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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,001 --> 00:00:03,004 [ethereal music playing] 2 00:00:41,480 --> 00:00:43,899 [man 1] So, I'm here. 3 00:00:43,983 --> 00:00:48,070 {\an8}- And, I do not see anything happening. - [man 2 on speaker] Right. 4 00:00:48,153 --> 00:00:49,905 {\an8}- Right. - At all. 5 00:00:49,989 --> 00:00:50,990 Look, I'm very sorry, sir. 6 00:00:51,073 --> 00:00:54,201 Guess what I'm trying to understand is, what is the reason for this delay exactly? 7 00:00:54,284 --> 00:00:56,412 - Yeah. Mr. Plotkin, I'm so sorry. - Specifically. 8 00:00:56,495 --> 00:00:59,915 - But it's just that when we set out... - Yeah, we closed in November. 9 00:00:59,999 --> 00:01:02,334 We had the permit applications in before the end of the year. 10 00:01:02,418 --> 00:01:04,003 Once we get the final stamp of approval... 11 00:01:04,086 --> 00:01:05,462 We can't get the trucks here early? 12 00:01:05,546 --> 00:01:07,089 - Get 'em started. - Miami Beach ordinances 13 00:01:07,172 --> 00:01:08,757 - won't let me do that. - Is anyone actually 14 00:01:08,841 --> 00:01:10,926 - enforcing those regulations? - Look, Mr. Plotkin, 15 00:01:11,010 --> 00:01:12,469 I know you're eager to move in. Okay. 16 00:01:12,553 --> 00:01:14,763 Once we get the stamp of approval, y ou'll be the first... 17 00:01:14,847 --> 00:01:16,849 - One second. - Sure. 18 00:01:17,349 --> 00:01:18,434 {\an8}Hello? 19 00:01:18,517 --> 00:01:20,019 {\an8}[man groaning] 20 00:01:20,102 --> 00:01:23,272 {\an8}[groans] You see what's going on at GME? 21 00:01:23,355 --> 00:01:24,898 {\an8}[Gabe] There's more of these idiots? 22 00:01:24,982 --> 00:01:27,860 ...the short sellers, now they're getting creamed by the little guy... 23 00:01:27,943 --> 00:01:29,028 A lot more. 24 00:01:29,111 --> 00:01:30,571 [Gabe] They won't hold much longer. 25 00:01:30,654 --> 00:01:31,697 Go away. 26 00:01:32,573 --> 00:01:34,825 Oh, Gabe, honey, they're holding. 27 00:01:35,826 --> 00:01:37,995 It just crossed a hundred. 28 00:01:38,078 --> 00:01:40,331 Gabe, where are you? 29 00:01:40,414 --> 00:01:41,498 Fuck! 30 00:01:41,582 --> 00:01:43,292 You should probably dial in. 31 00:01:43,375 --> 00:01:44,585 Yeah, be on in one sec. 32 00:01:44,668 --> 00:01:46,253 ["WAP" playing] 33 00:01:46,337 --> 00:01:48,839 ♪ There's some whores in this house ♪ 34 00:01:48,922 --> 00:01:51,258 - ♪ I said, certified freak ♪ - ♪ Hold up! ♪ 35 00:01:51,342 --> 00:01:53,177 ♪ Seven days a week ♪ 36 00:01:53,260 --> 00:01:56,513 ♪ Wet-ass pussy Make that pull-out game weak ♪ 37 00:01:56,597 --> 00:01:59,266 - ♪ Whoo! Yeah, yeah ♪ - ♪ There's some whores in this house ♪ 38 00:01:59,350 --> 00:02:01,643 ♪ Yeah, you fucking With some wet-ass pussy... ♪ 39 00:02:01,727 --> 00:02:04,730 {\an8}I will tell you I've never seen anything like it. I'm concerned about it. 40 00:02:04,813 --> 00:02:06,690 I'm calling it the ultimate short squeeze. 41 00:02:06,774 --> 00:02:08,984 {\an8}You can lose money to infinity. 42 00:02:09,068 --> 00:02:12,529 It's very different, more highly leveraged game on the other side. 43 00:02:12,613 --> 00:02:13,822 ♪ Put this pussy... ♪ 44 00:02:13,906 --> 00:02:15,115 Holy fucking shit. 45 00:02:15,199 --> 00:02:16,200 ♪ Like a credit card... ♪ 46 00:02:16,283 --> 00:02:19,036 Right now we're gonna talk about GameStop. Those shares 47 00:02:19,119 --> 00:02:22,247 - are nonstop earning of about 130% today. - Holy fucking shit! 48 00:02:22,331 --> 00:02:23,957 - Holy shit! - What the... 49 00:02:24,041 --> 00:02:25,209 ...fuck! 50 00:02:25,292 --> 00:02:26,960 ♪ Let's role play, I'll wear a disguise ♪ 51 00:02:27,044 --> 00:02:29,713 ♪ I want you to park that big Mack truck Right in this little garage ♪ 52 00:02:29,797 --> 00:02:30,881 - Holy shit. - [song stops] 53 00:02:30,964 --> 00:02:32,633 - Yes. Hello? - [man] Great news, Mr. Plotkin. 54 00:02:32,716 --> 00:02:34,676 I think we'll be able to get you into your new home 55 00:02:34,760 --> 00:02:36,053 sooner than I actually thought. 56 00:02:36,136 --> 00:02:38,263 I think we're having some sort of miscommunication here. 57 00:02:38,347 --> 00:02:39,890 I'm not trying to move into that house. 58 00:02:39,973 --> 00:02:42,601 I'm trying to tear that house down so I can build a tennis court 59 00:02:42,684 --> 00:02:44,603 for me and my family to play during the pandemic. 60 00:02:44,686 --> 00:02:46,021 I thought it would be very simple. 61 00:02:46,105 --> 00:02:48,232 Apparently, it isn't because the pandemic is almost over 62 00:02:48,315 --> 00:02:51,110 and there's no tennis court. Thank you for your time. 63 00:02:51,193 --> 00:02:52,861 Yes, what? Hello? 64 00:02:52,945 --> 00:02:55,697 Hi, it's Ken Griffin. 65 00:03:01,245 --> 00:03:03,247 Hi there, Ken, how are you? Great to hear from you. 66 00:03:04,748 --> 00:03:05,833 Do you have a minute? 67 00:03:05,916 --> 00:03:07,793 [call waiting beeping] 68 00:03:07,876 --> 00:03:08,961 I, uh... 69 00:03:09,628 --> 00:03:10,462 Um... 70 00:03:10,546 --> 00:03:13,048 {\an8}I gotta call you right back. If that's okay. I'm so sorry. 71 00:03:14,258 --> 00:03:15,592 - Sure. - Okay, great. 72 00:03:17,136 --> 00:03:18,720 Hi. What's happening right now? 73 00:03:18,804 --> 00:03:21,223 It looks like there's one guy driving all the buying. 74 00:03:21,306 --> 00:03:22,558 What... What... What guy? 75 00:03:22,641 --> 00:03:23,642 ["WAP" resumes] 76 00:03:23,725 --> 00:03:26,019 [Steve] I believe his name is "Roaring Kitty." 77 00:03:26,103 --> 00:03:27,563 ♪ There's some whores in this house ♪ 78 00:03:27,646 --> 00:03:29,982 ♪ Yeah, you fucking With some wet-ass pussy... ♪ 79 00:03:30,065 --> 00:03:31,316 [Steve] Oh, wait, or... 80 00:03:31,400 --> 00:03:33,110 ♪ This wet-ass pussy... ♪ 81 00:03:33,193 --> 00:03:35,028 [Steve] "Deep Fucking Value." 82 00:03:35,112 --> 00:03:37,656 [Gabe] "Roaring Kitty" or "Deep Fucking Value." What? 83 00:03:38,615 --> 00:03:41,743 He's "Roaring Kitty" on YouTube and "Deep Fucking Value" on Reddit. 84 00:03:41,827 --> 00:03:44,288 [Gabe] Both? He couldn't pick one name? 85 00:03:44,371 --> 00:03:46,039 [Steve] I don't know. I love this guy. 86 00:03:46,123 --> 00:03:47,791 ♪ That's some wet-ass pussy ♪ 87 00:03:47,875 --> 00:03:49,626 ♪ Macaroni in a pot ♪ 88 00:03:49,710 --> 00:03:51,253 ♪ That's some wet-ass pussy ♪ 89 00:03:51,336 --> 00:03:53,213 - ♪ Ha ♪ - ♪ There's some whores in this house... ♪ 90 00:03:53,297 --> 00:03:54,590 Who is this schmuck? 91 00:03:54,673 --> 00:03:56,467 [Steve] I don't know, but I think I just came. 92 00:03:56,550 --> 00:03:57,384 [song stops] 93 00:03:58,010 --> 00:03:59,219 [cash register chimes] 94 00:04:00,637 --> 00:04:03,640 [pensive music playing] 95 00:04:22,534 --> 00:04:24,536 [man speaking indistinctly over PA] 96 00:05:00,155 --> 00:05:02,157 [music fades] 97 00:05:02,241 --> 00:05:04,451 - Uh, Ruby... Ruby, right? - Yeah. 98 00:05:04,535 --> 00:05:07,329 - Can I get a couple of Heinies, please? - Uh, one. Sorry, uh... 99 00:05:07,913 --> 00:05:10,165 - I'm gonna have a... - What? What's wrong with a Heinie? 100 00:05:10,249 --> 00:05:11,667 Drinking it since we were 17! 101 00:05:11,750 --> 00:05:13,752 Hey, drink what you like. No judgment. 102 00:05:13,835 --> 00:05:15,420 Uh, you have a Hamm's? 103 00:05:15,504 --> 00:05:18,006 - I'll have one of those. - The fuck did you just order? 104 00:05:18,090 --> 00:05:20,884 Oh, it's a nice one outta Milwaukee. Good quality. 105 00:05:20,968 --> 00:05:23,762 - Fifty cents a can before markup. - C'mon, Kitty. Forget about price. 106 00:05:23,845 --> 00:05:25,055 Get him a Heineken, thank you. 107 00:05:25,138 --> 00:05:26,515 - It's on me. - Thanks, man. 108 00:05:26,598 --> 00:05:29,226 Thank you, that's nice. I'll have a Hamm's. 109 00:05:29,309 --> 00:05:30,852 So, a Heineken and a Hamm's? 110 00:05:30,936 --> 00:05:31,979 Thank you. 111 00:05:32,062 --> 00:05:33,188 Please. 112 00:05:33,272 --> 00:05:34,523 Thank you, Ruby. 113 00:05:34,606 --> 00:05:36,608 [people chattering indistinctly] 114 00:05:40,153 --> 00:05:41,154 How you been, man? 115 00:05:41,238 --> 00:05:43,282 The whole Sara thing. 116 00:05:43,365 --> 00:05:46,493 Oh, yeah. Okay, uh... 117 00:05:46,576 --> 00:05:47,953 Up and down. 118 00:05:48,537 --> 00:05:49,663 Yeah. 119 00:05:51,206 --> 00:05:53,000 - How's your asshole brother? - Still an asshole. 120 00:05:53,083 --> 00:05:54,751 - Okay. - Yeah. 121 00:05:55,335 --> 00:05:56,962 - Keeping busy at least? - Uh... 122 00:05:57,045 --> 00:06:00,090 Got the day job at MassMutual. Working on my portfolio. 123 00:06:00,173 --> 00:06:02,509 That's the last thing you should be worrying about right now. 124 00:06:03,010 --> 00:06:04,970 Why? It's a... It's a good distraction. 125 00:06:05,053 --> 00:06:06,305 Lemme take that over for you. 126 00:06:06,388 --> 00:06:07,889 We got thousands of analysts at B of A 127 00:06:07,973 --> 00:06:10,309 - that do just this. C'mon, Kitty. - All good, man. Thank you. 128 00:06:10,392 --> 00:06:11,852 You should be focused on your family, 129 00:06:11,935 --> 00:06:13,395 not fucking around with penny stocks. 130 00:06:13,478 --> 00:06:16,106 They're not all penny stocks. GameStop isn't a penny stock. 131 00:06:16,189 --> 00:06:17,607 GameStop? 132 00:06:17,691 --> 00:06:19,067 - Dude... - You used to love GameStop! 133 00:06:19,151 --> 00:06:22,237 - Yeah, then I grew up. - Well, I think it's undervalued. 134 00:06:22,821 --> 00:06:24,823 I just sold off a bunch of other shit to double down. 135 00:06:24,906 --> 00:06:26,783 How much are we talking? A grand? 136 00:06:26,867 --> 00:06:27,909 - Fifty. - Bucks? 137 00:06:27,993 --> 00:06:29,036 Grand. 138 00:06:29,119 --> 00:06:30,162 Fifty-three grand. 139 00:06:30,245 --> 00:06:32,122 [laughs] Yeah. 140 00:06:36,752 --> 00:06:37,669 Kitty... 141 00:06:39,546 --> 00:06:41,798 - You don't even own a house. - It's got short interest, 142 00:06:41,882 --> 00:06:43,634 which is artificially pushing the price down. 143 00:06:43,717 --> 00:06:47,471 - Bro, you never bet against Wall Street! - Wall Street gets it wrong all the time. 144 00:06:47,554 --> 00:06:49,014 - Look at '08. - That was a one-off. 145 00:06:49,097 --> 00:06:50,474 These guys, they have all the money 146 00:06:50,557 --> 00:06:52,601 and the fancy degrees and the political juice, 147 00:06:52,684 --> 00:06:54,811 - and get it wrong. - Are you out of your mind? 148 00:06:54,895 --> 00:06:57,606 They've got the advantage, and they still get it wrong. 149 00:06:59,232 --> 00:07:01,777 No, gimme that, I'm drinking it. Even if it's 50 cents. 150 00:07:01,860 --> 00:07:02,861 It's four bucks. 151 00:07:02,944 --> 00:07:04,946 Well, my man just spent 53K on a penny stock. 152 00:07:05,030 --> 00:07:06,823 So, all he can afford is water. 153 00:07:06,907 --> 00:07:09,326 - You're a Wall Street guy? - Very much no. 154 00:07:09,409 --> 00:07:10,869 I'm a Wall Street guy. 155 00:07:10,952 --> 00:07:12,371 What was the stock? 156 00:07:13,622 --> 00:07:14,706 GameStop. 157 00:07:16,083 --> 00:07:17,417 The video game store. At the mall. 158 00:07:17,501 --> 00:07:21,004 - You really bought $53,000 of it? - Yeah, I don't believe it. 159 00:07:21,088 --> 00:07:23,173 He's fucking with us. You're fucking with us, right? 160 00:07:23,256 --> 00:07:24,883 You don't even have 50 grand. 161 00:07:24,966 --> 00:07:26,051 Let's see. 162 00:07:28,470 --> 00:07:29,596 {\an8}[Ruby] Oh, shit. 163 00:07:31,598 --> 00:07:33,517 How are you falling for this? 164 00:07:33,600 --> 00:07:35,977 He won't spend five bucks for a beer, 165 00:07:36,061 --> 00:07:39,398 but he'll put 50K in a stock that you think is a joke. 166 00:07:39,481 --> 00:07:40,982 And that's interesting to you? 167 00:07:41,858 --> 00:07:42,943 Yeah. 168 00:07:44,152 --> 00:07:45,278 It is. 169 00:07:51,243 --> 00:07:52,828 Drink your shitty beer. 170 00:07:52,911 --> 00:07:55,914 {\an8}[pensive music playing] 171 00:08:00,669 --> 00:08:02,212 [door opens] 172 00:08:02,295 --> 00:08:03,255 [Keith] Hey! 173 00:08:03,338 --> 00:08:04,381 [woman] Hey! 174 00:08:06,800 --> 00:08:08,343 Bedtime's already done? 175 00:08:08,427 --> 00:08:11,722 Yeah, she was exhausted. She skipped her nap. 176 00:08:13,515 --> 00:08:15,058 - How was Briggsy? - Uh... 177 00:08:15,142 --> 00:08:16,518 Good. Yeah. 178 00:08:20,147 --> 00:08:21,857 [faucet running] 179 00:08:24,818 --> 00:08:26,570 You guys talk about Sara? 180 00:08:28,488 --> 00:08:29,448 [Keith] Uh... 181 00:08:32,993 --> 00:08:34,661 Do you wanna sit down a minute? 182 00:08:34,745 --> 00:08:36,830 I'll feel better if I finish these first. 183 00:08:36,913 --> 00:08:37,789 [music fades] 184 00:08:37,873 --> 00:08:40,041 [Caroline] No, you won't. 185 00:09:05,442 --> 00:09:06,443 Do you think I'm insane? 186 00:09:06,526 --> 00:09:07,778 Yeah. 187 00:09:09,070 --> 00:09:10,697 Sorry. About what? 188 00:09:11,865 --> 00:09:12,991 GameStop. 189 00:09:13,074 --> 00:09:15,744 The most compelling asymmetric opportunity in the market? 190 00:09:17,871 --> 00:09:20,165 - What, did Briggsy make you jumpy? - A little. 191 00:09:20,248 --> 00:09:22,292 - What was his argument? - He didn't have one. 192 00:09:22,375 --> 00:09:24,878 - Well. - He just said it was a reckless bet. 193 00:09:24,961 --> 00:09:27,255 He said "you're putting your money in the next Blockbuster." 194 00:09:27,339 --> 00:09:28,173 Enough. Fuck Briggsy. 195 00:09:28,256 --> 00:09:31,927 You literally know more about this damn company than you know about me. 196 00:09:32,010 --> 00:09:32,928 It's true. 197 00:09:33,011 --> 00:09:35,931 And because of you, I know more about this company than I know about myself. 198 00:09:36,014 --> 00:09:39,726 But what if I'm missing something? We can't afford to miss something. 199 00:09:41,061 --> 00:09:42,813 It's all our savings. 200 00:09:43,522 --> 00:09:44,689 Go do a video. 201 00:09:45,982 --> 00:09:47,818 I can finish these first. I'm happy to... 202 00:09:47,901 --> 00:09:49,945 Go see what the nerds have to say. 203 00:09:50,028 --> 00:09:52,614 Our Wall Street Bets people aren't nerds, Caroline. 204 00:09:52,697 --> 00:09:55,116 They're gangsters. You make a dumb case and post it, 205 00:09:55,200 --> 00:09:57,536 - they'll rip you apart. - Well, then don't make a dumb case. 206 00:09:59,996 --> 00:10:02,624 [tense, pensive music playing] 207 00:10:16,680 --> 00:10:18,181 Okay, let's see what's new. 208 00:10:21,142 --> 00:10:23,186 Oh, there's a share. Okay, here we go. 209 00:10:26,106 --> 00:10:27,399 Oh, shit. 210 00:10:50,755 --> 00:10:52,215 All right... 211 00:10:53,008 --> 00:10:55,594 Just check on... See here. 212 00:11:05,895 --> 00:11:08,648 Yo, what up, everybody? Roaring Kitty here. 213 00:11:08,732 --> 00:11:11,776 Uh, I've done a few of these now, mostly on my investing methodology. 214 00:11:11,860 --> 00:11:14,613 Uh, but today I'm gonna try something a little different. 215 00:11:14,696 --> 00:11:18,033 I appreciate the feedback you guys have been leaving me by the way. 216 00:11:18,116 --> 00:11:21,703 Uh... Oh! More feedback comin' in hot. 217 00:11:21,786 --> 00:11:25,498 "Less cats." Okay. Great. 218 00:11:25,582 --> 00:11:29,127 Ah, like I was saying... Uh, what was I saying? 219 00:11:29,210 --> 00:11:30,086 Ah, I'm gonna try... 220 00:11:30,170 --> 00:11:32,297 Oh, and here's one from Ballz. 221 00:11:32,380 --> 00:11:33,798 "Nerd." 222 00:11:33,882 --> 00:11:35,800 And nerd is in all capitals. 223 00:11:35,884 --> 00:11:39,846 Like, okay, that's kinda mean. But okay, fair. 224 00:11:39,929 --> 00:11:40,930 Uh... 225 00:11:41,014 --> 00:11:42,932 "Nice shirt, Grandpa"? 226 00:11:43,016 --> 00:11:46,227 What? How old do you think I am? 227 00:11:46,311 --> 00:11:47,187 You know what? 228 00:11:47,270 --> 00:11:50,315 Thanks for the comments. We're gonna come back to them at the end. 229 00:11:50,398 --> 00:11:51,608 Here's what I wanna talk about. 230 00:11:52,400 --> 00:11:55,737 Uh, I'm gonna pick a stock and talk about why I think it's interesting. 231 00:11:55,820 --> 00:11:57,697 And that stock is... 232 00:11:59,115 --> 00:12:01,117 GameStop. Uh... 233 00:12:01,910 --> 00:12:03,286 I know it's a polarizing stock 234 00:12:03,370 --> 00:12:05,789 and some of you probably gonna tune out of the stream right now 235 00:12:05,872 --> 00:12:08,291 when you hear I'm bullish on GameStop. But I am. 236 00:12:08,375 --> 00:12:12,379 You can see it is now the biggest position by far in the Roaring Kitty portfolio. 237 00:12:12,462 --> 00:12:13,296 So... 238 00:12:13,380 --> 00:12:16,341 yeah, I think everyone else is crazy, and I think I'm right. 239 00:12:16,424 --> 00:12:20,887 But I've been wrong plenty of times in the past. So, uh... 240 00:12:20,970 --> 00:12:24,432 So, there are a lot of aspects to this bold thesis, a lot of moving parts, 241 00:12:24,516 --> 00:12:26,935 but I boil it down to what I consider the three overs: 242 00:12:27,018 --> 00:12:29,270 The digital risks seem to me to be overblown, 243 00:12:29,354 --> 00:12:30,730 the negative sentiment is overdone, 244 00:12:30,814 --> 00:12:32,482 you can see it with the huge short interest, 245 00:12:32,565 --> 00:12:34,401 and the value is overlooked. 246 00:12:34,484 --> 00:12:36,569 Wall Street just doesn't see it. 247 00:12:37,195 --> 00:12:38,363 Why? 248 00:12:38,446 --> 00:12:41,616 Mr. Market, why? 249 00:12:42,367 --> 00:12:45,120 The hedge funds are overlooking the value in the company 250 00:12:45,203 --> 00:12:47,831 just like they overlook the people who shop there. 251 00:12:47,914 --> 00:12:50,542 They assume most people download games online now. 252 00:12:50,625 --> 00:12:54,879 {\an8}But look, 25% of gamers still buy new discs from GameStop, 253 00:12:54,963 --> 00:12:57,924 and 40% buy used games from the store. 254 00:12:58,007 --> 00:12:59,884 And the market's kinda forced my hand here. 255 00:12:59,968 --> 00:13:02,846 What more can I say? I just like the stock. 256 00:13:02,929 --> 00:13:03,930 [man yells] Hey! 257 00:13:04,639 --> 00:13:06,057 Shit! 258 00:13:07,100 --> 00:13:08,768 - Did I wake you? - [Chris] Please stop. 259 00:13:08,852 --> 00:13:11,646 Mr. Donaldson, I need you in your bed. 260 00:13:11,730 --> 00:13:13,648 Kerin, can you please make sure Mr. Donaldson... 