傻钱 Dumb Money(2023)(EN)Subtitles
| SRT Subtitles download |
1 00:00:15 [ethereal music playing]
2 00:01:11 [man 1] So, I'm here.
3 00:01:13 - And, I do not see anything happening.- [man 2 on speaker] Right.
4 00:01:17 - Right.- At all.
5 00:01:19 Look, I'm very sorry, sir.
6 00:01:20 Guess what I'm trying to understand is,what is the reason for this delay exactly?
7 00:01:24 - Yeah. Mr. Plotkin, I'm so sorry.- Specifically.
8 00:01:26 - But it's just that when we set out...- Yeah, we closed in November.
9 00:01:29 We had all the permit applications inbefore the end of the year.
10 00:01:32 Right. Once we getthe final stamp of approval.
11 00:01:33 And we can't get the trucks herea little early?
12 00:01:35 - Just, you know, get 'em started.- Miami Beach ordinances...
13 00:01:37 - won't let me do that.- Is anyone actually...
14 00:01:38 - ...enforcing those regulations?- Look, Mr. Plotkin,
15 00:01:40 I know that you're eager to move in. Okay.
16 00:01:42 - Once we get the final stamp of approval.- No.
17 00:01:44 - You're gonna be the first...- One second.
18 00:01:45 Sure.
19 00:01:47 Hello?
20 00:01:48 [man groaning]
21 00:01:49 [groans] You see what's going on at GME?
22 00:01:53 [Gabe] There's more of these idiots?
23 00:01:54 ...the short sellers, now they're gettingcreamed by the little guy...
24 00:01:57 A lot more.
25 00:01:58 [Gabe] They won't hold much longer.
26 00:02:00 Go away.
27 00:02:02 Oh Gabe, honey, they're holding.
28 00:02:05 It just crossed a hundred.
29 00:02:07 Gabe, where are you?
30 00:02:10 Fuck!
31 00:02:11 You should probably dial in.
32 00:02:13 Yeah, be on in one sec.
33 00:02:14 ["WAP" playing]
34 00:02:16 ♪ There's some whores in this house ♪
35 00:02:18 - ♪ I said, certified freak ♪- ♪ Hold up! ♪
36 00:02:21 ♪ Seven days a week ♪
37 00:02:22 ♪ Wet-ass pussyMake that pull-out game weak ♪
38 00:02:26 - ♪ Whoo! Yeah, yeah ♪- ♪ There's some whores in this house ♪
39 00:02:29 ♪ Yeah, you fuckingWith some wet-ass pussy... ♪
40 00:02:31 I will tell you I've never seenanything like it. I'm concerned about it.
41 00:02:34 I'm calling it the ultimate short squeeze.
42 00:02:36 You can lose money to infinity.
43 00:02:38 It's very different, more highly leveragedgame on the other side.
44 00:02:42 ♪ Put this pussy... ♪
45 00:02:43 Holy fucking shit.
46 00:02:44 ♪ Like a credit card... ♪
47 00:02:45 Right now we're gonna talk about GameStop.Those shares...
48 00:02:48 - are nonstop earning of about 130% today.- Holy fucking shit!
49 00:02:52 - Holy shit!- What the...
50 00:02:53 ...fuck!
51 00:02:55 ♪ Let's role play, I'll wear a disguise ♪
52 00:02:56 ♪ I want you to park that big Mack truckRight in this little garage ♪
53 00:02:59 - Holy shit.- [song stops]
54 00:03:00 - Yes. Hello?- [man] Great news, Mr. Plotkin.
55 00:03:02 I think we'll be able to get youinto your new home
56 00:03:04 a little sooner than I actually thought.
57 00:03:05 I think we're havingsome sort of miscommunication here.
58 00:03:08 Because I'm not tryingto move into that house.
59 00:03:09 I'm trying to tear that house downso I can build a tennis court
60 00:03:12 for me and my family to playduring the pandemic.
61 00:03:14 - I see.- I thought it would be very simple.
62 00:03:15 Apparently, it isn't becausethe pandemic is almost over
63 00:03:17 - and there's no tennis court.- Okay, Mr. Plotkin.
64 00:03:19 Thank you for your time.
65 00:03:20 Yes, what? Hello?
66 00:03:22 Hi, it's Ken Griffin.
67 00:03:31 Hi there, Ken, how are you?Great to hear from you.
68 00:03:34 Do you have a minute?
69 00:03:35 [call waiting beeping]
70 00:03:37 I, uh...
71 00:03:39 Um...
72 00:03:40 I gotta call you right back.If that's okay. I'm so sorry.
73 00:03:44 - Sure.- Okay, great.
74 00:03:46 Hi. What's happening right now?
75 00:03:48 It looks like there's one guydriving all the buying.
76 00:03:51 What... what... what guy?
77 00:03:52 ["WAP" resumes]
78 00:03:53 [Steve]I believe his name is "Roaring Kitty."
