
JENNY [SINGSONGY]:
I'm not selling.
1047
00:44:01,642 --> 00:44:02,977
CHRIS:
How much are you up?
1048
00:44:03,010 --> 00:44:04,979
JENNY [WHISPERS]:
$58,000 and some change.
1049
00:44:05,012 --> 00:44:07,549
[MAN TALKING INDISTINCTLY]
[CHRIS SCOFFING QUIETLY]
1050
00:44:07,582 --> 00:44:10,117
Baby girl, what the fuck?
1051
00:44:10,151 --> 00:44:11,785
You need to get out
while you can.
1052
00:44:11,819 --> 00:44:13,020
Don't be an idiot.
1053
00:44:13,053 --> 00:44:15,022
You remember red headband guy?
1054
00:44:15,055 --> 00:44:18,159
He's worth 11 million dollars,
and he's not selling.
1055
00:44:18,192 --> 00:44:20,327
No fucking way.
Yes fucking way.
1056
00:44:20,361 --> 00:44:22,863
This is what I'm telling you.
Diamond hands.
1057
00:44:23,931 --> 00:44:25,699
Diamond hands.
1058
00:44:25,733 --> 00:44:27,501
You hold the line
no matter what the market does,
1059
00:44:27,536 --> 00:44:28,969
no matter
what Wall Street says.
1060
00:44:29,003 --> 00:44:30,804
What happens
when everyone else sells first
1061
00:44:30,838 --> 00:44:32,139
and before you get out
1062
00:44:32,173 --> 00:44:33,741
you've lost all your money?
1063
00:44:33,774 --> 00:44:35,676
WOMAN:
Are there any volunteers?
1064
00:44:35,709 --> 00:44:37,512
I'm...
MAN: Anyone?
1065
00:44:37,546 --> 00:44:39,581
We're gonna hold the line.
WOMAN: Come on.
1066
00:44:39,614 --> 00:44:41,616
Someone has to go first.
Okay, yeah. I'll do it.
1067
00:44:47,188 --> 00:44:48,657
Here we go,
everyone.
1068
00:44:48,689 --> 00:44:51,660
The first COVID vaccine
at Pittsburgh Presbyterian.
1069
00:44:51,692 --> 00:44:53,093
RIRI [VOICE-OVER]:
Ah!
1070
00:44:53,127 --> 00:44:55,262
Fuck! Fuck! Fuck!
1071
00:44:55,296 --> 00:44:58,465
Guys, we need your help.
What should we do?
1072
00:44:59,967 --> 00:45:01,702
So, listen, my girl
bought in under 20,
1073
00:45:01,735 --> 00:45:03,938
and now it is over 60.
1074
00:45:03,971 --> 00:45:05,574
So, like, should she sell?
1075
00:45:05,607 --> 00:45:08,943
On the one hand,
she has principles.
1076
00:45:08,976 --> 00:45:12,279
On the other, she has 100K
in student debt, so...
1077
00:45:12,313 --> 00:45:14,048
PROFESSOR:
One way that
you could think about
1078
00:45:14,081 --> 00:45:17,686
the comparison between Marxism
and Utilitarian tradition
1079
00:45:17,718 --> 00:45:21,388
is that they both have a micro
story and a macro story.
1080
00:45:21,422 --> 00:45:23,757
When you think of
utilitarian tradition...
1081
00:45:23,791 --> 00:45:26,126
The only thing
that would convince her to sell
1082
00:45:26,160 --> 00:45:27,995
is if Roaring Kitty sold.
1083
00:45:29,463 --> 00:45:31,799
So, where my pussy at?
1084
00:45:31,832 --> 00:45:35,035
PROFESSOR:
You have the micro story
for the Pareto principle
1085
00:45:35,069 --> 00:45:38,038
for how each individual action
will go.
1086
00:45:38,072 --> 00:45:39,740
But you also have
a macro story...
1087
00:45:39,773 --> 00:45:41,108
RIRI [OVER LAPTOP]:
Where my pussy at?
1088
00:45:41,141 --> 00:45:43,244
Where my pussy at?
Where my pussy at?!
1089
00:45:43,277 --> 00:45:44,979
Sorry.
Where my pussy
1090
00:45:45,012 --> 00:45:47,281
at...?!
[LAUGHTER]
1091
00:45:47,314 --> 00:45:48,816
HARMONY:
I'm so sorry.
1092
00:45:48,849 --> 00:45:50,417
♪ Hey, hey ♪
1093
00:45:50,451 --> 00:45:52,319
♪ Where my pussy at? Ha! ♪
1094
00:45:52,353 --> 00:45:54,589
Where is my pussy at?!
Not in here.
1095
00:46:01,529 --> 00:46:03,464
[♪♪♪]
1096
00:46:15,976 --> 00:46:17,778
RIRI: Whoa.
[LIVELY CHATTER]
1097
00:46:17,811 --> 00:46:20,347
Wait. Listen. Hold on.
1098
00:46:20,381 --> 00:46:22,950
[VOICE-OVER]:
"Future generations
will look back
1099
00:46:22,983 --> 00:46:25,352
"and say, 'Good men stood here.
1100
00:46:25,386 --> 00:46:28,088
"Good men fought and died
on this ground,'
1101
00:46:28,122 --> 00:46:30,124
"as they point to
a TradingView daily chart
1102
00:46:30,157 --> 00:46:32,761
"of GME zoomed in on January.
1103
00:46:32,793 --> 00:46:34,995
[VOICE-OVER]:
"Since the spawn
of the stonk market,
1104
00:46:35,029 --> 00:46:37,699
"two classes of people have been
pitted against each other..."
1105
00:46:37,732 --> 00:46:40,467
"...eternal enemies, forever
forced and fated to combat
1106
00:46:40,501 --> 00:46:41,770
lions and hyenas."
1107
00:46:41,802 --> 00:46:43,772
MARCOS [VOICE-OVER]:
"These lions,
1108
00:46:43,804 --> 00:46:46,106
"these Wall Street hedge funds
have it all
1109
00:46:46,140 --> 00:46:47,274
"billions of dollars,
1110
00:46:47,308 --> 00:46:49,310
"bailouts for reckless trades.
1111
00:46:49,343 --> 00:46:52,313
These dirty fucking
criminal bastards."
1112
00:46:52,346 --> 00:46:56,984
Yup, these fucking...
motherfuckers.
1113
00:46:57,017 --> 00:46:58,553
[VOICE-OVER]
"And then there's us,
1114
00:46:58,586 --> 00:47:01,455
"the working man,
the average joe.
1115
00:47:01,488 --> 00:47:03,725
"What do we have?
1116
00:47:03,758 --> 00:47:06,695
"What the fuck do we have?
1117
00:47:06,728 --> 00:47:08,697
They literally call us
'dumb money.'"
1118
00:47:08,730 --> 00:47:10,532
KEVIN [VOICE-OVER]:
"These lions,
these hedge fund guys,
1119
00:47:10,565 --> 00:47:12,534
"were born with silver spoons
in their mouths.
1120
00:47:12,567 --> 00:47:14,168
"The top one percent
of the one percent.
1121
00:47:14,201 --> 00:47:15,737
"They have
massive bank accounts,
1122
00:47:15,770 --> 00:47:17,838
eat medium rare,
grade A Wagyu steak..."
1123
00:47:17,871 --> 00:47:20,207
What the fuck is that?
That sounds delicious.
1124
00:47:20,240 --> 00:47:22,711
"...with truffle shavings
for lunch." Fuck.
1125
00:47:22,744 --> 00:47:24,646
"They frequent
the finest strip clubs.
1126
00:47:24,679 --> 00:47:26,648
They have blow and escorts
on their yacht parties."
1127
00:47:26,681 --> 00:47:28,248
Why do we hate these guys?
1128
00:47:28,282 --> 00:47:30,585
"Then you know what
they will tell these escorts?"
1129
00:47:30,618 --> 00:47:32,853
What's an escort?
Stop listening.
1130
00:47:32,886 --> 00:47:34,756
"When the smoking hot blonde
asks them,
1131
00:47:34,789 --> 00:47:37,692
'Like, how do you have
so much money?'" [CHUCKLES]
1132
00:47:37,726 --> 00:47:39,828
"You know what they say?
They say..." [CHUCKLES]
1133
00:47:39,860 --> 00:47:42,697
"'Dumb money, babe.
Dumb money.'"
1134
00:47:44,766 --> 00:47:47,736
AXL: Something is burning.
[SMOKE ALARM BEEPING]
1135
00:47:47,769 --> 00:47:50,337
Oh. Damn it.
1136
00:47:50,371 --> 00:47:52,072
Shit.
You said "shit."
1137
00:47:56,811 --> 00:47:58,278
[BEEPS]
1138
00:48:00,782 --> 00:48:02,916
MARCOS [VOICE-OVER]:
"Last, the GME trade is about
1139
00:48:02,950 --> 00:48:05,085
"class warfare,
plain and simple.
1140
00:48:05,119 --> 00:48:07,187
[WATCH BEEPS]
"We may be hyenas, yes,
1141
00:48:07,221 --> 00:48:09,056
"but guess what.
1142
00:48:09,089 --> 00:48:12,393
You put enough of us together,
and we can destroy a lion."
1143
00:48:12,426 --> 00:48:13,460
[LAUGHTER, LIVELY CHATTER]
1144
00:48:13,494 --> 00:48:15,396
It's on, motherfuckers.
1145
00:48:15,429 --> 00:48:18,566
[HOWLING]
1146
00:48:18,600 --> 00:48:21,034
[VOICE-OVER]
Oh, we coming for y'all.
1147
00:48:21,068 --> 00:48:22,804
Y'all better get ready.
1148
00:48:22,837 --> 00:48:24,071
We fucking coming for you.
1149
00:48:24,104 --> 00:48:27,374
That is some nerdy shit, man.
1150
00:48:27,408 --> 00:48:29,778
My brother is a fucking nerd.
1151
00:48:30,845 --> 00:48:32,647
[PANTING]
1152
00:48:32,680 --> 00:48:33,615
[BEEPS]
1153
00:48:36,917 --> 00:48:38,419
Fuck!
1154
00:48:42,022 --> 00:48:43,991
[FOOTSTEPS RUNNING]
[KIDS SQUEALING IN DISTANCE]
1155
00:48:44,024 --> 00:48:46,828
Counting down from five, and
then I'm coming back in there,
1156
00:48:46,861 --> 00:48:48,797
and I don't think
you want that.
1157
00:48:50,364 --> 00:48:51,432
Five.
1158
00:48:51,465 --> 00:48:54,435
Four.
Three! Two!
1159
00:48:54,468 --> 00:48:56,236
[SQUEALING AND RUNNING]
1160
00:48:56,270 --> 00:48:57,639
Thank you. [CHUCKLES]
1161
00:48:57,672 --> 00:48:59,473
How was your day?
Long.
1162
00:48:59,507 --> 00:49:02,009
It's so hard to keep them
focused on Zoom school.
1163
00:49:02,042 --> 00:49:04,512
They're just not into it.
1164
00:49:04,546 --> 00:49:06,514
How was your day?
1165
00:49:06,548 --> 00:49:08,148
GABE [MOUTH FULL]:
Good.
1166
00:49:09,983 --> 00:49:12,486
You're not worried about
the short squeeze thing?
1167
00:49:12,520 --> 00:49:14,589
The dam will break next week.
1168
00:49:14,622 --> 00:49:16,256
A few of them will decide
it's gone high enough,
1169
00:49:16,290 --> 00:49:18,192
they'll cash out,
the rest will follow,
1170
00:49:18,225 --> 00:49:20,260
whole thing will come
crashing down.
1171
00:49:20,294 --> 00:49:24,198
I can't think of the last short
squeeze that actually worked.
1172
00:49:24,231 --> 00:49:25,700
Ackman and Herbalife.
1173
00:49:25,733 --> 00:49:28,469
Before that, Piggly Wiggly.
[CHUCKLES]
1174
00:49:28,502 --> 00:49:29,637
Piggly Wiggly?
1175
00:49:29,671 --> 00:49:31,606
Yeah, 1923, a bear cartel
1176
00:49:31,639 --> 00:49:34,308
was shorting the Piggly Wiggly
grocery store.
1177
00:49:34,341 --> 00:49:36,544
Founder, he takes out a loan
1178
00:49:36,578 --> 00:49:39,346
for what would be
$150 million today.
1179
00:49:39,379 --> 00:49:41,716
He buys back almost all the
stock, like 99% of the stock.
1180
00:49:41,749 --> 00:49:43,852
The price of the stock
goes up 50%.
1181
00:49:43,885 --> 00:49:46,386
How much is GameStop up?
Then the exchange,
1182
00:49:46,420 --> 00:49:48,288
they-they-they halt trading
on the stock
1183
00:49:48,322 --> 00:49:51,158
so the short sellers
can cover their positions.
1184
00:49:51,191 --> 00:49:52,627
Is that legal?
1185
00:49:52,660 --> 00:49:56,330
The founder had
to declare bankruptcy, so...
1186
00:49:56,363 --> 00:49:58,398
it was all fine in the end.
1187
00:49:58,432 --> 00:50:01,569
And you knew all that
or you looked it up?
1188
00:50:01,603 --> 00:50:03,605
Every fund manager
knows that story.
1189
00:50:07,742 --> 00:50:09,677
You looked it up.
[CHUCKLES SOFTLY]
1190
00:50:10,945 --> 00:50:13,080
Double-checked
some numbers maybe.
1191
00:50:22,122 --> 00:50:25,325
STEVE [GROANS]:
Do you see what's
going on at GME?
1192
00:50:25,359 --> 00:50:26,861
GABE:
There's more of these idiots?
1193
00:50:26,895 --> 00:50:28,663
A lot more.
GABE: They won't
hold much longer.
1194
00:50:28,696 --> 00:50:31,398
STEVE:
Oh, Gabe, honey,
they're holding.
1195
00:50:31,431 --> 00:50:33,400
It just crossed a hundred.
1196
00:50:33,433 --> 00:50:35,570
[NEWSCAST PLAYING INDISTINCTLY
OVER TV]
1197
00:50:35,603 --> 00:50:37,572
Gabe?
1198
00:50:37,605 --> 00:50:38,973
Where are you?
1199
00:50:43,076 --> 00:50:45,279
You should probably dial in.
1200
00:50:45,312 --> 00:50:46,915
Yeah, be on in one sec.
1201
00:50:46,948 --> 00:50:49,449
NEWSMAN:
GameStop, extraordinary
volatility today.
1202
00:50:49,483 --> 00:50:51,886
You know, we might want to
make this the stock of the day
1203
00:50:51,920 --> 00:50:54,522
now that it's gaining 103%.
1204
00:50:54,556 --> 00:50:55,924
That is volatility.
NEWSMAN 2: I will tell you,
1205
00:50:55,957 --> 00:50:57,190
I've never seen
anything like it.
1206
00:50:57,224 --> 00:51:00,528
Uh, I'm concerned
about it deeply.
1207
00:51:00,562 --> 00:51:02,095
I'm calling it
the ultimate short squeeze.
1208
00:51:02,129 --> 00:51:04,766
How much money is being made?
Holy fucking shit.
1209
00:51:04,799 --> 00:51:07,100
...now we're gonna talk about
GameStop. Those shares...