261 00:13:13,732 --> 00:13:16,109 [Donaldson] I don't need to go to bed. I need a cup of coffee. 262 00:13:16,192 --> 00:13:18,987 We can get you a cup of coffee. Kerin, coffee. 263 00:13:19,070 --> 00:13:20,155 [Chris] Oh! 264 00:13:20,780 --> 00:13:21,948 Well, isn't that beautiful? 265 00:13:22,532 --> 00:13:23,658 [Jenny] Oh, shit. 266 00:13:23,742 --> 00:13:24,993 [Chris laughs] 267 00:13:25,076 --> 00:13:29,873 "100% short GameStop stock (GME)"? 268 00:13:29,956 --> 00:13:31,249 It's an investment video. 269 00:13:31,332 --> 00:13:33,835 Hey, Jenny, for real, 270 00:13:33,918 --> 00:13:36,671 {\an8}I wouldn't take investment advice from a guy in a cat shirt. 271 00:13:36,755 --> 00:13:39,299 Oh, okay. Who do you take investment advice from? 272 00:13:39,382 --> 00:13:45,972 I don't have investments. And if I did, I'd listen to, like, a banker. 273 00:13:46,055 --> 00:13:47,474 Just the way they like it. 274 00:13:47,557 --> 00:13:51,436 "They." [laughs] Oh boy. Here we go... 275 00:13:51,519 --> 00:13:52,604 Just never mind. 276 00:13:52,687 --> 00:13:54,064 No, no, no, please tell me. 277 00:13:54,147 --> 00:13:57,275 I'm dying to know what Luke Wilson from The Royal Tenenbaums 278 00:13:57,358 --> 00:13:59,903 thinks we should do with our $68,000 a year. 279 00:13:59,986 --> 00:14:01,029 Who from what? 280 00:14:01,112 --> 00:14:02,113 Ugly Björn Borg. 281 00:14:02,197 --> 00:14:03,281 {\an8}[Jenny] Okay, fine. 282 00:14:03,364 --> 00:14:06,201 {\an8}Wall Street is betting that this company is gonna fail. 283 00:14:06,284 --> 00:14:07,786 It's called shorting. 284 00:14:07,869 --> 00:14:11,372 And if it fails, well, then everybody loses their job, 285 00:14:11,456 --> 00:14:14,042 but these hedge fund assholes make a shit ton of money. 286 00:14:14,125 --> 00:14:18,379 It's bullshit. It's a bullshit way for rich people to get richer. 287 00:14:18,463 --> 00:14:20,048 How did you even find this guy? 288 00:14:20,131 --> 00:14:22,675 Seventy thousand people have watched this video. 289 00:14:22,759 --> 00:14:25,095 He posts his balance sheets and everything. 290 00:14:25,178 --> 00:14:26,930 Wall Street Bets is going crazy over this. 291 00:14:27,013 --> 00:14:29,057 - Who? - It's an Internet forum. 292 00:14:29,140 --> 00:14:30,141 [Chris] Uh-huh. 293 00:14:30,934 --> 00:14:32,185 - On Reddit. - Now, see. No, no. 294 00:14:32,268 --> 00:14:34,562 I'm not gonna do this. The last time you brought up Reddit, 295 00:14:34,646 --> 00:14:37,315 it was just all these oil paintings of Donald Trump on horseback. 296 00:14:37,398 --> 00:14:39,109 - You liked it. - Detestable. 297 00:14:39,192 --> 00:14:41,778 - Look. - Okay, yeah. Let's take a look. 298 00:14:41,861 --> 00:14:43,363 Um... 299 00:14:43,446 --> 00:14:45,824 "Shit's not a pump-and-dump 300 00:14:45,907 --> 00:14:49,202 if it never dumps, you fuckheads..." 301 00:14:49,285 --> 00:14:53,331 "Feed me your tears, I use it as anal lube on your wives." 302 00:14:53,414 --> 00:14:54,457 Why did you go to that one? 303 00:14:54,541 --> 00:14:58,002 [Chris] Oh! Oh! Oh! "Strap on ur theta dildo 304 00:14:58,086 --> 00:15:02,132 - n start pounding." - Okay. Yes, that shit exists on here. 305 00:15:02,215 --> 00:15:05,927 But I also learned the difference between a delta squeeze and a gamma squeeze. 306 00:15:06,010 --> 00:15:07,929 And now everyone is talking about call options. 307 00:15:08,012 --> 00:15:11,474 Jenny, baby, you're never gonna find a man on there. 308 00:15:11,558 --> 00:15:12,892 [sighs] 309 00:15:12,976 --> 00:15:15,145 And you're never gonna date Puff Daddy. 310 00:15:15,228 --> 00:15:17,564 First of all, no one has said Puff Daddy since the '90s, 311 00:15:17,647 --> 00:15:19,941 and second of all, this isn't Puff Daddy. 312 00:15:20,733 --> 00:15:21,901 This is Loop Daddy. 313 00:15:22,819 --> 00:15:26,698 Okay, well, whatever Daddy he's called, he's weird looking. 314 00:15:26,781 --> 00:15:29,450 Hey, well, my guy has, what, five million TikTok followers. 315 00:15:29,534 --> 00:15:31,202 - How many does yours have? - I don't know. 316 00:15:31,286 --> 00:15:33,955 Quick scroll. 412. 317 00:15:34,038 --> 00:15:36,291 - Who cares? - The Internet at large. 318 00:15:36,374 --> 00:15:38,334 But hey. Least I aim high. 319 00:15:39,377 --> 00:15:41,254 - I aim high. - [Chris laughs] 320 00:15:43,173 --> 00:15:46,176 ["21" playing] 321 00:15:50,096 --> 00:15:53,349 ♪ 21 bands for the age of 21 ♪ 322 00:15:53,433 --> 00:15:56,728 ♪ I'mma flip the funds up Then I cop the Chevy truck ♪ 323 00:15:56,811 --> 00:16:00,106 ♪ Buy her what she want And you know she show me love ♪ 324 00:16:00,190 --> 00:16:03,067 ♪ Then I roll it up Then I roll it up ♪ 325 00:16:03,151 --> 00:16:06,279 {\an8}♪ Motherfuckers wanna hate me And shame me ♪ 326 00:16:06,362 --> 00:16:09,490 ♪ Motherfuckers wanna drain me Cobain me ♪ 327 00:16:09,574 --> 00:16:12,827 ♪ All these bitches trying to chain me And blame me ♪ 328 00:16:12,911 --> 00:16:16,539 ♪ Motherfuckers wanna change me And hate me ♪ 329 00:16:16,623 --> 00:16:19,125 [Keith on video] What up, everybody? Roaring Kitty here. 330 00:16:19,209 --> 00:16:24,088 {\an8}Yo! Yo! Yo! This price action, gettin' kind of ridiculous, am I right? 331 00:16:24,172 --> 00:16:26,633 Let's see what happens. See what happens at the end of the week. 332 00:16:26,716 --> 00:16:28,885 But it's all about the trend staying intact. 333 00:16:28,968 --> 00:16:30,678 But this, this looks sick. 334 00:16:31,554 --> 00:16:33,556 [wheels clacking] 335 00:16:34,182 --> 00:16:35,308 Morning, Marcos! 336 00:16:35,808 --> 00:16:38,770 [Marcos] Shit... Yo, what's... Hey, Brad. 337 00:16:45,985 --> 00:16:49,822 Yo, um, I was wondering if could I get an advance on my pay? 338 00:16:50,448 --> 00:16:51,950 [Brad] I can run it up the chain, 339 00:16:52,033 --> 00:16:54,410 but with all the cutbacks, that's unlikely. 340 00:16:55,495 --> 00:16:57,622 Oh, hey! You could do the employee TikTok contest. 341 00:16:57,705 --> 00:17:00,083 You do a lip sync, you can win 10 labor hours. 342 00:17:00,166 --> 00:17:01,793 [Marcos] Yeah, man, totally. 343 00:17:02,502 --> 00:17:05,463 That's dope. I was thinkin' "Savage." 344 00:17:06,839 --> 00:17:08,800 Yeah. Yeah, sure, I love it. 345 00:17:08,883 --> 00:17:11,261 Or yo, that Drake one with Lil Durk. 346 00:17:12,887 --> 00:17:14,097 That's a great one too. 347 00:17:14,180 --> 00:17:15,890 Because I know you love Lil Durk. 348 00:17:16,432 --> 00:17:17,350 - C'mon. - [Brad scoffs] 349 00:17:17,433 --> 00:17:19,978 No, I'm gonna do Megan Thee Stallion. For sure, for sure, for sure. 350 00:17:20,061 --> 00:17:21,020 ♪ I'm a savage ♪ 351 00:17:21,729 --> 00:17:24,023 ♪ Classy, bougie, ratchet ♪ 352 00:17:24,107 --> 00:17:26,734 ♪ Sassy, moody, nasty ♪ 353 00:17:26,818 --> 00:17:28,861 Okay, mask! Mask. 354 00:17:29,988 --> 00:17:31,281 Sorry. 355 00:17:31,364 --> 00:17:33,866 ♪ Acting stupid, what was happening? ♪ 356 00:17:34,450 --> 00:17:36,369 ♪ What's happening? I'm a savage ♪ 357 00:17:36,452 --> 00:17:39,580 Huh, A+ man. You're a shoo-in with moves like that. 358 00:17:39,664 --> 00:17:41,499 [Marcos] Yo, you think so for real, though? 359 00:17:42,542 --> 00:17:43,543 That's sweet, real. 360 00:17:45,044 --> 00:17:46,212 Ten labor hours. 361 00:17:47,088 --> 00:17:48,548 Damn, it's like Christmas came early! 362 00:17:50,216 --> 00:17:51,718 I'm pullin' for ya! 363 00:17:51,801 --> 00:17:53,094 Thanks, man. 364 00:17:53,177 --> 00:17:55,388 ["Savage" playing] 365 00:17:55,471 --> 00:17:56,514 ♪ I'm that bitch ♪ 366 00:17:56,597 --> 00:17:58,891 ♪ I'm that bitch Hey ♪ 367 00:17:58,975 --> 00:18:02,061 ♪ I'm the hood Mona Lisa Break a nigga into pieces ♪ 368 00:18:02,145 --> 00:18:05,023 ♪ Had to X some cheesy niggas Out my circle like a pizza ♪ 369 00:18:05,106 --> 00:18:08,693 ♪ I'm way too exclusive I don't shop on Insta' boutiques... ♪ 370 00:18:08,776 --> 00:18:11,029 ♪ ...only fit fake booties ♪ 371 00:18:11,112 --> 00:18:12,155 ♪ Fuck cash shit ♪ 372 00:18:12,238 --> 00:18:13,072 ♪ Talking cash shit ♪ 373 00:18:13,156 --> 00:18:15,241 ♪ Pussy like water I'm unbothered and relaxing ♪ 374 00:18:15,325 --> 00:18:16,159 Mmm! Fries. 375 00:18:16,242 --> 00:18:18,828 ♪ I would never trip on a nigga if I had him ♪ 376 00:18:18,911 --> 00:18:21,789 ♪ Bitch, that's my trash, you the maid So, you bagged him ♪ 377 00:18:21,873 --> 00:18:25,126 ♪ I'm a savage Classy, bougie, ratchet ♪ 378 00:18:25,209 --> 00:18:26,294 No, fuck! 379 00:18:26,377 --> 00:18:28,087 ♪ Sassy, moody, nasty... ♪ 380 00:18:28,171 --> 00:18:29,088 God! 381 00:18:29,172 --> 00:18:31,257 Goddamn it! Fuck! 382 00:18:31,341 --> 00:18:34,218 But first, cheers! Cheers, everybody. 383 00:18:34,302 --> 00:18:37,347 I mean, look. I know we still got a lot of bear takes out there. 384 00:18:37,430 --> 00:18:39,265 But as I dive deeper and deeper into this thing, 385 00:18:39,349 --> 00:18:41,142 it's looking increasingly compelling to me. 386 00:18:41,225 --> 00:18:44,437 And then you got the huge short interest. Now, I'm not betting on a short squeeze. 387 00:18:44,520 --> 00:18:46,272 I've been saying that the whole time. 388 00:18:46,356 --> 00:18:48,274 Thesis is grounded in fundamentals, but I'm not... 389 00:18:48,358 --> 00:18:49,776 But to... I mean, today, I'm... 390 00:18:49,859 --> 00:18:51,611 It's starting to feel a little squeezy, right? 391 00:18:51,694 --> 00:18:54,655 Starting to feel a little squeezy. Honk! I mean, hello. Okay! 392 00:18:54,739 --> 00:18:56,866 All right, all right. I need a drink. I need a drink. 393 00:18:59,285 --> 00:19:02,705 Now. A lot of you are accusing me of talking a big game. 394 00:19:02,789 --> 00:19:03,873 - [Caroline] Keith? - But... 395 00:19:03,956 --> 00:19:06,918 - [Caroline] Babe, where are you? - Oh... Coming! 396 00:19:07,752 --> 00:19:10,338 Duh... I'm on Daddy duty tonight. I'll be right back. 397 00:19:10,421 --> 00:19:11,839 ["Stack It" playing] 398 00:19:11,923 --> 00:19:13,800 ♪ Stack it, pack it Stack it, pack it, trap it ♪ 399 00:19:13,883 --> 00:19:16,803 ♪ Send it to a rich nigga Tell him work his magic ♪ 400 00:19:16,886 --> 00:19:19,889 ♪ Stack it, pack it Stack it, pack it, trap it ♪ 401 00:19:19,972 --> 00:19:22,892 ♪ Send it to a rich nigga Tell him make somethin' happen ♪ 402 00:19:22,975 --> 00:19:24,644 ♪ I ain't slowin' down for no clown ♪ 403 00:19:24,727 --> 00:19:25,561 [rings] 404 00:19:25,645 --> 00:19:28,606 ♪ Tell him hit the next route I'm the best out ♪ 405 00:19:28,689 --> 00:19:31,317 ♪ Work on my confidence Now my chest out ♪ 406 00:19:31,401 --> 00:19:34,987 ♪ Pop it and I'm blessed now They only love you when you down ♪ 407 00:19:35,071 --> 00:19:39,283 ♪ I'mma stack it, pack it Stack it, pack it, trap it... ♪ 408 00:19:39,367 --> 00:19:41,869 Okay. There you go. 409 00:19:43,121 --> 00:19:45,581 Ooh! Sorry. 410 00:19:45,665 --> 00:19:47,125 Quick tendie break. 411 00:19:47,625 --> 00:19:48,543 Mmm! 412 00:19:48,626 --> 00:19:49,877 Gotta love those tendies. 413 00:19:49,961 --> 00:19:51,254 Sweet, sweet tendies. 414 00:19:52,213 --> 00:19:53,631 Speaking of tendies. 415 00:19:54,841 --> 00:19:57,635 - Look at this. Look at this chart. - [auspicious music playing] 416 00:19:58,886 --> 00:20:02,598 We go from four, to six, to seven. Now... 417 00:20:03,141 --> 00:20:04,100 ten. 418 00:20:04,684 --> 00:20:07,353 Wall Street must be seeing this, right? 419 00:20:07,437 --> 00:20:09,856 Or are we just screaming into the void? 420 00:20:09,939 --> 00:20:13,317 Hello, Mr. Market. We got tendies too. 421 00:20:13,401 --> 00:20:15,736 We got tendies too. 422 00:20:17,530 --> 00:20:18,489 Maybe we are. 423 00:20:18,573 --> 00:20:23,911 They never saw the, like, nine billion resumes I sent from 2016 to 2019. 424 00:20:23,995 --> 00:20:26,414 Or in 2009, right after I graduated college. 425 00:20:26,497 --> 00:20:30,001 I guess they were busy with that whole "market crash" thing then. 426 00:20:30,084 --> 00:20:31,419 [car approaching] 427 00:20:31,502 --> 00:20:33,045 ["Stack It" blaring from car speakers] 428 00:20:33,129 --> 00:20:34,714 ♪ Send it to a rich nigga... ♪ 429 00:20:34,797 --> 00:20:36,674 - [tires screech] - Fuck! 430 00:20:36,757 --> 00:20:37,800 ♪ Stack it... ♪ 431 00:20:37,884 --> 00:20:38,885 [engine stops] 432 00:20:41,262 --> 00:20:42,180 [groans] 433 00:20:45,725 --> 00:20:47,018 Kevin, you son of a bitch! 434 00:20:47,101 --> 00:20:49,145 You can't run with a baby. You can't run with a baby! 435 00:20:49,228 --> 00:20:52,064 - Don't take my car, man! - I fucked up your seat! 436 00:20:52,148 --> 00:20:53,691 There's no gas left. 437 00:20:54,484 --> 00:20:56,611 - [cries] - I know. 438 00:20:56,694 --> 00:20:57,987 ["Better Man" playing] 439 00:20:58,070 --> 00:21:00,740 - ♪ You in the zone ♪ - ♪ I can be a better man... ♪ 440 00:21:00,823 --> 00:21:03,826 {\an8}[students chattering and chanting indistinctly] 441 00:21:03,910 --> 00:21:05,912 {\an8}["Better Man" continues over speakers] 442 00:21:07,246 --> 00:21:08,873 How did that taste? 443 00:21:11,167 --> 00:21:13,211 Hey-oh, can I put my pants back on? 444 00:21:13,294 --> 00:21:14,295 [all] No! 445 00:21:14,378 --> 00:21:19,717 "Choose a player and put your hand down their panties for a whole minute." 446 00:21:19,800 --> 00:21:21,260 [man 1] Panties, who's got panties? 447 00:21:21,344 --> 00:21:22,762 "Two shots if they refuse." 448 00:21:22,845 --> 00:21:25,181 - [students laugh] - I mean, I got some panties. 449 00:21:25,264 --> 00:21:26,807 - [students groan] - Ew! 450 00:21:26,891 --> 00:21:29,894 - [James] Bro. - [students chattering] 451 00:21:31,062 --> 00:21:33,314 - [man 1] Hello. [laughs] - [man 2] All right. 452 00:21:34,357 --> 00:21:36,150 - All right. - [woman] Hey, girl. 453 00:21:36,234 --> 00:21:37,652 You said two shots, right? 454 00:21:37,735 --> 00:21:39,195 Oh, c'mon. 455 00:21:39,278 --> 00:21:40,905 [students chattering] 456 00:21:40,988 --> 00:21:42,448 [Harmony] Fuck, all good. 457 00:21:42,532 --> 00:21:44,867 - Can someone start the timer? - I got you. 458 00:21:44,951 --> 00:21:47,370 - [Harmony] Should I just...? Okay. - [Riri] Get in there. 459 00:21:47,453 --> 00:21:48,746 - You sure? - Yeah. 460 00:21:49,497 --> 00:21:51,541 - [James] Whoa. - [woman whoops] 461 00:21:52,250 --> 00:21:53,584 Okay... 462 00:21:54,252 --> 00:21:55,294 Hi. 463 00:21:55,378 --> 00:21:56,462 Hi. 464 00:21:58,714 --> 00:22:01,133 - How are you? - [students laugh] 465 00:22:01,217 --> 00:22:02,635 Can you shut the fuck up? 466 00:22:02,718 --> 00:22:05,346 - Fuck off! - [laughing continues] 467 00:22:05,429 --> 00:22:06,931 [Harmony] So, what'd you do today? 468 00:22:07,014 --> 00:22:10,601 Well, I attended a Zoom seminar 469 00:22:10,685 --> 00:22:14,438 during which I watched two hours of TikTok. 470 00:22:16,274 --> 00:22:17,566 - [Harmony laughs] - Oh! 471 00:22:17,650 --> 00:22:20,653 I, um, purchased three shares of stock. 472 00:22:21,612 --> 00:22:23,072 Okay, what stock? 473 00:22:23,155 --> 00:22:25,825 - GameStop. - Yo, Roaring Kitty! 474 00:22:25,908 --> 00:22:27,576 C'mon. Yes, James. 475 00:22:27,660 --> 00:22:30,329 - [students laughing] - Can I please put some pants back on? 476 00:22:30,413 --> 00:22:31,414 - [all] No! - Sit down. 477 00:22:31,497 --> 00:22:34,709 I'm three days into that shit. Look it. That's just, that's only from today. 478 00:22:34,792 --> 00:22:37,128 I don't care. I don't know what the fuck I'm doing. 479 00:22:37,211 --> 00:22:39,922 - I just know I'm making money. - I'm not sold on that. 480 00:22:40,006 --> 00:22:41,716 [Riri] It's doubled since summer. 481 00:22:41,799 --> 00:22:44,176 And the more people who buy in, the higher it'll go. 482 00:22:44,260 --> 00:22:46,721 That sounds like the literal definition of a pyramid scheme. 483 00:22:47,513 --> 00:22:49,140 - That's time. - [man] Bravo! 484 00:22:50,224 --> 00:22:53,436 {\an8}["You Make Me Wanna Purr" blaring over speakers] 485 00:22:53,519 --> 00:22:55,896 ♪ You make me wanna You make me wanna ♪ 486 00:22:58,316 --> 00:23:01,610 ♪ You make me wanna You make me wanna ♪ 487 00:23:01,694 --> 00:23:03,571 ♪ You make me wanna ♪ 488 00:23:05,614 --> 00:23:09,785 ♪ You make me wanna You make me wanna ♪ 489 00:23:09,869 --> 00:23:11,454 ♪ You make me wanna... ♪ 490 00:23:12,496 --> 00:23:16,334 Sorry, I have terrible allergies. And a killer headache. 491 00:23:16,417 --> 00:23:18,586 Could just be the music coming from next door though. 492 00:23:18,669 --> 00:23:22,423 You see your buddy Ken's up to 57 billion in short positions? 493 00:23:22,506 --> 00:23:24,425 Yeah, smart. The economy's in free fall. 494 00:23:25,426 --> 00:23:26,927 - Mmm. - [snorts] 495 00:23:28,637 --> 00:23:31,015 I honestly can't tell if that was you or Romeo. 496 00:23:31,098 --> 00:23:32,641 Very funny. 497 00:23:32,725 --> 00:23:35,728 I'm telling you. This is when they drag out the guillotines. 498 00:23:36,312 --> 00:23:38,439 - You're obsessed with him. - The man is an asshole. 499 00:23:38,522 --> 00:23:42,485 He stole five analysts from me. All mediocre by the way. 500 00:23:43,277 --> 00:23:44,487 Oh, and two paintings. 501 00:23:44,570 --> 00:23:46,781 - What paintings? - A Picasso and a de Kooning. 502 00:23:46,864 --> 00:23:48,282 He overpaid 500 million. 503 00:23:48,366 --> 00:23:50,493 That is my entire nut from last year. 504 00:23:50,576 --> 00:23:52,286 The man is an asshole. Just admit it. 505 00:23:52,370 --> 00:23:54,705 You're just bitter he stole those analysts. 506 00:23:54,789 --> 00:23:56,749 You seen Citadel's projected revenue? 507 00:23:56,832 --> 00:23:58,959 Seven billion dollars. 508 00:23:59,043 --> 00:24:01,587 That's, uh, double last year. 509 00:24:01,670 --> 00:24:03,756 Hoovering up all the stimulus checks. 510 00:24:03,839 --> 00:24:07,593 They go straight from the retail traders right into Kenny boy's pockets. 511 00:24:07,676 --> 00:24:11,764 The man just gets away with murder. Look at what I just sent you. 512 00:24:19,438 --> 00:24:23,025 Is this a video of a man drinking his own urine because a stock went up? 513 00:24:23,109 --> 00:24:24,276 #1 post on the site. 514 00:24:24,360 --> 00:24:25,903 Where did you get this? 515 00:24:25,986 --> 00:24:27,863 My analysts sent it to me. 516 00:24:27,947 --> 00:24:33,035 They call themselves apes and r-words. Retard, can they say that? 517 00:24:33,119 --> 00:24:37,164 Remarkably self-aware. They've hooked into GameStop for whatever reason. 