79 00:03:55 ♪ There's some whores in this house ♪
80 00:03:57 ♪ Yeah, you fuckingWith some wet-ass pussy... ♪
81 00:03:59 [Steve] Oh, wait, or...
82 00:04:01 ♪ This wet-ass pussy... ♪
83 00:04:02 [Steve] "Deep Fucking Value."
84 00:04:04 [Gabe] "Roaring Kitty"or "Deep Fucking Value." What?
85 00:04:08 He's "Roaring Kitty" on YouTubeand "Deep Fucking Value" on Reddit.
86 00:04:11 [Gabe] Both? He couldn't pick one name?
87 00:04:14 [Steve] I don't know. I love this guy.
88 00:04:15 ♪ That's some wet-ass pussy ♪
89 00:04:17 ♪ Macaroni in a pot ♪
90 00:04:19 ♪ That's some wet-ass pussy
91 00:04:21 - ♪ Ha ♪- ♪ There's some whores in this house... ♪
92 00:04:23 Who is this schmuck?
93 00:04:24 [Steve]I don't know, but I think I just came.
94 00:04:26 [song stops]
95 00:04:27 [cash register chimes]
96 00:04:30 [pensive music playing]
97 00:04:52 [man speaking indistinctly over PA]
98 00:05:29 [music fades]
99 00:05:31 - Uh, Ruby... Ruby, right?- Yeah.
100 00:05:34 - Can I get a couple of Heinies, please?- Uh, one. Sorry, uh...
101 00:05:37 - I'm gonna have a...- What? What's wrong with a Heinie?
102 00:05:39 Drinking it since we were 17!
103 00:05:41 Hey, drink what you like. No judgment.
104 00:05:43 Uh, you have a Hamm's?
105 00:05:45 - I'll have one of those.- The fuck did you just order?
106 00:05:47 Oh, it's a nice one outta Milwaukee.Good quality.
107 00:05:50 - Fifty cents a can before markup.- C'mon, Kitty. Forget about price.
108 00:05:53 Get him a Heineken, thank you.
109 00:05:54 - It's on me.- Thanks, man.
110 00:05:56 Thank you, that's nice.I'll have a Hamm's.
111 00:05:59 So a Heineken and a Hamm's?
112 00:06:00 Thank you.
113 00:06:01 Please.
114 00:06:02 Thank you, Ruby.
115 00:06:04 [people chattering indistinctly]
116 00:06:09 How you been, man?
117 00:06:10 The whole Sara thing.
118 00:06:13 Oh, yeah. Okay, uh...
119 00:06:16 Up and down.
120 00:06:18 Yeah.
121 00:06:21 - How's your asshole brother?- Still an asshole.
122 00:06:22 - Okay.- Yeah.
123 00:06:25 - Keeping busy at least?- Uh...
124 00:06:26 Got the day job at MassMutual.Working on my portfolio.
125 00:06:29 That's the last thing you should beworrying about right now.
126 00:06:32 Why? It's a... It's a good distraction.
127 00:06:34 Lemme take that over for you.
128 00:06:36 We got thousands of analysts at B of A
129 00:06:37 - that do just this. C'mon, Kitty.- All good, man. Thank you.
130 00:06:40 You should be focused on your familyright now.
131 00:06:41 Not fucking around with penny stocks.
132 00:06:43 They're not all penny stocks.GameStop isn't a penny stock.
133 00:06:45 GameStop?
134 00:06:47 - Dude...- You used to love GameStop!
135 00:06:48 - Yeah, then I grew up.- Well, I think it's undervalued.
136 00:06:52 I just sold off a bunch of other shitto double down.
137 00:06:54 How much are we talking? A grand?
138 00:06:56 - Fifty.- Bucks?
139 00:06:57 Grand.
140 00:06:58 53 grand.
141 00:06:59 [laughs] Yeah.
142 00:07:06 Kitty...
143 00:07:09 - Man, you don't even own a house.- It's got a ton of short interest,
144 00:07:11 - You got a one-year-old.- which is artificially pushing...
145 00:07:13 - Jesus, bro.- the price down.
146 00:07:14 - You never bet against Wall Street!- Wall Street gets it wrong all the time.
147 00:07:17 - Look at '08.- That was a one-off, Kitty.
148 00:07:18 These guys, they have all the money
149 00:07:20 and the fancy degreesand the political juice in the world,
150 00:07:22 - and they get it wrong all the time.- Are you out of your fucking mind?
151 00:07:24 They've got the advantage,and they still get it wrong.
152 00:07:29 No, gimme that, I'm drinking it.Even if it's 50 cents.
153 00:07:31 It's 4 bucks.
154 00:07:32 Well, my man just spent 53Kon a penny stock.
155 00:07:34 So, all he can afford is water.
156 00:07:36 - You're a Wall Street guy?- Very much no.
157 00:07:39 I'm a Wall Street guy.
158 00:07:40 What was the stock?
159 00:07:43 GameStop.
160 00:07:45 The video game store. At the mall.
161 00:07:47 - You really bought $53,000 of it?- Yeah, I don't believe it.
