DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market
- Jun 7, 2024
- 1:25:26
- Full Episode
(0:00) Besties intros! (2:10) Responding to recent media coverage (17:58) DOJ/FTC strike deal to target Nvidia, OpenAI, and Microsoft (32:40) Meme stocks are back: Keith Gill aka Roaring Kitty resurfaces, disclosing nine figure position in GameStop (58:36) Citadel and BlackRock back TXSE to take on NYSE and Nasdaq (1:02:34) Apple to announce OpenAI iPhone deal at WWDC (1:09:07) Science Corner: Alarming ocean temps continue, what to expect for hurricane season
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Referenced in the show: https://www.youtube.com/watch?v=dQQhAg0mfF8 https://x.com/vkhosla/status/1769529054955446533 https://x.com/vkhosla/status/1796293773389127987 https://x.com/shaunmmaguire/status/1796415146077954329 https://x.com/DavidSacks/status/1798100723617698097 https://x.com/SawyerMerritt/status/1798779830521000426 https://www.nytimes.com/2024/06/05/technology/nvidia-microsoft-openai-antitrust-doj-ftc.html https://www.wsj.com/tech/ai/ftc-opens-antitrust-probe-of-microsoft-ai-deal-29b5169a https://companiesmarketcap.com https://www.youtube.com/watch?v=F9cO3-MLHOM https://www.politico.com/news/2024/05/29/newsom-california-artifical-intelligence-regulations-00160519 https://www.reddit.com/user/DeepFuckingValue https://www.wsj.com/finance/regulation/e-trade-considers-kicking-meme-stock-leader-keith-gill-off-platform-f2003ec4 https://x.com/TheRoaringKitty/status/1789807772542067105 https://www.google.com/finance/quote/GME:NYSE https://www.youtube.com/watch?v=M-VO6dtFRes https://www.wsj.com/finance/regulation/keith-gills-gamestop-trades-pose-conundrum-for-market-cops-70cc5301 https://www.macrotrends.net/stocks/charts/GME/gamestop/revenue https://www.wsj.com/finance/stocks/gamestop-burned-andrew-left-in-2021-hes-betting-against-the-stock-again-4377cecb https://www.nytimes.com/2022/05/18/business/melvin-capital-gamestop-short.html https://www.instagram.com/tim.naki/reels https://www.wsj.com/finance/regulation/new-texas-stock-exchange-takes-aim-at-new-yorks-dominance-e3b4d9ba https://listingcenter.nasdaq.com/assets/Board%20Diversity%20Disclosure%20Five%20Things.pdf https://www.bloomberg.com/news/articles/2024-06-05/why-is-apple-aapl-teaming-up-with-openai-both-companies-need-each-other https://x.com/leonsimons8/status/1793319395080520036
Brief Summary
The episode discusses political shifts in Silicon Valley, AI regulations, and the resurgence of GameStop, featuring insights from the hosts.
Key points
- Fundraiser Controversy. Venod Costa's fundraiser for Biden sparks debate about political labels and empathy.
- The Future of Media. The hosts reflect on how podcasts are reshaping political discussions and media influence.
- Nvidia Surpasses Apple. Nvidia briefly became the largest market cap company in tech, surpassing Apple.
- Political Implications for Innovation. Critique of the Democratic party's stance on innovation and its impact on Silicon Valley.
- Market Manipulation or Meme Stocks?. Discussion on the implications of meme stocks and market manipulation.
- The Rise of Social Betting. Exploration of social betting phenomena and its impact on online gambling.
Episode highlights
- Fundraiser ControversyVenod Costa's fundraiser for Biden sparks debate about political labels and empathy.“Labeling millions of Americans as lacking empathy is offensive.”3:45Jun 7, 2024
- The Future of MediaThe hosts reflect on how podcasts are reshaping political discussions and media influence.“Podcasts will frame elections and fill a media vacuum.”8:10Jun 7, 2024
- Nvidia Surpasses AppleNvidia briefly became the largest market cap company in tech, surpassing Apple.“This is pretty crazy what we've seen with Nvidia.”19:34Jun 7, 2024
- Political Implications for InnovationCritique of the Democratic party's stance on innovation and its impact on Silicon Valley.“It's mindboggling that the Democrats can't field a candidate that aligns with what Humanity wants.”28:21Jun 7, 2024
- Market Manipulation or Meme Stocks?Discussion on the implications of meme stocks and market manipulation.“If he was one of those major hedge funds, I doubt anyone would be asking these questions.”39:01Jun 7, 2024
- The Rise of Social BettingExploration of social betting phenomena and its impact on online gambling.“This guy went out and he basically bet 10 cents in online Blackjack!”47:01Jun 7, 2024
- The Dangers of Synthetic Short SellingA deep dive into the risks associated with synthetic short selling in the stock market.“How could it be that 140 shares are sold short?”55:46Jun 7, 2024
- Texas Stock Exchange EmergesA new stock exchange backed by Black Rock and Citadel aims to challenge the NYSE and NASDAQ.“This exchange is pitching itself as a CEO friendly and the anti-woke exchange.”59:24Jun 7, 2024