518 00:24:37,248 --> 00:24:38,916 They think it's funny, it seems. 519 00:24:38,999 --> 00:24:40,292 I think it's funny. 520 00:24:40,376 --> 00:24:42,002 I think they think it's a good investment. 521 00:24:42,086 --> 00:24:44,380 Retail traders always lose. 522 00:24:46,215 --> 00:24:48,342 We've actually been short GameStop since 2014. 523 00:24:48,426 --> 00:24:53,389 The company is a complete disaster. They've had six CEOs in two years. 524 00:24:54,390 --> 00:24:56,892 Guess these guys are ignoring obvious secular market trends. 525 00:24:56,976 --> 00:25:00,020 Or they're... the stupidest people on earth. 526 00:25:00,104 --> 00:25:02,523 You're shorting more right now, aren't you? 527 00:25:02,606 --> 00:25:04,984 600,000 shares, maybe. 528 00:25:05,568 --> 00:25:07,194 Dumb money, man. 529 00:25:07,278 --> 00:25:08,696 I'm happy to take it. 530 00:25:08,779 --> 00:25:11,782 ["You Make Me Wanna Purr" continues blaring outside] 531 00:25:12,700 --> 00:25:15,578 Mmm! Mmm-mmm-mmm! 532 00:25:16,203 --> 00:25:17,913 Mmm-mmm-mmm! 533 00:25:17,997 --> 00:25:19,874 [automated voice] Listen up, retards, 534 00:25:19,957 --> 00:25:24,879 Melvin Capital has declared war on GME by shorting the stock even more. 535 00:25:24,962 --> 00:25:28,966 {\an8}This is our call to activate diamond hands, my fellow warriors. 536 00:25:29,049 --> 00:25:33,971 {\an8}We will not let the gay bears defeat us. We are on a mission to the fucking moon. 537 00:25:34,054 --> 00:25:37,016 {\an8}This is one that is bigger than your personal gains. 538 00:25:37,099 --> 00:25:39,643 {\an8}More than just tendies for a new Lambo. 539 00:25:39,727 --> 00:25:43,814 {\an8}This is our chance to rise up together. To stick it to the big man. 540 00:25:43,898 --> 00:25:46,066 {\an8}Squeezing Melvin by the fucking balls 541 00:25:46,150 --> 00:25:48,986 {\an8}with the collective power of diamond handing autists. 542 00:25:49,570 --> 00:25:52,990 Wall Street Bets I thought were a bunch of idiots just throwing money at a stock 543 00:25:53,073 --> 00:25:54,700 because they thought it was funny. 544 00:25:54,783 --> 00:25:56,035 I was wrong. 545 00:25:56,118 --> 00:25:58,579 Now I see what Wall Street Bets really is. 546 00:25:58,662 --> 00:26:01,624 - It is a revolution. - This is one of those rare moments 547 00:26:01,707 --> 00:26:03,751 where Wall Street are the ones getting screwed over. 548 00:26:03,834 --> 00:26:05,461 And when we decide we're hungry, 549 00:26:05,544 --> 00:26:07,922 there is very little the rich can do to stop us 550 00:26:08,005 --> 00:26:10,090 - from beating them. - It's a GameStop to stop the game. 551 00:26:10,174 --> 00:26:12,259 - Power to the people. - I'm jerking off right now. 552 00:26:12,343 --> 00:26:13,302 Jerking off right now. 553 00:26:13,385 --> 00:26:15,930 [automated voice] So, welcome aboard, grab your peanuts, 554 00:26:16,013 --> 00:26:17,890 and get the fuck in, retard. 555 00:26:17,973 --> 00:26:20,059 [Keith] Ho, ho, ho! 556 00:26:20,142 --> 00:26:25,481 What up, everybody? Merry Christmas, Happy New Year's, happy holidays. Uh... 557 00:26:25,564 --> 00:26:27,900 2020... See ya. 558 00:26:27,983 --> 00:26:31,028 2020 has been a very rough year for my family too. 559 00:26:31,111 --> 00:26:34,114 So, this GameStop news has been a bit of a bright spot. 560 00:26:34,198 --> 00:26:36,700 Uh, look at this, I mean, where it's at. 561 00:26:36,784 --> 00:26:40,412 {\an8}It's a five bagger from where it was over the summer. 562 00:26:40,496 --> 00:26:44,416 You don't often see a thesis play out like this. 563 00:26:44,500 --> 00:26:45,501 So, we gotta... 564 00:26:45,584 --> 00:26:48,128 We can't take it for granted, right? We gotta appreciate it. 565 00:26:49,046 --> 00:26:51,465 Thank you, Santa. Right. 566 00:26:52,216 --> 00:26:56,011 Uh, I wanted to say cheers all of you. 567 00:26:56,095 --> 00:26:58,264 You're why I'm here in the first place. 568 00:26:58,931 --> 00:27:02,017 Uh, it's fun to talk about. I mean, I figure, 569 00:27:02,101 --> 00:27:04,603 if I worked at a hedge fund, I'd compare notes with my colleagues. 570 00:27:04,687 --> 00:27:07,189 But I don't. I'm stuck at home like you guys. So... 571 00:27:07,273 --> 00:27:09,567 {\an8}Uh, I believe in this stock. 572 00:27:09,650 --> 00:27:11,902 {\an8}And I believe in this community. 573 00:27:12,570 --> 00:27:13,779 Um... 574 00:27:13,862 --> 00:27:18,659 I'll be honest, uh, it's been kind of a shitty year. 575 00:27:19,910 --> 00:27:24,665 Uh, for a lot of people. Lotta people lost people the past 12 months. I did too. 576 00:27:24,748 --> 00:27:26,917 Uh, my sister, Sara. 577 00:27:27,001 --> 00:27:28,002 Uh... 578 00:27:28,085 --> 00:27:31,088 [poignant, pensive music playing] 579 00:27:35,968 --> 00:27:37,845 I don't talk about it much. 580 00:27:39,638 --> 00:27:41,599 But it felt right to tell you. 581 00:27:41,682 --> 00:27:43,934 Uh, we've been through so much together. 582 00:27:44,018 --> 00:27:47,062 You've made me feel a part of something, something big. 583 00:27:48,022 --> 00:27:50,858 {\an8}So, uh, Merry Christmas. Cheers. 584 00:27:57,364 --> 00:27:59,366 [music fades] 585 00:28:03,912 --> 00:28:05,914 [keypad beeping] 586 00:28:24,725 --> 00:28:25,851 I like your car. 587 00:28:28,354 --> 00:28:29,563 It's a classic. 588 00:28:29,647 --> 00:28:31,231 - '95. - [man] Yes! 589 00:28:31,315 --> 00:28:33,108 Sadly, it's a gas-guzzler. 590 00:28:33,192 --> 00:28:35,611 Yeah, yup, this one too. 591 00:28:36,570 --> 00:28:40,616 But she's such a beauty I couldn't stand to trade her. 592 00:28:40,699 --> 00:28:42,284 '96 Honda Accord? 593 00:28:42,368 --> 00:28:45,704 Uh, 2003. Not quite a classic. 594 00:28:46,330 --> 00:28:47,331 [chuckles] 595 00:28:54,088 --> 00:28:58,175 It's kinda weird to talk to someone and see their whole face. Right? 596 00:28:58,258 --> 00:28:59,718 It's been so long. 597 00:29:00,552 --> 00:29:04,306 I... I work at a hospital, you could probably tell. 598 00:29:04,390 --> 00:29:05,557 Essential worker. 599 00:29:06,141 --> 00:29:07,559 Thank you for everything you do. 600 00:29:07,643 --> 00:29:08,852 Oh, you're very welcome. 601 00:29:10,896 --> 00:29:11,772 [pump clicks] 602 00:29:13,482 --> 00:29:14,483 [pump clacks] 603 00:29:16,360 --> 00:29:17,569 [pump receiver clicks] 604 00:29:20,322 --> 00:29:21,740 [man] Hey, uh... 605 00:29:22,866 --> 00:29:24,284 Have a good night. 606 00:29:25,202 --> 00:29:26,328 Cool. 607 00:29:27,121 --> 00:29:28,622 Safe travels. 608 00:29:34,753 --> 00:29:35,629 [car door closes] 609 00:29:36,296 --> 00:29:37,297 [engine starts] 610 00:29:45,305 --> 00:29:47,474 [Riri] Remember when you were just making fun of me 611 00:29:47,558 --> 00:29:50,894 - and now you're literally obsessed. - No, I don't recall. 612 00:29:50,978 --> 00:29:53,856 - How much are you up? - 948. 613 00:29:53,939 --> 00:29:57,067 Stock dipped a little, it was like 2,000 before Christmas. 614 00:29:57,151 --> 00:29:58,694 Maybe you should sell. 615 00:30:00,863 --> 00:30:02,990 No. It's not about the money. 616 00:30:03,073 --> 00:30:04,992 The stock market is not about the money? 617 00:30:05,075 --> 00:30:07,578 No. You just gotta read some of the stuff on here. 618 00:30:08,162 --> 00:30:11,874 Never understood why my dad was so pissed off about this whole thing, 619 00:30:11,957 --> 00:30:13,000 but now I do. 620 00:30:14,585 --> 00:30:16,086 I told you about his store, right? 621 00:30:16,170 --> 00:30:17,546 Costco? 622 00:30:18,213 --> 00:30:19,715 Shopko. 623 00:30:19,798 --> 00:30:21,383 It was like, this like... 624 00:30:22,217 --> 00:30:24,011 big chain in our area. 625 00:30:24,845 --> 00:30:28,724 My dad, he worked his way all the way up from bag boy to general manager. 626 00:30:29,475 --> 00:30:32,186 Then one of these Wall Street funds came in, bought it, 627 00:30:32,269 --> 00:30:36,648 and vampire-sucked all the money out of it and then declared bankruptcy. 628 00:30:36,732 --> 00:30:37,816 Fuck. 629 00:30:38,942 --> 00:30:40,027 Yeah. 630 00:30:41,737 --> 00:30:44,782 He lost his pension. Everything. 631 00:30:46,116 --> 00:30:48,994 It's why he had to work at Pick 'n fuckin' Save till the day he died. 632 00:30:49,078 --> 00:30:51,455 And now that's why I'm up to my ass in debt. 633 00:30:52,790 --> 00:30:55,459 And these fuckers are trying to do the same thing to GameStop. 634 00:30:56,919 --> 00:30:58,087 Fuck 'em. 635 00:30:59,713 --> 00:31:01,048 Fuck 'em all. 636 00:31:22,694 --> 00:31:24,571 - [Riri] Wait, look. - Hm? 637 00:31:24,655 --> 00:31:25,989 Look at this. 638 00:31:26,073 --> 00:31:28,867 - This guy wants to CashApp me $100... - Shut the fuck up. 639 00:31:28,951 --> 00:31:32,913 ...to send him a selfie. Or 500 if I live chat him from a bubble bath. 640 00:31:32,996 --> 00:31:34,832 [Harmony] Yes! Yes, we should do it. 641 00:31:34,915 --> 00:31:37,042 - What? - Yes, we do it. 642 00:31:37,126 --> 00:31:39,503 And then put the money into GameStop. 643 00:31:40,045 --> 00:31:43,799 - Who am I talking to right now? - C'mon, bitch, let's go get a tub. 644 00:31:43,882 --> 00:31:45,509 ["Litt" playing] 645 00:31:45,592 --> 00:31:47,970 ♪ We got this motherfucker lit On some money shit ♪ 646 00:31:48,053 --> 00:31:50,973 ♪ Yeah, everybody's shit Everybody's shit, yeah ♪ 647 00:31:51,056 --> 00:31:53,517 ♪ We got this motherfucker lit On some money shit ♪ 648 00:31:53,600 --> 00:31:56,186 ♪ Everybody's shit Everybody's shit ♪ 649 00:31:56,270 --> 00:31:57,521 ♪ Unh, please don't pretend... ♪ 650 00:31:57,604 --> 00:31:58,689 [woman] Your entire business 651 00:31:58,772 --> 00:32:00,816 is kids spending their lunch money on random stocks. 652 00:32:00,899 --> 00:32:02,651 They come to you because it's free. 653 00:32:02,734 --> 00:32:06,738 {\an8}But if you don't charge a commission on their trades, 654 00:32:06,822 --> 00:32:08,657 how do you make money? 655 00:32:08,740 --> 00:32:09,616 [song stops] 656 00:32:09,700 --> 00:32:15,289 The idea for Robinhood really came out of the Occupy Wall Street movement. 657 00:32:15,372 --> 00:32:16,999 All those people with no way of getting in. 658 00:32:17,082 --> 00:32:19,334 Is that what Occupy was about? 659 00:32:19,418 --> 00:32:22,171 I mean, were they trying to get in or... 660 00:32:22,254 --> 00:32:24,339 So, we said it's not enough to occupy. 661 00:32:24,423 --> 00:32:27,301 - We need to democratize Wall Street. - Nat, I'm not sure you know this, 662 00:32:27,384 --> 00:32:28,802 but Baiju and I are both immigrants. 663 00:32:28,886 --> 00:32:30,596 I was born in Bulgaria, 664 00:32:30,679 --> 00:32:33,265 and Baiju's parents immigrated from India to the Deep South. 665 00:32:34,141 --> 00:32:37,811 Can you imagine growing up in rural Virginia with a name like 666 00:32:37,895 --> 00:32:40,856 Baiju Prafulkumar Bhatt? [laughs] 667 00:32:40,939 --> 00:32:44,193 We created commission-free trading so that anyone can get in the game. 668 00:32:44,276 --> 00:32:47,738 You don't even need a bank account. People have really responded. 669 00:32:47,821 --> 00:32:51,700 We've added five million users, uh, in the last six months, 670 00:32:51,783 --> 00:32:54,536 - for a total of, um... - Close to 20 at this point. Million. 671 00:32:54,620 --> 00:32:56,371 [Nat] So, you're one of these tech companies 672 00:32:56,455 --> 00:32:58,707 that's exploded growth-wise, but doesn't make any money. 673 00:32:58,790 --> 00:33:00,542 - We make money. - [Nat] But how? 674 00:33:00,626 --> 00:33:03,545 - If you don't charge commission then... - From interest on people's accounts. 675 00:33:03,629 --> 00:33:05,130 [Nat] But your users are mostly young. 676 00:33:05,214 --> 00:33:07,925 So, how much money can they really be keeping in their account? 677 00:33:08,008 --> 00:33:09,551 There's also payment for order flow. 678 00:33:09,635 --> 00:33:10,469 What's that? 679 00:33:10,552 --> 00:33:13,347 We prefer the term "stock order routing." 680 00:33:13,430 --> 00:33:15,307 When you buy or sell a stock on our app, 681 00:33:15,390 --> 00:33:18,101 we send your order to market makers, who process the order. 682 00:33:18,185 --> 00:33:20,479 They pay us a tiny rebate on every trade. 683 00:33:20,562 --> 00:33:22,272 - Tiny. - But it adds up. 684 00:33:22,356 --> 00:33:24,608 We should really get back to how we... started our company. 685 00:33:24,691 --> 00:33:26,109 What market maker do you work with? 686 00:33:26,193 --> 00:33:28,403 A few. Citadel Securities mostly. 687 00:33:28,487 --> 00:33:30,781 Ken Griffin's firm? Isn't that a hedge fund? 688 00:33:30,864 --> 00:33:34,368 Well, Ken Griffin's hedge fund is called Citadel. 689 00:33:34,451 --> 00:33:37,037 But Citadel Securities is a completely different company. 690 00:33:37,120 --> 00:33:38,830 Also owned by Ken Griffin? 691 00:33:40,249 --> 00:33:41,333 All right, 692 00:33:42,000 --> 00:33:44,670 we weren't gonna do this, but we'll give you a scoop. 693 00:33:45,337 --> 00:33:47,172 Off the record for now. 694 00:33:47,839 --> 00:33:48,882 Okay. 695 00:33:50,217 --> 00:33:52,135 We're looking to IPO soon. 696 00:33:54,012 --> 00:33:56,515 Damn. Okay. 697 00:33:57,641 --> 00:33:58,475 That's big. 698 00:33:58,558 --> 00:33:59,977 ["Humble" playing] 699 00:34:00,060 --> 00:34:02,938 ♪ Girl, I can buy your ass the world With my paystub ♪ 700 00:34:03,021 --> 00:34:06,316 ♪ Ooh, that pussy good Won't you sit it on my taste bloods? ♪ 701 00:34:06,400 --> 00:34:09,611 ♪ I get way too petty Once you let me do the extras ♪ 702 00:34:09,695 --> 00:34:12,572 ♪ Pull up on your block then break it down We playin' Tetris ♪ 703 00:34:12,656 --> 00:34:15,784 ♪ AM to the PM, PM to the AM, funk ♪ 704 00:34:15,867 --> 00:34:18,996 ♪ Piss out your per diem You just gotta hate 'em, funk ♪ 705 00:34:19,079 --> 00:34:20,455 ♪ If I quit your BM ♪ 706 00:34:20,539 --> 00:34:22,666 ♪ Hold up Sit down, lil bitch ♪ 707 00:34:22,749 --> 00:34:24,584 ♪ Be humble, lil bitch... ♪ 708 00:34:24,668 --> 00:34:25,961 Okay, don't say the bad word. 709 00:34:26,044 --> 00:34:27,212 [boy] ♪ Be humble ♪ 710 00:34:27,296 --> 00:34:28,880 ♪ Sit down ♪ 711 00:34:28,964 --> 00:34:30,465 ♪ ...be humble... ♪ 712 00:34:30,549 --> 00:34:33,135 [Marcos] ♪ Sit down, be humble ♪ 713 00:34:33,760 --> 00:34:35,053 - ♪ Sit down ♪ - ♪ Sit down ♪ 714 00:34:35,137 --> 00:34:36,972 - ♪ ...be humble ♪ - ♪ Hold up, lil bitch ♪ 715 00:34:37,055 --> 00:34:39,725 - ♪ Sit down, be humble ♪ - ♪ Sit down, lil bitch ♪ 716 00:34:39,808 --> 00:34:41,852 - ♪ Bitch, sit down ♪ - ♪ Hold up... ♪ 717 00:34:41,935 --> 00:34:44,104 ♪ Be humble, sit down, lil bitch ♪ 718 00:34:44,187 --> 00:34:46,356 Kev, please. Your father needs to concentrate. 719 00:34:46,440 --> 00:34:47,566 ♪ Well, sit down, lil bitch ♪ 720 00:34:47,649 --> 00:34:50,444 Drove long-haul for forty years. I don't need to concentrate. 721 00:34:50,527 --> 00:34:52,863 - [song stops] - Fine. I need to concentrate. 722 00:34:52,946 --> 00:34:55,115 - What do you need to concentrate about? - [gasps] 723 00:34:55,198 --> 00:34:56,283 [Steve gasps] What? 724 00:34:56,366 --> 00:34:58,493 [Elaine] I thought they were veering over into our lane. 725 00:34:58,577 --> 00:35:01,079 [Steve] Nobody was veering, Elaine. It's okay. 726 00:35:02,039 --> 00:35:03,457 [sighs] 727 00:35:05,042 --> 00:35:07,085 You talk to any of the girls at the clinic? 728 00:35:07,169 --> 00:35:08,795 A few of them have called. 729 00:35:10,881 --> 00:35:12,090 [Elaine sighs] 730 00:35:12,174 --> 00:35:13,508 I miss it. 731 00:35:13,592 --> 00:35:15,344 Boys, never retire. 732 00:35:16,011 --> 00:35:17,679 Keith, never retire. 733 00:35:18,347 --> 00:35:20,349 Kevin, if you ever get a job, never retire. 734 00:35:20,432 --> 00:35:21,433 I have a job! 735 00:35:21,516 --> 00:35:23,727 Yet you still live with Ma and Dad. 736 00:35:23,810 --> 00:35:27,356 Oh, you're some big professional now cuz you're fucking king dork on YouTube? 737 00:35:27,439 --> 00:35:28,690 Just one of many dorks. 738 00:35:28,774 --> 00:35:31,026 [scoffs] This asshole thinks he's Jimmy Buffett now. 739 00:35:31,109 --> 00:35:32,611 - C'mon. - [Keith] Warren Buffett. 740 00:35:32,694 --> 00:35:34,654 - Warren Buffett. - See? 741 00:35:34,738 --> 00:35:37,657 You're not either of the Buffetts, Kitty! 742 00:35:40,911 --> 00:35:42,162 You're Ballz? 743 00:35:45,457 --> 00:35:47,167 - Hey! - [Steve] Ah, good Christ. 744 00:35:47,250 --> 00:35:48,085 - Fellas. - [Kevin] Ma. 745 00:35:48,168 --> 00:35:50,545 - [groans] - Drop! Stop it! 746 00:35:55,008 --> 00:35:56,176 Door Dash is not a job. 747 00:35:57,344 --> 00:35:58,387 MassMutual's a job. 748 00:35:58,470 --> 00:36:00,639 - A job's got business cards. - Door Dash is a job. 749 00:36:00,722 --> 00:36:01,932 Okay, I'm a first responder. 750 00:36:02,015 --> 00:36:04,726 And second of all, Ma, nobody uses business cards anymore. 751 00:36:06,478 --> 00:36:08,397 We're proud of you, honey. 752 00:36:09,439 --> 00:36:10,690 Get a room. 753 00:36:10,774 --> 00:36:13,777 [poignant music playing] 754 00:36:30,585 --> 00:36:33,588 Take your time. I'll be in the car. 755 00:36:45,767 --> 00:36:47,102 Yeah. 756 00:36:55,694 --> 00:36:56,987 Love you. 757 00:36:58,989 --> 00:37:01,992 [dramatic music playing] 758 00:37:21,052 --> 00:37:22,637 [Gabe] It has been dragging on. 759 00:37:22,721 --> 00:37:24,931 Honestly, I don't know when we'll be able to start demo 760 00:37:25,015 --> 00:37:26,766 because local ordinances are a nightmare. 761 00:37:26,850 --> 00:37:30,020 [Ken] My heart bleeds for you. Having to borrow a tennis court. 762 00:37:30,103 --> 00:37:31,813 "Borrower is slave to the lender." 763 00:37:31,897 --> 00:37:32,856 Is that Buffett? 764 00:37:32,939 --> 00:37:36,067 It's the Bible. Uh, Proverbs. My Grandpa Melvin used to say it. 765 00:37:36,151 --> 00:37:37,777 When he was starting his convenience store, 766 00:37:37,861 --> 00:37:39,112 he refused to borrow one dollar. 767 00:37:39,196 --> 00:37:40,155 It was a point of pride. 768 00:37:40,238 --> 00:37:41,948 Ah, yes, your humble beginnings. 769 00:37:42,032 --> 00:37:46,077 "Grandpa Melvin" Capital, now with 16 billion under management. 