162 00:07:50 I think he's fucking with us.You're fucking with us, right?
163 00:07:52 You don't even have 50 grand.
164 00:07:54 Let's see.
165 00:07:58 [Ruby] Oh, shit.
166 00:08:01 How is she falling for this?How are you falling for this?
167 00:08:03 He won't spend 5 bucks for a beer,
168 00:08:05 but he'll put 50k in a stockthat you think is a joke.
169 00:08:09 And that's interesting to you?
170 00:08:11 Yeah.
171 00:08:13 It is.
172 00:08:21 Drink your shitty beer.
173 00:08:22 [pensive music playing]
174 00:08:30 [door opens]
175 00:08:32 [Keith] Hey!
176 00:08:33 [woman] Hey!
177 00:08:36 Bedtime's already done?
178 00:08:38 Yeah, she was exhausted.She skipped her nap.
179 00:08:43 - How was Briggsy?- Uh...
180 00:08:44 Good. Yeah.
181 00:08:49 [faucet running]
182 00:08:54 You guys talk about Sara?
183 00:08:58 [Keith] Uh...
184 00:09:02 Do you wanna sit down a minute?
185 00:09:04 I'll feel better if I finish these first.
186 00:09:06 [music fades]
187 00:09:07 [Caroline] No, you won't.
188 00:09:35 Do you think I'm insane?
189 00:09:36 Yeah.
190 00:09:38 Sorry. About what?
191 00:09:41 GameStop.
192 00:09:42 The most compellingasymmetric opportunity in the market?
193 00:09:47 - What, did Briggsy make you jumpy?- A little.
194 00:09:49 - What was his argument?- He didn't have one.
195 00:09:52 - Well.- He just said it was a reckless bet.
196 00:09:54 He said "you're putting your moneyin the next Blockbuster."
197 00:09:57 Enough. Fuck Briggsy.
198 00:09:57 Babe, you literally know more aboutthis damn company than you know about me.
199 00:10:01 It's true.
200 00:10:02 And because of you, I know more aboutthis company than I know about myself.
201 00:10:05 But what if I'm missing something?We can't afford to miss something.
202 00:10:10 It's all our savings.
203 00:10:13 Go do a video.
204 00:10:15 I can finish these first. I'm happy to...
205 00:10:17 Go see what the nerds have to say.
206 00:10:19 Our Wall Street Bets peoplearen't nerds, Caroline.
207 00:10:22 They're gangsters.You make a dumb case and post it,
208 00:10:24 - they'll rip you apart.- Well, then don't make a dumb case.
209 00:10:29 [tense, pensive music playing]
210 00:10:46 Okay, let's see what's new.
211 00:10:50 Oh, there's a share. Okay, here we go.
212 00:10:55 Oh shit.
213 00:11:20 All right...
214 00:11:22 Just check on... See here.
215 00:11:35 Yo, what up, everybody?Roaring Kitty here.
216 00:11:38 Uh, I've done a few of these now,mostly on my investing methodology.
217 00:11:41 Uh, but today I'm gonna try somethinga little different.
218 00:11:44 I appreciate the feedbackyou guys have been leaving me by the way.
219 00:11:47 Uh... Oh! More feedback comin' in hot.
220 00:11:51 "Less cats." Okay. Great.
221 00:11:55 Ah, like I was saying--Uh, what was I saying?
222 00:11:58 Ah, I'm gonna try...
223 00:11:59 Oh, and here's one from Ballz.
224 00:12:02 "Nerd."
225 00:12:03 And nerd is in all capitals.
226 00:12:05 Like, okay, that's kinda mean.But okay, fair.
227 00:12:09 Uh...
228 00:12:10 "Nice shirt, Grandpa"?
229 00:12:12 What? How old do you think I am?
230 00:12:16 You know what?
231 00:12:16 Thanks for the comments.We're gonna come back to them at the end.
232 00:12:20 Here's what I wanna talk about.
233 00:12:22 Uh, I'm gonna pick a stock andtalk about why I think it's interesting.
234 00:12:25 And that stock is...
235 00:12:28 GameStop. Uh...
236 00:12:31 I know it's a polarizing stock
237 00:12:33 and some of you probably gonnatune out of the stream right now
238 00:12:35 when you hear I'm bullish on GameStop.But I am.
239 00:12:38 You can see it is now the biggest positionby far in the Roaring Kitty portfolio.
240 00:12:42 So...
241 00:12:43 yeah, I think everyone else is crazy,and I think I'm right.
242 00:12:46 But I've been wrong plenty of timesin the past. So, uh...
243 00:12:50 So there are a lot of aspects to thisbold thesis, a lot of moving parts,
244 00:12:54 but I boil it downto what I consider the three overs:
245 00:12:56 The digital risks seem to meto be overblown,
246 00:12:59 the negative sentiment is overdone,
247 00:13:00 you can see itwith the huge short interest,
248 00:13:02 and the value is overlooked.
249 00:13:04 Wall Street just doesn't see it.