1210
00:51:07,134 --> 00:51:08,903
Holy fucking shit.
...that stock is earning about
1211
00:51:08,937 --> 00:51:11,573
130% today,
as bullish retail traders
1212
00:51:11,606 --> 00:51:13,240
frenetically buy shares.
Holy fucking shit.
1213
00:51:13,273 --> 00:51:14,609
Yo, holy shit!
1214
00:51:14,642 --> 00:51:16,410
Shit balls!
1215
00:51:16,443 --> 00:51:18,713
Holy shit!
NEWSWOMAN: You look at the chart
1216
00:51:18,746 --> 00:51:21,315
for the month, it's up 220%.
RIRI: Oh, fuck!
1217
00:51:21,348 --> 00:51:23,618
Everything okay?
Oh, there, yeah. It's crazy.
1218
00:51:23,651 --> 00:51:27,154
Holy fucking shit.
Holy fucking shit.
1219
00:51:27,187 --> 00:51:30,257
...if you go short in some of
these elaborate options trades,
1220
00:51:30,290 --> 00:51:32,459
you can lose money to infinity.
1221
00:51:32,492 --> 00:51:34,996
NEWSMAN 3:
GameStop now, uh,
123 and change,
1222
00:51:35,029 --> 00:51:36,129
another record high.
1223
00:51:36,163 --> 00:51:37,497
Holy fucking shit.
1224
00:51:37,532 --> 00:51:38,766
NEWSMAN 4:
...completely disconnected from
1225
00:51:38,800 --> 00:51:40,267
the fundamentals, and this is
1226
00:51:40,300 --> 00:51:42,502
very much being driven by
retail investors,
1227
00:51:42,537 --> 00:51:44,171
many of them
trading on Robinhood.
1228
00:51:44,204 --> 00:51:45,573
NEWSMAN 2:
When the music stops,
1229
00:51:45,607 --> 00:51:47,174
somebody is gonna be left
without a seat.
1230
00:51:47,207 --> 00:51:49,409
This is for casino money only.
1231
00:51:49,443 --> 00:51:51,079
We're literally putting
the "game" in GameStop.
1232
00:51:51,111 --> 00:51:52,981
...GameStop is the craziest
I think I've ever seen.
1233
00:51:53,014 --> 00:51:56,818
True investors never heard
of Reddit a few years ago,
1234
00:51:56,851 --> 00:51:58,352
but for that to drive
a short squeeze...
1235
00:51:58,385 --> 00:51:59,621
NEWSMAN 5:
It is WallStreetBets.
1236
00:51:59,654 --> 00:52:01,022
It's worth going to the site
1237
00:52:01,055 --> 00:52:02,924
because it's
incredibly compelling.
1238
00:52:02,957 --> 00:52:05,760
You may think it's fraught,
but they're using arguments
1239
00:52:05,793 --> 00:52:08,261
that they think, uh,
hold up under scrutiny.
1240
00:52:08,295 --> 00:52:10,297
I just like the stock.
HARMONY: I can't look.
1241
00:52:10,330 --> 00:52:12,466
I can't look. I can't look.
It's up another four percent.
1242
00:52:12,499 --> 00:52:13,835
I'm gonna have
a fucking heart attack.
1243
00:52:13,868 --> 00:52:15,335
Should we sell?
And betray your boyfriend?
1244
00:52:15,369 --> 00:52:17,337
Absolutely not. No. Maybe.
1245
00:52:17,371 --> 00:52:19,007
DAVID FABER:
Uh, the stock's up 581%.
1246
00:52:19,040 --> 00:52:20,842
[OVERLAPPING CHATTER]
They are being very specific.
1247
00:52:20,875 --> 00:52:22,209
To break the shorts.
Yes.
1248
00:52:22,242 --> 00:52:24,012
I mean, what's going on
at GameStop right now
1249
00:52:24,045 --> 00:52:26,179
conceivably could take
a couple of firms out,
1250
00:52:26,213 --> 00:52:29,017
hedge funds, if they were
s-stupid enough to be short.
1251
00:52:29,050 --> 00:52:30,985
Babe, how much
did we make today?
1252
00:52:32,219 --> 00:52:33,387
Five million.
1253
00:52:33,420 --> 00:52:35,556
And yesterday?
1254
00:52:35,590 --> 00:52:37,659
Four million.
1255
00:52:39,060 --> 00:52:40,028
Babe.
1256
00:52:40,061 --> 00:52:41,696
Yeah?
1257
00:52:42,864 --> 00:52:45,365
We're, like,
really fucking rich.
1258
00:52:52,106 --> 00:52:53,775
How much did we lose today?
1259
00:52:56,209 --> 00:52:57,210
A billion.
1260
00:52:59,714 --> 00:53:00,748
And yesterday?
1261
00:53:02,449 --> 00:53:03,785
A billion.
1262
00:53:07,021 --> 00:53:08,756
[GROANS]
NEWSMAN 2: Some news
1263
00:53:08,790 --> 00:53:11,258
to bring you right now is that
Melvin Capital Management--
1264
00:53:11,291 --> 00:53:15,429
this is the hedge fund that had
shorted, uh, this company,
1265
00:53:15,462 --> 00:53:18,398
that had effectively been
attacked by
1266
00:53:18,432 --> 00:53:21,102
an army of investors
trying to push up
1267
00:53:21,135 --> 00:53:23,771
and press up
the stock of GameStop--
1268
00:53:23,805 --> 00:53:26,574
they've taken, uh,
a rather huge loss...
1269
00:53:26,607 --> 00:53:30,011
WOMAN:
Sorry, if you could just
put your head up for a sec.
1270
00:53:30,044 --> 00:53:31,445
Thanks.
1271
00:53:31,478 --> 00:53:33,246
How long you been down here?
1272
00:53:33,280 --> 00:53:34,414
A few months.
1273
00:53:35,717 --> 00:53:37,451
You like the weather?
1274
00:53:39,219 --> 00:53:42,557
Heat is nice.
The humidity not-not as much.
1275
00:53:42,590 --> 00:53:44,391
I can see that. [CHUCKLES]
1276
00:53:44,424 --> 00:53:46,127
[GRUNTS SOFTLY]
1277
00:53:46,160 --> 00:53:48,295
All right, I think
you're good to go.
1278
00:53:55,970 --> 00:53:57,905
[BREATHING HEAVILY]
1279
00:54:07,949 --> 00:54:09,684
[SIGHS SOFTLY]
1280
00:54:13,788 --> 00:54:15,757
Hey.
Hey, man.
1281
00:54:15,790 --> 00:54:17,625
Hi.
It's, uh, it's good to connect.
1282
00:54:17,658 --> 00:54:18,726
You, too.
Great to be here.
1283
00:54:18,760 --> 00:54:20,061
Excited.
I'm glad you are.
1284
00:54:20,094 --> 00:54:21,562
Listen, I, uh,
I want to get right to it.
1285
00:54:21,596 --> 00:54:24,364
From what I'm hearing,
you guys are-are bankrupt.
1286
00:54:25,967 --> 00:54:27,735
[LAUGHS]
No. What? No.
1287
00:54:27,769 --> 00:54:30,905
'Cause the word on the street
is that you're-you're drowning.
1288
00:54:30,938 --> 00:54:33,273
[CHUCKLES]
No, that's... that's crazy.
1289
00:54:33,306 --> 00:54:34,274
We're-we're doing great.
1290
00:54:34,307 --> 00:54:35,576
You're on the record with that?
1291
00:54:35,610 --> 00:54:37,512
Obviously. [CHUCKLES]
All right, man.
1292
00:54:37,545 --> 00:54:40,280
Well, then we're gonna get
the live feed up right now,
1293
00:54:40,313 --> 00:54:41,616
and then we're gonna get to you
1294
00:54:41,649 --> 00:54:42,950
right after this next,
uh, advertising break.
1295
00:54:42,984 --> 00:54:44,685
Perfect. Great.
Yes, can't wait.
1296
00:54:48,556 --> 00:54:51,192
All right, one more spot,
and then you're gonna be up.
1297
00:54:51,225 --> 00:54:52,927
I-I really do think this is
1298
00:54:52,960 --> 00:54:54,361
the right time
for you to communicate.
1299
00:54:54,394 --> 00:54:56,296
Great, yes. Agreed.
Great. Mm-hmm.
1300
00:54:56,329 --> 00:54:59,066
Address it all head-on.
It's gonna, it's gonna be good.
1301
00:55:00,968 --> 00:55:01,936
No.
Come on, Gabe.
1302
00:55:01,969 --> 00:55:03,104
We're on in ten seconds.
1303
00:55:03,137 --> 00:55:04,337
I can't do this. I'm sorry.
1304
00:55:04,371 --> 00:55:05,773
Gabe, seriously.
Bye.
1305
00:55:05,807 --> 00:55:07,474
I'm terribly sorry.
Seriously, come on.
1306
00:55:07,508 --> 00:55:09,210
W-We're going on right now.
Good to see you. [MUMBLES]
1307
00:55:15,650 --> 00:55:16,751
YAARA:
Babe.
1308
00:55:17,885 --> 00:55:19,319
What's the damage?
1309
00:55:38,673 --> 00:55:40,074
[SIGHS]
1310
00:55:45,112 --> 00:55:47,048
[BIRDS CHIRPING]
[RINGTONE PLAYING]
1311
00:55:50,852 --> 00:55:52,385
Let me guess: you need cash.
1312
00:55:52,419 --> 00:55:54,922
[OVER SPEAKERPHONE]
Didn't call Ken first, did you?
1313
00:55:54,956 --> 00:55:56,724
He had Phillips reach out.
1314
00:55:56,757 --> 00:55:58,358
How much did he offer?
1315
00:55:59,459 --> 00:56:00,928
I haven't called him back yet.
1316
00:56:00,962 --> 00:56:02,530
Well, how much do you need?
1317
00:56:02,563 --> 00:56:03,764
You know what?
Don't answer that.
1318
00:56:03,798 --> 00:56:05,032
The number doesn't matter.
1319
00:56:05,066 --> 00:56:06,399
Whatever it is,
I'd love to buy in.
1320
00:56:06,433 --> 00:56:08,501
Tell Ken to fill in the rest.
1321
00:56:08,536 --> 00:56:09,704
Prick.
1322
00:56:09,737 --> 00:56:10,872
[CLEARS THROAT]
1323
00:56:10,905 --> 00:56:12,273
[PHONE RINGING AND VIBRATING]
1324
00:56:15,076 --> 00:56:16,344
GABE [OVER SPEAKERPHONE]:
Hey, Ken.
1325
00:56:16,376 --> 00:56:17,778
Hey.
Hi.
1326
00:56:17,812 --> 00:56:20,615
Um, so I might need...
1327
00:56:20,648 --> 00:56:22,750
uh...
1328
00:56:22,783 --> 00:56:24,952
a new investor.
Consider it done.
1329
00:56:24,986 --> 00:56:26,954
Just keep moving forward.
1330
00:56:26,988 --> 00:56:29,590
Don't think about what
Grandpa Melvin used to say.
1331
00:56:29,624 --> 00:56:30,825
[WHISPERS]
Prick.
1332
00:56:31,792 --> 00:56:33,393
Thank you.
1333
00:56:33,426 --> 00:56:36,063
NEWSMAN [VOICE-OVER]:
Both Citadel, uh, and Point72...
1334
00:56:36,097 --> 00:56:38,465
Poor guy. [CHUCKLES]
...have infused
1335
00:56:38,498 --> 00:56:41,903
three billion dollars
into, uh, Melvin Capital
1336
00:56:41,936 --> 00:56:43,104
to try to shore up...
1337
00:56:43,137 --> 00:56:45,039
Another goddamn bailout.
1338
00:56:45,072 --> 00:56:47,108
Can you believe this crap?
1339
00:56:47,141 --> 00:56:49,377
Nobody bailed me out
when Richard left me alone
1340
00:56:49,409 --> 00:56:52,580
with two toddlers, a mortgage,
a shit car that never works.
1341
00:56:52,613 --> 00:56:53,814
You can say "shit"
but we can't?
1342
00:56:53,848 --> 00:56:55,383
JENNY:
It's just so damn unfair,
1343
00:56:55,415 --> 00:56:56,584
and you know it.
1344
00:56:56,617 --> 00:56:57,818
All we've done
for the last year is
1345
00:56:57,852 --> 00:57:00,054
work our asses off
helping people,
1346
00:57:00,087 --> 00:57:02,657
and all we've gotten
is one $600 check.
1347
00:57:02,690 --> 00:57:05,760
This idiot effs up just about
as bad as anyone can eff,
1348
00:57:05,793 --> 00:57:08,829
and his friends come running in
with three billion dollars.
1349
00:57:08,863 --> 00:57:11,098
That's why I keep telling you
You're never gonna win.
1350
00:57:11,132 --> 00:57:12,667
Just take the money
and do something nice.
1351
00:57:12,700 --> 00:57:15,736
Pay off your mortgage.
Get that one braces.
1352
00:57:15,770 --> 00:57:17,571
Look who's still holding.
1353
00:57:17,605 --> 00:57:18,606
[SIGHS]
1354
00:57:18,639 --> 00:57:21,108
If he's in, I'm in.
1355
00:57:21,142 --> 00:57:22,643
Yeah, he's still
gonna need braces.
1356
00:57:22,677 --> 00:57:25,846
Your teeth are perfect.
So what? The stock's up $150?
1357
00:57:25,880 --> 00:57:27,782
How much higher is it gonna go?
We control the price now,
1358
00:57:27,815 --> 00:57:30,651
not Wall Street,
and no one on there is selling.
1359
00:57:30,685 --> 00:57:31,752
Shoes.
Ugh.
1360
00:57:31,786 --> 00:57:33,354
You're all so delusional.
1361
00:57:33,387 --> 00:57:34,789
JENNY:
Maybe, but look at
1362
00:57:34,822 --> 00:57:36,791
what we've managed to do
with these hedge funds.
1363
00:57:36,824 --> 00:57:38,491
If we keep
driving up the price,
1364
00:57:38,526 --> 00:57:39,961
maybe we'll scare
more of these guys
1365
00:57:39,994 --> 00:57:41,295
into closing out their shorts,
1366
00:57:41,329 --> 00:57:43,431
and then all of that
bailout money...
1367
00:57:43,463 --> 00:57:44,865
Wait.
...becomes ours.
1368
00:57:44,899 --> 00:57:47,835
Your screen name
is "StonkMom"?
1369
00:57:52,373 --> 00:57:53,341
Hey.
Help your mother.
1370
00:57:53,374 --> 00:57:54,508
Why me and not Keith?
1371
00:57:54,542 --> 00:57:56,010
Just shut up
and do it, okay?
1372
00:57:56,043 --> 00:57:58,179
Kev, take the potatoes.
'Cause you're rich now?
1373
00:57:58,212 --> 00:57:59,880
Mr. "$23 million on paper
but I won't sell."
1374
00:57:59,914 --> 00:58:03,317
Kevin, shh.
Loser says what?
1375
00:58:03,351 --> 00:58:05,853
What?
Kevin, let Keith tell them.
1376
00:58:08,990 --> 00:58:10,391
Tell us what?
1377
00:58:11,826 --> 00:58:14,161
Oh, uh, I was waiting
to tell you in person,
1378
00:58:14,195 --> 00:58:17,665
but the, uh, stock we bet on,
GameStop, is up.