770 00:37:46,661 --> 00:37:49,331 Better than "Citadel." You sound like you're preparing for war. 771 00:37:49,414 --> 00:37:50,457 I'm a man of the people. 772 00:37:50,540 --> 00:37:51,666 You rented out a resort, 773 00:37:51,750 --> 00:37:55,086 and relocated your entire firm here so you could stay open during lockdown. 774 00:37:55,170 --> 00:37:58,340 Says the man who flew his whole firm down private just for a party. 775 00:37:58,423 --> 00:38:00,258 And anyway, what kind of company shuts down 776 00:38:00,342 --> 00:38:02,135 just because the government tells them to? 777 00:38:02,219 --> 00:38:04,346 All the ones in your short portfolio. 778 00:38:04,429 --> 00:38:06,306 - And yours. - Ah! 779 00:38:06,389 --> 00:38:08,934 {\an8}- All except for one actually. - [Ken] Which one? 780 00:38:09,017 --> 00:38:10,894 - [Gabe] GameStop. - [Ken] How? 781 00:38:10,977 --> 00:38:13,563 [Gabe] They sell computer mouses. Mice? 782 00:38:13,647 --> 00:38:15,732 They claim it makes them an essential business. 783 00:38:15,815 --> 00:38:18,318 [Ken] That is the smartest dumbest thing I've ever heard. 784 00:38:18,401 --> 00:38:21,112 [Gabe] I know, it's actually a fun one. The revenue's in the toilet. 785 00:38:21,196 --> 00:38:23,907 632 million net loss last year. 786 00:38:23,990 --> 00:38:26,952 They'd be better off just burning the whole company down. 787 00:38:27,035 --> 00:38:30,121 The stock though, it has been volatile. It's been up. 788 00:38:30,205 --> 00:38:32,707 - Buybacks? - Retail traders. 789 00:38:32,791 --> 00:38:34,918 - [laughs] - [Marcos] Bro. I don't have it, bro. 790 00:38:35,001 --> 00:38:36,044 - Damn, brother. - Sorry, man. 791 00:38:36,127 --> 00:38:37,504 - Yeah, yeah, yeah. - Have a good one. 792 00:38:37,587 --> 00:38:39,923 - Yo, stay up though! Aight, bro. Aight. - Yeah. 793 00:38:45,595 --> 00:38:47,222 I'm gonna put these back real quick. 794 00:38:47,305 --> 00:38:49,307 [music fades] 795 00:38:54,729 --> 00:38:55,897 Hey, Marcos. 796 00:38:56,856 --> 00:38:58,024 [Marcos] Yes, Bradley? 797 00:38:59,317 --> 00:39:01,861 Uh, I... I love how you engaged with that customer, 798 00:39:01,945 --> 00:39:04,155 but we really wanna close those pre-owned sales. 799 00:39:04,239 --> 00:39:05,532 The margin's more than double. 800 00:39:05,615 --> 00:39:07,033 Oh, shit, double. 801 00:39:07,117 --> 00:39:08,994 Yeah, you didn't do any of the five prongs, dude: 802 00:39:09,077 --> 00:39:12,455 Pre-orders. Reward-card subscriptions. Used sales. New sales. Trade-ins. 803 00:39:12,539 --> 00:39:14,249 Yeah, I mean, when I was a 16-year old gamer, 804 00:39:14,332 --> 00:39:16,251 all I wanted was a reward-card subscription. 805 00:39:16,334 --> 00:39:19,588 Five dollars cash back monthly, 20 points for every dollar spent... 806 00:39:20,171 --> 00:39:21,006 Don't get me started. 807 00:39:21,089 --> 00:39:23,592 {\an8}A lot of really smart people in corporate put this plan together. 808 00:39:23,675 --> 00:39:26,011 {\an8}Yeah, but any of them ever played a video game? 809 00:39:26,094 --> 00:39:28,972 {\an8}Uh, it doesn't matter, Marcos, because they own our asses. 810 00:39:29,055 --> 00:39:32,142 Yo, they don't own my ass, so. 811 00:39:32,684 --> 00:39:33,768 They do, 812 00:39:33,852 --> 00:39:35,228 and they always will. 813 00:39:38,315 --> 00:39:39,357 Mask. 814 00:39:41,276 --> 00:39:42,527 Hey, Bradley. 815 00:39:45,655 --> 00:39:47,741 You ever heard of a short squeeze? 816 00:39:55,498 --> 00:39:57,292 Is that a sexual thing? 817 00:39:59,127 --> 00:40:00,503 No. 818 00:40:01,963 --> 00:40:03,340 Oh, yeah! 819 00:40:03,423 --> 00:40:05,967 {\an8}[Colbert] Here's what's going on. Late last year, 820 00:40:06,051 --> 00:40:10,639 {\an8}hedge funds started shorting stock in the retail store GameStop. 821 00:40:10,722 --> 00:40:14,225 Meaning they had bet against it and needed it to drop in price 822 00:40:14,309 --> 00:40:18,021 for their investments to be successful. Now unfortunately for the hedge funds, 823 00:40:18,104 --> 00:40:23,568 small investors started buying the stock led by something called Wall Street Bets, 824 00:40:23,652 --> 00:40:27,238 {\an8}a popular, juvenile, foul-mouthed Reddit page. 825 00:40:27,322 --> 00:40:29,074 And when Wall Street Bets noticed 826 00:40:29,157 --> 00:40:32,911 that hedge funds had taken a large short position in GameStop stock, 827 00:40:32,994 --> 00:40:35,580 they decided to punish the Wall Street big boys 828 00:40:35,664 --> 00:40:38,416 and launched a coordinated buying spree. 829 00:40:39,042 --> 00:40:42,045 {\an8}The revolutionaries on Reddit are spanking Wall Street's ass. 830 00:40:42,128 --> 00:40:48,134 {\an8}GameStop shares absolutely going nuts. I think it was up over 70% at one point. 831 00:40:48,218 --> 00:40:50,136 - Massive short squeeze... - [Keith] Show me... 832 00:40:50,220 --> 00:40:52,847 - ...closing there, with a gain of 51%... - ...the tendiesss! 833 00:40:52,931 --> 00:40:54,808 ...after traders on message boards... 834 00:40:54,891 --> 00:40:58,228 [yelling] 835 00:40:58,311 --> 00:40:59,646 What? 836 00:40:59,729 --> 00:41:04,651 Happy Wednesday! Happy hump day! Gee... look at this! 837 00:41:04,734 --> 00:41:06,069 Look at this shit! 838 00:41:06,152 --> 00:41:09,280 A 90% increase in one day? In one fucking day! 839 00:41:09,364 --> 00:41:12,659 We're goin' to the mooooon. 840 00:41:12,742 --> 00:41:15,829 Whoa-ho-ho-ho! 841 00:41:15,912 --> 00:41:19,624 If you've been watching this price action, this is what I'm talking about. 842 00:41:19,708 --> 00:41:21,710 You can really feel that panic from Wall Street. 843 00:41:21,793 --> 00:41:23,586 When they starting to feel a little squeeze. 844 00:41:23,670 --> 00:41:25,630 You're starting to really feel a little squeeze. 845 00:41:25,714 --> 00:41:28,425 I need a drink. I need a drink. I know we all drinking tonight. 846 00:41:28,508 --> 00:41:29,968 We fucking did it! 847 00:41:30,051 --> 00:41:32,762 We started from the bottom and now we're here! 848 00:41:32,846 --> 00:41:36,141 - ["I'd Do Anything for love" playing] - Let's raise a glass 849 00:41:36,224 --> 00:41:40,061 to a great company that's undervalued, cheers. 850 00:41:40,645 --> 00:41:44,274 Soon may the tendiemen come... Show me the tendies. Show me the tendies. 851 00:41:44,357 --> 00:41:45,525 I got 'em right here. 852 00:41:45,608 --> 00:41:48,903 Show me the tendies. I just gotta... I just gotta dip. 853 00:41:48,987 --> 00:41:51,614 I just gotta... I just gotta dip. Ah! 854 00:41:53,032 --> 00:41:53,867 Mmm. 855 00:41:53,950 --> 00:41:56,703 ♪ No way And I would do... ♪ 856 00:41:56,786 --> 00:41:59,539 Mmm-mmm-mmm. 857 00:41:59,622 --> 00:42:01,249 Eleven fucking million dollars? 858 00:42:01,332 --> 00:42:02,208 What the fuck! 859 00:42:02,292 --> 00:42:04,961 - Oh, language. The baby's here. - What are you gonna do? 860 00:42:05,044 --> 00:42:07,255 Get a Ferrari? A Lambo? 861 00:42:07,338 --> 00:42:09,007 You're gonna ask for a big diamond, right? 862 00:42:09,090 --> 00:42:10,383 I have a diamond. 863 00:42:10,467 --> 00:42:12,844 Keith, you get a fucking diamond! If I were you, I'd look like 864 00:42:12,927 --> 00:42:15,430 - DJ Khaled right now. - Kev! It's not real. 865 00:42:15,513 --> 00:42:17,056 I mean, it's real, but it's just paper. 866 00:42:17,140 --> 00:42:20,143 Just on paper! You're gonna sell, right? 867 00:42:20,226 --> 00:42:21,436 - No! - Maybe. 868 00:42:21,978 --> 00:42:24,689 I mean, I don't know. Uh... 869 00:42:24,773 --> 00:42:28,193 - We... We haven't talked about it. - What the fuck is wrong with you? 870 00:42:28,276 --> 00:42:31,446 I'm riding Mom's bike every day to Dorchester to drop off cheeseburgers 871 00:42:31,529 --> 00:42:33,031 because you won't let me use your car. 872 00:42:33,114 --> 00:42:35,700 And you're mister, "I won't sell and take millions of dollars." 873 00:42:35,784 --> 00:42:37,410 What you do with your life is your choice. 874 00:42:37,494 --> 00:42:40,330 You think I wanted to get laid off from Dick's during a global pandemic? 875 00:42:40,413 --> 00:42:43,541 I love those sneakers, man. I loved that store. I love Dick's. 876 00:42:43,625 --> 00:42:46,628 - Mom's bike doesn't even have gears. - We don't know if it's reached the top. 877 00:42:46,711 --> 00:42:49,547 The stock jumped like 23% yesterday. 878 00:42:49,631 --> 00:42:51,424 - Double from Friday's close. - But he's right. 879 00:42:51,508 --> 00:42:53,802 I mean, 11 million dollars is a lot of fucking dough. 880 00:42:53,885 --> 00:42:55,053 - Thank you! - [Keith] Okay, yes, 881 00:42:55,136 --> 00:42:58,181 but since Ryan Cohen joined the board, the... 882 00:42:58,264 --> 00:42:59,516 This fucking guy. 883 00:42:59,599 --> 00:43:01,935 ...got a two billion market cap. Could it go pff? Yeah. 884 00:43:02,018 --> 00:43:04,896 But that's not what I'm seeing. That's not what I'm seeing, Kev. 885 00:43:05,980 --> 00:43:07,732 Kev? You there? 886 00:43:10,360 --> 00:43:11,486 Did he hang up? 887 00:43:12,195 --> 00:43:13,530 Yeah. 888 00:43:14,113 --> 00:43:15,031 [groans] 889 00:43:24,040 --> 00:43:25,917 Fuck, I think hold. 890 00:43:26,000 --> 00:43:29,212 [pensive music playing] 891 00:43:29,295 --> 00:43:31,923 - [Chris] Girl, you gotta sell. - [Jenny] I'm not selling. 892 00:43:32,006 --> 00:43:33,132 How much are you up? 893 00:43:33,216 --> 00:43:35,134 [Jenny] 58,000 and some change. 894 00:43:35,218 --> 00:43:37,595 [man speaking indistinctly] 895 00:43:37,679 --> 00:43:40,014 Baby girl, what the fuck? 896 00:43:40,098 --> 00:43:42,141 You need to get out while you can. 897 00:43:42,225 --> 00:43:44,811 - Don't be an idiot. - You remember red headband guy. 898 00:43:44,894 --> 00:43:48,314 He's worth 11 million dollars. And he's not selling. 899 00:43:48,398 --> 00:43:50,358 - No fucking way. - [Jenny] Yes fucking way. 900 00:43:50,441 --> 00:43:52,986 This is what I'm telling you. Diamond hands. 901 00:43:54,153 --> 00:43:57,699 Diamond hands. You hold the line no matter what the market does. 902 00:43:57,782 --> 00:43:59,117 No matter what Wall Street says. 903 00:43:59,200 --> 00:44:01,160 What happens when everyone else sells first, 904 00:44:01,244 --> 00:44:03,955 and before you get out you've lost all your money? 905 00:44:04,038 --> 00:44:05,707 [woman] Are there any volunteers? 906 00:44:05,790 --> 00:44:07,542 - [Jenny] I'm... - [man] Anyone? 907 00:44:07,625 --> 00:44:09,752 - [Jenny] We're gonna hold the line. - [woman] C'mon. 908 00:44:09,836 --> 00:44:11,880 - Someone has to go first. - Okay, yeah. I'll do it. 909 00:44:17,260 --> 00:44:18,803 [man] Here we go everyone. 910 00:44:18,887 --> 00:44:21,806 The first Covid vaccine at Pittsburgh Presbyterian. 911 00:44:21,889 --> 00:44:23,266 [Riri] Ah! 912 00:44:23,349 --> 00:44:24,726 Fuck! Fuck! 913 00:44:24,809 --> 00:44:28,730 Fuck! Guys, we need your help. What should we do? 914 00:44:29,981 --> 00:44:33,818 So, listen, my girl bought in under 20 and now it is over 60. 915 00:44:33,901 --> 00:44:35,737 So, like, should she sell? 916 00:44:35,820 --> 00:44:38,031 On the one hand, she has principles. 917 00:44:39,073 --> 00:44:42,452 On the other, she has 100K in student debt. So... 918 00:44:42,535 --> 00:44:45,204 One way you could think about the comparison between 919 00:44:45,288 --> 00:44:47,832 Marxism and Utilitarian tradition 920 00:44:47,915 --> 00:44:51,544 is that they both have a micro story and a macro story. 921 00:44:51,628 --> 00:44:53,921 When you think of Utilitarian tradition... 922 00:44:54,005 --> 00:44:58,343 The only thing that would convince her to sell is if Roaring Kitty sold. 923 00:44:59,552 --> 00:45:01,971 So... Where my pussy at? 924 00:45:02,055 --> 00:45:05,058 [professor] You have the micro story for the Pareto principle 925 00:45:05,141 --> 00:45:07,810 for how each individual action will go. 926 00:45:08,645 --> 00:45:09,896 But you also have a macro story. 927 00:45:09,979 --> 00:45:12,023 [over speakers] Where my pussy at? Where my pussy at? 928 00:45:12,106 --> 00:45:14,192 - Where my pussy at?! - [Harmony] Sorry. 929 00:45:14,275 --> 00:45:17,445 - Where my pussy aaaaatttt?! - [students laughing] 930 00:45:17,528 --> 00:45:18,988 [Harmony] I'm so sorry. 931 00:45:19,072 --> 00:45:22,367 Hey, hey, where my pussy at? Ha! 932 00:45:22,450 --> 00:45:25,244 - Where is my pussy at? - It's not in here. 933 00:45:31,751 --> 00:45:34,754 [pensive music playing] 934 00:45:46,182 --> 00:45:47,934 [Riri] Whoa, 935 00:45:48,017 --> 00:45:50,520 - wait, listen, hold on. - [chattering indistinctly] 936 00:45:51,854 --> 00:45:55,525 "Future generations will look back and say 'Good men stood here, 937 00:45:55,608 --> 00:45:58,236 good men fought, and died on this ground... 938 00:45:58,319 --> 00:46:02,907 as they point to a TradingView daily chart of GME zoomed in on January.' 939 00:46:03,574 --> 00:46:05,243 Since the spawn of the stonkmarket, 940 00:46:05,326 --> 00:46:07,870 two classes of people have been pitted against each other..." 941 00:46:07,954 --> 00:46:12,500 "Eternal enemies, forever forced and fated to combat: lions and hyenas." 942 00:46:12,583 --> 00:46:16,254 [Marcos] "These lions... these Wall Street hedge funds have it all. 943 00:46:16,337 --> 00:46:17,422 Billions of dollars, 944 00:46:17,505 --> 00:46:22,385 bail outs for reckless trades, these dirty fucking criminal bastards." 945 00:46:22,468 --> 00:46:27,140 Yup, these fucking motherfuckers. 946 00:46:27,223 --> 00:46:28,725 "And then there's us. 947 00:46:28,808 --> 00:46:33,396 The working man, the average Joe. What do we have? 948 00:46:33,980 --> 00:46:36,774 What the fuck do we have? 949 00:46:36,858 --> 00:46:38,860 They literally call us 'dumb money.'" 950 00:46:38,943 --> 00:46:40,695 [Kevin] "These lions, these hedge fund guys, 951 00:46:40,778 --> 00:46:42,697 were born with silver spoons in their mouths. 952 00:46:42,780 --> 00:46:44,323 The top 1% of the 1%. 953 00:46:44,407 --> 00:46:47,994 They have massive bank accounts, eat medium rare Grade A Wagyu steak." 954 00:46:48,077 --> 00:46:50,371 What the fuck is that? That sounds delicious. 955 00:46:50,455 --> 00:46:52,790 "With truffle shavings for lunch." That's fuck! 956 00:46:52,874 --> 00:46:54,625 "They frequent the finest strip clubs. 957 00:46:54,709 --> 00:46:56,794 They have blow and escorts on their yacht parties." 958 00:46:56,878 --> 00:46:58,713 Why do we hate these guys? 959 00:46:58,796 --> 00:47:00,757 "Then you know what they will tell these escorts?" 960 00:47:00,840 --> 00:47:02,925 - What's an escort? - Stop listening! 961 00:47:03,009 --> 00:47:07,221 "When the smoking hot blonde asks them, 'Like, how do you have so much money?'" 962 00:47:08,139 --> 00:47:12,977 "You know what they say? They say 'Ha, dumb money, babe. Dumb money.'" 963 00:47:15,188 --> 00:47:17,940 - [boy] Something's burning. - [smoke alarm beeping] 964 00:47:18,024 --> 00:47:20,485 Oh... damn it. 965 00:47:20,568 --> 00:47:22,320 - Shit! - You said "shit." 966 00:47:27,033 --> 00:47:28,201 [clicks] 967 00:47:31,162 --> 00:47:35,249 [Marcos] "Last, the GME trade is about class warfare. Plain and simple. 968 00:47:35,958 --> 00:47:39,212 We may be hyenas, yes. But guess what? 969 00:47:39,295 --> 00:47:42,548 You put enough of us together, and we can destroy a lion." 970 00:47:43,716 --> 00:47:46,552 It's on, motherfuckers! [howls] 971 00:47:46,636 --> 00:47:48,721 [music turns dramatic] 972 00:47:48,805 --> 00:47:51,057 Aw, we coming for y'all. 973 00:47:51,140 --> 00:47:52,975 Y'all better get ready. 974 00:47:53,059 --> 00:47:54,227 We fucking coming for you. 975 00:47:54,310 --> 00:47:56,938 That is some nerdy shit, man. 976 00:47:57,605 --> 00:48:00,274 My brother is a fucking nerd. 977 00:48:02,902 --> 00:48:04,987 [panting] 978 00:48:06,614 --> 00:48:08,658 Fuck! 979 00:48:11,577 --> 00:48:13,162 [footsteps thumping] 980 00:48:13,246 --> 00:48:14,247 [girl screams] 981 00:48:14,330 --> 00:48:17,041 Counting down from five and then I'm coming back in there. 982 00:48:17,124 --> 00:48:19,085 I don't think you want that. 983 00:48:19,168 --> 00:48:20,628 [girl screams] 984 00:48:20,711 --> 00:48:21,587 Five. 985 00:48:22,213 --> 00:48:23,965 - Four. - Three. 986 00:48:24,048 --> 00:48:25,216 Two. 987 00:48:25,299 --> 00:48:26,425 [screaming stops] 988 00:48:26,509 --> 00:48:27,802 Thank you. 989 00:48:27,885 --> 00:48:29,637 - How was your day? - Long. 990 00:48:29,720 --> 00:48:34,225 It's so hard to keep them focused on Zoom school. They're just not into it. 991 00:48:35,101 --> 00:48:36,727 How was your day? 992 00:48:36,811 --> 00:48:37,895 [Gabe] Good. 993 00:48:40,189 --> 00:48:42,650 You're not worried about the short squeeze thing? 994 00:48:42,733 --> 00:48:44,735 The dam'll break next week. 995 00:48:44,819 --> 00:48:47,321 A few of them will decide it's gone high enough, they'll cash out, 996 00:48:47,405 --> 00:48:50,408 the rest will follow, whole thing will come crashing down. 997 00:48:50,491 --> 00:48:53,578 I can't think of the last short squeeze that actually worked. 998 00:48:54,537 --> 00:48:55,872 Ackman and Herbalife. 999 00:48:56,455 --> 00:48:58,457 Before that... Piggly Wiggly? [laughs] 1000 00:48:58,541 --> 00:48:59,792 Piggly Wiggly. 1001 00:48:59,876 --> 00:49:04,463 Yeah. 1923, a bear cartel was shorting the Piggly Wiggly grocery store. 1002 00:49:04,547 --> 00:49:09,510 The founder, he takes out a loan for what would be $150 million today. 1003 00:49:09,594 --> 00:49:11,971 He buys back almost all the stock, like 99% of the stock. 1004 00:49:12,054 --> 00:49:14,307 The price of the stock goes up 50%. 1005 00:49:14,390 --> 00:49:16,559 - How much is GameStop up? - Then, the exchange, 1006 00:49:16,642 --> 00:49:18,436 they halt trading on the stock 1007 00:49:18,519 --> 00:49:21,272 so the short sellers can cover their positions. 1008 00:49:21,355 --> 00:49:22,940 Is that legal? 1009 00:49:23,024 --> 00:49:25,693 The founder had to declare bankruptcy. So... 1010 00:49:26,569 --> 00:49:28,070 it was all fine in the end. 1011 00:49:28,154 --> 00:49:30,615 And you knew all that or you looked it up? 1012 00:49:31,908 --> 00:49:33,868 Every fund manager knows that story. 1013 00:49:37,955 --> 00:49:39,332 You looked it up. 1014 00:49:41,167 --> 00:49:43,044 Double checked some numbers maybe. 