David Sacks perfectly summarizes the Robinhood debacle

i mean the effects of that decision they made to stop trading and specifically they didn't stop people from selling they only stopped people from buying so they shut down one side of the trade and the effect of that was we had these hedge funds from wall street they were on the ropes right i mean let's discuss who these guys are these are the apex predators of wall street they are in the business of shorting companies to destroy them i mean that is their business model and they are not academic traders okay who are just speculating on outcome they engineer the outcome right look

at their tactics just watch the show billions right they hire pr people they hire private investigators they're participating on these message boards spreading disinformation look at the the year of hell that elon went went through right they tried to destroy like five years yeah yeah exactly they try to destroy uh companies to engineer that outcome they create nothing they're in the business of of of destruction now the beautiful thing is you had these reddit kids these pirates who published this manifesto right on reddit basically being the heirs to occupy

wall street they recognize look occupying like a like a physical space does nothing to these guys we are going to hurt them where accounts in their pocketbook we are going to get together and we're going to basically create a trade mob that's even bigger than their cartel and they did they got 2.7 million people taking the other side of this trade and then when the hedge funds doubled down they said [ __ ] you we're gonna double we're gonna triple down and the guy on reddit said listen he uh paraphrasing john maynard kane said we can be [ __ ] longer than you can be solvent and they were

winning that was what they said right and they were winning the trade okay and melvin was dead busted and citroen was on his way to being dead busted and they had to go to big papa stevie cohn okay and ken griffin to get to get their rebuys to buy their revised to get back into the game okay and then they had these guys on the ropes they had them felted okay and then what happens just at the moment where they're gonna like basically bust them out of the game for good robin hood shuts down the buy side of the trade and so what does that do it gives these hedge

funds time to regroup to unspool the trade to reposition and save themselves and to get out of the trade if they want to get out of the trade you can never take that 24 hour time period back no matter what robin hood does now hey everyone hey everyone welcome to the all-in-one these are really big numbers is spread the opportunity that that technology represents we're probably going to have four kardashians on there so four besties on there