1379
00:58:17,698 --> 00:58:19,834
Ah, good.
1380
00:58:19,867 --> 00:58:22,169
How much up?
He's up 23 million, Pop.
1381
00:58:22,203 --> 00:58:23,738
STEVE GILL:
You're an asshole.
1382
00:58:23,771 --> 00:58:26,574
Don't kid us.
Uh, it's-it's real.
1383
00:58:26,607 --> 00:58:29,110
Yeah, it's real,
and he's refusing to sell.
1384
00:58:30,945 --> 00:58:32,847
What is going on?
1385
00:58:32,880 --> 00:58:34,181
You're pulling our leg.
1386
00:58:34,215 --> 00:58:36,517
No. Your son's
a huge Internet celebrity now.
1387
00:58:36,550 --> 00:58:38,352
Millions of people,
including StonkMom,
1388
00:58:38,386 --> 00:58:40,087
thinks he's some, like-- I
don't know-- investment genius.
1389
00:58:40,121 --> 00:58:41,722
No, he is a genius.
No, he's not.
1390
00:58:42,857 --> 00:58:44,992
You're up 23 million?
1391
00:58:45,026 --> 00:58:46,927
[CHUCKLES]
And you're not selling?
1392
00:58:48,129 --> 00:58:49,530
Jesus, Mary and Joseph.
1393
00:58:49,563 --> 00:58:51,032
What the fuck
is wrong with you?
1394
00:58:51,065 --> 00:58:53,501
Do you even know
how much $23 million is?
1395
00:58:53,534 --> 00:58:54,602
And you're just
gonna let it ride?
1396
00:58:54,635 --> 00:58:55,669
What's the matter with you?
1397
00:58:55,703 --> 00:58:56,904
I know what I'm doing, Dad.
1398
00:58:56,937 --> 00:58:57,938
ELAINE:
But why aren't you selling?
1399
00:58:57,972 --> 00:58:59,440
What-- wait. Is this illegal?
1400
00:58:59,473 --> 00:59:01,342
Are you in trouble?
No. No, he's not in trouble.
1401
00:59:01,375 --> 00:59:02,743
It's totally legal.
KEVIN: Yeah, he's posting
1402
00:59:02,777 --> 00:59:04,011
his balance sheet
on the Internet.
What?
1403
00:59:04,045 --> 00:59:05,446
Hedge fund managers,
they go on CNBC
1404
00:59:05,479 --> 00:59:07,381
all the time
to pump up a stock.
1405
00:59:07,415 --> 00:59:09,917
All I do is post my
balance sheet on WallStreetBets
1406
00:59:09,950 --> 00:59:11,952
after market close.
1407
00:59:11,986 --> 00:59:13,421
You post your balance sheet?
1408
00:59:13,454 --> 00:59:15,456
Yeah, the same idiot
who left a fresh pair of Nikes
1409
00:59:15,489 --> 00:59:17,124
out on the bleachers
for just anyone to take.
1410
00:59:17,158 --> 00:59:18,859
So you admit they were stolen.
We got to talk about this.
1411
00:59:18,893 --> 00:59:20,461
I admit you're a fucking moron.
Least I won the race.
1412
00:59:20,494 --> 00:59:21,729
What's the point
of winning the race
1413
00:59:21,762 --> 00:59:23,197
if you let some dipshit
steal the prize?
1414
00:59:23,230 --> 00:59:24,698
You would've broke a four
if you had the Zooms on.
1415
00:59:24,732 --> 00:59:26,067
A four-minute mile
isn't everything, Kevin.
1416
00:59:26,100 --> 00:59:27,735
Maybe we should
get in touch with Briggsy.
1417
00:59:27,768 --> 00:59:29,070
You know, he works in finance.
1418
00:59:29,103 --> 00:59:30,604
Yes.
CAROLINE: You think Briggsy
1419
00:59:30,638 --> 00:59:32,306
knows more about this
than Keith does?
1420
00:59:32,339 --> 00:59:34,208
Well, can you talk about
why you're putting your stocks
1421
00:59:34,241 --> 00:59:35,743
in "The Wall Street Journal"?
WallStreetBets.
1422
00:59:35,776 --> 00:59:37,546
What if somebody tries
to rob you, kidnap the baby?
1423
00:59:37,578 --> 00:59:39,447
No one's gonna kidnap the baby.
1424
00:59:39,480 --> 00:59:41,115
Nobody wants that baby, Mom.
STEVE GILL: I'm just saying
1425
00:59:41,148 --> 00:59:42,616
that if we're gonna
talk to somebody,
1426
00:59:42,650 --> 00:59:44,218
you need to talk to Briggsy.
ELAINE: Yes, honey.
1427
00:59:44,251 --> 00:59:45,486
This is the point I'm...
KEITH: Enough!
1428
00:59:45,520 --> 00:59:47,054
[CHATTER STOPS]
1429
00:59:47,088 --> 00:59:48,756
You guys, Keith has literally
poured his heart
1430
00:59:48,789 --> 00:59:50,291
and his soul into this
for the past year.
1431
00:59:50,324 --> 00:59:52,126
He knows what he's doing.
1432
00:59:58,032 --> 01:00:00,468
I know it's been
a tough time, Elaine.
1433
01:00:06,640 --> 01:00:07,741
[ELAINE CLEARS THROAT]
1434
01:00:07,775 --> 01:00:09,076
You should still sell.
1435
01:00:09,110 --> 01:00:10,911
[SIGHS]
1436
01:00:10,945 --> 01:00:12,547
Think you should sell.
1437
01:00:14,715 --> 01:00:16,518
PROFESSOR:
Now, eukaryotic cells...
1438
01:00:16,551 --> 01:00:18,786
HARMONY:
And just fuck the principle
of the whole thing?
1439
01:00:18,819 --> 01:00:20,688
I don't like it
any more than you do.
1440
01:00:20,721 --> 01:00:25,059
PROFESSOR:
...are cells that have
a lot of organelles.
1441
01:00:27,161 --> 01:00:28,762
Or tiny little factories.
1442
01:00:28,796 --> 01:00:32,800
For instance, the nucleus,
the mitochondria.
1443
01:00:32,833 --> 01:00:36,003
Now, eukaryotic cells
are typically...
1444
01:00:36,036 --> 01:00:38,672
You really don't think that
he's fucking selling?
No.
1445
01:00:38,706 --> 01:00:39,707
Ladies.
1446
01:00:41,308 --> 01:00:43,177
Masks.
1447
01:00:43,210 --> 01:00:45,713
[SIREN WAILING]
[EMERGENCY HORN HONKING]
1448
01:00:45,746 --> 01:00:47,715
Kids are with their
father for a few days,
1449
01:00:47,748 --> 01:00:49,283
so I'm going to Florida.
1450
01:00:49,316 --> 01:00:51,986
You finally fucking sold.
Halle-fucking-lujah.
1451
01:00:52,019 --> 01:00:55,189
No, I'm putting it on my Visa.
You shitting me?
1452
01:00:55,222 --> 01:00:57,324
You're worth hundreds of
thousands of dollars in stock,
1453
01:00:57,358 --> 01:00:58,792
and you're amassing
credit card debt.
1454
01:00:58,826 --> 01:01:00,794
You really are
out of your mind.
1455
01:01:00,828 --> 01:01:03,497
No, babe, I'm all in.
1456
01:01:03,532 --> 01:01:05,032
Diamond hand.
1457
01:01:05,065 --> 01:01:06,967
Did you know that Gabe Plotkin
gave an interview?
1458
01:01:07,001 --> 01:01:09,670
He's been getting death threats
and anti-Semitic messages
1459
01:01:09,703 --> 01:01:11,405
from these WSB guys.
It was ten comments.
1460
01:01:11,438 --> 01:01:12,907
There's always bad apples.
[ELEVATOR BELL DINGS]
1461
01:01:12,940 --> 01:01:14,643
And the moderators
deleted it right away.
1462
01:01:14,675 --> 01:01:16,810
You're just gonna ride
this thing till zero?
1463
01:01:16,844 --> 01:01:19,346
No. I'm buying call options.
1464
01:01:19,380 --> 01:01:21,315
[WHISPERS]
That could go
to 600 by tomorrow.
1465
01:01:21,348 --> 01:01:23,017
[WHISPERS]
Your kid is never
getting braces.
1466
01:01:23,050 --> 01:01:24,619
[DOG BARKING IN DISTANCE]
1467
01:01:29,857 --> 01:01:31,892
MARCOS [VOICE-OVER]:
There's eight million
people in there,
1468
01:01:31,926 --> 01:01:32,893
and they're all holding.
1469
01:01:32,927 --> 01:01:34,261
It's only gonna go up.
1470
01:01:34,295 --> 01:01:36,263
[IN SPANISH]
1471
01:01:38,633 --> 01:01:39,934
Pops.
1472
01:01:41,902 --> 01:01:43,737
Look.
1473
01:01:43,771 --> 01:01:45,206
This is real.
1474
01:01:45,239 --> 01:01:46,273
Hold it. Look.
[IN ENGLISH] Hey.
1475
01:01:46,307 --> 01:01:48,610
Aw, man. [CHUCKLES]
1476
01:01:48,643 --> 01:01:50,679
Eight million people is real.
1477
01:01:50,711 --> 01:01:52,446
[IN SPANISH]
1478
01:01:56,116 --> 01:01:57,184
It's a joke.
1479
01:01:57,218 --> 01:01:58,520
MOM [IN SPANISH]:
1480
01:01:58,553 --> 01:01:59,954
[IN ENGLISH]
It's not funny.
1481
01:02:03,824 --> 01:02:05,527
Ma.
1482
01:02:05,560 --> 01:02:06,927
[SIGHS]
Look.
1483
01:02:06,961 --> 01:02:09,196
I got $175,000 in stock
right now.
1484
01:02:09,230 --> 01:02:10,764
[IN SPANISH]
1485
01:02:10,798 --> 01:02:12,567
Like, serious money,
like, I could get y'all a house
1486
01:02:12,601 --> 01:02:14,468
and get y'all up out of here
kind of money.
1487
01:02:18,172 --> 01:02:19,608
Uh-huh.
1488
01:02:19,641 --> 01:02:22,309
I bought call options,
for cheap.
1489
01:02:22,343 --> 01:02:24,078
And they hit.
1490
01:02:24,111 --> 01:02:25,412
[IN ENGLISH]
So now you're gonna sell?
1491
01:02:25,446 --> 01:02:27,582
Nah. No, I'm-a buy more.
1492
01:02:27,616 --> 01:02:29,483
[IN SPANISH]
1493
01:02:29,517 --> 01:02:31,553
When they hit,
I'm-a buy you a mansion.
1494
01:02:31,586 --> 01:02:33,988
It's gonna be crazy.
1495
01:02:37,324 --> 01:02:38,459
Papi.
1496
01:02:49,003 --> 01:02:50,804
[SNORTS, CHUCKLES]
[SPEAKS SPANISH ANGRILY]
1497
01:02:50,838 --> 01:02:52,840
NEWSMAN:
Some breaking news right now
1498
01:02:52,873 --> 01:02:55,809
on what has turned into,
uh, the soap opera
1499
01:02:55,843 --> 01:02:57,845
and, uh, saga of the markets
right now,
1500
01:02:57,878 --> 01:02:59,980
and that is
the story of GameStop.
1501
01:03:00,014 --> 01:03:01,415
A month ago today,
it was trading at
1502
01:03:01,448 --> 01:03:02,983
about 20 bucks per share.
1503
01:03:03,017 --> 01:03:04,952
Two days ago, it was under $80.
1504
01:03:04,985 --> 01:03:08,355
Today, nearly $350 a share.
1505
01:03:08,389 --> 01:03:10,090
The GameStop stock frenzy
1506
01:03:10,124 --> 01:03:12,426
even now has the attention
of the White House.
1507
01:03:12,459 --> 01:03:14,028
JEN PSAKI:
...of course,
our economic team, including
1508
01:03:14,061 --> 01:03:15,262
Secretary Yellen and others,
1509
01:03:15,296 --> 01:03:16,930
are monitoring,
uh, the situation.
1510
01:03:16,964 --> 01:03:18,932
You're witnessing the
French Revolution of finance.
1511
01:03:18,966 --> 01:03:20,535
There is
a rebellion aspect to it.
1512
01:03:20,568 --> 01:03:22,436
There is an antiestablishment
aspect to it.
1513
01:03:22,469 --> 01:03:23,772
I-I don't know if
Wall Street's ever seen it
1514
01:03:23,804 --> 01:03:25,005
like this before, Cher.
No.
1515
01:03:25,039 --> 01:03:26,641
We never have.
It's generational.
1516
01:03:26,675 --> 01:03:28,475
It's like, uh, generational
injustices or like...
1517
01:03:28,510 --> 01:03:31,478
MAN:
This is like little
poor guys versus rich guys,
1518
01:03:31,513 --> 01:03:34,281
and poor guys are
winning right now.
1519
01:03:34,315 --> 01:03:35,816
WOMAN:
Fucking hold.
If you're new here
1520
01:03:35,849 --> 01:03:37,184
and you're trying
to make a profit, fuck off.
1521
01:03:37,217 --> 01:03:38,653
Stop what you're doing
and listen up.
1522
01:03:38,687 --> 01:03:41,322
I own GameStop on Robinhood,
and I am not selling.
1523
01:03:41,355 --> 01:03:43,123
Hold.
All you need to do is hold.
1524
01:03:43,157 --> 01:03:45,159
Keep fucking holding.
["SEVEN NATION ARMY" PLAYING]
1525
01:03:45,192 --> 01:03:48,962
Soon the Tendieman comes
to send our rocket to the sun.
1526
01:03:48,996 --> 01:03:50,565
See, this right here
is the human being
1527
01:03:50,598 --> 01:03:53,702
who's largely responsible
for all this GameStop stuff.
1528
01:03:53,735 --> 01:03:56,136
Just a pure specimen.
1529
01:03:56,170 --> 01:04:00,508
A godlike,
undefeatable creature.
1530
01:04:00,542 --> 01:04:03,645
This is what excellence
looks like.
1531
01:04:03,678 --> 01:04:06,146
I just like the stock.
MAN: Yesterday he posted this,
1532
01:04:06,180 --> 01:04:09,483
that he's in profit--
wait for it--
1533
01:04:09,517 --> 01:04:11,653
47 million.
1534
01:04:11,686 --> 01:04:13,220
[SONG ENDS]
1535
01:04:13,253 --> 01:04:14,689
STUDENT:
What the fuck is happening?
1536
01:04:14,723 --> 01:04:17,424
[PEOPLE MURMURING]
STUDENT 2: Motherfucker!
1537
01:04:17,458 --> 01:04:19,259
[CONCERNED CHATTER]
1538
01:04:19,293 --> 01:04:20,861
Hey, did you try
a different browser?
1539
01:04:20,894 --> 01:04:22,797
I opened the browser.
Shit, we're fucked.
1540
01:04:24,365 --> 01:04:25,999
Bro, what the fuck?
What the fuck, dude?
1541
01:04:26,033 --> 01:04:27,769
I told you this shit is rigged.
1542
01:04:28,869 --> 01:04:30,638
What the fuck is going on?