1015 00:49:52,428 --> 00:49:55,348 [Steve Cohen] Oh, do you see what's going on at GME? 1016 00:49:55,431 --> 00:49:57,642 - [Gabe] There's more of these idiots. - [Steve] A lot more. 1017 00:49:57,725 --> 00:50:01,562 - [Gabe] They won't hold much longer. - [Steve] Oh, Gabe, honey, they're holding. 1018 00:50:01,646 --> 00:50:03,648 It just crossed a hundred. 1019 00:50:03,731 --> 00:50:05,942 [tense, pensive music playing] 1020 00:50:06,025 --> 00:50:07,526 Gabe? 1021 00:50:07,610 --> 00:50:09,028 Where are you? 1022 00:50:13,449 --> 00:50:15,451 You should probably dial in. 1023 00:50:15,534 --> 00:50:17,078 Yeah, be on in one sec. 1024 00:50:17,161 --> 00:50:19,789 [man on TV] GameStop, extraordinary volatility today. 1025 00:50:19,872 --> 00:50:22,041 We might want to make this the stock of the day. 1026 00:50:22,124 --> 00:50:25,378 Now that it's gaining 103%. That is volatility. 1027 00:50:25,461 --> 00:50:27,380 {\an8}I will tell you, I've never seen anything like it. 1028 00:50:27,463 --> 00:50:29,966 Um, I'm concerned about it deeply. 1029 00:50:30,049 --> 00:50:32,259 I'm calling it the ultimate short squeeze. 1030 00:50:32,343 --> 00:50:34,929 - How much money is being made... - Holy fucking shit. 1031 00:50:35,012 --> 00:50:37,264 ...now we're gonna talk about GameStop. Those shares... 1032 00:50:37,348 --> 00:50:40,393 - nonstop earning about of 130% today. - Holy fucking shit! 1033 00:50:40,476 --> 00:50:42,478 As bullish retail traders frenetically buy shares. 1034 00:50:42,561 --> 00:50:43,396 Holy fucking shit! 1035 00:50:43,479 --> 00:50:44,772 Yo, holy shit! 1036 00:50:45,356 --> 00:50:47,149 - Shit balls. - Holy shit! 1037 00:50:47,233 --> 00:50:48,859 Look at the chart for the month. 1038 00:50:48,943 --> 00:50:51,487 - It's up 220%. - [Riri] Oh, fuck! 1039 00:50:52,071 --> 00:50:53,781 - Look there... It's crazy. - Everything okay? 1040 00:50:53,864 --> 00:50:55,533 [Keith] Holy fucking shit! 1041 00:50:55,616 --> 00:50:56,742 Holy fucking shit! 1042 00:50:56,826 --> 00:51:00,413 {\an8}...if you go short in some of these elaborate options trades, 1043 00:51:00,496 --> 00:51:02,623 {\an8}you can lose money to infinity. 1044 00:51:02,707 --> 00:51:06,293 [man on TV] GameStop now at 123 and change, another record high. 1045 00:51:06,377 --> 00:51:07,294 Holy fucking shit! 1046 00:51:07,378 --> 00:51:09,588 [man on TV] Completely disconnected from the fundamentals. 1047 00:51:09,672 --> 00:51:12,675 And this is very much being driven by retail investors. 1048 00:51:12,758 --> 00:51:14,468 Many of them trading on Robinhood. 1049 00:51:14,552 --> 00:51:17,346 {\an8}When the music stops, somebody is gonna be left without a seat. 1050 00:51:17,430 --> 00:51:19,056 {\an8}This for casino money only. 1051 00:51:19,140 --> 00:51:21,100 {\an8}They're literally putting the game in GameStop. 1052 00:51:21,183 --> 00:51:23,144 {\an8}...is the craziest I think I've ever seen. 1053 00:51:23,227 --> 00:51:26,981 True investors never heard of Reddit a few years ago. 1054 00:51:27,064 --> 00:51:28,858 But for that to drive a short squeeze... 1055 00:51:28,941 --> 00:51:30,317 [man on TV] It is Wall Street Bets. 1056 00:51:30,401 --> 00:51:33,070 It's worth going to the site because it is incredibly compelling. 1057 00:51:33,154 --> 00:51:35,906 You may think it's froth, but they are using arguments 1058 00:51:35,990 --> 00:51:37,950 that they think hold up under scrutiny. 1059 00:51:38,034 --> 00:51:40,453 - I just like the stock! - [Harmony] I can't look. 1060 00:51:40,536 --> 00:51:42,663 - I can't look. I can't look. - It's up another 4%. 1061 00:51:42,747 --> 00:51:45,041 I'm gonna have a fucking heart attack. Should we sell? 1062 00:51:45,124 --> 00:51:46,917 And betray your boyfriend? Absolutely not. No. 1063 00:51:47,001 --> 00:51:48,919 - [man 1 on TV] The stock is up 581%. - Maybe. 1064 00:51:49,003 --> 00:51:51,088 ...they are being very specific: 1065 00:51:51,172 --> 00:51:52,381 - To break the shorts. - Yes. 1066 00:51:52,465 --> 00:51:54,508 [man 2] I mean, what's going on in GameStop right now 1067 00:51:54,592 --> 00:51:56,343 conceivably could take a couple of firms out. 1068 00:51:56,427 --> 00:51:59,180 Hedge funds if they were stupid enough to be short. 1069 00:51:59,263 --> 00:52:01,223 Babe, how much did we make today? 1070 00:52:02,683 --> 00:52:03,559 Five million. 1071 00:52:04,143 --> 00:52:05,644 [Caroline] And yesterday? 1072 00:52:05,728 --> 00:52:06,812 Four million. 1073 00:52:09,356 --> 00:52:10,191 Babe... 1074 00:52:10,900 --> 00:52:11,942 Yeah? 1075 00:52:12,902 --> 00:52:15,613 We're, like, really fucking rich. 1076 00:52:15,696 --> 00:52:18,908 [pensive music playing] 1077 00:52:22,286 --> 00:52:24,038 How much did we lose today? 1078 00:52:26,582 --> 00:52:27,458 A billion. 1079 00:52:30,086 --> 00:52:31,003 And yesterday? 1080 00:52:32,630 --> 00:52:33,631 A billion. 1081 00:52:37,676 --> 00:52:38,511 [groans] 1082 00:52:38,594 --> 00:52:41,305 {\an8}Some news to bring you right now is that Melvin Capital Management, 1083 00:52:41,388 --> 00:52:45,434 {\an8}this is the hedge fund that had shorted this company, 1084 00:52:45,518 --> 00:52:51,107 {\an8}that had effectively been attacked by an army of investors trying to push up 1085 00:52:51,190 --> 00:52:53,943 {\an8}and press up the stock of GameStop. 1086 00:52:54,026 --> 00:52:56,529 They've taken a rather huge loss... 1087 00:52:56,612 --> 00:52:59,448 Sorry, if you could just put your head up for a sec? 1088 00:53:00,116 --> 00:53:01,033 Thanks. 1089 00:53:01,534 --> 00:53:02,952 How long've you been down here? 1090 00:53:03,452 --> 00:53:04,286 A few months. 1091 00:53:05,746 --> 00:53:07,081 You like the weather? 1092 00:53:09,250 --> 00:53:12,711 Heat is nice. The humidity not as much. 1093 00:53:12,795 --> 00:53:14,547 I can see that. [laughs] 1094 00:53:14,630 --> 00:53:18,134 - Hm. - All right, I think you're good to go. 1095 00:53:20,219 --> 00:53:23,222 [tense music playing] 1096 00:53:43,826 --> 00:53:45,744 - Hey! - Hey, man. 1097 00:53:45,828 --> 00:53:47,580 - Hi. - It's good to connect. 1098 00:53:47,663 --> 00:53:48,789 You too. Great to be here. 1099 00:53:48,873 --> 00:53:49,957 - Excited. - I'm glad you are. 1100 00:53:50,040 --> 00:53:51,750 Listen, I want to get right to it. 1101 00:53:51,834 --> 00:53:54,628 From what I'm hearing, you guys are bankrupt. 1102 00:53:56,380 --> 00:53:57,882 No! What? No. 1103 00:53:57,965 --> 00:54:00,968 'Cause the word on the street is that you're drowning. 1104 00:54:01,051 --> 00:54:03,220 No, that's... That's crazy. 1105 00:54:03,304 --> 00:54:05,723 - We're doing great. - You're on the record with that? 1106 00:54:06,307 --> 00:54:07,183 Obviously. 1107 00:54:07,266 --> 00:54:10,436 All right, man. Well, then, we're gonna get the live feed up right now, 1108 00:54:10,519 --> 00:54:13,105 and then we're gonna get to you after this next advertising break. 1109 00:54:13,189 --> 00:54:14,940 Perfect, great. Yes, can't wait. 1110 00:54:19,278 --> 00:54:21,280 All right, one more spot and then you're gonna be up. 1111 00:54:21,363 --> 00:54:24,366 I really do think this is the right time for you to communicate. 1112 00:54:24,450 --> 00:54:26,452 - Great, yes. Agreed. - Great. We're gonna do it. 1113 00:54:26,535 --> 00:54:28,954 Address it all head on. It's gonna be good. 1114 00:54:31,040 --> 00:54:33,209 - No. - What? Gabe, we're on in 10 seconds. 1115 00:54:33,292 --> 00:54:34,501 I can't do this. I'm sorry. 1116 00:54:34,585 --> 00:54:35,419 Gabe, seriously. 1117 00:54:35,502 --> 00:54:37,171 - Bye, I'm terribly sorry. - Seriously, c'mon. 1118 00:54:37,254 --> 00:54:39,256 - Good to see you. - We're going on right now. 1119 00:54:45,763 --> 00:54:46,597 [Yaara] Babe, 1120 00:54:47,765 --> 00:54:48,933 what's the damage? 1121 00:55:08,869 --> 00:55:09,870 [exhales] 1122 00:55:09,954 --> 00:55:12,414 [tense music continues] 1123 00:55:15,334 --> 00:55:18,337 - [seagulls cawing] - [cell phone ringing] 1124 00:55:21,257 --> 00:55:22,549 Let me guess, you need cash. 1125 00:55:22,633 --> 00:55:24,593 Didn't call Ken first, did you? 1126 00:55:24,677 --> 00:55:26,262 He had Phillips reach out. 1127 00:55:26,762 --> 00:55:28,138 How much did he offer? 1128 00:55:29,640 --> 00:55:31,100 I haven't called him back yet. 1129 00:55:31,183 --> 00:55:32,559 Well, how much do you need? 1130 00:55:32,643 --> 00:55:34,979 You know what? Don't answer that. The number doesn't matter. 1131 00:55:35,062 --> 00:55:36,563 Whatever it is, I'd love to buy in. 1132 00:55:36,647 --> 00:55:38,649 Tell Ken to fill in the rest. 1133 00:55:38,732 --> 00:55:39,858 Prick. 1134 00:55:41,026 --> 00:55:42,528 [cell phone ringing] 1135 00:55:45,906 --> 00:55:46,949 - [Gabe] Hey, Ken. - Hey. 1136 00:55:47,032 --> 00:55:50,077 Hi, um... So, I might need... 1137 00:55:50,995 --> 00:55:51,912 Uh... 1138 00:55:52,830 --> 00:55:53,831 A new investor. 1139 00:55:53,914 --> 00:55:55,124 Consider it done. 1140 00:55:55,207 --> 00:55:57,126 Just keep moving forward. 1141 00:55:57,209 --> 00:55:59,753 Don't think about what Grandpa Melvin used to say. 1142 00:55:59,837 --> 00:56:01,088 Prick. 1143 00:56:02,965 --> 00:56:04,925 - Thank you. - [man on TV] Both Citadel 1144 00:56:05,009 --> 00:56:08,637 - and Point72 have infused... - Poor guy. 1145 00:56:08,721 --> 00:56:12,141 ...three billion dollars into Melvin Capital 1146 00:56:12,224 --> 00:56:15,019 - to try to shore up... - Another goddamn bailout. 1147 00:56:15,102 --> 00:56:16,729 Can you believe this crap? 1148 00:56:16,812 --> 00:56:17,938 Nobody bailed me out 1149 00:56:18,022 --> 00:56:20,941 when Richard left me alone with two toddlers, a mortgage, 1150 00:56:21,025 --> 00:56:22,234 a shit car that never works. 1151 00:56:22,318 --> 00:56:23,986 You can say "shit" but we can't? 1152 00:56:24,069 --> 00:56:26,030 [Jenny] It's just so damn unfair and you know it. 1153 00:56:26,113 --> 00:56:30,034 All we've done for the last year is work our asses off helping people, 1154 00:56:30,117 --> 00:56:32,745 and all we've gotten is one $600 check. 1155 00:56:32,828 --> 00:56:35,789 This idiot effs up just about as bad as anyone could eff, 1156 00:56:35,873 --> 00:56:38,834 and his friends come running in with three billion dollars. 1157 00:56:38,917 --> 00:56:41,086 That's why I keep telling you: you're never gonna win. 1158 00:56:41,170 --> 00:56:43,672 Just take the money and do something nice. Pay off your mortgage. 1159 00:56:43,756 --> 00:56:45,215 Get that one braces. 1160 00:56:45,799 --> 00:56:47,301 Look who's still holding. 1161 00:56:48,761 --> 00:56:50,763 If he's in, I'm in. 1162 00:56:50,846 --> 00:56:52,723 Yeah, he's still gonna need braces. 1163 00:56:52,806 --> 00:56:53,807 Your teeth are perfect. 1164 00:56:53,891 --> 00:56:57,061 So what? The stock's up $150. How much higher is it gonna go? 1165 00:56:57,144 --> 00:56:59,355 We control the price now. Not Wall Street. 1166 00:56:59,438 --> 00:57:00,856 And no one on there is selling. 1167 00:57:00,939 --> 00:57:01,899 Shoes. 1168 00:57:01,982 --> 00:57:04,109 - Ugh. You're all so delusional. - [Jenny] Maybe. 1169 00:57:04,193 --> 00:57:06,528 But look at what we managed to do with these hedge funds. 1170 00:57:06,612 --> 00:57:08,155 If we keep driving up the price, 1171 00:57:08,238 --> 00:57:11,325 maybe we'll scare more of these guys into closing out their shorts, 1172 00:57:11,408 --> 00:57:13,410 and then all of that bailout money... 1173 00:57:13,494 --> 00:57:14,828 - [Chris] Wait. - ...becomes ours. 1174 00:57:14,912 --> 00:57:15,746 Your screen name... 1175 00:57:16,538 --> 00:57:18,082 is Stonkmom? 1176 00:57:22,503 --> 00:57:23,504 - Hey! - Help your mother. 1177 00:57:23,587 --> 00:57:26,006 - Why me and not Keith? - Just shut up and do it, okay? 1178 00:57:26,090 --> 00:57:28,217 - Kev, take the potatoes. - 'Cause you're rich now? 1179 00:57:28,300 --> 00:57:30,302 Mr. 23 million on paper, but I won't sell. 1180 00:57:30,386 --> 00:57:32,554 - Kevin. - Loser says what? 1181 00:57:33,555 --> 00:57:36,016 - What? - Kevin, let Keith tell them. 1182 00:57:39,228 --> 00:57:40,104 Tell us what? 1183 00:57:41,730 --> 00:57:44,441 Oh, uh... I was waiting to tell you in person. 1184 00:57:44,525 --> 00:57:47,569 But the, uh, stock we bet on, GameStop, is up. 1185 00:57:47,653 --> 00:57:48,737 Ah, good. 1186 00:57:49,863 --> 00:57:52,324 - How much up? - He's up 23 million, Pop. 1187 00:57:52,908 --> 00:57:53,909 [Steve] You're an asshole. 1188 00:57:53,992 --> 00:57:56,453 - Don't kid us. - Uh, it's real. 1189 00:57:56,537 --> 00:57:59,123 Yeah, it's real. And he's refusing to sell. 1190 00:58:00,999 --> 00:58:02,042 What is going on? 1191 00:58:03,085 --> 00:58:04,420 - You're pulling our leg. - No. 1192 00:58:04,503 --> 00:58:06,338 Your son's a huge Internet celebrity now. 1193 00:58:06,422 --> 00:58:09,174 Millions of people including "Stonkmom" thinks he's some, like, 1194 00:58:09,258 --> 00:58:11,343 - I don't know, investment genius. - No, he is a genius. 1195 00:58:11,427 --> 00:58:12,553 No, he's not. 1196 00:58:12,636 --> 00:58:14,304 You're up 23 million? 1197 00:58:15,305 --> 00:58:16,724 And you're not selling. 1198 00:58:18,350 --> 00:58:19,685 Jesus, Mary and Joseph. 1199 00:58:19,768 --> 00:58:21,186 What the fuck is wrong with you? 1200 00:58:21,270 --> 00:58:23,522 Do you even know how much $23 million is? 1201 00:58:23,605 --> 00:58:24,773 And you're gonna let it ride? 1202 00:58:24,857 --> 00:58:26,859 - What's the matter with you? - I know what I'm doing. 1203 00:58:26,942 --> 00:58:29,945 Why aren't you selling? Wait! Is this illegal? Are you in trouble? 1204 00:58:30,028 --> 00:58:32,072 No. No, he's not in trouble. It's totally legal. 1205 00:58:32,156 --> 00:58:33,991 He's posting his balance sheet on the Internet. 1206 00:58:34,074 --> 00:58:35,159 [Keith] Hedge fund managers, 1207 00:58:35,242 --> 00:58:37,619 they go on CNBC all the time to pump up the stock. 1208 00:58:37,703 --> 00:58:40,080 All I do is post my balance sheet on Wall Street Bets 1209 00:58:40,164 --> 00:58:43,333 - after market close. - You post your balance sheet? 1210 00:58:43,417 --> 00:58:44,501 Yeah, the same idiot 1211 00:58:44,585 --> 00:58:47,296 who left a fresh pair of Nikes out on the bleachers for anyone to take. 1212 00:58:47,379 --> 00:58:49,673 - So, you admit they were stolen! - I admit you're a moron. 1213 00:58:49,798 --> 00:58:50,632 At least I won. 1214 00:58:50,716 --> 00:58:52,885 What's the point if you let some dipshit steal the prize? 1215 00:58:52,968 --> 00:58:55,929 - You would've broke a four with Zooms. - A four minute mile isn't everything. 1216 00:58:56,013 --> 00:58:57,806 Maybe we should get in touch with Briggsy. 1217 00:58:57,890 --> 00:58:59,808 - You know, he works in finance. - Yes. 1218 00:58:59,892 --> 00:59:02,019 You think Briggsy knows more about this than Keith does? 1219 00:59:02,102 --> 00:59:04,062 Can you talk about why you're putting your stocks 1220 00:59:04,146 --> 00:59:06,315 - in the Wall Street Journal? - Wall Street Bets. 1221 00:59:06,398 --> 00:59:09,151 - What if someone kidnaps the baby? - No one's gonna kidnap the baby. 1222 00:59:09,234 --> 00:59:11,028 - Nobody wants that baby. - [Steve] I'm saying, 1223 00:59:11,111 --> 00:59:12,362 if we're gonna talk to somebody, 1224 00:59:12,446 --> 00:59:14,615 - you need to talk to Briggsy. - [Elaine] Yes. 1225 00:59:14,698 --> 00:59:15,616 Enough! 1226 00:59:16,700 --> 00:59:18,285 You guys, Keith has literally 1227 00:59:18,368 --> 00:59:20,579 poured his heart and his soul into this for the past year. 1228 00:59:20,662 --> 00:59:21,955 He knows what he's doing. 1229 00:59:27,711 --> 00:59:30,214 I know it's been a tough time, Elaine. 1230 00:59:38,138 --> 00:59:39,223 You should still sell. 1231 00:59:41,642 --> 00:59:42,810 Think you should sell. 1232 00:59:44,937 --> 00:59:46,647 [professor speaking indistinctly] 1233 00:59:46,730 --> 00:59:48,941 And just fuck the principle of the whole thing? 1234 00:59:49,024 --> 00:59:50,901 I don't like it any more than you do. 1235 00:59:50,984 --> 00:59:52,945 [tense, pensive music playing] 1236 01:00:06,250 --> 01:00:07,709 You don't think that he's selling? 1237 01:00:07,793 --> 01:00:08,627 [Harmony] No! 1238 01:00:09,127 --> 01:00:09,962 Ladies. 1239 01:00:11,505 --> 01:00:12,339 Masks. 1240 01:00:15,884 --> 01:00:19,263 Kids are with their father for a few days. So, I'm going to Florida. 1241 01:00:19,346 --> 01:00:22,015 You finally fucking sold. Hallefuckin-lujah. 1242 01:00:22,099 --> 01:00:24,142 No, I'm putting it on my Visa. 1243 01:00:24,226 --> 01:00:25,227 You shitting me? 1244 01:00:25,310 --> 01:00:27,396 You're worth hundreds of thousands of dollars in stock, 1245 01:00:27,479 --> 01:00:29,022 and you're amassing credit card debt. 1246 01:00:29,106 --> 01:00:31,024 You really are out of your mind. 1247 01:00:31,108 --> 01:00:35,028 No, babe, I'm all in. Diamond hand. 1248 01:00:35,112 --> 01:00:37,114 Did you know that Gabe Plotkin gave an interview? 1249 01:00:37,197 --> 01:00:39,658 He's been getting death threats, anti-Semitic messages 1250 01:00:39,741 --> 01:00:41,994 - from these WSB guys. - It was ten comments. 1251 01:00:42,077 --> 01:00:44,913 There's always bad apples. And the moderators deleted it right away. 1252 01:00:44,997 --> 01:00:46,999 [Chris] You're just gonna ride this thing till zero? 1253 01:00:47,082 --> 01:00:49,209 No. I'm buying call options. 1254 01:00:49,293 --> 01:00:52,754 - That could go to 600 by tomorrow. - Your kid is never getting braces. 1255 01:01:00,762 --> 01:01:03,307 [Marcos] There's 8 million people in there and they're all holding. 1256 01:01:03,390 --> 01:01:04,433 It's only going to go up. 1257 01:01:04,516 --> 01:01:05,976 [in Spanish] It's a joke, Marcos. 1258 01:01:06,059 --> 01:01:08,020 But you're treating it like it's real life. 1259 01:01:08,896 --> 01:01:09,730 Pops. 1260 01:01:11,940 --> 01:01:12,774 Look. 1261 01:01:13,817 --> 01:01:16,236 - This is real. Hold it. Look. - [in English] Hey. 1262 01:01:16,320 --> 01:01:17,195 Aw, man. 1263 01:01:18,864 --> 01:01:20,574 Eight million people is real. 1264 01:01:20,657 --> 01:01:22,242 [in Spanish] H-O-D-L. 1265 01:01:22,951 --> 01:01:26,413 Eight million don't even know how to spell "hold." 1266 01:01:26,496 --> 01:01:27,331 It's a joke. 1267 01:01:27,414 --> 01:01:30,083 - [woman speaks in Spanish] A corny joke. - [in English] It's not funny. 