250 00:13:06 Why?
251 00:13:08 Mr. Market, why?
252 00:13:12 The hedge funds are overlookingthe value in the company
253 00:13:14 just like they overlookthe people who shop there.
254 00:13:17 They assume most people downloadgames online now.
255 00:13:20 But look, 25% of gamersstill buy new discs from GameStop,
256 00:13:24 and 40% buy used games from the store.
257 00:13:27 And the market's kinda forcedmy hand here.
258 00:13:29 What more can I say?I just like the stock.
259 00:13:32 [man yells] Hey!
260 00:13:34 Shit!
261 00:13:36 - Did I wake you?- [Chris] Please stop.
262 00:13:38 Mr. Donaldson, I need you in your bed.
263 00:13:41 Kerin, can you pleasemake sure Mr. Donaldson...
264 00:13:43 [Donaldson] I don't need to go to bed.I need a cup of coffee.
265 00:13:45 We can get you a cup of coffee.Kerin, coffee.
266 00:13:48 [Chris] Oh!
267 00:13:50 Well, isn't that beautiful?
268 00:13:52 [Jenny] Oh shit.
269 00:13:53 [Chris laughs]
270 00:13:54 "100% short GameStop stock (GME)"?
271 00:13:59 It's an investment video.
272 00:14:01 Hey, Jenny, for real,
273 00:14:03 I wouldn't take investment advicefrom a guy in a cat shirt.
274 00:14:06 Oh, okay.Who do you take investment advice from?
275 00:14:09 I don't have investments. And if I did,I'd listen to, like, a banker.
276 00:14:15 Just the way they like it.
277 00:14:17 "They." [laughs] Oh boy. Here we go...
278 00:14:21 Just never mind.
279 00:14:22 No, no, no, please tell me.
280 00:14:23 I'm dying to know what Luke Wilsonfrom The Royal Tenenbaums
281 00:14:27 thinks we should dowith our $68,000 a year.
282 00:14:29 Who from what?
283 00:14:30 Ugly Björn Borg.
284 00:14:31 [Jenny] Okay, fine.
285 00:14:33 Wall Street is bettingthat this company is gonna fail.
286 00:14:36 It's called shorting.
287 00:14:37 And if it fails, well,then everybody loses their job,
288 00:14:41 but these hedge fund assholesmake a shit ton of money.
289 00:14:44 It's bullshit. It's a bullshit wayfor rich people to get richer.
290 00:14:48 How did you even find this guy?
291 00:14:49 70,000 people have watched this video.
292 00:14:52 He posts his balance sheetsand everything.
293 00:14:54 Wall Street Bets is going crazy over this.
294 00:14:56 - Who?- It's an Internet forum.
295 00:14:58 [Chris] Uh-huh.
296 00:15:00 - On Reddit.- Now, see. No, no.
297 00:15:01 I'm not gonna do this with you.The last time you brought up Reddit,
298 00:15:04 it was just all these oil paintingsof Donald Trump on horseback.
299 00:15:07 - You liked it.- Detestable.
300 00:15:08 - Look.- Okay, yeah. Let's take a look.
301 00:15:11 Um...
302 00:15:13 "Shit's not a pump-and-dump
303 00:15:15 if it never dumps, you fuckheads..."
304 00:15:19 "Feed me your tears,I use it as anal lube on your wives."
305 00:15:23 Why did you go to that one?
306 00:15:24 [Chris]Oh! Oh! Oh! "Strap on ur theta dildo
307 00:15:27 - n start pounding."- Okay. Yes, that shit exists on here.
308 00:15:31 But I also learned the difference betweena delta squeeze and a gamma squeeze.
309 00:15:35 And now everyoneis talking about call options.
310 00:15:37 Jenny, baby,you're never gonna find a man on there.
311 00:15:41 [sighs]
312 00:15:42 And you're never gonna date Puff Daddy.
313 00:15:44 First of all, no one has said Puff Daddysince the '90s
314 00:15:47 and second of all, this isn't Puff Daddy.
315 00:15:50 This is Loop Daddy.
316 00:15:52 Okay, well, whatever Daddy he's called,he's weird looking.
317 00:15:56 Hey, well, my guy has, what,5 million TikTok followers.
318 00:15:59 - How many does yours have?- I don't know.
319 00:16:01 Quick scroll. 412.
320 00:16:03 - Who cares?- The Internet at large.
321 00:16:06 But hey. Least I aim high.
322 00:16:09 - I aim high.- [Chris laughs]
323 00:16:12 ["21" playing]
324 00:16:19 ♪ 21 bands for the age of 21 ♪
325 00:16:23 ♪ I'mma flip the funds upThen I cop the Chevy truck ♪
326 00:16:26 ♪ Buy her what she wantAnd you know she show me love ♪
327 00:16:29 ♪ Then I roll it upThen I roll it up ♪
328 00:16:32 ♪ Motherfuckers wanna hate meAnd shame me ♪
329 00:16:36 ♪ Motherfuckers wanna drain meCobain me ♪
330 00:16:39 ♪ All these bitches trying to chain meAnd blame me ♪
331 00:16:42 ♪ Motherfuckers wanna change meAnd hate me ♪
332 00:16:46 [Keith on video]What up, everybody? Roaring Kitty here.