1543
01:04:32,373 --> 01:04:33,708
I can't get it to load.
1544
01:04:36,410 --> 01:04:37,545
[PHONE DINGS]
1545
01:04:40,381 --> 01:04:41,482
Fuck!
1546
01:04:45,587 --> 01:04:46,788
What?
1547
01:04:49,557 --> 01:04:51,726
They shut down WallStreetBets.
1548
01:04:51,760 --> 01:04:52,960
CAROLINE:
What?
1549
01:04:52,993 --> 01:04:55,062
"Hateful and
discriminatory content."
1550
01:04:55,095 --> 01:04:56,997
That stuff has
always been on there.
1551
01:05:02,136 --> 01:05:03,303
That's weird.
1552
01:05:03,337 --> 01:05:05,205
No?
1553
01:05:05,239 --> 01:05:07,207
It's like they're trying
to stop people
1554
01:05:07,241 --> 01:05:08,710
from talking to each other.
1555
01:05:08,743 --> 01:05:09,910
[PHONE VIBRATING]
1556
01:05:16,116 --> 01:05:18,018
Babe, are you gonna get that?
Yes.
1557
01:05:21,288 --> 01:05:22,524
Hello?
1558
01:05:23,625 --> 01:05:26,059
Uh, yes, I am.
1559
01:05:26,093 --> 01:05:30,532
Uh, I am Roaring Kitty
and DeepEffingValue.
1560
01:05:32,634 --> 01:05:34,935
Uh, no, but-but, uh,
nobody ever asked me.
1561
01:05:37,271 --> 01:05:39,006
Oh. Okay.
1562
01:05:39,039 --> 01:05:41,942
Uh, sir, I just want to say
how grateful I am for this job
1563
01:05:41,975 --> 01:05:43,912
and how much it means to me
and my family.
1564
01:05:43,944 --> 01:05:46,146
I would never let a hobby
jeopardize...
1565
01:05:47,981 --> 01:05:50,050
Okay. I understand.
1566
01:05:55,523 --> 01:05:57,491
Yeah?
It's MassMutual.
1567
01:05:57,525 --> 01:05:59,493
They're getting calls
from reporters
1568
01:05:59,527 --> 01:06:01,763
concerned about
my outside activities.
1569
01:06:01,796 --> 01:06:03,531
Was all this against the rules?
1570
01:06:03,565 --> 01:06:05,265
Uh, it wasn't.
1571
01:06:05,299 --> 01:06:06,634
Maybe now it is.
1572
01:06:06,668 --> 01:06:08,001
Okay.
1573
01:06:10,404 --> 01:06:12,339
Well, what was that call?
1574
01:06:13,675 --> 01:06:15,042
Keith?
It's okay.
1575
01:06:15,075 --> 01:06:16,644
What, are you gonna
lose your job?
1576
01:06:16,678 --> 01:06:18,111
It's fine.
1577
01:06:18,145 --> 01:06:20,147
They gave me a choice.
Between what?
1578
01:06:20,180 --> 01:06:21,950
Between your job
and Roaring Kitty?
1579
01:06:21,982 --> 01:06:23,150
[BABY CRYING OVER MONITOR]
1580
01:06:23,183 --> 01:06:25,787
Uh, resign or I'm fired.
1581
01:06:25,820 --> 01:06:28,188
That's what he just said?
[CRYING CONTINUES LOUDER]
1582
01:06:28,222 --> 01:06:29,156
I got it.
1583
01:06:30,859 --> 01:06:32,459
HARMONY [VOICE-OVER]:
Fuck it, WallStreetBets is down.
1584
01:06:32,493 --> 01:06:33,862
I can't see Roaring Kitty's
balance sheet.
1585
01:06:33,895 --> 01:06:35,630
Oh, fuck.
I don't know what to do.
1586
01:06:35,663 --> 01:06:37,197
This could be the sell-off.
1587
01:06:37,231 --> 01:06:39,299
I really don't want
to do that.
1588
01:06:39,333 --> 01:06:42,169
Well, me neither, but
you can't let it go to zero.
1589
01:06:43,505 --> 01:06:45,640
It's 150 grand.
You need that money.
1590
01:06:45,673 --> 01:06:48,442
And nobody's gonna hold if
they can't see what he's doing.
1591
01:06:50,712 --> 01:06:52,079
Close your eyes
and count to three.
1592
01:06:52,112 --> 01:06:53,515
One.
1593
01:06:55,415 --> 01:06:56,450
BOTH:
Two.
1594
01:06:57,886 --> 01:07:00,020
Three.
Three. [SIGHS]
1595
01:07:02,122 --> 01:07:03,558
♪ Stop fucking
with my heart... ♪
1596
01:07:03,591 --> 01:07:04,926
Your phone's ringing.
[MUSIC CONTINUES LOUDLY]
1597
01:07:04,959 --> 01:07:06,928
This is the sound of the world.
1598
01:07:06,961 --> 01:07:08,395
Your phone's ringing.
1599
01:07:08,428 --> 01:07:10,565
Oh, Robinhood.
1600
01:07:10,598 --> 01:07:12,534
Yeah. It's an app.
1601
01:07:12,567 --> 01:07:14,201
It's on the phone.
1602
01:07:14,234 --> 01:07:16,203
Yeah, no,
your-your phone is ringing.
1603
01:07:16,236 --> 01:07:17,906
Oh.
1604
01:07:17,939 --> 01:07:20,107
Yes. Yes.
1605
01:07:20,140 --> 01:07:22,911
♪ I'm a boss
in a fucking dress... ♪
1606
01:07:22,944 --> 01:07:25,345
Slow down, Norm.
Wh-What did you say?
1607
01:07:25,379 --> 01:07:27,849
The NSCC just sent us a file.
1608
01:07:27,882 --> 01:07:30,018
They want a deposit
of three billion
1609
01:07:30,050 --> 01:07:31,553
to clear all the trades
coming in.
1610
01:07:31,586 --> 01:07:33,420
Sorry.
1611
01:07:33,453 --> 01:07:34,689
Wait, who?
1612
01:07:34,722 --> 01:07:37,057
They're a subsidiary
of the DTCC,
1613
01:07:37,090 --> 01:07:40,193
and they're requesting
three billion.
1614
01:07:40,227 --> 01:07:41,963
Uh, okay.
1615
01:07:41,996 --> 01:07:43,263
Sorry, it's a little loud
in here.
1616
01:07:43,297 --> 01:07:45,700
I thought you just said
three billion.
1617
01:07:45,733 --> 01:07:47,869
I did.
1618
01:07:47,902 --> 01:07:49,571
But we don't have
three billion, Norm.
1619
01:07:49,604 --> 01:07:50,872
That's correct.
1620
01:07:50,905 --> 01:07:52,239
We've only ever raised
two billion
1621
01:07:52,272 --> 01:07:53,741
in the history of the company.
1622
01:07:53,775 --> 01:07:56,578
Holy fuck.
What if we don't pay?
1623
01:07:56,611 --> 01:07:57,946
They shut us down.
1624
01:07:59,479 --> 01:08:01,950
The IPO?
Like, everything? Poof?
1625
01:08:01,983 --> 01:08:03,818
Gretchen, Dan and I are
going to jump on a call
1626
01:08:03,851 --> 01:08:04,786
with Citadel at 9:00.
1627
01:08:08,488 --> 01:08:10,223
Maybe this would be
a good time for me
1628
01:08:10,257 --> 01:08:12,125
to chat with Ken Griffin.
1629
01:08:12,159 --> 01:08:14,662
Sure. We'll mention that.
1630
01:08:15,997 --> 01:08:18,967
I can't sleep.
Me neither.
1631
01:08:19,000 --> 01:08:21,134
I just feel sick.
1632
01:08:21,168 --> 01:08:23,004
We'll buy it back
first thing.
1633
01:08:24,137 --> 01:08:26,373
ROOMMATE:
Please shut up.
1634
01:08:37,284 --> 01:08:38,653
[SIGHS]
1635
01:08:40,955 --> 01:08:42,222
What the fuck?
1636
01:08:45,459 --> 01:08:46,460
Oh, what the fuck?
1637
01:08:48,029 --> 01:08:50,163
HARMONY: What the fuck?
RIRI: Okay, let me try.
1638
01:08:50,197 --> 01:08:52,132
Is it frozen?
1639
01:08:56,838 --> 01:08:58,506
Th-They cut off the buy option.
1640
01:08:59,707 --> 01:09:01,441
What?
That's fucking criminal.
1641
01:09:01,475 --> 01:09:02,810
VLAD:
I can't hear you, Baiju.
1642
01:09:02,844 --> 01:09:04,846
BAIJU: What the fuck did you do?
Calm down.
1643
01:09:04,879 --> 01:09:07,147
Me calm down? You shut down
trading on GameStop?
1644
01:09:07,180 --> 01:09:08,549
Not all trading.
1645
01:09:08,583 --> 01:09:09,884
Norm worked it out.
[BABY CRYING OVER PHONE]
1646
01:09:09,917 --> 01:09:12,020
The DTCC agreed
to lower the deposit
1647
01:09:12,053 --> 01:09:15,657
to $700 million if we shut off
buying, and that's what I did.
1648
01:09:15,690 --> 01:09:17,525
The Depository Trade Commission?
[BLENDER WHIRRING]
1649
01:09:17,558 --> 01:09:19,727
They're like one degree away
from Ken Griffin.
1650
01:09:19,761 --> 01:09:20,995
One more time, Baiju.
[BLENDER STOPS]
1651
01:09:21,029 --> 01:09:23,330
We look like
Ken Griffin's butt boys.
1652
01:09:23,363 --> 01:09:25,465
[BLENDER WHIRRING]
[BABY CRYING OVER PHONE]
1653
01:09:25,499 --> 01:09:26,901
What?
1654
01:09:26,934 --> 01:09:28,468
It's not gonna be okay.
You need to fix this.
1655
01:09:28,502 --> 01:09:30,538
Shh, shh. I know. I know.
It's okay.
1656
01:09:30,571 --> 01:09:32,674
I did fix it, Baiju.
1657
01:09:34,408 --> 01:09:37,310
We've been watching shares
of GameStop all day long.
1658
01:09:37,344 --> 01:09:40,748
After hitting
a staggering high of $483,
1659
01:09:40,782 --> 01:09:44,018
the shares are now down
to about 140.
1660
01:09:44,052 --> 01:09:46,921
Now, the best we can tell is
the Robinhood app,
1661
01:09:46,954 --> 01:09:49,691
that seems to have triggered
what really has become
1662
01:09:49,724 --> 01:09:52,060
a panic sell-off in this name.
1663
01:09:52,093 --> 01:09:54,662
And so if you're a retail
investor or a Reddit user
1664
01:09:54,696 --> 01:09:56,496
and you've held,
1665
01:09:56,531 --> 01:09:59,901
well, you are feeling
some serious pain right now.
1666
01:09:59,934 --> 01:10:01,301
[SIGHS]
Oh, God.
1667
01:10:02,637 --> 01:10:04,337
Fuck.
NEWSMAN: Now the criticism
1668
01:10:04,371 --> 01:10:07,407
centered on Robinhood for
abandoning their followers here
1669
01:10:07,441 --> 01:10:09,409
in favor of helping those
who had shorted
1670
01:10:09,443 --> 01:10:10,945
all these stocks
in the first place.
1671
01:10:10,978 --> 01:10:12,412
[CROWD CLAMORING]
NEWSWOMAN: I don't particularly
1672
01:10:12,446 --> 01:10:13,948
like the move
on Robinhood today.
1673
01:10:13,981 --> 01:10:15,783
I'm talking to people this
morning that say...
Hey!
1674
01:10:15,817 --> 01:10:17,051
"Okay, that is anti-capitalism.
1675
01:10:17,085 --> 01:10:18,553
You can't do that."
Fuck you, Robinhood!
1676
01:10:18,586 --> 01:10:20,588
NEWSMAN 2:
There's been some controversy
1677
01:10:20,621 --> 01:10:22,690
about Citadel
and some vague accusations
1678
01:10:22,724 --> 01:10:24,892
that somehow Citadel
may have been involved
1679
01:10:24,926 --> 01:10:26,928
in Robinhood's decision, Wolf,
1680
01:10:26,961 --> 01:10:29,897
to stop or restrict trading
in GameStop and other shorts.
1681
01:10:29,931 --> 01:10:32,100
YAARA [VOICE-OVER]:
Who is it from?
1682
01:10:32,133 --> 01:10:34,068
"The Tendieman."
1683
01:10:35,570 --> 01:10:36,637
Come back inside.
1684
01:10:36,671 --> 01:10:37,972
DRIVER:
Diamond fucking hands!
1685
01:10:40,174 --> 01:10:42,643
DAVE PORTNOY [VOICE-OVER]:
We all know how
I feel about him.
1686
01:10:42,677 --> 01:10:44,545
I think he's a rat and a liar.
1687
01:10:44,579 --> 01:10:47,782
Okay, Vlad, you know everybody
here who's watching us
1688
01:10:47,815 --> 01:10:50,317
hates your guts, right?
1689
01:10:50,350 --> 01:10:51,719
Thank you, Dave.
1690
01:10:51,753 --> 01:10:53,554
That's, uh,
that's what I hear.
1691
01:10:53,588 --> 01:10:56,323
Uh, but I'm, uh, I'm
a really big fan of your show,
1692
01:10:56,356 --> 01:10:58,960
and hopefully I can answer
some of your questions.
1693
01:10:58,993 --> 01:11:00,260
SRIRAM KRISHNAN:
Vlad, uh, can you hear us?
1694
01:11:00,293 --> 01:11:01,261
ELON MUSK:
Vlad the Stock Impaler.
1695
01:11:01,294 --> 01:11:02,797
Yes, I'm here. Hi.
[LAUGHS]
1696
01:11:02,830 --> 01:11:04,966
Spill the beans, man.
What happened last week?
1697
01:11:04,999 --> 01:11:07,902
Why couldn't people buy
the GameStop shares?
1698
01:11:07,935 --> 01:11:09,804
The people demand an answer.
1699
01:11:09,837 --> 01:11:11,304
To give you some background,
1700
01:11:11,338 --> 01:11:12,940
I'm chief executive
of Robinhood.
1701
01:11:12,974 --> 01:11:14,509
Yeah, we know that.
[INDISTINCT CHATTER, LAUGHTER]
1702
01:11:14,542 --> 01:11:17,512
And I just want to say,
we had no liquidity problem.
1703
01:11:17,545 --> 01:11:19,514
Well, did something
maybe shady go down here?
1704
01:11:19,547 --> 01:11:21,182
Seems weird that
you'd get a sudden
1705
01:11:21,215 --> 01:11:22,415
ten billion dollar demand,
1706
01:11:22,449 --> 01:11:23,483
you know...
Three. Three billion.
1707
01:11:23,518 --> 01:11:24,752
Okay, thr-three billion
1708
01:11:24,786 --> 01:11:26,319
just suddenly out of nowhere,
um, and...
1709
01:11:26,353 --> 01:11:29,257
Well, I wouldn't impute any
shadiness to-to any of this.
1710
01:11:29,289 --> 01:11:32,193
Um, I don't have
the full context, uh,
1711
01:11:32,226 --> 01:11:34,662
as to what was going on
with the NSCC
1712
01:11:34,695 --> 01:11:38,199
to-to, uh, make
these calculations.
