Social Capital CEO Chamath Palihapitiya praises Redditors for buying Gamestop

Mark Frauenfelder 3:59 pm Wed Jan 27, 2021

This is good TV pic.twitter.com/mSnTIWfT5p
— Alex Kantrowitz (@Kantrowitz) January 27, 2021

Chamath Palihapitiya talks about war between WallStreetBets and Hedge Funds on Wall Street ~ CNBC pic.twitter.com/KavBtwsy9p
— Bull Investment (@BullInvestPR) January 27, 2021

Chamath Palihapitiya, CEO of Social Capital, was on Scott Wapner's Fast Money: Halftime Report on CNBC to defend Robinhood and Redditor's buying up of Gamestop stock and spoiling the plans of market-manipulating hedge fund short sellers. Wapner thinks it's an outrage but Palihapitiya points out that "so-called momentum trading" is regularly practiced by quant traders and no one blinks an eye. It's only when non-one-percenters do it (and when it hurts the one-percenters) that it suddenly becomes a catastrophe that must be stopped.

GameStop turns a profit for the first time in 2 years

A recent earnings report released by Gamestop has, well, reported that they earned a profit of $48 million last quarter. This is, comparatively, quite a step up from their net… READ THE REST
Colbert congratulates all the new Reddit millionaires

After tearing GOP losers apart, Colbert gives an awesome explainer of the Gamestop stock shock. READ THE REST
On Twitter, many follow @robinhood en masse not realizing it's The Robin Hood Society of Sherwood, UK

Ah, yes, another case of mistaken social media handle identity. The World Wide Robin Hood Society, based in the heart of Sherwood, Nottingham, England, has a bunch of new followers… READ THE REST
The world's smallest portable vinyl player makes an extraordinary gift, and it's nearly $20 off

TL;DR: Enjoy your fave vinyl records anywhere with the RokBlok 2.0 for only $79.97 (Reg. $99), saving nearly $20, until 11:59 PM on 12/17. Order through 12/7 to get on-time delivery by Christmas.… READ THE REST
Give the gift of a reliable charge with the monster KODA PowerStation, now 30% off!

TL:DR; Give the gift of preparedness with the monster KODA PowerStation with wireless charging, now just $59.99, 30% off its regular price. Just be sure to order yours before 12/7 to ensure… READ THE REST
This Japanese Knife Set is the perfect holiday gift – get it now with free shipping for much less

TL;DR: Looking for the perfect gift for the chef in your life? Consider one of these elegant knife sets, on sale now. While the Seido™ Japanese Master Chef's 5-Piece Knife Set… READ THE REST