1268 01:01:33,879 --> 01:01:34,713 Mom, 1269 01:01:36,048 --> 01:01:37,090 look. 1270 01:01:37,174 --> 01:01:39,718 I got $175,000 in stock right now. 1271 01:01:39,801 --> 01:01:40,886 [in Spanish] What? 1272 01:01:40,969 --> 01:01:41,845 Like serious money, 1273 01:01:41,929 --> 01:01:44,932 like I could get you a house and get you up out of here, kind of money. 1274 01:01:45,015 --> 01:01:46,099 Baby. 1275 01:01:46,183 --> 01:01:48,518 Where did you get the money to buy this? 1276 01:01:48,602 --> 01:01:49,603 [father] Uh-huh. 1277 01:01:49,686 --> 01:01:52,481 I bought call options, for cheap. 1278 01:01:52,564 --> 01:01:55,567 - And they hit. - [in English] So, now you're gonna sell? 1279 01:01:55,651 --> 01:01:56,985 Nah. No, I buy more. 1280 01:01:57,819 --> 01:01:59,655 [in Spanish] At this price!? 1281 01:01:59,738 --> 01:02:01,698 When they hit, I'm gonna buy you a mansion. 1282 01:02:01,782 --> 01:02:02,783 It's gonna be crazy. 1283 01:02:02,866 --> 01:02:05,577 My son, I don't need a mansion. 1284 01:02:07,496 --> 01:02:08,872 Papi. 1285 01:02:09,247 --> 01:02:10,415 Be careful. 1286 01:02:10,916 --> 01:02:13,293 Don't get addicted to this, my son. 1287 01:02:13,377 --> 01:02:15,003 This can be like a drug. 1288 01:02:21,051 --> 01:02:25,806 {\an8}Some breaking news right now on what has turned into the soap opera 1289 01:02:25,889 --> 01:02:30,143 {\an8}and, uh, saga of the markets right now. And that is the story of GameStop. 1290 01:02:30,227 --> 01:02:32,938 A month ago today, it was trading at about 20 bucks per share. 1291 01:02:33,021 --> 01:02:35,107 Two days ago, it was under $80. 1292 01:02:35,190 --> 01:02:38,527 Today, nearly $350 a share. 1293 01:02:38,610 --> 01:02:42,572 {\an8}The GameStop stock frenzy even now has the attention of the White House. 1294 01:02:42,656 --> 01:02:44,992 {\an8}...our economic team including Secretary Yellen and others 1295 01:02:45,075 --> 01:02:46,660 {\an8}are monitoring the situation. 1296 01:02:46,743 --> 01:02:49,079 {\an8}You're witnessing the French Revolution of finance. 1297 01:02:49,162 --> 01:02:50,497 {\an8}There is a rebellion aspect to it. 1298 01:02:50,580 --> 01:02:52,582 {\an8}There is an anti-establishment aspect to it. 1299 01:02:52,666 --> 01:02:54,793 {\an8}I don't know if Wall Street's ever seen it like this. 1300 01:02:54,876 --> 01:02:56,378 {\an8}- No. It's generational. - We never have. 1301 01:02:56,461 --> 01:02:58,088 {\an8}It's like generational injustices. 1302 01:02:58,171 --> 01:03:01,550 {\an8}[man] This is like little poor guys vs. rich guys. 1303 01:03:01,633 --> 01:03:04,428 - And poor guys are winning right now. - ["Seven Nation Army" playing] 1304 01:03:04,511 --> 01:03:06,888 {\an8}[woman] If you're new here and you're trying to make a profit, 1305 01:03:06,972 --> 01:03:08,849 {\an8}- fuck off! - Stop what you're doing, and listen. 1306 01:03:08,932 --> 01:03:11,226 I own GameStop on Robinhood and I am not selling. 1307 01:03:11,309 --> 01:03:14,938 Hold. All you need to do is hold. Keep fucking holding. 1308 01:03:15,022 --> 01:03:18,650 Soon the Tendieman comes to send our rocket to the sun. 1309 01:03:18,734 --> 01:03:21,903 See this right here is the human being who's largely responsible 1310 01:03:21,987 --> 01:03:23,780 for all this GameStop stuff. 1311 01:03:23,864 --> 01:03:30,162 Just a pure specimen. A God-like undefeatable creature. 1312 01:03:30,245 --> 01:03:33,790 This is what excellence looks like. 1313 01:03:33,874 --> 01:03:34,916 I just like the stock. 1314 01:03:35,000 --> 01:03:38,545 Yesterday he posted this, that he's in profit, wait for it... 1315 01:03:39,546 --> 01:03:42,090 Forty-seven million. 1316 01:03:43,425 --> 01:03:45,802 - [man 1] What the fuck is happening? - [tense music playing] 1317 01:03:45,886 --> 01:03:49,347 - [man 2] What the fuck? - [students clamoring] 1318 01:03:49,431 --> 01:03:50,891 Hey, did you try a different browser? 1319 01:03:50,974 --> 01:03:53,185 - I plugged the browser. - [James] Shit, we're fucked. 1320 01:03:54,352 --> 01:03:55,520 Bro, what the fuck? 1321 01:03:55,604 --> 01:03:57,647 - What the fuck, dude? - I told you this shit is rigged. 1322 01:03:59,066 --> 01:04:00,192 What the fuck is going on? 1323 01:04:02,736 --> 01:04:03,945 I can't get it to load. 1324 01:04:06,615 --> 01:04:07,616 [cell phone chimes] 1325 01:04:10,410 --> 01:04:11,328 Fuck! 1326 01:04:15,624 --> 01:04:16,458 What? 1327 01:04:19,628 --> 01:04:21,421 {\an8}They shut down Wall Street Bets. 1328 01:04:21,922 --> 01:04:24,925 {\an8}- What? - "Hateful and discriminatory content." 1329 01:04:25,008 --> 01:04:26,635 That stuff has always been on there. 1330 01:04:32,140 --> 01:04:33,475 That's weird. 1331 01:04:33,558 --> 01:04:34,476 No? 1332 01:04:35,519 --> 01:04:38,855 I mean, it's like they're trying to stop people from talking to each other. 1333 01:04:38,939 --> 01:04:40,148 [buzzing] 1334 01:04:46,196 --> 01:04:47,364 Babe, are you gonna get that? 1335 01:04:47,447 --> 01:04:48,281 Yes. 1336 01:04:48,365 --> 01:04:49,199 Oh. 1337 01:04:51,326 --> 01:04:52,160 Hello? 1338 01:04:53,829 --> 01:04:56,790 Ah, yes, I am... 1339 01:04:57,290 --> 01:05:00,544 I am the Roaring Kitty and Deep F-ing Value. 1340 01:05:02,337 --> 01:05:05,757 Ah, no, but nobody ever asked me. 1341 01:05:07,843 --> 01:05:09,177 Oh, okay. 1342 01:05:09,261 --> 01:05:11,972 Sir, I just want to say how grateful I am for this job 1343 01:05:12,055 --> 01:05:13,890 and how much it means to me and my family. 1344 01:05:13,974 --> 01:05:16,309 I would never let a hobby jeopardize... 1345 01:05:18,019 --> 01:05:19,980 Okay. I understand. 1346 01:05:25,944 --> 01:05:28,405 - Yeah? - It's MassMutual. They're... 1347 01:05:28,488 --> 01:05:31,825 getting calls from reporters "concerned" about my "outside activities." 1348 01:05:31,908 --> 01:05:33,702 Was all this against the rules? 1349 01:05:33,785 --> 01:05:36,621 I wasn't...? Maybe now it is. 1350 01:05:36,705 --> 01:05:37,539 Okay. 1351 01:05:40,584 --> 01:05:42,127 Well, what was that call? 1352 01:05:43,753 --> 01:05:45,213 - Keith? - It's okay. 1353 01:05:45,297 --> 01:05:47,340 - What, are you going to lose your job? - It's fine. 1354 01:05:48,466 --> 01:05:50,302 - They gave me a choice. - Between what? 1355 01:05:50,385 --> 01:05:52,095 Between your job and Roaring Kitty? 1356 01:05:52,179 --> 01:05:54,014 - [baby crying over monitor] - Uh... 1357 01:05:54,097 --> 01:05:56,892 - Resign or I'm fired. - That's what he just said? 1358 01:05:56,975 --> 01:05:58,185 [crying continues] 1359 01:05:58,268 --> 01:05:59,102 I got it. 1360 01:06:01,396 --> 01:06:02,772 [Harmony] Wall Street Bets is down, 1361 01:06:02,856 --> 01:06:04,357 - can't see Kitty's balance sheet. - Fuck. 1362 01:06:04,441 --> 01:06:05,609 I don't know what to do. 1363 01:06:06,109 --> 01:06:07,194 This could be the sell-off. 1364 01:06:07,277 --> 01:06:09,237 I really don't wanna do that. 1365 01:06:09,321 --> 01:06:12,407 Well, me neither. But you can't let it go to zero. 1366 01:06:13,283 --> 01:06:15,619 It's 150 grand. You need that money. 1367 01:06:15,702 --> 01:06:18,079 And nobody is gonna hold if they can't see what he's doing. 1368 01:06:20,790 --> 01:06:22,250 Close your eyes and count to three. 1369 01:06:22,959 --> 01:06:23,793 One. 1370 01:06:25,795 --> 01:06:26,713 - Two. - Two. 1371 01:06:27,923 --> 01:06:28,924 {\an8}- Three. - Three. 1372 01:06:32,594 --> 01:06:34,638 - ["Boss" blaring over speakers] - Your phone's ringing. 1373 01:06:34,721 --> 01:06:36,848 This is the sound of the world. 1374 01:06:36,932 --> 01:06:38,558 Your phone is ringing! 1375 01:06:38,642 --> 01:06:42,687 Oh, Robinhood. Yeah. It's an app. 1376 01:06:43,271 --> 01:06:44,564 It's on the phone. 1377 01:06:44,648 --> 01:06:46,942 - Yeah, no, your phone is ringing. - Oh. 1378 01:06:47,984 --> 01:06:49,069 Yes. 1379 01:06:49,152 --> 01:06:50,278 Yes... 1380 01:06:50,362 --> 01:06:53,156 ♪ I'm a boss in a fucking dress... ♪ 1381 01:06:53,240 --> 01:06:55,075 Slow down, Norm, what did you say? 1382 01:06:55,575 --> 01:06:59,996 The NSCC just sent us a file, they want a deposit of three billion 1383 01:07:00,080 --> 01:07:01,706 to clear all the trades coming in. 1384 01:07:02,415 --> 01:07:03,708 Sorry. 1385 01:07:03,792 --> 01:07:04,793 Wait, who? 1386 01:07:04,876 --> 01:07:10,340 They're a subsidiary of the DTCC. And they're requesting three billion. 1387 01:07:10,423 --> 01:07:13,260 Ah... Okay. Sorry, it's a little loud in here. 1388 01:07:13,343 --> 01:07:15,303 I thought you just said three billion. 1389 01:07:15,804 --> 01:07:16,846 I did! 1390 01:07:18,139 --> 01:07:20,850 - But we don't have three billion, Norm. - That's correct. 1391 01:07:20,934 --> 01:07:23,895 We've only ever raised two billion in the history of the company. 1392 01:07:24,771 --> 01:07:26,731 Holy fuck! What if we don't pay? 1393 01:07:26,815 --> 01:07:28,191 They shut us down. 1394 01:07:29,150 --> 01:07:32,153 The IPO, like, everything... poof. 1395 01:07:32,237 --> 01:07:35,031 Gretchen, Dan and I are going to jump on a call with Citadel at 9. 1396 01:07:38,868 --> 01:07:41,913 Maybe this would be a good time for me to chat with Ken Griffin. 1397 01:07:41,997 --> 01:07:44,624 Sure. We'll mention that. 1398 01:07:46,209 --> 01:07:47,502 I can't sleep. 1399 01:07:47,585 --> 01:07:48,545 Me neither. 1400 01:07:49,045 --> 01:07:50,338 I just feel sick! 1401 01:07:51,339 --> 01:07:52,924 We'll buy it back first thing. 1402 01:07:54,759 --> 01:07:56,177 Please shut up. 1403 01:08:07,480 --> 01:08:10,483 [tense, pensive music playing] 1404 01:08:11,026 --> 01:08:12,485 What the fuck. 1405 01:08:15,572 --> 01:08:16,698 Oh! What the fuck! 1406 01:08:17,741 --> 01:08:19,826 - What the fuck! - Okay, let me try. 1407 01:08:20,910 --> 01:08:22,287 Is it frozen? 1408 01:08:27,542 --> 01:08:29,336 They cut off the buy option. 1409 01:08:30,045 --> 01:08:31,588 What?! That's fucking criminal. 1410 01:08:31,671 --> 01:08:32,881 [Vlad] I can't hear you, Baiju! 1411 01:08:32,964 --> 01:08:34,257 [Baiju] What the fuck did you do? 1412 01:08:34,341 --> 01:08:35,967 - Calm down. - Me calm down? 1413 01:08:36,051 --> 01:08:37,552 You shut down trading on GameStop? 1414 01:08:37,635 --> 01:08:38,720 Not all trading. 1415 01:08:38,803 --> 01:08:39,888 Norm worked it out. 1416 01:08:39,971 --> 01:08:43,433 The DTCC agreed to lower the deposit to 700 million 1417 01:08:43,516 --> 01:08:45,602 if we shut off buying, and that's what I did. 1418 01:08:45,685 --> 01:08:47,645 - The Depository Trade Commission? - [blender whirs] 1419 01:08:47,729 --> 01:08:49,898 They're like one degree away from Ken Griffin. 1420 01:08:49,981 --> 01:08:52,108 - One more time, Baiju. - [blender whirs] 1421 01:08:52,192 --> 01:08:53,109 ...butt boys! 1422 01:08:55,111 --> 01:08:57,238 - What? - It's not going to be okay. 1423 01:08:57,322 --> 01:08:58,490 You need to fix this... 1424 01:08:58,573 --> 01:09:00,116 Shh. I know, it's okay. 1425 01:09:00,992 --> 01:09:02,410 I did fix it, Baiju. 1426 01:09:04,621 --> 01:09:07,332 We've been watching shares of GameStop all day long 1427 01:09:07,415 --> 01:09:11,002 after hitting a staggering high of $483. 1428 01:09:11,086 --> 01:09:13,963 The shares are now down to about 140. 1429 01:09:14,047 --> 01:09:16,925 Now, the best we can tell is the Robinhood app 1430 01:09:17,008 --> 01:09:21,554 that seems to have triggered what really has become a panic sell-off in this name. 1431 01:09:21,638 --> 01:09:26,184 And so if you're a retail investor or a Reddit user and you've held, 1432 01:09:26,267 --> 01:09:28,937 well, you are feeling some serious pain right now. 1433 01:09:30,146 --> 01:09:31,314 Oh God. 1434 01:09:32,774 --> 01:09:33,608 Fuck. 1435 01:09:33,691 --> 01:09:35,568 [man 1 on TV] The criticism centered on Robinhood 1436 01:09:35,652 --> 01:09:39,531 for abandoning their followers here in favor of helping those who had shorted 1437 01:09:39,614 --> 01:09:41,074 all these stocks in the first place. 1438 01:09:41,157 --> 01:09:43,535 [woman] I don't particularly like the move on Robinhood today. 1439 01:09:43,618 --> 01:09:45,328 I'm talking to people this morning that say, 1440 01:09:45,412 --> 01:09:47,205 "Okay, that is anti-capitalism. 1441 01:09:47,288 --> 01:09:48,706 - You can't do that." - Fuck you! 1442 01:09:48,790 --> 01:09:53,420 [man 2] There's been some controversy about Citadel and some vague accusations 1443 01:09:53,503 --> 01:09:56,589 that somehow Citadel may have been involved in Robinhood's decision, Wolf, 1444 01:09:56,673 --> 01:10:00,051 {\an8}to stop or restrict trading in GameStop and other shorts... 1445 01:10:00,135 --> 01:10:01,094 [Yaara] Who is it from? 1446 01:10:01,177 --> 01:10:03,888 {\an8}The Tendieman...? 1447 01:10:05,765 --> 01:10:06,683 Come back inside. 1448 01:10:06,766 --> 01:10:08,226 [man] Diamond fucking hands! 1449 01:10:10,395 --> 01:10:14,566 We all know how I feel about him. I think he's a rat, a liar. 1450 01:10:14,649 --> 01:10:19,404 Okay, Vlad, you know everybody here who's watching us hates your guts, right? 1451 01:10:20,405 --> 01:10:23,908 Thank you, Dave, that's, uh... that's what I hear. 1452 01:10:23,992 --> 01:10:27,829 But I'm a really big fan of your show and hopefully I can answer 1453 01:10:27,912 --> 01:10:29,956 - some of your questions. - [man] Vlad, can you hear us? 1454 01:10:30,039 --> 01:10:32,959 - Vlad the stock impaler. - Yes, I'm here... Hi. 1455 01:10:33,042 --> 01:10:35,086 Spill the beans, man, what happened last week? 1456 01:10:35,170 --> 01:10:37,881 Why couldn't people buy GameStop shares? 1457 01:10:37,964 --> 01:10:39,799 The people demand an answer. 1458 01:10:39,883 --> 01:10:43,344 To give you some background, I'm chief executive of Robinhood... 1459 01:10:43,428 --> 01:10:44,679 - Robbing executive. - We know. 1460 01:10:44,762 --> 01:10:46,347 And I just want to say, 1461 01:10:46,431 --> 01:10:49,017 - we had no liquidity problem. - Well, did something maybe shady 1462 01:10:49,100 --> 01:10:50,852 go down? Seems weird that you'd get a sudden 1463 01:10:50,935 --> 01:10:52,979 - 10 billion dollar demand... - Three, three billion... 1464 01:10:53,062 --> 01:10:56,065 Okay, but three billion just suddenly, out of nowhere and... 1465 01:10:56,149 --> 01:11:00,403 Well, I wouldn't impute any shadiness to any of this, um... 1466 01:11:00,487 --> 01:11:02,614 I don't have the full context, uh, 1467 01:11:02,697 --> 01:11:05,116 as to what was going on with the NSCC to, 1468 01:11:05,200 --> 01:11:08,161 to, uh, make these calculations. 1469 01:11:08,244 --> 01:11:10,622 To what degree are you beholden to Citadel? 1470 01:11:10,705 --> 01:11:14,000 I mean, like, basically, if Citadel is unhappy, then what happens? 1471 01:11:14,083 --> 01:11:16,961 - [Vlad] It was a hard temperance. - Is anyone holding you hostage right now? 1472 01:11:17,045 --> 01:11:17,879 Uh, no. 1473 01:11:17,962 --> 01:11:21,758 {\an8}There's just no rational explanation on why they would do what they did 1474 01:11:21,841 --> 01:11:24,469 {\an8}without outside pressure, interference. 1475 01:11:24,552 --> 01:11:27,138 {\an8}And they basically cratered the stock on purpose. 1476 01:11:27,222 --> 01:11:30,183 {\an8}So, I just don't believe anything that guy says. 1477 01:11:30,266 --> 01:11:32,560 {\an8}I wanted to take a cold shower after seeing him say that. 1478 01:11:32,644 --> 01:11:35,230 {\an8}Robinhood is facing lawsuits, we know that. 1479 01:11:35,313 --> 01:11:37,607 {\an8}After halting trade, they are accused 1480 01:11:37,690 --> 01:11:39,776 {\an8}- of rigging the market. - When the big guys, 1481 01:11:39,859 --> 01:11:43,029 {\an8}including one of your main investors in your company started to lose, 1482 01:11:43,112 --> 01:11:45,698 {\an8}you shut down the game to starve the little guy. 1483 01:11:45,782 --> 01:11:48,701 {\an8}They're stealing from the poor and giving back to the rich. 1484 01:11:48,785 --> 01:11:52,080 {\an8}They're robbing from the 'hood! Why? 1485 01:11:52,163 --> 01:11:55,124 {\an8}- I want to be 100% clear. - All of you guys deserve to burn in hell. 1486 01:11:55,208 --> 01:11:56,501 - This decision... - And go to jail. 1487 01:11:56,584 --> 01:11:59,629 ...to restrict trade was not made on the direction of Citadel 1488 01:11:59,712 --> 01:12:01,673 - or any market maker. - What the fuck? Fuck you! 1489 01:12:01,756 --> 01:12:04,008 - And your Mama Dukes, you fraud. - Fuck this guy. 1490 01:12:04,884 --> 01:12:07,387 This guy is just an obfuscating piece of shit. 1491 01:12:07,470 --> 01:12:08,680 Fucker. 1492 01:12:08,763 --> 01:12:11,015 There's only one man I wanna hear from right now. 1493 01:12:11,099 --> 01:12:13,643 And Wall Street Bets is down, so it's crickets. 1494 01:12:13,726 --> 01:12:15,228 It's crickets out here. 1495 01:12:16,104 --> 01:12:17,230 Say it with me. 1496 01:12:17,730 --> 01:12:19,732 - Where my pussy at! - Where my pussy at! 1497 01:12:20,441 --> 01:12:21,985 - [man 1] Mr. Gill! - [man 2] Mr. Gill! 1498 01:12:22,777 --> 01:12:26,614 - Roaring Kitty, I fucking love you! - Keith Gill! 1499 01:12:26,698 --> 01:12:28,366 - Keith Gill, please! - Okay. 1500 01:12:28,449 --> 01:12:31,494 - Please. - Oh, sorry, this is, like, my house, uh... 1501 01:12:31,578 --> 01:12:33,079 - You want my autograph? - Yeah. 1502 01:12:33,997 --> 01:12:34,872 You've been served. 1503 01:12:37,959 --> 01:12:40,795 [man 3] Hey, to the moon, baby! To the moon. 1504 01:12:40,878 --> 01:12:42,005 Holy shit. 1505 01:12:42,088 --> 01:12:43,881 [crowd clamoring] 1506 01:12:46,926 --> 01:12:50,763 Sorry to interrupt. We need to talk about the GameStop situation. 1507 01:12:50,847 --> 01:12:52,140 I thought Mecane was handling it. 1508 01:12:52,223 --> 01:12:54,976 So did we. But the committee's specifically requested you, sir. 1509 01:12:55,059 --> 01:12:57,186 If they want specifics, they can have Mecane. 1510 01:12:57,895 --> 01:12:59,814 It's not a choice, unfortunately. 1511 01:13:04,027 --> 01:13:05,278 Shitballs. 1512 01:13:05,778 --> 01:13:08,072 {\an8}[keyboard clacking] 1513 01:13:08,156 --> 01:13:09,032 [Caroline] Keith? 