1713
01:11:38,232 --> 01:11:40,433
To what degree are you
beholden to Citadel?
1714
01:11:40,467 --> 01:11:42,537
I mean, like, basically,
if Citadel is unhappy,
1715
01:11:42,570 --> 01:11:44,105
then what happens?
1716
01:11:44,138 --> 01:11:46,107
Is anyone, is anyone
holding you hostage right now?
1717
01:11:46,140 --> 01:11:48,308
[CHUCKLES] Uh, n-no.
[LAUGHS]
1718
01:11:48,341 --> 01:11:50,211
There's just
no rational explanation
1719
01:11:50,244 --> 01:11:51,813
on why they would do
what they did
1720
01:11:51,846 --> 01:11:54,314
without outside pressure,
interference.
1721
01:11:54,347 --> 01:11:57,151
And they basically cratered
the stock on purpose.
1722
01:11:57,185 --> 01:12:00,188
So, I-I just don't believe
anything that guy says.
1723
01:12:00,221 --> 01:12:02,890
I wanted to take a cold shower
after seeing him say that.
1724
01:12:02,924 --> 01:12:04,959
Robinhood is facing lawsuits.
We know that.
1725
01:12:04,992 --> 01:12:06,459
After halting trades,
1726
01:12:06,493 --> 01:12:08,796
they are accused
of rigging the market.
1727
01:12:08,830 --> 01:12:11,132
When the big guys, including
one of your main investors
1728
01:12:11,165 --> 01:12:13,034
in your company,
started to lose,
1729
01:12:13,067 --> 01:12:15,536
you shut down the game
to starve the little guy.
1730
01:12:15,570 --> 01:12:18,706
They're stealing from the poor
and giving back to the rich!
1731
01:12:18,739 --> 01:12:21,242
They're robbing
from the hood!
1732
01:12:21,275 --> 01:12:22,977
Why?!
I want to be 100% clear.
1733
01:12:23,010 --> 01:12:25,046
All of you guys deserve to go
burn in hell and go to jail.
1734
01:12:25,079 --> 01:12:26,681
This decision to restrict trade
was not made...
1735
01:12:26,714 --> 01:12:28,316
I'm just trying to get
my mom out of the hood.
1736
01:12:28,348 --> 01:12:29,917
...on the direction of Citadel
or any market maker.
1737
01:12:29,951 --> 01:12:31,219
What the fuck?
Fuck you!
1738
01:12:31,252 --> 01:12:32,352
[SPITS]
And your mama dukes,
1739
01:12:32,385 --> 01:12:33,855
you motherfucking...
Fuck this guy.
1740
01:12:33,888 --> 01:12:36,891
Ugh. This guy is just
an obfuscating piece of shit.
1741
01:12:36,924 --> 01:12:38,526
Fucker.
[SIGHS]
1742
01:12:38,559 --> 01:12:41,028
There's only one man
I want to hear from right now.
1743
01:12:41,062 --> 01:12:43,764
And WallStreetBets is down,
so it's crickets.
1744
01:12:43,798 --> 01:12:46,000
It's crickets out here.
1745
01:12:46,033 --> 01:12:47,500
Say it with me.
1746
01:12:47,535 --> 01:12:49,570
BOTH:
Where my pussy at?!
1747
01:12:49,604 --> 01:12:50,838
[CROWD CLAMORING, CHEERING]
1748
01:12:50,872 --> 01:12:52,840
MAN: Mr. Gill!
MAN 2: Mr. Gill!
1749
01:12:52,874 --> 01:12:54,542
MAN 3:
Roaring Kitty,
I fucking love you!
1750
01:12:54,575 --> 01:12:56,443
Keith Gill!
[CLAMORING CONTINUES]
1751
01:12:56,476 --> 01:12:58,045
Keith Gill, please!
Okay.
1752
01:12:58,079 --> 01:13:00,615
Please.
Oh, sorry, this is,
like, my house.
1753
01:13:00,648 --> 01:13:02,350
Uh, you want my autograph?
1754
01:13:02,382 --> 01:13:03,517
Yeah.
1755
01:13:03,551 --> 01:13:04,619
You've been served.
1756
01:13:06,153 --> 01:13:07,555
[LAUGHS]
1757
01:13:07,588 --> 01:13:09,557
MAN:
Hey! To the moon, baby!
1758
01:13:09,590 --> 01:13:10,791
To the moon!
MAN 2: How long are you gonna
1759
01:13:10,825 --> 01:13:12,660
hold on, Mr. Gill?!
Holy shit.
1760
01:13:16,797 --> 01:13:18,232
Uh, sorry to interrupt.
1761
01:13:18,266 --> 01:13:20,601
We need to talk about
the GameStop situation.
1762
01:13:20,635 --> 01:13:21,602
I thought Mecane
was handling it.
1763
01:13:21,636 --> 01:13:23,070
LAWYER:
So did we.
1764
01:13:23,104 --> 01:13:25,306
But the committee specifically
requested you, sir.
1765
01:13:25,339 --> 01:13:27,642
If they want specifics,
they can have Mecane.
1766
01:13:27,675 --> 01:13:29,577
It's not a choice,
unfortunately.
1767
01:13:34,115 --> 01:13:35,549
Shit balls.
1768
01:13:35,583 --> 01:13:37,919
[TYPING ON KEYBOARD]
1769
01:13:37,952 --> 01:13:38,853
CAROLINE:
Keith?
1770
01:13:40,621 --> 01:13:43,490
A congressional subpoena.
I never did anything illegal,
1771
01:13:43,524 --> 01:13:44,959
and I always had disclaimers.
1772
01:13:44,992 --> 01:13:46,727
Why would you have disclaimers
1773
01:13:46,761 --> 01:13:48,296
if you weren't worried?
1774
01:13:48,329 --> 01:13:49,764
[SIGHS]
They're standard practice,
Caroline.
1775
01:13:49,797 --> 01:13:50,698
Everyone has them.
1776
01:13:55,937 --> 01:13:57,038
Babe.
1777
01:14:00,141 --> 01:14:03,277
The answer is not
in your computer.
Whoa.
1778
01:14:03,311 --> 01:14:04,979
There's a dozen reporters
on our lawn.
1779
01:14:05,012 --> 01:14:07,982
You have to testify
before Congress.
1780
01:14:08,015 --> 01:14:10,918
The game has changed.
I know. I hear you.
1781
01:14:10,952 --> 01:14:12,386
I don't think you do.
1782
01:14:18,225 --> 01:14:19,694
I'll make it work.
1783
01:14:20,995 --> 01:14:22,797
And we're gonna go
to my mother's.
1784
01:14:22,830 --> 01:14:24,332
[CHUCKLES]
No, she has terrible Wi-Fi.
1785
01:14:24,365 --> 01:14:26,200
I'm not talking about you.
1786
01:14:26,233 --> 01:14:28,369
I'm talking about me and her.
1787
01:14:28,402 --> 01:14:30,705
You need to figure this out.
1788
01:14:35,910 --> 01:14:36,911
[CROWD CHEERING FAINTLY]
1789
01:14:43,718 --> 01:14:46,053
Where are you going?
To the track.
1790
01:14:46,087 --> 01:14:48,189
You were just on the track.
I'm going again.
1791
01:14:50,691 --> 01:14:52,593
[QUIET CHATTER]
1792
01:14:53,928 --> 01:14:55,329
[SIGHS]
1793
01:14:58,232 --> 01:14:59,633
Hi. Can I interest you
1794
01:14:59,667 --> 01:15:01,736
in some champagne or a mimosa?
Is it free?
1795
01:15:01,769 --> 01:15:03,137
It is when you sit up here.
1796
01:15:03,170 --> 01:15:05,006
Well, there's a last time
for everything.
1797
01:15:05,039 --> 01:15:06,507
Oh. You'll come back.
1798
01:15:06,540 --> 01:15:09,410
I had half a million
in stocks last week,
1799
01:15:09,443 --> 01:15:11,178
but Wall Street cheated.
1800
01:15:11,212 --> 01:15:12,546
Surprise, surprise.
1801
01:15:14,281 --> 01:15:16,550
I could've cashed out.
1802
01:15:16,584 --> 01:15:18,386
I could've paid my mortgage.
1803
01:15:18,419 --> 01:15:20,554
Could've got my kid braces,
got a new car.
1804
01:15:20,588 --> 01:15:22,723
[WHISPERS]
Honey, I'm gonna
get you something stronger.
1805
01:15:22,757 --> 01:15:24,291
Thank you.
You're welcome.
1806
01:15:30,431 --> 01:15:32,033
KEVIN:
Meow. Kitty.
1807
01:15:32,066 --> 01:15:34,235
You know you can't
just eat other people's food?
1808
01:15:34,268 --> 01:15:36,270
They do reviews, right?
[SCOFFS] Very funny.
1809
01:15:36,303 --> 01:15:37,271
Here.
1810
01:15:37,304 --> 01:15:39,173
What's this?
1811
01:15:39,206 --> 01:15:40,509
Look, they were on sale,
all right,
1812
01:15:40,541 --> 01:15:41,709
before you get
all emotional and shit.
1813
01:15:41,742 --> 01:15:43,778
Holy shit, you fucking softy.
1814
01:15:43,811 --> 01:15:46,013
Who put you up to this?
Caro? Ma?
1815
01:15:46,047 --> 01:15:48,349
No, Dad. Called me in tears,
said my big brother needed
1816
01:15:48,382 --> 01:15:50,418
some moral support.
Ha ha. Fuck off.
1817
01:15:50,451 --> 01:15:51,952
I can't.
Come on, man.
1818
01:15:51,986 --> 01:15:54,055
Will you at least
try 'em on, please?
[SIGHS]
1819
01:15:54,088 --> 01:15:56,590
Try 'em. Come on, you're
the richest man in Brockton.
1820
01:15:56,624 --> 01:15:58,793
You dress like an asshole.
I lost 15 million yesterday
1821
01:15:58,826 --> 01:16:00,628
and another 15
the day before that.
1822
01:16:00,661 --> 01:16:03,764
You're still the richest man
in Brockton, like, by far.
1823
01:16:03,798 --> 01:16:07,234
Bro, you got rich dudes pissing
in their pants right now.
1824
01:16:07,268 --> 01:16:08,636
I mean, come on, man.
1825
01:16:08,669 --> 01:16:10,371
How many people from
Brockton High can say that?
1826
01:16:10,404 --> 01:16:11,906
This has gone crazy.
1827
01:16:11,939 --> 01:16:14,475
I got reporters hounding me
outside my house.
1828
01:16:14,509 --> 01:16:16,644
Yeah, man, me, too.
They're coming after you.
1829
01:16:18,145 --> 01:16:19,747
You didn't talk to them,
did you?
1830
01:16:19,780 --> 01:16:21,649
What do I look like? I said no.
1831
01:16:21,682 --> 01:16:23,084
I said,
"Give me 50 grand, maybe."
1832
01:16:23,117 --> 01:16:24,819
Tell me you're kidding.
Well, if you give me 20,
1833
01:16:24,852 --> 01:16:26,821
then maybe we wouldn't
have to deal with this shit.
1834
01:16:26,854 --> 01:16:28,389
The fuck
is wrong with you?!
1835
01:16:28,422 --> 01:16:31,459
Kevin! I've just been
subpoenaed by Congress, man.
1836
01:16:31,492 --> 01:16:33,127
I do not have time
for your bullshit.
1837
01:16:33,160 --> 01:16:35,496
Oh, come off it, man!
Seriously, asshole!
1838
01:16:35,530 --> 01:16:36,565
Chill!
Fuck!
1839
01:16:36,597 --> 01:16:38,466
It was a joke!
1840
01:16:38,499 --> 01:16:39,967
[KEITH SIGHS]
1841
01:16:41,969 --> 01:16:43,270
[KEITH GROANS]
1842
01:16:45,606 --> 01:16:47,108
I know.
1843
01:16:47,141 --> 01:16:48,375
Sorry.
1844
01:16:49,844 --> 01:16:51,779
[KEITH SIGHS HEAVILY]
1845
01:16:55,216 --> 01:16:58,052
We never used to fight
this much.
1846
01:17:00,221 --> 01:17:02,756
Sara.
I miss her.
1847
01:17:02,790 --> 01:17:04,291
Me, too.
1848
01:17:04,325 --> 01:17:06,093
She kept your ego in check.
1849
01:17:06,127 --> 01:17:08,195
Whole fucking world
kept my ego in check.
1850
01:17:09,830 --> 01:17:13,367
What the fuck are you gonna
tell Congress, Keith? Huh?
1851
01:17:13,400 --> 01:17:15,336
Beg them not to send me
to prison?
1852
01:17:17,572 --> 01:17:19,173
Hey.
1853
01:17:19,206 --> 01:17:21,442
Hey, do you, do you remember
back at Stonehill
1854
01:17:21,475 --> 01:17:23,844
when they dared me
to run that mile naked?
1855
01:17:23,878 --> 01:17:26,013
Yeah, there was a crazy storm
that night, you dumb shit.
1856
01:17:26,046 --> 01:17:27,448
[LAUGHS]
Fuck you, man.
1857
01:17:27,481 --> 01:17:29,618
That was dope, man.
I'm a legend over there.
1858
01:17:29,650 --> 01:17:31,285
Everybody remembers that.
Okay.
1859
01:17:31,318 --> 01:17:32,853
They do, man.
You don't think people remember
1860
01:17:32,887 --> 01:17:34,688
your four-minute,
three-second mile?
Oh.
1861
01:17:34,722 --> 01:17:35,990
What is this, a pep talk?
1862
01:17:36,023 --> 01:17:37,691
Motherfucker, stop hiding.
1863
01:17:37,725 --> 01:17:39,326
Seriously. Okay?
1864
01:17:39,360 --> 01:17:42,029
Stop being all meek and shit
and running away.
1865
01:17:42,062 --> 01:17:43,397
What, you want me
to run through lightning
1866
01:17:43,430 --> 01:17:45,399
with my dick out?
Yeah.
1867
01:17:45,432 --> 01:17:47,569
Please. Exactly that.
1868
01:17:47,602 --> 01:17:49,737
Run through lightning
with your dick out.
1869
01:17:49,770 --> 01:17:50,905
Fuck it.
1870
01:17:52,339 --> 01:17:54,241
[CROWD CLAMORING]
1871
01:17:56,076 --> 01:17:58,879
[VEHICLE DOOR OPENS, CLOSES]
1872
01:17:58,913 --> 01:18:00,681
You didn't go
to your mom's?
1873
01:18:02,283 --> 01:18:04,553
You took the car.
1874
01:18:04,586 --> 01:18:07,087
[SIGHS]
How was the run?
Did it clear your head?
1875
01:18:07,121 --> 01:18:09,558
Uh, Kev found me,
brought me these.
1876
01:18:09,591 --> 01:18:12,693
Mm. You guys talked?
1877
01:18:12,726 --> 01:18:15,696
Yeah.
He, uh, told me to run naked.
1878
01:18:15,729 --> 01:18:17,698
You ran naked?
No.
1879
01:18:17,731 --> 01:18:19,099
Uh, it's a metaphor.
1880
01:18:19,133 --> 01:18:21,468
He's saying I got to
take this thing head-on.
