Sam Bankman-Fried, CEO and founder of FTX, describes what happened between the Subreddit Wall Street Bets and hedge funds around the stock of GameStop this week. In this episode, he covers:
  what happened with the stock of video game retailer GameStop this week
 what that says about how to value a stock
 how the traditional financial establishment reacted
 how the events in GameStop this week are similar to the way crypto markets operate
 how a crypto financial system could affect the ability of investors to do what the hedge funds did with GameStop — shorting more shares of the stock than actually exist
 what led to FTX listing for tokenized versions of GameStop, Blackberry, AMC and Nokia, as well as a tokenized index fund of Wall Street Bets stocks
 how the tokenized stocks and index work on the back end
 why Robinhood restricted customers from purchasing shares in GameStop on Thursday
 what the inspiration was for FTX
   
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 Episode links:
 Sam Bankman-Fried: https://twitter.com/SBF_Alameda
 FTX: https://ftx.com
  
 Roundups of what happened with Gamestop: 
 NYT:  https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html
 Vox:  https://www.vox.com/the-goods/22249458/gamestop-stock-wallstreetbets-reddit-citron
 Early Wired story:  https://www.wired.com/story/gamestop-stock-wall-street-bets-short-squeeze/
 NYT analysis:  https://www.nytimes.com/2021/01/28/technology/gamestop-stock.html
  
 Sam on what can determine an asset’s price:  https://twitter.com/SBF_Alameda/status/1354790766313234432?s=20
  
 Chamath Palihapitiya on CNBC discussing Gamestop — defending individual investors:  https://www.cnbc.com/2021/01/27/chamath-palihapitiya-closes-gamestop-position-but-defends-individual-investors-right-to.html
 Videos:  https://www.cnbc.com/video/2021/01/27/investor-chamath-palihapitiya-the-gamestop-story-is-pushback-against-wall-street-establishment.html
  https://www.cnbc.com/video/2021/01/27/billionaire-investor-chamath-palihapitiya-on-gamestop-surge-and-rise-of-retail-investors.html
  
 Gamestop price gyrations:  https://www.cnbc.com/2021/01/28/gamestop-reverses-losses-and-surges-another-30percent-in-the-premarket-to-450-as-mania-continues.html 
  
 How many shares of GME are shorted: https://isthesqueezesquoze.com
  
 FTX lists GME for tokenized spot and futures trading:  https://www.theblockcrypto.com/linked/92756/ftx-lists-gme-stock-for-tokenized-spot-futures-trading
  
 FTX’s Wall Street Bets tokenized index fund:  https://twitter.com/SBF_Alameda/status/1354790817060143114?s=20
  
 Robinhood customers only being able to sell, not buy GME when Robinhood’s revenue biggest revenue source is sending order flow to hedge funds:  https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html
  
 Matt Levine of Bloomberg on GameStop:  https://www.bloomberg.com/opinion/article

Why the GameStop Insanity Is So Similar to Crypto - Ep.162

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