333 00:16:48 Yo! Yo! Yo! This price action,gettin' kind of ridiculous, am I right?
334 00:16:53 Let's see what happens.See what happens at the end of the week.
335 00:16:56 But it's all aboutthe trend staying intact.
336 00:16:58 But this, this looks sick.
337 00:17:01 [wheels clacking]
338 00:17:03 Morning, Marcos!
339 00:17:05 [Marcos] Shit... Yo, what's... Hey, Brad.
340 00:17:15 Yo, um, I was wonderingif could I get an advance on my pay?
341 00:17:20 [Brad] I can run it up the chain,
342 00:17:21 but with all the cutbacks,that's unlikely.
343 00:17:25 Oh, hey! You could dothe employee TikTok contest.
344 00:17:27 You do a lip sync,you can win 10 labor hours.
345 00:17:29 [Marcos] Yeah, man, totally.
346 00:17:32 That's dope. I was thinkin' "Savage."
347 00:17:36 Yeah. Yeah, sure, I love it.
348 00:17:38 Or yo, that Drake one with Lil Durk.
349 00:17:42 That's a great one too.
350 00:17:43 Because I know you love Lil Durk.
351 00:17:46 - C'mon.- [Brad scoffs]
352 00:17:47 No, I'm gonna do Megan Thee Stallion.For sure, for sure, for sure.
353 00:17:49 ♪ I'm a savage ♪
354 00:17:51 ♪ Classy, bougie, ratchet ♪
355 00:17:53 ♪ Sassy, moody, nasty ♪
356 00:17:56 Okay, mask! Mask.
357 00:17:59 Sorry.
358 00:18:01 ♪ Acting stupid, what was happening? ♪
359 00:18:04 ♪ What's happening? I'm a savage ♪
360 00:18:06 Huh, A+ man. You're a shoo-inwith moves like that.
361 00:18:09 [Marcos]Yo, you think so for real, though?
362 00:18:12 That's sweet, real.
363 00:18:14 Ten labor hours.
364 00:18:16 Damn, it's like Christmas came early!
365 00:18:20 I'm pullin' for ya!
366 00:18:21 Thanks, man.
367 00:18:22 ["Savage" playing]
368 00:18:25 ♪ I'm that bitch ♪
369 00:18:26 ♪ I'm that bitchHey ♪
370 00:18:28 ♪ I'm the hood Mona LisaBreak a nigga into pieces ♪
371 00:18:31 ♪ Had to X some cheesy niggasOut my circle like a pizza ♪
372 00:18:34 ♪ I'm way too exclusiveI don't shop on Insta' boutiques... ♪
373 00:18:38 ♪ ...only fit fake booties ♪
374 00:18:40 ♪ Fuck cash shit ♪
375 00:18:41 ♪ Talking cash shit ♪
376 00:18:42 ♪ Pussy like waterI'm unbothered and relaxing ♪
377 00:18:45 Mmm! Fries.
378 00:18:45 ♪ I would never trip on a niggaif I had him ♪
379 00:18:48 ♪ Bitch, that's my trash, you the maidSo you bagged him ♪
380 00:18:51 ♪ I'm a savageClassy, bougie, ratchet ♪
381 00:18:54 No, fuck!
382 00:18:56 ♪ Sassy, moody, nasty... ♪
383 00:18:57 God!
384 00:18:58 Goddamn it! Fuck!
385 00:19:01 But first, cheers! Cheers, everybody.
386 00:19:04 I mean, look. I know we still gota lot of bear takes out there.
387 00:19:07 But as I dive deeper and deeperinto this thing,
388 00:19:09 it's looking increasinglycompelling to me.
389 00:19:10 And then you got the huge short interest.Now, I'm not betting on a short squeeze.
390 00:19:14 I've been saying that the whole time.You guys have been talking about it.
391 00:19:16 Thesis is grounded in fundamentals,but I'm not...
392 00:19:18 But to... I mean, today, I mean, I'm...
393 00:19:19 I mean, it's starting to feela little squeezy, right?
394 00:19:21 Starting to feel a little squeezy. Honk!
395 00:19:22 I mean, hello. Okay!
396 00:19:24 All right, all right. I need a drink.I need a drink.
397 00:19:29 Now. A lot of you are accusing meof talking a big game.
398 00:19:32 - [Caroline] Keith?- But--
399 00:19:33 - [Caroline] Babe, where are you?- Oh... Coming!
400 00:19:37 Duh... I'm on Daddy duty tonight.I'll be right back.