1881
01:18:22,604 --> 01:18:23,737
Well...
1882
01:18:29,076 --> 01:18:30,978
Kind of like to see you
run naked.
1883
01:18:32,479 --> 01:18:34,248
[CROWD EXCLAIMING, SCREAMING]
1884
01:18:34,281 --> 01:18:36,283
By the way, uh,
WallStreetBets is back up.
1885
01:18:38,653 --> 01:18:42,022
The motherfucker held.
Holy shit.
1886
01:18:42,056 --> 01:18:45,226
He lost $30 million,
and he still fucking held.
1887
01:18:48,062 --> 01:18:50,798
Robinhood's back up.
What?
1888
01:18:50,831 --> 01:18:52,066
We got to get back in.
1889
01:18:52,099 --> 01:18:55,570
Where's the stock at right now?
109.
1890
01:18:55,604 --> 01:18:57,238
Are you sure?
1891
01:18:57,271 --> 01:18:59,373
That's, like, all of the money
that we made
1892
01:18:59,406 --> 01:19:00,741
back into the stock.
1893
01:19:03,678 --> 01:19:06,413
Yeah. We can't let them
get away with this.
1894
01:19:08,282 --> 01:19:09,250
Fuck 'em.
1895
01:19:09,283 --> 01:19:10,951
If he's in, I'm in.
1896
01:19:12,019 --> 01:19:13,787
If he's in, I'm in.
1897
01:19:15,590 --> 01:19:17,525
[SIGHS]
Okay.
1898
01:19:18,627 --> 01:19:20,828
Fuck!
1899
01:19:20,861 --> 01:19:22,830
[BREATHES DEEPLY, LAUGHS]
1900
01:19:22,863 --> 01:19:25,165
[BOTH YELLING]
1901
01:19:26,701 --> 01:19:29,169
The frenzy continues
with retail investors
1902
01:19:29,203 --> 01:19:30,938
bidding back up GameStop.
1903
01:19:30,971 --> 01:19:33,407
GameStop mania, it is back.
NEWSWOMAN: Up more than 80%,
1904
01:19:33,440 --> 01:19:35,943
as those message board traders
simply send it higher.
1905
01:19:35,976 --> 01:19:37,278
NEWSMAN:
Stock volatility continuing,
1906
01:19:37,311 --> 01:19:38,812
it looks like, this morning.
1907
01:19:38,846 --> 01:19:41,516
Once again, GameStop involved
in an ongoing battle
1908
01:19:41,549 --> 01:19:43,518
between retail investors
and short sellers.
1909
01:19:43,551 --> 01:19:45,152
We're gonna have a lot more
on this story.
1910
01:19:45,185 --> 01:19:46,755
NEWSWOMAN 2:
CEOs of Robinhood,
Reddit, Citadel
1911
01:19:46,787 --> 01:19:49,658
and Melvin Capital,
along with Keith Gill,
1912
01:19:49,691 --> 01:19:53,027
better known as Roaring Kitty
on social media,
1913
01:19:53,060 --> 01:19:55,329
will be in the hot seat.
1914
01:19:59,133 --> 01:20:02,637
GABE [VOICE-OVER]:
I'm here testifying today
far removed from my background.
1915
01:20:02,671 --> 01:20:05,674
I grew up in a middle-class
family in Portland, Maine.
1916
01:20:05,707 --> 01:20:07,509
My dad was
a grocery store executive.
1917
01:20:07,542 --> 01:20:09,877
LAWYER:
Maybe leave that part out.
1918
01:20:09,910 --> 01:20:11,211
The part about my dad?
1919
01:20:11,245 --> 01:20:12,846
The executive part.
1920
01:20:12,880 --> 01:20:14,181
Okay. Okay.
1921
01:20:17,418 --> 01:20:19,320
I went to a public high school.
1922
01:20:19,353 --> 01:20:21,989
I studied hard
and got into Northwestern.
1923
01:20:22,022 --> 01:20:23,991
Upon...
Just say "a good college."
1924
01:20:24,024 --> 01:20:25,527
I can't say
I went to Northwestern?
1925
01:20:25,560 --> 01:20:27,696
Too elite.
Northwestern's too...
1926
01:20:27,729 --> 01:20:28,697
All right.
1927
01:20:32,866 --> 01:20:35,169
Upon graduation,
I did not have a job.
1928
01:20:35,202 --> 01:20:37,539
Today, I'm married
with four children.
1929
01:20:37,572 --> 01:20:39,873
Gabe, where do you plan on
doing your testimony?
1930
01:20:41,543 --> 01:20:42,711
Here.
1931
01:20:42,744 --> 01:20:45,580
In front of
your wine collection?
1932
01:20:47,081 --> 01:20:48,982
I mean, this is...
I don't have that big
1933
01:20:49,016 --> 01:20:51,018
a wine collection, honestly.
Yeah, it's huge.
1934
01:20:51,051 --> 01:20:52,920
KEITH:
...digital risks
seemed to be overblown.
1935
01:20:52,953 --> 01:20:55,422
Two, the negative sentiment
was overdone.
1936
01:20:55,456 --> 01:20:57,324
Three, the value
was overwhelming.
1937
01:20:57,358 --> 01:20:59,594
GABE:
Maybe, uh, here would be nice?
1938
01:21:02,196 --> 01:21:04,599
Too many windows.
Too many wind-- oh.
1939
01:21:04,632 --> 01:21:05,899
It's very bright.
1940
01:21:05,933 --> 01:21:08,001
Yeah, oceanfronts,
not a great idea.
1941
01:21:08,035 --> 01:21:09,403
It's blue.
Yeah.
1942
01:21:09,436 --> 01:21:10,904
Okay, I hadn't thought of that.
That, uh...
1943
01:21:10,938 --> 01:21:12,574
Yeah, downstairs
there's more...
1944
01:21:12,607 --> 01:21:14,241
There's probably darker rooms.
NEWSWOMAN: What a bandit.
1945
01:21:14,274 --> 01:21:15,710
Most of you know this guy
1946
01:21:15,744 --> 01:21:17,344
who was
the Roaring Kitty character,
1947
01:21:17,378 --> 01:21:18,912
who was really pushing it...
Holy shit.
1948
01:21:18,946 --> 01:21:20,849
Yo, Ri, our boy's on the news.
1949
01:21:20,881 --> 01:21:22,751
...and was it potentially
a systemic risk?
1950
01:21:22,784 --> 01:21:24,719
NEWSMAN:
Those relationships
in D.C. are strong.
1951
01:21:24,753 --> 01:21:26,253
The guys who run
those hedge funds
1952
01:21:26,286 --> 01:21:28,757
are the guys who fund
presidential campaigns.
1953
01:21:28,790 --> 01:21:30,592
That's a good point.
You know, Roaring Kittys don't
1954
01:21:30,625 --> 01:21:32,459
have that kind of influence,
but the hedge fund managers do.
1955
01:21:32,493 --> 01:21:34,128
NEWSWOMAN 2:
Gill is now being sued
for securities fraud
1956
01:21:34,161 --> 01:21:35,797
over his alleged role
in the GameStop rally.
1957
01:21:35,830 --> 01:21:37,364
NEWSMAN 2:
Is Mr., uh, Gill
1958
01:21:37,398 --> 01:21:39,199
likely to appear,
and if he appears,
1959
01:21:39,233 --> 01:21:41,368
is he likely to talk
if he faces, uh,
1960
01:21:41,402 --> 01:21:43,070
the potential of prosecution?
1961
01:21:43,103 --> 01:21:45,939
The fundamentals are
based on three things.
1962
01:21:45,973 --> 01:21:48,275
One, the digital risks
are overblown.
1963
01:21:48,308 --> 01:21:50,477
Two, the negative sentiment
is overdone.
1964
01:21:50,512 --> 01:21:52,012
And three...
1965
01:21:54,582 --> 01:21:55,817
Fuck.
[KEVIN SNICKERS]
1966
01:21:55,850 --> 01:21:57,951
Ah, come on. Shut up.
I know all this.
1967
01:21:57,985 --> 01:21:59,386
[KEVIN & BRIGGSY LAUGHING]
1968
01:21:59,420 --> 01:22:00,921
You guys, you guys, stop!
1969
01:22:00,954 --> 01:22:02,891
Stop. Let's keep going.
All right, let's go again.
1970
01:22:02,923 --> 01:22:05,392
You're right. This is serious.
You can go to jail forever.
1971
01:22:05,426 --> 01:22:07,127
A long time. Long, long time.
All right. Ready?
1972
01:22:07,161 --> 01:22:09,062
You ready? Here we go.
Back in the game.
1973
01:22:09,096 --> 01:22:10,565
Mr. Gill, Mr. Gill--
1974
01:22:10,598 --> 01:22:12,332
May I call you Mr. Gill, sir?
It's my name.
1975
01:22:12,366 --> 01:22:13,668
BRIGGSY:
Why the fuck
wouldn't you be able to
1976
01:22:13,701 --> 01:22:15,068
call him Mr. Gill?
CAROLINE: What were your
1977
01:22:15,102 --> 01:22:16,738
intensions
with the YouTube videos
1978
01:22:16,771 --> 01:22:18,172
and your social media posts
on GameStop?
1979
01:22:18,205 --> 01:22:19,841
Yes.
KEITH: Thank you, Congresswoman.
1980
01:22:19,874 --> 01:22:22,142
CAROLINE: You're welcome.
I developed a theory
1981
01:22:22,176 --> 01:22:23,410
that the company
was undervalued
1982
01:22:23,444 --> 01:22:25,179
despite the significant
short interests.
1983
01:22:25,212 --> 01:22:26,614
Oh, so you were aware
of the short interest?
1984
01:22:26,648 --> 01:22:28,516
It is public knowledge.
1985
01:22:28,550 --> 01:22:29,918
You can see it
in the SEC filings.
1986
01:22:29,950 --> 01:22:32,119
And your goal was
to break these shorts, yes?
1987
01:22:32,152 --> 01:22:34,254
To rally an online mob
to artificially push the price
1988
01:22:34,288 --> 01:22:38,258
of GameStop soaring, uh,
"to the moon," as they say?
1989
01:22:38,292 --> 01:22:39,694
Isn't that correct, Mr. Gill?
1990
01:22:39,727 --> 01:22:41,195
Objection, objection!
You're leading the witness.
1991
01:22:41,228 --> 01:22:43,531
Kev...
I yield my time to the chair.
1992
01:22:43,565 --> 01:22:45,365
You were hoping for the short
squeeze, weren't you, Mr. Gill?
1993
01:22:45,399 --> 01:22:47,000
You short-squeezing bastard.
1994
01:22:47,034 --> 01:22:48,837
The short squeeze was
a marginal point of the thesis.
1995
01:22:48,870 --> 01:22:51,138
BRIGGSY:
Then why'd you talk about it
in your videos all the time?
1996
01:22:51,171 --> 01:22:52,439
KEVIN:
You did talk about it
in your videos.
1997
01:22:52,473 --> 01:22:53,675
Uh-huh.
You talked about it a lot.
1998
01:22:53,708 --> 01:22:55,008
You remember about the squeeze?
Exactly.
1999
01:22:55,042 --> 01:22:56,343
You were like,
"It's just a little squeeze."
2000
01:22:56,376 --> 01:22:57,679
Exactly.
And you're really asking us
2001
01:22:57,712 --> 01:22:59,046
to believe that you weren't
2002
01:22:59,079 --> 01:23:00,515
a leader to
all these retail traders?
2003
01:23:00,548 --> 01:23:01,850
You're fucked, buddy.
2004
01:23:01,883 --> 01:23:03,785
My point of view...
Asking-- Yes or no?
2005
01:23:03,818 --> 01:23:05,285
KEVIN: Yes or no? Yes or no?
BRIGGSY: Yes. So yes.
2006
01:23:05,319 --> 01:23:06,821
You are admitting it. Yes.
Yes or no?
2007
01:23:06,855 --> 01:23:08,355
Remember you-you had
the cheap bottle of champagne?
2008
01:23:08,388 --> 01:23:09,691
Kevin! Kevin!
You were dunking tendies
2009
01:23:09,724 --> 01:23:11,191
in there like a fucking--
What?
2010
01:23:12,827 --> 01:23:15,730
I'm running with my dick out.
2011
01:23:15,763 --> 01:23:17,331
Okay, why didn't you
just say that?
2012
01:23:17,364 --> 01:23:20,467
Okay. I'll stop. All right.
2013
01:23:20,501 --> 01:23:24,238
[HIGH-PITCHED]
Mr. Gill, what exactly
about the fundamentals
2014
01:23:24,271 --> 01:23:25,740
led you to build
this bull case?
2015
01:23:25,773 --> 01:23:27,675
BRIGGSY:
What the fuck's with the voice?
2016
01:23:27,709 --> 01:23:29,878
[NORMAL VOICE]
I don't know. I was trying
to do AOC, but it was flat.
2017
01:23:29,911 --> 01:23:31,245
BRIGGSY:
I don't even think
she's on the panel.
2018
01:23:31,278 --> 01:23:32,847
KEVIN:
You shut the fuck up, Briggsy.
2019
01:23:32,881 --> 01:23:34,414
I'll slap the shit out of you.
Is she on that panel?
2020
01:23:34,448 --> 01:23:35,817
I swear to God.
You're gonna slap me?
2021
01:23:35,850 --> 01:23:37,317
Yeah, let's go. Let's go.
You ready to go?
2022
01:23:37,351 --> 01:23:38,753
KEVIN:
I've been waiting
for this, dawg.
2023
01:23:38,786 --> 01:23:40,722
[♪♪♪]
2024
01:23:49,898 --> 01:23:51,231
[SIGHS]
2025
01:23:56,103 --> 01:23:57,271
Come here.
2026
01:24:05,880 --> 01:24:07,882
You're gonna be great.
2027
01:24:09,383 --> 01:24:11,719
If it goes bad,
it's gonna be real bad.
2028
01:24:11,753 --> 01:24:13,621
Well, don't let it go bad.
2029
01:24:13,655 --> 01:24:15,523
MAXINE WATERS [VOICE-OVER]:
This hearing will be the first
2030
01:24:15,557 --> 01:24:17,926
in a series of hearings
by the committee
2031
01:24:17,959 --> 01:24:22,797
to examine the recent market
volatility involving GameStop.
2032
01:24:22,830 --> 01:24:27,602
I want to know how each of
the witnesses here today
2033
01:24:27,635 --> 01:24:29,571
contributed to the historic...
Gabe, can you sit up?
2034
01:24:29,604 --> 01:24:33,206
WATERS:
...trading events in January.
2035
01:24:33,240 --> 01:24:37,712
This recent market volatility
has put a national spotlight
2036
01:24:37,745 --> 01:24:41,783
on institutional practices
by Wall Street firms.
2037
01:24:41,816 --> 01:24:45,452
And they have demonstrated
the enormous potential power
2038
01:24:45,485 --> 01:24:48,623
of social media in our markets.
2039
01:24:48,656 --> 01:24:51,325
We will hear firsthand
from the witnesses
2040
01:24:51,358 --> 01:24:53,061
regarding these events.