1514 01:13:10,575 --> 01:13:13,661 - A congressional subpoena. - I never did anything illegal. 1515 01:13:13,745 --> 01:13:15,121 And I always had disclaimers... 1516 01:13:15,788 --> 01:13:17,999 Why would you have disclaimers if you weren't worried? 1517 01:13:18,541 --> 01:13:20,960 They're standard practice, Caroline, everyone has them. 1518 01:13:25,965 --> 01:13:26,799 Babe... 1519 01:13:30,345 --> 01:13:32,889 - the answer is not in your computer. - Whoa! 1520 01:13:33,514 --> 01:13:37,477 There's a dozen reporters on our lawn! You have to testify before Congress. 1521 01:13:38,144 --> 01:13:40,897 - The game has changed. - I know. I hear you. 1522 01:13:40,980 --> 01:13:42,315 I don't think you do. 1523 01:13:47,862 --> 01:13:49,280 Oh, my God. We're... 1524 01:13:50,823 --> 01:13:52,158 We're gonna go to my mother's. 1525 01:13:52,241 --> 01:13:54,327 No, she has terrible Wi-Fi. 1526 01:13:54,410 --> 01:13:56,371 I'm not talking about you. 1527 01:13:56,454 --> 01:13:58,247 I'm talking about me and her. 1528 01:13:58,998 --> 01:14:00,541 You need to figure this out. 1529 01:14:13,721 --> 01:14:15,598 - Where are you going? - To the track. 1530 01:14:15,682 --> 01:14:17,934 - You were just on the track. - I'm going again. 1531 01:14:18,017 --> 01:14:20,812 [tense music playing] 1532 01:14:28,444 --> 01:14:30,863 Hi. Can I interest you in some champagne or a mimosa? 1533 01:14:30,947 --> 01:14:33,157 - Is it free? - It is when you sit up here. 1534 01:14:33,241 --> 01:14:35,159 Well, there is a last time for everything. 1535 01:14:35,243 --> 01:14:36,661 Oh, you'll be back. 1536 01:14:36,744 --> 01:14:40,915 I had half a million in stocks last week, but Wall Street cheated. 1537 01:14:41,416 --> 01:14:42,583 Surprise, surprise. 1538 01:14:44,377 --> 01:14:45,628 I could have cashed out. 1539 01:14:46,754 --> 01:14:48,548 I could have paid my mortgage. 1540 01:14:48,631 --> 01:14:50,216 Could have gotten my kid braces. 1541 01:14:50,299 --> 01:14:51,134 Got a new car. 1542 01:14:51,217 --> 01:14:52,885 Honey, I'm gonna get you something stronger. 1543 01:14:52,969 --> 01:14:54,387 - Thank you. - You're welcome. 1544 01:15:00,518 --> 01:15:01,644 [Kevin] Meow! 1545 01:15:01,728 --> 01:15:02,770 Kitty! 1546 01:15:02,854 --> 01:15:05,481 You can't just eat other people's food. They do reviews, right? 1547 01:15:05,565 --> 01:15:06,524 Very funny. 1548 01:15:06,607 --> 01:15:07,442 Here. 1549 01:15:08,025 --> 01:15:09,318 What's this? 1550 01:15:09,402 --> 01:15:10,778 Look, they were on sale, all right, 1551 01:15:10,862 --> 01:15:13,823 - before you get all emotional and shit. - Holy shit, you fucking softy. 1552 01:15:13,906 --> 01:15:16,033 Who put you up to this? Caro? Ma? 1553 01:15:16,117 --> 01:15:17,827 No, Dad called me in tears, 1554 01:15:17,910 --> 01:15:19,662 said my big brother needed some moral support. 1555 01:15:19,746 --> 01:15:22,123 Ah, fuck off. I can't. 1556 01:15:22,206 --> 01:15:24,208 C'mon, man. Will you at least try 'em on? Please? 1557 01:15:24,292 --> 01:15:26,252 Try 'em. C'mon, you're the richest man in Brockton, 1558 01:15:26,335 --> 01:15:28,838 - you dress like an asshole. - I lost 15 million yesterday. 1559 01:15:28,921 --> 01:15:30,798 And another 15 the day before that. 1560 01:15:30,882 --> 01:15:33,176 You're still the richest man in Brockton, like, by far. 1561 01:15:33,843 --> 01:15:37,680 Bro, you got rich dudes pissing in their pants right now. 1562 01:15:37,764 --> 01:15:40,475 I mean, c'mon, man, how many people from Brockton High can say that? 1563 01:15:40,558 --> 01:15:41,642 This has gone crazy. 1564 01:15:41,726 --> 01:15:44,479 I got reporters hounding me outside my house. 1565 01:15:44,562 --> 01:15:46,606 Yeah, man, me too. They're coming after you. 1566 01:15:48,191 --> 01:15:49,901 You didn't talk to them, did you? 1567 01:15:49,984 --> 01:15:53,237 What do I look like? I said no. I said give me 50 grand maybe. 1568 01:15:53,321 --> 01:15:54,322 Tell me you're kidding. 1569 01:15:54,405 --> 01:15:56,991 If you give me 20, maybe we wouldn't have to deal with this shit. 1570 01:15:57,074 --> 01:15:58,034 What is wrong with you?! 1571 01:15:58,117 --> 01:16:01,454 Kevin, I've just been subpoenaed by Congress, man. 1572 01:16:01,537 --> 01:16:03,122 I do not have time for your bullshit. 1573 01:16:03,206 --> 01:16:05,666 - Oh, come off it, man! - Seriously, asshole. 1574 01:16:05,750 --> 01:16:07,627 - Chill! It was a joke! - Fuck! 1575 01:16:08,711 --> 01:16:10,171 [Keith sighs] 1576 01:16:12,173 --> 01:16:13,007 [groans] 1577 01:16:15,551 --> 01:16:16,385 I know. 1578 01:16:17,220 --> 01:16:18,095 Sorry. 1579 01:16:25,186 --> 01:16:27,355 We never used to fight this much. 1580 01:16:30,274 --> 01:16:32,235 - Sara. - I miss her. 1581 01:16:32,860 --> 01:16:33,736 Me too. 1582 01:16:34,320 --> 01:16:35,738 She kept your ego in check. 1583 01:16:36,405 --> 01:16:38,574 Whole fuckin' world kept my ego in check. 1584 01:16:39,659 --> 01:16:42,328 What the fuck are you gonna tell Congress, Keith? Huh? 1585 01:16:43,412 --> 01:16:45,456 Beg them not to send me to prison? 1586 01:16:47,708 --> 01:16:48,543 Hey... 1587 01:16:49,293 --> 01:16:53,422 Hey, do you remember back at Stonehill when they dared me to run that mile naked? 1588 01:16:53,923 --> 01:16:55,633 Yeah, there was a crazy storm that night. 1589 01:16:55,716 --> 01:16:57,343 - You dumb shit. - Fuck you, man. 1590 01:16:57,426 --> 01:16:59,762 That was dope, man. I'm a legend over there. 1591 01:16:59,846 --> 01:17:01,013 Everybody remembers that! 1592 01:17:01,097 --> 01:17:02,139 - Okay. - They do, man. 1593 01:17:02,223 --> 01:17:04,183 People remember your 4-minute 3-second mile. 1594 01:17:04,267 --> 01:17:06,143 Oh... what is this, a pep talk? 1595 01:17:06,227 --> 01:17:07,645 Motherfucker, stop hiding. 1596 01:17:07,728 --> 01:17:11,190 Seriously. Okay, stop being all meek and shit and running away. 1597 01:17:12,024 --> 01:17:14,569 What, you want me to run through lightning with my dick out? 1598 01:17:14,652 --> 01:17:15,570 Yeah. 1599 01:17:15,653 --> 01:17:17,738 Please, exactly that. 1600 01:17:18,447 --> 01:17:20,741 Run through lightning with your dick out. Fuck it. 1601 01:17:22,535 --> 01:17:25,538 [pensive music playing] 1602 01:17:28,958 --> 01:17:30,418 You didn't go to your mom's? 1603 01:17:32,336 --> 01:17:33,546 You took the car. 1604 01:17:35,298 --> 01:17:37,383 How was the run? Did it clear your head? 1605 01:17:38,175 --> 01:17:39,719 Kev found me, brought me these. 1606 01:17:39,802 --> 01:17:42,221 Hm. You guys talked? 1607 01:17:42,722 --> 01:17:45,474 Yup, he, uh, told me to run naked. 1608 01:17:45,975 --> 01:17:47,560 - You ran naked? - No. 1609 01:17:47,643 --> 01:17:51,731 Uh, it's a metaphor. He's saying I gotta take this thing head on. 1610 01:17:52,815 --> 01:17:53,649 Well... 1611 01:17:59,238 --> 01:18:00,823 I'd kinda like to see you run naked. 1612 01:18:02,700 --> 01:18:04,452 [sprinkler spraying] 1613 01:18:04,535 --> 01:18:07,121 By the way, Wall Street Bets is back up. 1614 01:18:08,748 --> 01:18:10,124 The motherfucker held. 1615 01:18:10,875 --> 01:18:15,254 Holy shit! He lost 30 million, and he still fucking held. 1616 01:18:18,633 --> 01:18:20,343 - Robinhood's back up. - What? 1617 01:18:21,135 --> 01:18:23,554 - We gotta get back in. - Where's the stock at right now? 1618 01:18:24,305 --> 01:18:25,306 109. 1619 01:18:25,806 --> 01:18:26,849 Are you sure? 1620 01:18:27,350 --> 01:18:30,102 That's like all of the money that we made back into the stock. 1621 01:18:33,981 --> 01:18:36,484 Yeah. We can't let them get away with this. 1622 01:18:38,569 --> 01:18:39,403 Fuck 'em. 1623 01:18:39,987 --> 01:18:41,197 If he's in, I'm in. 1624 01:18:42,073 --> 01:18:43,282 If he's in, I'm in. 1625 01:18:46,786 --> 01:18:47,787 Okay. 1626 01:18:49,455 --> 01:18:50,414 Fuck! 1627 01:18:52,583 --> 01:18:55,419 - [Harmony sighs, then laughs] - [Riri yells] 1628 01:18:56,462 --> 01:19:01,092 {\an8}The frenzy continues with retail investors bidding back up GameStop. 1629 01:19:01,175 --> 01:19:03,260 - Meme stock mania is back. - [woman] ...up more than 80% 1630 01:19:03,344 --> 01:19:05,805 as those message board traders simply sent it higher. 1631 01:19:05,888 --> 01:19:07,473 [man] Stock volatility continuing, 1632 01:19:07,556 --> 01:19:10,351 it looks like this morning once again GameStop are involved in 1633 01:19:10,434 --> 01:19:13,771 an ongoing battle between retail investors and short sellers. 1634 01:19:13,854 --> 01:19:15,314 We're gonna have more on this story. 1635 01:19:15,398 --> 01:19:18,401 {\an8}[woman] CEOs of Robinhood, Reddit, Citadel and Melvin Capital. 1636 01:19:18,484 --> 01:19:21,821 {\an8}Along with Keith Gill, better known as Roaring Kitty 1637 01:19:21,904 --> 01:19:25,199 on social media, will be in the hot seat. 1638 01:19:25,282 --> 01:19:28,285 [tense music playing] 1639 01:19:29,662 --> 01:19:32,748 [Gabe] I'm here testifying today far removed from my background. 1640 01:19:32,832 --> 01:19:35,835 I grew up in a middle-class family in Portland, Maine. 1641 01:19:35,918 --> 01:19:37,503 My dad was a grocery store executive. 1642 01:19:37,586 --> 01:19:38,963 [woman] Maybe leave that part out. 1643 01:19:40,297 --> 01:19:41,382 The part about my dad? 1644 01:19:41,465 --> 01:19:42,508 The executive part. 1645 01:19:42,591 --> 01:19:44,093 Okay... Okay. 1646 01:19:47,430 --> 01:19:51,892 I went to a public high school. I studied hard and got into Northwestern. 1647 01:19:51,976 --> 01:19:53,978 - Just say "a good college." - Upon... 1648 01:19:54,061 --> 01:19:55,563 I can't say I went to Northwestern? 1649 01:19:55,646 --> 01:19:57,440 - Too elite. - Northwestern's too... 1650 01:19:58,107 --> 01:19:58,941 All right. 1651 01:20:02,945 --> 01:20:07,533 Upon graduation, I did not have a job. Today, I'm married with four children. 1652 01:20:07,616 --> 01:20:09,785 Gabe, where do you plan on doing your testimony? 1653 01:20:12,163 --> 01:20:14,915 - Here. - In front of your wine collection? 1654 01:20:16,959 --> 01:20:20,129 I mean, this is... I don't have that big of a wine collection honestly. 1655 01:20:20,212 --> 01:20:21,172 Yeah, it's huge. 1656 01:20:21,255 --> 01:20:23,090 [Keith] Digital risks seem to be overblown. 1657 01:20:23,174 --> 01:20:25,593 Two, the negative sentiment is overdone. 1658 01:20:25,676 --> 01:20:29,388 - Three, the value... - Maybe... here would be nice. 1659 01:20:32,683 --> 01:20:34,685 - Too many windows. - Too many windows... Oh. 1660 01:20:34,769 --> 01:20:35,853 It's very bright. 1661 01:20:35,936 --> 01:20:39,023 - Yeah, ocean front's not a great idea. - It's blue. 1662 01:20:39,106 --> 01:20:40,775 Yeah. Okay, I hadn't thought of that. 1663 01:20:40,858 --> 01:20:43,694 That, uh, yeah, downstairs there's more... there's probably darker rooms. 1664 01:20:43,778 --> 01:20:45,863 [woman on TV] What a bandit. Most of you know this guy, 1665 01:20:45,946 --> 01:20:47,490 who is the Roaring Kitty character, 1666 01:20:47,573 --> 01:20:48,949 - who was pushing it. - Holy shit. 1667 01:20:49,033 --> 01:20:50,993 - Voicing the information. - Our boy's on the news. 1668 01:20:51,077 --> 01:20:52,912 And what's the potentially systemic risk? 1669 01:20:52,995 --> 01:20:55,247 [man] Those relationships in D.C. are strong. 1670 01:20:55,331 --> 01:20:59,376 The guys who run those hedge funds are the guys who fund presidential campaigns. 1671 01:20:59,460 --> 01:21:01,712 You know Roaring Kitties don't have that kind of influence. 1672 01:21:01,796 --> 01:21:03,964 - Gill is being sued for fraud... - Hedge fund managers do. 1673 01:21:04,048 --> 01:21:06,175 over his alleged role in the GameStop rally. 1674 01:21:06,258 --> 01:21:09,053 {\an8}Is Mr. Gill likely to appear, and if he appears, 1675 01:21:09,136 --> 01:21:13,224 {\an8}is he likely to talk if he faces the potential of prosecution? 1676 01:21:13,307 --> 01:21:18,229 Fundamentals are based on three things: One, digital risks are overblown. 1677 01:21:18,312 --> 01:21:20,147 Two, the negative sentiment is overdone. 1678 01:21:20,231 --> 01:21:21,357 And three... 1679 01:21:25,069 --> 01:21:25,903 Fuck. 1680 01:21:25,986 --> 01:21:28,114 - Ah, c'mon, shut up. - [Keith] I know all this. 1681 01:21:28,197 --> 01:21:29,532 [Kevin laughing] 1682 01:21:29,615 --> 01:21:32,034 You guys, you guys, stop. Stop, let's keep going. 1683 01:21:32,118 --> 01:21:33,160 All right, let's go again. 1684 01:21:33,244 --> 01:21:35,496 You're right, this is serious. You can go to jail forever. 1685 01:21:35,579 --> 01:21:37,206 - A long time. Long, long time. - You ready? 1686 01:21:37,289 --> 01:21:39,083 You ready? Here we go. Back in the game. 1687 01:21:39,166 --> 01:21:42,253 - Mr. Gill. May I call you Mr. Gill, sir? - It's my name. 1688 01:21:42,336 --> 01:21:44,755 [Kevin] Why the fuck wouldn't you be able to call him Mr. Gill? 1689 01:21:44,839 --> 01:21:46,715 What were your intentions with the YouTube videos 1690 01:21:46,799 --> 01:21:48,342 and your social media posts on GameStop? 1691 01:21:48,425 --> 01:21:49,927 - Yes. - [Keith] Thank you, congresswoman. 1692 01:21:50,010 --> 01:21:51,428 [Caroline] You're welcome. 1693 01:21:51,512 --> 01:21:53,556 I developed a theory that the company was undervalued 1694 01:21:53,639 --> 01:21:55,349 despite the significant short interest. 1695 01:21:55,432 --> 01:21:57,351 Oh, so you were aware of the short interest. 1696 01:21:57,434 --> 01:21:59,937 It is public knowledge. You can see it in the SEC filings. 1697 01:22:00,020 --> 01:22:02,273 [Briggsy] And your goal was to break these shorts, yes? 1698 01:22:02,356 --> 01:22:05,901 To rally an online mob to artificially push the price of GameStop soaring, 1699 01:22:05,985 --> 01:22:09,029 ah, "to the moon" as they say, isn't that correct, Mr. Gill? 1700 01:22:09,113 --> 01:22:10,990 Objection, objection, you're leading the witness. 1701 01:22:11,073 --> 01:22:12,074 - Kev... - [Briggsy] Witness. 1702 01:22:12,158 --> 01:22:13,534 I yield my time to the chair. 1703 01:22:13,617 --> 01:22:15,995 You were hoping for the short squeeze, weren't you, Mr. Gill? 1704 01:22:16,078 --> 01:22:17,163 You short squeezing bastard. 1705 01:22:17,246 --> 01:22:19,248 The short squeeze was a marginal point of the thesis. 1706 01:22:19,331 --> 01:22:22,084 [Briggsy] Then why did you talk about it in your videos all the time? 1707 01:22:22,168 --> 01:22:24,795 You talked about it a lot. You remember, about the squeeze. 1708 01:22:24,879 --> 01:22:27,006 - "It's just a little squeeze." - [Briggsy] Exactly. 1709 01:22:27,089 --> 01:22:29,550 Are you really asking us to believe that you weren't a leader 1710 01:22:29,633 --> 01:22:31,760 - to all these retail traders? - You're fucked, buddy. 1711 01:22:31,844 --> 01:22:33,929 - My point of view... - Asking. Yes or no? 1712 01:22:34,013 --> 01:22:35,431 - [Kevin] Yes or no? - [Briggsy] Yes. 1713 01:22:35,514 --> 01:22:38,058 - You're admitting it. - You had the cheap bottle of champagne. 1714 01:22:38,142 --> 01:22:41,228 - Kevin. Kevin! - Dunking tendies like a fucking... What? 1715 01:22:42,521 --> 01:22:44,899 I'm running with my dick out. 1716 01:22:45,983 --> 01:22:47,359 Okay, why don't you just say that? 1717 01:22:47,443 --> 01:22:48,736 Okay, I'll stop. 1718 01:22:49,528 --> 01:22:54,408 All right. Mr. Gill, what exactly about the fundamentals 1719 01:22:54,491 --> 01:22:57,703 - led you to build this bull case? - [Briggsy] What the fuck's with the voice? 1720 01:22:57,786 --> 01:23:00,039 I don't know, I was trying to do AOC, but it was flat. 1721 01:23:00,122 --> 01:23:02,541 - [Briggsy] She's not on the panel. - [Kevin] Shut the fuck up. 1722 01:23:02,625 --> 01:23:04,710 - I'll slap the shit out of you. - You're gonna slap me? 1723 01:23:04,793 --> 01:23:06,879 - [Kevin] Let's go. - [Briggsy] You ready to go? 1724 01:23:06,962 --> 01:23:08,881 [Kevin] I've been waiting for this, dog. 1725 01:23:14,261 --> 01:23:17,264 {\an8}[tense, pensive music playing] 1726 01:23:20,601 --> 01:23:21,685 [sighs] 1727 01:23:26,315 --> 01:23:27,149 Come here. 1728 01:23:35,908 --> 01:23:37,868 You're gonna be great. 1729 01:23:39,119 --> 01:23:41,830 If it goes bad, it's gonna be real bad. 1730 01:23:41,914 --> 01:23:43,624 Well, don't let it go bad. 1731 01:23:43,707 --> 01:23:47,878 [Waters] This hearing will be first in a series of hearings by the committee 1732 01:23:47,962 --> 01:23:52,967 to examine the recent market volatility involving GameStop. 1733 01:23:53,050 --> 01:23:57,554 I want to know how each of the witnesses here today 1734 01:23:57,638 --> 01:23:59,723 - contributed to the historic... - Gabe, can you sit up? 1735 01:23:59,807 --> 01:24:02,893 ...trading events in January. 1736 01:24:03,435 --> 01:24:05,688 This recent market volatility 1737 01:24:05,771 --> 01:24:10,276 has put a national spotlight on institutional practices 1738 01:24:10,359 --> 01:24:11,944 by Wall Street firms. 1739 01:24:12,027 --> 01:24:15,614 And they have demonstrated the enormous potential power 1740 01:24:15,698 --> 01:24:18,325 of social media in our markets. 1741 01:24:18,909 --> 01:24:22,454 We will hear firsthand from the witnesses regarding these events. 1742 01:24:23,080 --> 01:24:27,251 The hearing will be an opportunity for this committee to get the facts 1743 01:24:27,334 --> 01:24:30,504 about the role each of the witnesses represent, 1744 01:24:30,587 --> 01:24:34,133 played in the events we are examining today. 1745 01:24:34,216 --> 01:24:36,593 [Vargas] Mr. Griffin, if I could ask you this first question. 1746 01:24:36,677 --> 01:24:37,511 Of course. 1747 01:24:37,594 --> 01:24:39,680 {\an8}How many people are in the room with you? 1748 01:24:40,556 --> 01:24:41,598 [Ken] That's your question? 1749 01:24:41,682 --> 01:24:43,684 Count how many people are in the room with you. 1750 01:24:48,314 --> 01:24:51,817 There are five people, including myself, in this room. 1751 01:24:51,900 --> 01:24:53,485 [Vargas] Did anyone in your organization 1752 01:24:53,569 --> 01:24:55,696 since January 1st, contact Robinhood? 1753 01:24:55,779 --> 01:25:00,534 We of course talk to Robinhood routinely in the ordinary course of business. 