401 00:19:40 ["Stack It" playing]
402 00:19:41 ♪ Stack it, pack itStack it, pack it, trap it ♪
403 00:19:43 ♪ Send it to a rich niggaTell him work his magic ♪
404 00:19:46 ♪ Stack it, pack itStack it, pack it, trap it ♪
405 00:19:49 ♪ Send it to a rich niggaTell him make somethin' happen ♪
406 00:19:52 ♪ I ain't slowin' down for no clown ♪
407 00:19:54 [rings]
408 00:19:55 ♪ Tell him hit the next routeI'm the best out ♪
409 00:19:58 ♪ Work on my confidenceNow my chest out ♪
410 00:20:01 ♪ Pop it and I'm blessed nowThey only love you when you down ♪
411 00:20:04 ♪ I'mma stack it, pack itStack it, pack it, trap it... ♪
412 00:20:09 Okay. There you go.
413 00:20:12 Ooh! Sorry.
414 00:20:15 Quick tendie break.
415 00:20:17 Mmm!
416 00:20:18 Gotta love those tendies.
417 00:20:19 Sweet, sweet tendies.
418 00:20:22 Speaking of tendies.
419 00:20:24 - Look at this. Look at this chart.- [auspicious music playing]
420 00:20:28 We go from four, to six, to seven. Now...
421 00:20:32 ten.
422 00:20:34 Wall Street must be seeing this, right?
423 00:20:37 Or are we just screaming into the void?
424 00:20:39 Hello, Mr. Market. We got tendies too.
425 00:20:43 We got tendies too.
426 00:20:47 Maybe we are.
427 00:20:48 They never saw the, like, 9 billionresumes I sent from 2016 to 2019.
428 00:20:53 Or in 2009,right after I graduated college.
429 00:20:56 I guess they were busywith that whole "market crash" thing then.
430 00:20:59 [car approaching]
431 00:21:01 ["Stack It" blaring from car speakers]
432 00:21:02 ♪ Send it to a rich nigga... ♪
433 00:21:04 - [tires screech]- Fuck!
434 00:21:06 ♪ Stack it-- ♪
435 00:21:07 [engine stops]
436 00:21:11 [groans]
437 00:21:15 Kevin, you son of a bitch!
438 00:21:16 You can't run with a baby.You can't run with a baby!
439 00:21:18 - Don't take my car, man!- I fucked up your seat!
440 00:21:21 There's no gas left.
441 00:21:24 - [cries]- I know.
442 00:21:26 ["Better Man" playing]
443 00:21:27 - ♪ You in the zone ♪- ♪ I can be a better man... ♪
444 00:21:30 [students chatteringand chanting indistinctly]
445 00:21:33 ["Better Man" continues over speakers]
446 00:21:37 How did that taste?
447 00:21:40 Hey-oh, can I put my pants back on?
448 00:21:43 [all] No!
449 00:21:44 "Choose a player and put your handdown their panties for a whole minute."
450 00:21:49 [man 1] Panties, who's got panties?
451 00:21:51 "Two shots if they refuse."
452 00:21:52 - [students laugh]- I mean, I got some panties.
453 00:21:54 - [students groan]- Ew!
454 00:21:56 - [James] Bro.- [students chattering]
455 00:22:00 - [man 1] Hello. [laughs]- [man 2] All right.
456 00:22:04 - All right.- [woman] Hey, girl.
457 00:22:05 You said two shots, right?
458 00:22:07 Oh, c'mon.
459 00:22:08 [students chattering]
460 00:22:10 [Harmony] Fuck, all good.
461 00:22:12 - Can someone start the timer?- I got you. I got you.
462 00:22:14 - [Harmony] Should I just...? Okay.- [Riri] Get in there.
463 00:22:17 - You sure?- Yeah.
464 00:22:19 - [James] Whoa.- [woman whoops]
465 00:22:22 Okay...
466 00:22:24 Hi.
467 00:22:28 - How are you?- [students laugh]
468 00:22:30 Can you shut the fuck up?
469 00:22:32 - Fuck off!- [laughing continues]
470 00:22:35 [Harmony] So what'd you do today?
471 00:22:36 Well, I attended a Zoom seminar
472 00:22:40 during which I watchedtwo hours of TikTok.
473 00:22:46 - [Harmony laughs]- Oh!
474 00:22:47 I, um, purchased three shares of stock.
475 00:22:51 Okay, what stock?
476 00:22:52 - GameStop.- Yo, Roaring Kitty!
477 00:22:55 C'mon. Yes, James.
478 00:22:57 - [students laughing]- Can I please put some pants back on?
479 00:23:00 - [all] No!- Sit down.
480 00:23:01 I'm three days into that shit. Look it.That's just, that's only from today.
481 00:23:04 I don't care.I don't know what the fuck I'm doing.
482 00:23:06 I just know I'm making money.
483 00:23:08 I'm not sold on that.
484 00:23:09 [Riri] It's doubled since summer.
485 00:23:11 And the more people who buy in,the higher it'll go.
486 00:23:13 That sounds like the literal definitionof a pyramid scheme.
487 00:23:17 - That's time.- [man] Bravo!