2041
01:24:53,093 --> 01:24:55,630
The hearing will be
an opportunity
2042
01:24:55,663 --> 01:24:57,097
for this committee
to get the facts
2043
01:24:57,130 --> 01:25:00,467
about the role each of
the witnesses represent
2044
01:25:00,500 --> 01:25:03,671
played in the events
we are examining today.
2045
01:25:03,705 --> 01:25:05,673
JUAN VARGAS:
Well, now, Mr. Griffin,
if I could just
2046
01:25:05,707 --> 01:25:07,341
ask you the first question?
Of course.
2047
01:25:07,374 --> 01:25:09,744
How many people are
in the room with you?
2048
01:25:09,777 --> 01:25:11,278
KEN:
That's your question?
2049
01:25:11,311 --> 01:25:12,680
VARGAS:
If you can just count
how many people
2050
01:25:12,714 --> 01:25:14,381
are in the room with you.
2051
01:25:18,118 --> 01:25:21,656
KEN:
There are five people,
including myself, in this room.
2052
01:25:21,689 --> 01:25:23,190
VARGAS:
Did anyone in
your organization...
2053
01:25:23,223 --> 01:25:24,626
Prick.
...since January 1st,
2054
01:25:24,659 --> 01:25:25,860
contact Robinhood?
2055
01:25:25,893 --> 01:25:28,529
We of course talk
to Robinhood routinely
2056
01:25:28,563 --> 01:25:30,364
in the ordinary course
of business.
2057
01:25:30,397 --> 01:25:32,667
We manage a substantial portion
of their order flow.
2058
01:25:32,700 --> 01:25:36,537
But did you talk to them about
restricting or doing anything
2059
01:25:36,571 --> 01:25:39,507
to prevent people
from buying GameStop?
2060
01:25:39,540 --> 01:25:42,110
I want to be perfectly clear.
2061
01:25:42,142 --> 01:25:45,813
We had no role
in Robinhood's decision
2062
01:25:45,847 --> 01:25:48,148
to limit trading in GameStop.
Fuck you, Ken Griffin.
2063
01:25:48,181 --> 01:25:50,785
VARGAS:
So, if we depose
everyone in your organization,
2064
01:25:50,818 --> 01:25:51,953
we will find that?
2065
01:25:51,986 --> 01:25:53,688
That is correct.
2066
01:25:53,721 --> 01:25:56,390
Looks like
a Disney Channel villain.
2067
01:25:56,423 --> 01:25:59,459
AL LAWSON:
Mr. Plotkin, do you
believe that there is, uh,
2068
01:25:59,493 --> 01:26:00,895
manipulation, distrust
2069
01:26:00,928 --> 01:26:03,798
and overall inequality
within American finance?
2070
01:26:03,831 --> 01:26:05,833
My focus is on
my company, Melvin...
2071
01:26:05,867 --> 01:26:07,501
[VOLUME MUTED]
2072
01:26:07,535 --> 01:26:08,670
KEVIN:
Hello?
2073
01:26:08,703 --> 01:26:10,370
You're on mute, dick.
2074
01:26:10,404 --> 01:26:12,406
Uh, I'm sorry. You're on mute.
2075
01:26:12,439 --> 01:26:13,541
[LAUGHTER]
2076
01:26:15,242 --> 01:26:16,644
[VOLUME MUTED]
2077
01:26:16,678 --> 01:26:17,879
STUDENT:
He just keeps going.
2078
01:26:17,912 --> 01:26:19,346
...my area of expertise.
2079
01:26:19,379 --> 01:26:21,082
TAYLOR:
You're still on mute.
2080
01:26:21,115 --> 01:26:23,483
I haven't been able to hear
a word you said, unfortunately.
2081
01:26:23,518 --> 01:26:25,853
OCASIO-CORTEZ:
Mr. Tenev, would you be
willing to commit today
2082
01:26:25,887 --> 01:26:27,421
to voluntarily
pass on the proceeds...
2083
01:26:27,454 --> 01:26:29,489
Ah. Marry me.
...of the payment for order flow
2084
01:26:29,524 --> 01:26:31,025
to Robinhood customers?
2085
01:26:31,059 --> 01:26:33,861
Congresswoman,
I appreciate that question.
2086
01:26:33,895 --> 01:26:35,897
When the statement
you refer to was made,
2087
01:26:35,930 --> 01:26:38,231
it was before Robinhood
forced the entire industry
2088
01:26:38,265 --> 01:26:39,499
to drop commissions
and replicate our...
2089
01:26:39,534 --> 01:26:40,868
I should take that as a no.
2090
01:26:40,902 --> 01:26:43,104
You're not willing
to pass on the proceeds
2091
01:26:43,137 --> 01:26:45,073
of payment for order flow
to your customers?
2092
01:26:45,106 --> 01:26:47,207
When the other brokers drop...
I'm just talking about today.
2093
01:26:47,240 --> 01:26:48,275
[STUDENTS CLAMORING]
2094
01:26:48,308 --> 01:26:49,409
Asshole!
I don't want to be rude.
2095
01:26:49,443 --> 01:26:50,945
I just have limited time.
2096
01:26:50,978 --> 01:26:52,680
Uh, but if removing
the revenues that you make
2097
01:26:52,714 --> 01:26:54,381
from a payment for order flow,
2098
01:26:54,414 --> 01:26:57,919
uh, would cause the removal
of free commissions,
2099
01:26:57,952 --> 01:26:59,721
doesn't that mean
that trading on Robinhood
2100
01:26:59,754 --> 01:27:01,221
isn't actually free
to begin with?
2101
01:27:01,254 --> 01:27:03,490
[STUDENTS MURMURING]
HARMONY: Good question.
2102
01:27:09,597 --> 01:27:12,066
WATERS:
Thank you very much,
uh, Mr. Gill.
2103
01:27:12,100 --> 01:27:14,301
You are now recognized
for five minutes
2104
01:27:14,334 --> 01:27:16,470
to present your oral testimony.
2105
01:27:18,472 --> 01:27:20,675
[BREATHES DEEPLY]
2106
01:27:28,649 --> 01:27:31,152
Thank you,
members of the committee.
2107
01:27:33,521 --> 01:27:36,758
I am happy to discuss
my purchase of GameStop shares
2108
01:27:36,791 --> 01:27:40,628
and my discussions of their
fair value on social media.
2109
01:27:41,763 --> 01:27:43,396
But before I do that,
2110
01:27:43,430 --> 01:27:45,199
a few things I am not.
2111
01:27:46,868 --> 01:27:48,102
I am not a cat.
2112
01:27:48,136 --> 01:27:49,570
[SIGHS]
2113
01:27:49,604 --> 01:27:51,906
What did he say?
KEVIN: He just said "cat," Ma.
2114
01:27:51,939 --> 01:27:53,074
It's like a,
it's like a Kitty thing.
2115
01:27:53,107 --> 01:27:54,142
KEITH:
Nor am I a hedge fund.
2116
01:27:54,175 --> 01:27:55,777
I do not have clients,
2117
01:27:55,810 --> 01:27:59,113
and I do not provide
personalized investment advice
2118
01:27:59,147 --> 01:28:00,948
for fees or commissions.
2119
01:28:00,982 --> 01:28:03,483
I grew up in Brockton, Mass.
2120
01:28:03,518 --> 01:28:05,485
My family was not wealthy.
2121
01:28:05,520 --> 01:28:08,790
My father was a truck driver
and my mom a registered nurse.
2122
01:28:08,823 --> 01:28:10,323
KEVIN:
That's you, Ma!
2123
01:28:10,357 --> 01:28:12,527
I was one of three kids
and the first in my family
2124
01:28:12,560 --> 01:28:15,029
to earn a four-year
college degree when I graduated
2125
01:28:15,062 --> 01:28:18,465
from Stonehill College in 2009.
2126
01:28:18,498 --> 01:28:21,102
That was not a good time
to be looking for a job.
2127
01:28:21,135 --> 01:28:23,171
From 2010 to 2017,
2128
01:28:23,204 --> 01:28:26,707
there were significant periods
when I was unemployed.
2129
01:28:26,741 --> 01:28:28,943
I took an interest
in the stock market,
2130
01:28:28,976 --> 01:28:31,378
and even though
I had very little money,
2131
01:28:31,411 --> 01:28:33,446
I used those times
to educate myself
2132
01:28:33,480 --> 01:28:35,448
and learn more about investing.
2133
01:28:35,482 --> 01:28:37,885
Mr. Gill, I find it
hard to believe
2134
01:28:37,919 --> 01:28:39,386
that you predicted everything
2135
01:28:39,419 --> 01:28:40,822
that happened to GameStop
2136
01:28:40,855 --> 01:28:43,291
with no inside information.
2137
01:28:43,323 --> 01:28:44,826
Uh, I didn't predict it.
2138
01:28:44,859 --> 01:28:46,828
I honestly couldn't
explain everything
2139
01:28:46,861 --> 01:28:48,129
that happened in January.
2140
01:28:48,162 --> 01:28:49,329
CONGRESSMAN:
I've seen your videos.
2141
01:28:49,362 --> 01:28:51,398
You honestly couldn't recount
2142
01:28:51,431 --> 01:28:52,667
to the committee
2143
01:28:52,700 --> 01:28:55,036
what caused
every single up and down
2144
01:28:55,069 --> 01:28:56,637
of the stock in January?
2145
01:28:56,671 --> 01:28:59,006
I think you could.
2146
01:28:59,040 --> 01:29:03,211
Um, I did follow the stock,
uh, very closely,
2147
01:29:03,244 --> 01:29:04,912
but threshold lists,
order flows,
2148
01:29:04,946 --> 01:29:06,714
halting purchases--
according to the press--
2149
01:29:06,747 --> 01:29:08,649
these all had
a material impact on the stock.
2150
01:29:08,683 --> 01:29:09,984
Here's the thing
2151
01:29:10,017 --> 01:29:11,418
I-I have a bit of experience
with this stuff,
2152
01:29:11,451 --> 01:29:13,420
and even I barely understand
these matters.
2153
01:29:13,453 --> 01:29:15,323
It's alarming
how little we all know
2154
01:29:15,355 --> 01:29:17,225
about the inner workings
of the market.
2155
01:29:17,258 --> 01:29:18,526
Which is why I'm glad
2156
01:29:18,559 --> 01:29:20,027
this committee is examining
what happened,
2157
01:29:20,061 --> 01:29:22,663
particularly with
the exorbitant short interest,
2158
01:29:22,697 --> 01:29:25,666
as well as any potentially
manipulative shorting practices
2159
01:29:25,700 --> 01:29:27,168
and brokers' reported failures
2160
01:29:27,201 --> 01:29:29,737
to timely deliver shares
and settle trades.
2161
01:29:33,241 --> 01:29:35,343
A lot of people feel
the system is broken.
2162
01:29:35,375 --> 01:29:37,912
The whole idea of the
stock market is to be, like,
2163
01:29:37,945 --> 01:29:40,413
kind of a fair playing field,
where if you're smart
2164
01:29:40,447 --> 01:29:44,051
and maybe with a little luck,
you can make your fortune.
2165
01:29:44,085 --> 01:29:47,454
But if it ever was that,
it's certainly not anymore.
2166
01:29:47,487 --> 01:29:49,223
The big firms have
such a big advantage
2167
01:29:49,257 --> 01:29:50,958
in terms of technology
and information
2168
01:29:50,992 --> 01:29:52,392
and just sheer wealth,
2169
01:29:52,425 --> 01:29:55,229
there's no hope
for the little guy anymore.
2170
01:29:55,263 --> 01:29:57,865
Or there was no hope.
2171
01:29:57,899 --> 01:29:59,567
Maybe now there is.
2172
01:30:02,270 --> 01:30:05,139
And as for me,
I like the stock.
2173
01:30:05,172 --> 01:30:06,140
[CHEERING]
2174
01:30:06,173 --> 01:30:08,609
He's gangster for that.
2175
01:30:08,643 --> 01:30:10,544
And I don't plan on selling
anytime soon.
2176
01:30:10,578 --> 01:30:12,046
MAN: Hold it! Hold it!
Say that shit.
2177
01:30:12,079 --> 01:30:13,080
Diamond fucking hand.
2178
01:30:13,114 --> 01:30:14,081
Diamond hands, baby.
2179
01:30:14,115 --> 01:30:15,950
Attaboy.
2180
01:30:15,983 --> 01:30:18,653
What a nerd.
2181
01:30:18,686 --> 01:30:20,888
Thank you.
2182
01:30:20,922 --> 01:30:22,823
[EXHALING HEAVILY]
2183
01:30:27,295 --> 01:30:28,896
It was good.
2184
01:30:28,930 --> 01:30:30,831
I think.
2185
01:30:30,865 --> 01:30:33,334
NEWSMAN:
Yesterday's Reddit
hearing in Congress
2186
01:30:33,367 --> 01:30:35,435
brought together
some of the power players
2187
01:30:35,468 --> 01:30:36,804
behind the January
trading frenzy.
2188
01:30:36,837 --> 01:30:38,105
NEWSWOMAN:
Representative Maxine Waters
2189
01:30:38,139 --> 01:30:39,607
did say that there will be, uh,
2190
01:30:39,640 --> 01:30:40,942
additional hearings on this
2191
01:30:40,975 --> 01:30:43,177
and there will be
two more to follow
2192
01:30:43,210 --> 01:30:44,679
to find more answers...
NEWSMAN 2: Ultimately,
2193
01:30:44,712 --> 01:30:47,148
whether it's markets
or social media--
2194
01:30:47,181 --> 01:30:49,317
or I'll just call it media,
'cause that's what it is now--
2195
01:30:49,350 --> 01:30:51,152
do you think
any new regulation gets done?
2196
01:30:51,185 --> 01:30:53,453
NEWSMAN 3:
What's clear is that
we're in the Wild West
2197
01:30:53,486 --> 01:30:55,256
and that there is so much
activity that's going on
2198
01:30:55,289 --> 01:30:56,991
on these online forums.
2199
01:30:57,024 --> 01:30:59,260
And we've seen in the last
month, in the last six weeks,
2200
01:30:59,293 --> 01:31:01,162
how much force
day traders en masse
2201
01:31:01,195 --> 01:31:03,531
can bring to the market
and actually affect it.
2202
01:31:03,564 --> 01:31:05,366
They used to just make
some noise around the edges.
2203
01:31:05,399 --> 01:31:07,902
Now they can actually move
markets and move securities.
2204
01:31:13,140 --> 01:31:15,042
[♪♪♪]
2205
01:31:26,654 --> 01:31:27,555
[MOUSE CLICKS]
2206
01:31:29,724 --> 01:31:30,925
[CAMERA BEEPS]
2207
01:31:39,900 --> 01:31:40,835
Cheers, everyone.
2208
01:31:47,742 --> 01:31:49,110
[SIGHS SOFTLY]
2209
01:31:53,280 --> 01:31:54,415
[SIGHS]
2210
01:31:57,451 --> 01:31:59,120
You're a fucking gangster.
2211
01:32:00,221 --> 01:32:02,123
[♪♪♪]
2212
01:32:19,073 --> 01:32:21,075
Hey, man, I noticed you've been
selling a lot of new games,
2213
01:32:21,108 --> 01:32:23,177
and I just want
to remind you again
2214
01:32:23,210 --> 01:32:24,712
that we really want
to be pushing customers
2215
01:32:24,745 --> 01:32:26,881
towards the higher margin
pre-owned games.