1754 01:25:00,617 --> 01:25:02,870 We manage a substantial portion of their order flow. 1755 01:25:02,953 --> 01:25:05,247 {\an8}But did you talk to them about restricting 1756 01:25:05,331 --> 01:25:09,460 {\an8}or doing anything to prevent people from buying GameStop? 1757 01:25:09,543 --> 01:25:12,254 I want to be perfectly clear. 1758 01:25:12,338 --> 01:25:15,966 We had no role in Robinhood's decision 1759 01:25:16,050 --> 01:25:18,218 - to limit trading in GameStop. - Fuck you, Ken Griffin. 1760 01:25:18,302 --> 01:25:22,097 [Vargas] So, if we depose everyone in your organization, we would find that? 1761 01:25:22,765 --> 01:25:23,682 That is correct. 1762 01:25:23,766 --> 01:25:26,310 Looks like a Disney Channel villain. 1763 01:25:26,393 --> 01:25:30,898 Mr. Plotkin, do you believe that there is manipulation, distrust, 1764 01:25:30,981 --> 01:25:33,817 and overall inequality within American finance? 1765 01:25:33,901 --> 01:25:35,986 My focus is on my company, Melvin... 1766 01:25:36,070 --> 01:25:37,654 [inaudible] 1767 01:25:37,738 --> 01:25:38,822 [Kevin] Hello? 1768 01:25:38,906 --> 01:25:40,532 You're on mute, dick! 1769 01:25:40,616 --> 01:25:42,159 Ah, I'm sorry, you're on mute. 1770 01:25:42,659 --> 01:25:43,786 [all laughing] 1771 01:25:46,372 --> 01:25:48,040 [woman] He just keeps going. 1772 01:25:48,123 --> 01:25:49,875 ...my area of expertise. 1773 01:25:49,958 --> 01:25:53,629 You're still on mute. I haven't been able to hear a word you said, unfortunately. 1774 01:25:53,712 --> 01:25:56,006 [Ocasio-Cortez] Would you be willing to commit today 1775 01:25:56,090 --> 01:25:58,175 - to voluntarily pass on the proceeds... - Oh. Marry me. 1776 01:25:58,258 --> 01:26:00,969 ...of the payment for order flow to Robinhood customers? 1777 01:26:01,053 --> 01:26:03,514 Congresswoman, I appreciate that question. 1778 01:26:03,597 --> 01:26:06,058 When the statement you refer to was made, 1779 01:26:06,141 --> 01:26:09,353 {\an8}it was before Robinhood forced the entire industry 1780 01:26:09,436 --> 01:26:11,438 {\an8}- to drop commissions... - I should take that as a no. 1781 01:26:11,522 --> 01:26:14,233 {\an8}You're not willing to pass on the proceeds of payment for order flow 1782 01:26:14,316 --> 01:26:16,235 - to your customers? - When the other brokers drop... 1783 01:26:16,318 --> 01:26:17,361 {\an8}I'm talking about today. 1784 01:26:17,444 --> 01:26:19,154 - Asshole. - I don't wanna be rude. 1785 01:26:19,238 --> 01:26:20,531 {\an8}I just have limited time, 1786 01:26:20,614 --> 01:26:24,535 {\an8}but if removing the revenues that you make from a payment for order flow 1787 01:26:24,618 --> 01:26:28,038 would cause the removal of free commissions, 1788 01:26:28,122 --> 01:26:29,832 doesn't that mean that trading on Robinhood 1789 01:26:29,915 --> 01:26:31,792 isn't actually free to begin with? 1790 01:26:31,875 --> 01:26:33,168 [woman] Good question. 1791 01:26:39,800 --> 01:26:42,052 [Waters] Thank you very much, Mr. Gill. 1792 01:26:42,136 --> 01:26:46,682 You are now recognized for five minutes to present your oral testimony. 1793 01:26:48,684 --> 01:26:50,936 [inhales, then exhales] 1794 01:26:58,610 --> 01:27:01,071 Thank you, members of the committee. 1795 01:27:03,615 --> 01:27:06,910 I am happy to discuss my purchase of GameStop shares 1796 01:27:07,494 --> 01:27:10,873 and my discussions of their fair value on social media. 1797 01:27:11,707 --> 01:27:13,333 But before I do that, 1798 01:27:13,417 --> 01:27:15,252 a few things I am not: 1799 01:27:17,045 --> 01:27:18,255 I am not a cat. 1800 01:27:19,798 --> 01:27:22,050 - What did he say? - [Kevin] He just said cat, Ma. 1801 01:27:22,134 --> 01:27:23,343 It's like a kitty thing. 1802 01:27:23,427 --> 01:27:25,762 Nor am I a hedge fund. I do not have clients, 1803 01:27:25,846 --> 01:27:31,101 and I do not provide personalized investment advice for fees or commissions. 1804 01:27:31,185 --> 01:27:33,187 I grew up in Brockton, Mass. 1805 01:27:33,937 --> 01:27:35,814 My family was not wealthy. 1806 01:27:35,898 --> 01:27:39,151 My father was a truck driver and my mom a registered nurse. 1807 01:27:39,234 --> 01:27:41,361 - [Kevin] That's you, Ma! - I was one of three kids 1808 01:27:41,445 --> 01:27:44,448 and the first in my family to earn a four-year college degree 1809 01:27:44,531 --> 01:27:48,619 when I graduated from Stonehill College in 2009. 1810 01:27:48,702 --> 01:27:50,746 That was not a good time to be looking for a job. 1811 01:27:50,829 --> 01:27:53,248 From 2010-2017, 1812 01:27:53,332 --> 01:27:56,710 there were significant periods when I was unemployed. 1813 01:27:56,793 --> 01:27:59,087 I took an interest in the stock market, 1814 01:27:59,171 --> 01:28:01,381 and even though I had very little money, 1815 01:28:01,465 --> 01:28:05,594 I used those times to educate myself and learn more about investing. 1816 01:28:05,677 --> 01:28:09,556 Mr. Gill, I find it hard to believe that you predicted everything 1817 01:28:09,640 --> 01:28:13,227 that happened to GameStop with no inside information. 1818 01:28:13,310 --> 01:28:14,978 Uh, I didn't predict it. 1819 01:28:15,062 --> 01:28:18,357 I honestly couldn't explain everything that happened in January. 1820 01:28:18,440 --> 01:28:22,194 I've seen your videos. You honestly couldn't recount to the committee 1821 01:28:22,277 --> 01:28:26,782 what caused every single up and down of the stock in January? 1822 01:28:27,366 --> 01:28:28,492 I think you could. 1823 01:28:29,826 --> 01:28:33,205 I did follow the stock, uh, very closely, 1824 01:28:33,288 --> 01:28:36,833 but threshold lists, order flows, halting purchases, according to the press, 1825 01:28:36,917 --> 01:28:38,794 these all had a material impact on the stock. 1826 01:28:38,877 --> 01:28:41,463 Here's the thing: I have a bit of experience with this stuff, 1827 01:28:41,547 --> 01:28:43,465 and even I barely understand these matters. 1828 01:28:43,549 --> 01:28:47,344 It's alarming how little we all know about the inner workings of the market. 1829 01:28:47,427 --> 01:28:50,055 Which is why I'm glad this committee is examining what happened, 1830 01:28:50,138 --> 01:28:52,849 particularly with the exorbitant short interest 1831 01:28:52,933 --> 01:28:55,811 as well as any potentially manipulative shorting practices 1832 01:28:55,894 --> 01:28:59,982 and brokers' reported failures to timely deliver shares and settle trades. 1833 01:29:00,065 --> 01:29:01,733 [mouths] 1834 01:29:03,277 --> 01:29:05,487 A lot of people feel the system is broken. 1835 01:29:05,571 --> 01:29:09,575 The whole idea of the stock market is to be, like, kind of a fair playing field, 1836 01:29:09,658 --> 01:29:13,495 where if you're smart, maybe with a little luck, you could make your fortune. 1837 01:29:14,288 --> 01:29:16,623 But, if it ever was that, it's certainly not any more. 1838 01:29:17,708 --> 01:29:21,044 The big firms have such a big advantage, in terms of technology and information 1839 01:29:21,128 --> 01:29:24,381 and just sheer wealth, there's no hope for the little guy anymore. 1840 01:29:25,132 --> 01:29:27,009 Or there was no hope. 1841 01:29:27,759 --> 01:29:29,803 Maybe now, there is. 1842 01:29:31,972 --> 01:29:33,432 And as for me, 1843 01:29:34,141 --> 01:29:35,309 I like the stock. 1844 01:29:35,392 --> 01:29:36,310 [cheering] 1845 01:29:36,393 --> 01:29:38,770 He's a gangster for that. 1846 01:29:38,854 --> 01:29:40,480 I don't plan on selling any time soon. 1847 01:29:40,564 --> 01:29:42,190 - [man] Hold it. - Say that shit. 1848 01:29:42,274 --> 01:29:43,233 Diamond fucking hands. 1849 01:29:43,317 --> 01:29:44,234 Diamond hands, baby. 1850 01:29:45,360 --> 01:29:46,903 Attaboy. 1851 01:29:46,987 --> 01:29:48,280 What a nerd. 1852 01:29:48,905 --> 01:29:49,740 {\an8}Thank you. 1853 01:29:51,116 --> 01:29:52,117 [sighs] 1854 01:29:57,497 --> 01:29:59,916 It was good. I think. 1855 01:30:01,084 --> 01:30:03,962 [man on TV] Yesterday's Reddit hearing in Congress brought together 1856 01:30:04,046 --> 01:30:06,340 some of the power players behind the January trading frenzy. 1857 01:30:06,423 --> 01:30:09,593 [woman] Representative Maxine Waters did say there will be additional hearings... 1858 01:30:09,676 --> 01:30:12,804 [man] What you got here involves people named DFV and Roaring Kitty, ultimately... 1859 01:30:12,888 --> 01:30:15,849 [woman] ...two more to follow to find more answers, one market expert... 1860 01:30:15,932 --> 01:30:17,642 [man] Whether it's markets or social media, 1861 01:30:17,726 --> 01:30:19,436 I'll just call it media because it is now. 1862 01:30:19,519 --> 01:30:21,355 Do you think any new regulation gets done? 1863 01:30:21,438 --> 01:30:23,523 [man 2] What's clear is that we're in the Wild West 1864 01:30:23,607 --> 01:30:26,693 and that there is so much activity that's going on, on these online forums. 1865 01:30:26,777 --> 01:30:29,988 And we've seen in the last month and the last six weeks how much force 1866 01:30:30,072 --> 01:30:33,617 day traders en masse can bring to the market and actually affect it. 1867 01:30:33,700 --> 01:30:35,660 They used to just make some noise around the edges. 1868 01:30:35,744 --> 01:30:38,455 Now they can actually move markets, move securities. 1869 01:30:38,538 --> 01:30:41,124 [pensive music playing] 1870 01:31:09,945 --> 01:31:11,071 Cheers, everyone. 1871 01:31:18,120 --> 01:31:19,037 Ah. 1872 01:31:23,542 --> 01:31:24,376 [sighs] 1873 01:31:27,587 --> 01:31:29,131 You're a fucking gangster. 1874 01:31:48,775 --> 01:31:51,278 [Brad] Hey, man, I notice you've been selling a lot of new games, 1875 01:31:51,361 --> 01:31:54,573 and I just wanted to remind you, again, that we really wanna be pushing customers 1876 01:31:54,656 --> 01:31:57,159 towards the higher-margin pre-owned games. 1877 01:31:58,201 --> 01:32:00,162 Yeah, I'm not gonna do that. 1878 01:32:00,245 --> 01:32:01,079 Excuse me? 1879 01:32:01,163 --> 01:32:03,790 Oh, and in fact, I'm not gonna do any of the Circle of Life bullshit. 1880 01:32:03,874 --> 01:32:05,250 Or your TikTok dance contest. 1881 01:32:05,333 --> 01:32:06,626 You're quitting, then. 1882 01:32:08,295 --> 01:32:09,296 Okay. 1883 01:32:09,379 --> 01:32:11,131 I mean, I thought about it, but... 1884 01:32:12,132 --> 01:32:13,925 Like, yo, I love it here. 1885 01:32:14,009 --> 01:32:15,677 So, I think I'm gonna stay. 1886 01:32:15,760 --> 01:32:19,222 You're awfully smug for a kid who lost all his money buying stock. 1887 01:32:19,723 --> 01:32:22,142 What did you say it was going to? A thousand? 1888 01:32:23,393 --> 01:32:25,896 I'm also not gonna work at the ass crack of dawn any more. 1889 01:32:27,022 --> 01:32:27,898 You're fired. 1890 01:32:29,816 --> 01:32:31,067 No, I'm not. 1891 01:32:31,151 --> 01:32:33,862 You gotta get that approved by like seven levels of people, yo. 1892 01:32:34,362 --> 01:32:36,907 Thanks to the geniuses who put that together. 1893 01:32:36,990 --> 01:32:38,950 The ones who used to own my ass. 1894 01:32:39,451 --> 01:32:40,452 You sold? 1895 01:32:41,745 --> 01:32:42,579 Half. 1896 01:32:43,914 --> 01:32:45,874 Right at the tippy tippy top. 1897 01:32:45,957 --> 01:32:48,710 And I'm holding the other half for the long haul. 1898 01:32:48,793 --> 01:32:50,545 ♪ 'Cause I'm a savage ♪ 1899 01:32:51,046 --> 01:32:53,632 ♪ Classy, bougie, ratchet ♪ 1900 01:32:54,174 --> 01:32:57,010 ♪ Sassy, moody, nasty ♪ 1901 01:32:57,093 --> 01:32:59,346 ♪ Acting stupid what was happening ♪ 1902 01:32:59,429 --> 01:33:00,680 ["Savage" playing] 1903 01:33:00,764 --> 01:33:04,351 ♪ Classy, bougie, ratchet ♪ 1904 01:33:04,434 --> 01:33:07,270 {\an8}♪ Sassy, moody, nasty ♪ 1905 01:33:07,354 --> 01:33:09,314 {\an8}♪ Acting stupid, what's happening? ♪ 1906 01:33:09,397 --> 01:33:10,815 ♪ Bitch, what's happening? ♪ 1907 01:33:10,899 --> 01:33:12,776 ♪ Bitch, I'm a savage, yeah ♪ 1908 01:33:12,859 --> 01:33:15,445 ♪ Classy, bougie, ratchet, yeah ♪ 1909 01:33:15,529 --> 01:33:18,281 ♪ Sassy, moody, nasty ♪ 1910 01:33:18,365 --> 01:33:20,909 ♪ Acting stupid, what's happening? ♪ 1911 01:33:20,992 --> 01:33:22,827 ♪ Bitch, what's happening? ♪ 1912 01:33:22,911 --> 01:33:25,622 ♪ Eat me and record it But your edge-up all I'm showing ♪ 1913 01:33:25,705 --> 01:33:28,500 ♪ I keep my niggas private So, his AP all I'm showing ♪ 1914 01:33:28,583 --> 01:33:31,086 ♪ Beefing with you bitches Really getting kinda boring ♪ 1915 01:33:31,169 --> 01:33:33,838 ♪ If it ain't about the money Then you know I'm gon' ignore it ♪ 1916 01:33:33,922 --> 01:33:34,756 ♪ I'm the shit, ooh ♪ 1917 01:33:34,839 --> 01:33:37,926 ♪ I need a mop to clean the floor It's too much drip, ooh ♪ 1918 01:33:38,009 --> 01:33:40,053 ♪ I keep a knot, I keep a watch I keep a whip... ♪ 1919 01:33:40,136 --> 01:33:41,388 Fuck yeah! 1920 01:33:41,930 --> 01:33:44,766 I'm here testifying today far removed from my background. 1921 01:33:44,849 --> 01:33:46,977 I grew up in a middle-class family in Portland, Maine. 1922 01:33:47,060 --> 01:33:48,645 I went to a public high school. 1923 01:33:48,728 --> 01:33:51,064 I studied hard and got into a good college. 1924 01:33:51,147 --> 01:33:53,608 Upon graduation, I did not have a job. 1925 01:33:53,692 --> 01:33:56,695 ♪ Bitch, what's happening? ♪ 1926 01:33:56,778 --> 01:34:02,659 When the statement you refer to was made, uh, I believe 2015 or 2016, 1927 01:34:02,742 --> 01:34:05,745 it was before Robinhood forced the entire industry 1928 01:34:05,829 --> 01:34:08,498 - to drop commissions and replicate our... - I should take that as a no. 1929 01:34:08,582 --> 01:34:11,418 You're not willing to pass on the proceeds of payment for order flow 1930 01:34:11,501 --> 01:34:12,627 to your customers? 1931 01:34:12,711 --> 01:34:14,879 ♪ That body right But you know this pussy fat, ooh ♪ 1932 01:34:14,963 --> 01:34:17,299 ♪ I drop a picture Now these bitches feel attacked ♪ 1933 01:34:17,382 --> 01:34:20,135 ♪ Don't let that nigga gas you up And get you whacked, ooh ♪ 1934 01:34:20,218 --> 01:34:22,137 ♪ I make a call and get a pussy nigga smacked... ♪ 1935 01:34:22,220 --> 01:34:27,017 But did you talk to them about restricting or doing anything to prevent people 1936 01:34:27,100 --> 01:34:30,437 from buying, not selling but buying, in GameStop? 1937 01:34:30,520 --> 01:34:32,564 Let me be perfectly clear. 1938 01:34:33,315 --> 01:34:35,609 Absolutely not. 1939 01:34:35,692 --> 01:34:38,695 ["Savage" continues playing] 1940 01:35:00,425 --> 01:35:02,469 As for me, I like the stock. 1941 01:35:02,552 --> 01:35:03,553 ♪ Mwah ♪ 1942 01:35:05,305 --> 01:35:06,765 Hurry up, dick, it's cold. 1943 01:35:07,432 --> 01:35:09,225 I can't believe you're my brother. 1944 01:35:09,309 --> 01:35:10,769 You look like a fucking Ninja Turtle. 1945 01:35:10,852 --> 01:35:12,437 - Ready? - Yup. 1946 01:35:13,271 --> 01:35:14,689 - Set... What? - Fuck you! 1947 01:35:14,773 --> 01:35:15,607 Kevin! 1948 01:35:15,690 --> 01:35:17,901 ["Seven Nation Army" playing] 1949 01:35:17,984 --> 01:35:18,943 C'mon, Kitty! 1950 01:35:19,027 --> 01:35:21,029 [thunder rumbles] 1951 01:35:29,537 --> 01:35:31,665 ♪ I'm gonna fight 'em off ♪ 1952 01:35:32,999 --> 01:35:36,836 ♪ A seven nation army Couldn't hold me back ♪ 1953 01:35:37,379 --> 01:35:39,381 ♪ They're gonna rip it off ♪ 1954 01:35:40,924 --> 01:35:44,886 ♪ Takin' their time right behind my back ♪ 1955 01:35:44,969 --> 01:35:50,433 ♪ And the message comin' from my eyes Says, "Leave it alone" ♪ 1956 01:36:24,634 --> 01:36:26,845 ♪ Don't want to hear about it ♪ 1957 01:36:28,471 --> 01:36:31,933 ♪ Every single one's got a story to tell ♪ 1958 01:36:32,600 --> 01:36:34,561 ♪ Everyone knows about it ♪ 1959 01:36:36,146 --> 01:36:39,649 ♪ From the Queen of England To the Hounds of Hell ♪ 1960 01:36:40,316 --> 01:36:45,405 ♪ And if I catch it comin' back my way I'm gonna serve it to you ♪ 1961 01:36:48,450 --> 01:36:53,163 ♪ And that ain't what you want to hear But that's what I'll do ♪ 1962 01:36:55,999 --> 01:37:01,337 ♪ And the feelin' comin' from my bones Says, "Find a home" ♪ 1963 01:37:51,346 --> 01:37:53,348 ♪ I'm goin' to Wichita ♪ 1964 01:37:54,974 --> 01:37:58,353 ♪ Far from this opera forevermore ♪ 1965 01:37:59,103 --> 01:38:01,147 ♪ I'm gonna work the straw ♪ 1966 01:38:02,649 --> 01:38:06,319 ♪ Make the sweat drip out of every pore ♪ 1967 01:38:07,070 --> 01:38:12,242 ♪ And I'm bleedin' and I'm bleedin' And I'm bleedin' right before the Lord ♪ 1968 01:38:14,911 --> 01:38:19,958 ♪ All the words are gonna bleed from me And I will think no more ♪ 1969 01:38:22,669 --> 01:38:27,632 ♪ And the stains comin' from my blood Tell me, "Go back home" ♪ 1970 01:38:45,942 --> 01:38:46,943 [song ends] 1971 01:38:47,026 --> 01:38:50,029 ["You Make Me Wanna Purr" playing] 1972 01:38:50,113 --> 01:38:52,657 ♪ You make me wanna You make me wanna ♪ 1973 01:38:53,700 --> 01:38:54,909 ♪ You make me wanna ♪ 1974 01:38:57,537 --> 01:39:00,331 ♪ You make me wanna You make me wanna ♪ 1975 01:39:01,165 --> 01:39:02,625 ♪ You make me wanna ♪ 1976 01:39:05,169 --> 01:39:08,089 ♪ You make me wanna You make me wanna ♪ 1977 01:39:08,756 --> 01:39:10,258 ♪ You make me wanna ♪ 1978 01:39:26,399 --> 01:39:27,609 ♪ You make me wanna ♪ 1979 01:39:33,364 --> 01:39:34,824 ♪ You make me wanna ♪ 1980 01:39:35,867 --> 01:39:38,786 ♪ You make me wanna You make me wanna ♪ 1981 01:39:39,454 --> 01:39:40,914 ♪ You make me wanna ♪ 1982 01:39:43,249 --> 01:39:46,669 ♪ You make me wanna You make me wanna ♪ 1983 01:39:47,462 --> 01:39:48,713 ♪ You make me wanna ♪ 1984 01:40:06,731 --> 01:40:09,651 ♪ You make me wanna You make me wanna ♪ 1985 01:40:10,610 --> 01:40:11,694 ♪ You make me wanna ♪ 1986 01:40:14,238 --> 01:40:17,408 ♪ You make me wanna You make me wanna ♪ 1987 01:40:18,034 --> 01:40:19,327 ♪ You make me wanna ♪ 1988 01:40:21,245 --> 01:40:24,999 ♪ You make me wanna You make me wanna ♪ 1989 01:40:25,833 --> 01:40:27,210 ♪ You make me wanna ♪ 1990 01:40:40,723 --> 01:40:42,350 ♪ You make me wanna ♪ 1991 01:40:48,690 --> 01:40:49,816 ♪ You make me wanna ♪ 1992 01:40:50,900 --> 01:40:53,861 ♪ You make me wanna You make me wanna ♪ 1993 01:40:54,654 --> 01:40:55,905 ♪ You make me wanna ♪ 1994 01:40:58,074 --> 01:41:01,536 ♪ You make me wanna You make me wanna ♪ 1995 01:41:02,370 --> 01:41:03,496 ♪ You make me wanna ♪ 1996 01:41:03,579 --> 01:41:04,580 [song ends] 1997 01:41:04,664 --> 01:41:07,667 [dramatic music playing] 162467