488 00:23:20 ["You Make Me Wanna Purr"blaring over speakers]
489 00:23:23 ♪ You make me wannaYou make me wanna ♪
490 00:23:28 ♪ You make me wannaYou make me wanna ♪
491 00:23:31 ♪ You make me wanna ♪
492 00:23:35 ♪ You make me wannaYou make me wanna ♪
493 00:23:39 ♪ You make me wanna... ♪
494 00:23:42 Sorry, I have terrible allergies.And a killer headache.
495 00:23:46 Could just be the music comingfrom next door though.
496 00:23:48 You see your buddy Ken's up to57 billion in short positions?
497 00:23:52 Yeah, smart. The economy's in free fall.
498 00:23:55 - Mmm.- [snorts]
499 00:23:58 I honestly can't tellif that was you or Romeo.
500 00:24:00 Very funny.
501 00:24:02 I'm telling you. This is whenthey drag out the guillotines.
502 00:24:06 - You're obsessed with him.- The man is an asshole.
503 00:24:08 He stole five analysts from me.All mediocre by the way.
504 00:24:13 Oh, and two paintings.
505 00:24:14 - What paintings?- A Picasso and a de Kooning.
506 00:24:16 He overpaid 500 million.
507 00:24:18 That is my entire nut from last year.
508 00:24:20 The man is an asshole. Just admit it.
509 00:24:22 You're just bitterhe stole those analysts.
510 00:24:24 You seen Citadel's projected revenue?
511 00:24:26 $7 billion.
512 00:24:28 That's, uh, double last year.
513 00:24:31 Hoovering up all the stimulus checks.
514 00:24:33 - They go straight from the retail traders- Thank you.
515 00:24:35 right into Kenny boy's pockets.
516 00:24:37 The man just gets away with murder.Look at what I just sent you.
517 00:24:49 Is this a video of a man drinkinghis own urine because a stock went up?
518 00:24:52 #1 post on the site.
519 00:24:54 Where did you get this?
520 00:24:55 My analysts sent it to me.
521 00:24:57 They call themselves apes and r-words.Retard, can they say that?
522 00:25:02 Remarkably self-aware. They've hookedinto GameStop for whatever reason.
523 00:25:06 They think it's funny, it seems.
524 00:25:08 I think it's funny.
525 00:25:10 I think they think it's a good investment.
526 00:25:11 Retail traders always lose.
527 00:25:16 We've actually been short GameStopsince 2014.
528 00:25:18 The company is a complete disaster.They've had six CEOs in two years.
529 00:25:24 Guess these guys are ignoringobvious secular market trends.
530 00:25:26 Or they're...the stupidest people on earth.
531 00:25:29 You're shorting more right now,aren't you?
532 00:25:32 600,000 shares, maybe.
533 00:25:35 Dumb money, man.
534 00:25:36 I'm happy to take it.
535 00:25:38 ["You Make Me Wanna Purr"continues blaring outside]
536 00:25:42 Mmm! Mmm-mmm-mmm!
537 00:25:46 Mmm-mmm-mmm!
538 00:25:47 [automated voice] Listen up, retards,
539 00:25:49 Melvin Capital has declared war on GMEby shorting the stock even more.
540 00:25:54 This is our call to activatediamond hands, my fellow warriors.
541 00:25:58 We will not let the gay bears defeat us.We are on a mission to the fucking moon.
542 00:26:03 This is one that is biggerthan your personal gains.
543 00:26:06 More than just tendies for a new Lambo.
544 00:26:09 This is our chance to rise up together.To stick it to the big man.
545 00:26:13 Squeezing Melvin by the fucking balls
546 00:26:15 with the collective powerof diamond handing autists.
547 00:26:19 Wall Street Bets I thought were a bunchof idiots just throwing money at a stock
548 00:26:22 because they thought it was funny.
549 00:26:24 I was wrong.
550 00:26:25 Now I see what Wall Street Bets really is.
551 00:26:28 - It is a revolution.- This is one of those rare moments
552 00:26:31 where Wall Street are the onesgetting screwed over.
553 00:26:33 And when we decide we're hungry,
554 00:26:35 there is very littlethe rich can do to stop us
555 00:26:37 - from beating them.- It's a GameStop to stop the game.
556 00:26:39 - Power to the people.- I'm jerking off right now.
557 00:26:42 Jerking off right now.
558 00:26:43 [automated voice]So welcome aboard, grab your peanuts,
559 00:26:45 and get the fuck in, retard.
560 00:26:47 [Keith] Ho, ho, ho!
561 00:26:49 What up, everybody? Merry Christmas,Happy New Year's, happy holidays. Uh...
562 00:26:55 2020... See ya.
563 00:26:57 2020 has been a very rough yearfor my family too.
564 00:27:00 So this GameStop newshas been a bit of a bright spot.
565 00:27:03 Uh, look at this, I mean, where it's at.
566 00:27:06 It's a five baggerfrom where it was over the summer.
567 00:27:10 You don't often see a thesisplay out like this.