2216
01:32:28,115 --> 01:32:30,017
Yeah, I'm not gonna do that.
2217
01:32:30,051 --> 01:32:31,452
Excuse me?
2218
01:32:31,485 --> 01:32:33,120
Oh, and in fact,
I'm not gonna do any of
2219
01:32:33,154 --> 01:32:35,222
the "Circle of Life" bullshit
or your TikTok dance contest.
2220
01:32:35,256 --> 01:32:37,291
You're quitting, then?
2221
01:32:37,324 --> 01:32:38,559
Okay.
2222
01:32:38,592 --> 01:32:41,862
Nah, I mean,
I-I thought about it, but...
2223
01:32:41,896 --> 01:32:43,864
like, yo, I love it here.
2224
01:32:43,898 --> 01:32:45,633
So I think I'm-a stay.
2225
01:32:45,666 --> 01:32:47,101
Oh, you're awfully smug
for a kid
2226
01:32:47,134 --> 01:32:49,637
who lost all his money
buying stock.
2227
01:32:49,670 --> 01:32:52,073
What'd you say it was going to?
A thousand?
2228
01:32:53,307 --> 01:32:54,543
I'm also not gonna work
2229
01:32:54,575 --> 01:32:56,277
at the ass crack
of dawn anymore.
2230
01:32:56,310 --> 01:32:57,645
You're fired!
2231
01:32:59,814 --> 01:33:00,915
No, I'm not.
2232
01:33:00,948 --> 01:33:02,083
You got to get that approved
2233
01:33:02,116 --> 01:33:04,118
by like seven levels
of people, yo.
2234
01:33:04,151 --> 01:33:06,087
Thanks to the geniuses
who put that together.
2235
01:33:06,120 --> 01:33:09,223
[CHUCKLES]
The ones who used to own my ass.
2236
01:33:09,256 --> 01:33:10,191
You sold?
2237
01:33:11,692 --> 01:33:13,761
Half.
2238
01:33:13,794 --> 01:33:15,729
Right at the tippy-tippy top.
2239
01:33:15,763 --> 01:33:19,333
And I'm holding the other half
for the long haul. [CHUCKLES]
2240
01:33:19,366 --> 01:33:20,968
♪ 'Cause I'm a savage ♪
2241
01:33:21,001 --> 01:33:24,138
♪ Classy, bougie, ratchet ♪
[LAUGHS]
2242
01:33:24,171 --> 01:33:26,774
♪ Sassy, moody, nasty ♪
2243
01:33:26,807 --> 01:33:28,776
♪ Acting stupid,
what-what's happening? ♪
2244
01:33:28,809 --> 01:33:31,513
♪ Ay, I'm a savage ♪
♪ Yeah ♪
2245
01:33:31,546 --> 01:33:34,181
♪ Classy, bougie, ratchet ♪
♪ Whoa, yeah, oh ♪
2246
01:33:34,215 --> 01:33:36,984
♪ Sassy, moody, nasty ♪
♪ Whoa, yeah, oh ♪
2247
01:33:37,017 --> 01:33:39,153
♪ Acting stupid,
what's happening, bitch? ♪
2248
01:33:39,186 --> 01:33:40,654
♪ What's happening? ♪
♪ Bitch ♪
2249
01:33:40,688 --> 01:33:42,690
♪ I'm a savage ♪
♪ Yeah, hey ♪
2250
01:33:42,723 --> 01:33:45,493
♪ Classy, bougie, ratchet ♪
♪ Whoa, yeah, whoa ♪
2251
01:33:45,527 --> 01:33:48,996
♪ Sassy, moody, nasty ♪
♪ Hey, whoa, yeah, hey ♪
2252
01:33:49,029 --> 01:33:50,965
♪ Acting stupid,
what's happening, bitch? ♪
2253
01:33:50,998 --> 01:33:52,867
♪ What's happening? ♪
2254
01:33:52,900 --> 01:33:55,136
♪ Eat me and record it, but
your edge-up all I'm showing ♪
2255
01:33:55,169 --> 01:33:56,605
[CAR ALARM CHIRPS]
♪ I keep my niggas private ♪
2256
01:33:56,637 --> 01:33:58,472
♪ So his AP all I'm showing ♪
2257
01:33:58,507 --> 01:34:00,641
♪ Beefing with you bitches
really getting kinda boring ♪
2258
01:34:00,674 --> 01:34:02,143
♪ If it ain't about the money ♪
[ALARM HONKS]
2259
01:34:02,176 --> 01:34:03,477
♪ Then you know
I'm gon' ignore it ♪
2260
01:34:03,512 --> 01:34:04,945
♪ I'm the shit ♪
♪ Ooh, ay ♪
2261
01:34:04,979 --> 01:34:06,680
♪ I need a mop
to clean the floor ♪
2262
01:34:06,714 --> 01:34:08,349
♪ It's too much drip ♪
♪ Too much drip, ooh ♪
2263
01:34:08,382 --> 01:34:10,050
♪ I keep a knot, I keep
a watch, I keep a whip... ♪
2264
01:34:10,084 --> 01:34:11,685
Fuck yeah.
2265
01:34:11,719 --> 01:34:13,053
I'm here testifying today
2266
01:34:13,087 --> 01:34:14,788
far removed from my background.
2267
01:34:14,822 --> 01:34:16,991
I grew up in a middle-class
family in Portland, Maine.
2268
01:34:17,024 --> 01:34:18,627
I went to a public high school.
2269
01:34:18,659 --> 01:34:21,028
I studied hard
and got into a good college.
2270
01:34:21,061 --> 01:34:23,464
Upon graduation,
I did not have a job.
2271
01:34:23,497 --> 01:34:25,366
♪ What's happening, bitch? ♪
♪ Whoa, whoa ♪
2272
01:34:25,399 --> 01:34:26,800
♪ What's happening? ♪
♪ Whoa, bitch... ♪
2273
01:34:26,834 --> 01:34:29,303
When the statement
you refer to was made,
2274
01:34:29,336 --> 01:34:32,673
uh, I believe, 2015 or 2016,
2275
01:34:32,706 --> 01:34:35,676
it was before Robinhood
forced the entire industry
2276
01:34:35,709 --> 01:34:38,547
to drop commissions and...
I should take that as a no.
2277
01:34:38,580 --> 01:34:40,047
You're not willing
to pass on the proceeds
2278
01:34:40,080 --> 01:34:41,882
of payment for order flow
to your customers?
2279
01:34:41,916 --> 01:34:44,553
♪ That body right, but
you know this pussy fat, ooh ♪
2280
01:34:44,586 --> 01:34:47,421
♪ I drop a picture, now these
bitches feel attacked, ay ♪
2281
01:34:47,454 --> 01:34:50,357
♪ Don't let that nigga gas you
up and get you whacked, ooh ♪
2282
01:34:50,391 --> 01:34:51,660
♪ I make a call
and get that... ♪
2283
01:34:51,692 --> 01:34:53,562
VARGAS:
But did you talk to them about
2284
01:34:53,595 --> 01:34:57,865
restricting or doing anything
to prevent people from buying--
2285
01:34:57,898 --> 01:35:00,267
not selling but buying--
in GameStop?
2286
01:35:00,301 --> 01:35:03,170
Let me be perfectly clear.
2287
01:35:03,204 --> 01:35:05,372
Absolutely not.
2288
01:35:30,231 --> 01:35:32,800
As for me, I like the stock.
2289
01:35:32,833 --> 01:35:34,768
♪ Mwah. ♪
2290
01:35:34,802 --> 01:35:36,605
Hurry up, dick. It's cold.
2291
01:35:36,638 --> 01:35:39,240
[SIGHS]
I can't believe
you're my brother.
2292
01:35:39,273 --> 01:35:40,709
You look like
a fucking Ninja Turtle.
2293
01:35:40,741 --> 01:35:42,276
Ready?
Yup.
2294
01:35:42,309 --> 01:35:43,911
Set.
Fuck you!
2295
01:35:43,944 --> 01:35:46,080
What?! Kevin!
[LAUGHING]
2296
01:35:47,848 --> 01:35:49,517
Come on, Kitty!
[THUNDER RUMBLING]
2297
01:35:52,453 --> 01:35:54,822
["SEVEN NATION ARMY"
BY THE WHITE STRIPES PLAYING]
2298
01:35:59,326 --> 01:36:01,428
♪ I'm gonna fight 'em off ♪
2299
01:36:03,030 --> 01:36:07,101
♪ A seven-nation army
couldn't hold me back ♪
2300
01:36:07,134 --> 01:36:09,136
♪ They're gonna rip it off ♪
2301
01:36:10,804 --> 01:36:14,842
♪ Taking their time
right behind my back ♪
2302
01:36:14,875 --> 01:36:18,412
♪ And the message
coming from my eyes says ♪
2303
01:36:18,445 --> 01:36:20,314
♪ "Leave it alone" ♪
2304
01:36:20,347 --> 01:36:22,283
[♪♪♪]
2305
01:36:39,366 --> 01:36:41,302
[♪♪♪]
2306
01:36:54,481 --> 01:36:56,518
♪ Don't want to hear about it ♪
2307
01:36:58,185 --> 01:37:02,289
♪ Every single one's
got a story to tell ♪
2308
01:37:02,323 --> 01:37:04,191
♪ Everyone knows about it ♪
2309
01:37:05,926 --> 01:37:10,064
♪ From the queen of England
to the hounds of hell ♪
2310
01:37:10,097 --> 01:37:12,966
♪ And if I catch it
coming back my way ♪
2311
01:37:13,000 --> 01:37:15,235
♪ I'm gonna serve it to you ♪
2312
01:37:18,339 --> 01:37:20,675
♪ And that ain't
what you want to hear ♪
2313
01:37:20,709 --> 01:37:22,910
♪ But that's what I'll do ♪
2314
01:37:25,714 --> 01:37:29,183
♪ And the feeling
coming from my bones says ♪
2315
01:37:29,216 --> 01:37:31,185
♪ "Find a home" ♪
2316
01:37:31,218 --> 01:37:33,120
[♪♪♪]
2317
01:38:03,250 --> 01:38:05,152
[♪♪♪]
2318
01:38:21,001 --> 01:38:22,936
♪ I'm going to Wichita ♪
2319
01:38:24,672 --> 01:38:28,576
♪ Far from this opera
forevermore ♪
2320
01:38:28,610 --> 01:38:30,812
♪ I'm gonna work the straw ♪
2321
01:38:32,446 --> 01:38:36,718
♪ Make the sweat drip
out of every pore ♪
2322
01:38:36,751 --> 01:38:39,721
♪ And I'm bleeding and I'm
bleeding and I'm bleeding ♪
2323
01:38:39,754 --> 01:38:42,089
♪ Right before the Lord ♪
2324
01:38:44,592 --> 01:38:47,161
♪ All the words
are gonna bleed from me ♪
2325
01:38:47,194 --> 01:38:49,531
♪ And I will think no more ♪
2326
01:38:52,299 --> 01:38:55,770
♪ And the stains
coming from my blood tell me ♪
2327
01:38:55,804 --> 01:38:57,304
♪ "Go back home." ♪
2328
01:38:57,337 --> 01:38:59,273
[♪♪♪]
2329
01:39:14,789 --> 01:39:16,758
[SONG ENDS]
2330
01:39:16,791 --> 01:39:18,760
♪ Ooh, you make me wanna ♪
2331
01:39:18,793 --> 01:39:22,630
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2332
01:39:22,664 --> 01:39:24,799
♪ Ooh, you make me wanna ♪
2333
01:39:24,833 --> 01:39:26,500
[PURRING]
2334
01:39:26,534 --> 01:39:28,368
♪ Ooh, you make me wanna ♪
2335
01:39:28,402 --> 01:39:32,540
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2336
01:39:32,574 --> 01:39:34,007
[PURRING]
2337
01:39:34,041 --> 01:39:36,143
♪ Ooh, you make me wanna ♪
2338
01:39:36,176 --> 01:39:40,214
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2339
01:39:40,247 --> 01:39:41,649
[PURRING]
2340
01:39:41,683 --> 01:39:43,585
[♪♪♪]
2341
01:39:55,395 --> 01:39:57,097
♪ Ooh, you make me wanna ♪
2342
01:40:03,103 --> 01:40:04,973
♪ You make me wanna ♪
[PURRING]
2343
01:40:05,005 --> 01:40:06,708
♪ Ooh, you make me wanna ♪
2344
01:40:06,741 --> 01:40:10,912
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2345
01:40:10,945 --> 01:40:12,580
[PURRING]
2346
01:40:12,614 --> 01:40:14,381
♪ Ooh, you make me wanna ♪
2347
01:40:14,414 --> 01:40:18,653
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2348
01:40:18,686 --> 01:40:20,220
[PURRING]
2349
01:40:20,254 --> 01:40:22,155
♪ Ooh, you make me wanna ♪
2350
01:40:22,189 --> 01:40:26,260
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2351
01:40:26,293 --> 01:40:27,996
[PURRING]
2352
01:40:28,028 --> 01:40:29,864
♪ Ooh, you make me wanna ♪
2353
01:40:29,898 --> 01:40:33,935
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2354
01:40:33,968 --> 01:40:35,770
[PURRING]
2355
01:40:35,803 --> 01:40:37,572
♪ Ooh, you make me wanna ♪
2356
01:40:37,605 --> 01:40:41,709
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2357
01:40:41,743 --> 01:40:43,410
[PURRING]
2358
01:40:43,443 --> 01:40:45,345
♪ Ooh, you make me wanna ♪
2359
01:40:45,379 --> 01:40:49,383
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2360
01:40:49,416 --> 01:40:51,051
[PURRING]
2361
01:40:51,084 --> 01:40:52,954
♪ Ooh, you make me wanna ♪
2362
01:40:52,987 --> 01:40:56,925
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2363
01:40:56,958 --> 01:40:58,526
[PURRING]
2364
01:40:58,560 --> 01:41:00,460
[♪♪♪]
2365
01:41:10,270 --> 01:41:12,172
♪ Ooh, you make me wanna ♪
2366
01:41:17,979 --> 01:41:19,814
♪ You make me wanna ♪
[PURRING]
2367
01:41:19,847 --> 01:41:21,783
♪ Ooh, you make me wanna ♪
2368
01:41:21,816 --> 01:41:25,887
♪ Ooh, you make me wanna,
ooh, you make me wanna ♪
2369
01:41:25,920 --> 01:41:27,555
[PURRING]
2370
01:41:27,589 --> 01:41:29,456
♪ Ooh, you make me wanna ♪
2371
01:41:29,489 --> 01:41:33,160
♪ Ooh, you make me wanna,
ooh, you make me wanna. ♪
2372
01:41:33,193 --> 01:41:35,162
[SONG ENDS]
2373
01:41:35,195 --> 01:41:37,130
[♪♪♪]
2374
01:42:07,061 --> 01:42:08,997
[♪♪♪]
2375
01:42:39,093 --> 01:42:41,029
[♪♪♪]
2376
01:43:11,125 --> 01:43:13,061
[♪♪♪]
2377
01:43:43,157 --> 01:43:45,093
[♪♪♪]
2378
01:44:15,189 --> 01:44:17,125
[♪♪♪]
2379
01:44:47,221 --> 01:44:49,157
[MUSIC FADES]
176687
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