568 00:27:14 So we gotta--
569 00:27:15 We can't take it for granted, right?We gotta appreciate it.
570 00:27:18 Thank you, Santa. Right.
571 00:27:22 Uh, I wanted to say cheers all of you.
572 00:27:25 You're why I'm here in the first place.
573 00:27:28 Uh, it's fun to talk about.I mean, I figure,
574 00:27:31 if I worked at a hedge fund,I'd compare notes with my colleagues.
575 00:27:34 But I don't.I'm stuck at home like you guys. So...
576 00:27:36 Uh, I believe in this stock.
577 00:27:39 And I believe in this community.
578 00:27:42 Um...
579 00:27:43 I'll be honest, uh,it's been kind of a shitty year.
580 00:27:49 Uh, for a lot of people. Lotta peoplelost people the past 12 months. I did too.
581 00:27:54 Uh, my sister, Sara.
582 00:27:56 Uh...
583 00:27:57 [poignant, pensive music playing]
584 00:28:05 I don't talk about it much.
585 00:28:09 But it felt right to tell you.
586 00:28:11 Uh, we've been through so much together.
587 00:28:13 You've made me feel a part of something,something big.
588 00:28:17 So, uh, Merry Christmas. Cheers.
589 00:28:27 [music fades]
590 00:28:33 [keypad beeping]
591 00:28:54 I like your car.
592 00:28:58 It's a classic.
593 00:28:59 - '95.- [man] Yes!
594 00:29:01 Sadly, it's a gas-guzzler.
595 00:29:02 Yeah, yup, this one too.
596 00:29:06 But she's such a beautyI couldn't stand to trade her.
597 00:29:10 '96 Honda Accord?
598 00:29:12 Uh, 2003. Not quite a classic.
599 00:29:16 [chuckles]
600 00:29:23 It's kinda weird to talk to someoneand see their whole face. Right?
601 00:29:27 It's been so long.
602 00:29:30 I... I work at a hospital,you could probably tell.
603 00:29:34 Essential worker.
604 00:29:35 Thank you for everything you do.
605 00:29:37 Oh, you're very welcome.
606 00:29:40 [pump clicks]
607 00:29:43 [pump clacks]
608 00:29:46 [pump receiver clicks]
609 00:29:50 [man] Hey, uh...
610 00:29:52 Have a good night.
611 00:29:55 Cool.
612 00:29:56 Safe travels.
613 00:30:04 [car door closes]
614 00:30:06 [engine starts]
615 00:30:15 [Riri] Remember whenyou were just making fun of me
616 00:30:17 - and now you're literally obsessed.- No, I don't recall.
617 00:30:20 - How much are you up?- 948.
618 00:30:23 Stock dipped a little,it was like 2,000 before Christmas.
619 00:30:26 Maybe you should sell.
620 00:30:30 No. It's not about the money.
621 00:30:32 The stock market is not about the money?
622 00:30:34 No. You just gotta readsome of the stuff on here.
623 00:30:37 Never understood why my dadwas so pissed off about this whole thing,
624 00:30:41 but now I do.
625 00:30:44 I told you about his store, right?
626 00:30:45 Costco?
627 00:30:48 Shopko.
628 00:30:49 It was like, this like...
629 00:30:52 big chain in our area.
630 00:30:54 My dad, he worked his way all the way upfrom bag boy to general manager.
631 00:30:59 Then one of these Wall Street fundscame in, bought it,
632 00:31:01 and vampire-sucked all the money out of itand then declared bankruptcy.
633 00:31:06 Fuck.
634 00:31:08 Yeah.
635 00:31:11 He lost his pension. Everything.
636 00:31:15 It's why he had to work atPick 'n fuckin' Save till the day he died.
637 00:31:18 And now that's whyI'm up to my ass in debt.
638 00:31:22 And these fuckers are trying to dothe same thing to GameStop.
639 00:31:26 Fuck 'em.
640 00:31:29 Fuck 'em all.
641 00:31:52 - [Riri] Wait, look.- Hm?
642 00:31:54 Look at this.
643 00:31:55 - This guy wants to CashApp me $100- Shut the fuck up.
644 00:31:58 to send him a selfie. Or 500if I live chat him from a bubble bath.
645 00:32:02 [Harmony] Yes! Yes, we should do it.
646 00:32:04 - What?- Yes, we do it.
647 00:32:06 And then put the money into GameStop.
648 00:32:09 - Who am I talking to right now?- C'mon, bitch, let's go get a tub.
649 00:32:13 ["Litt" playing]
650 00:32:15 ♪ We got this motherfucker litOn some money shit ♪
651 00:32:17 ♪ Yeah, everybody's shitEverybody's shit, yeah ♪
652 00:32:20 ♪ We got this motherfucker litOn some money shit ♪
653 00:32:23 ♪ Everybody's shitEverybody's shit ♪
654 00:32:25 ♪ Unh, please don't pretend... ♪
655 00:32:27 [woman] Your entire business
656 00:32:28 is kids spending their lunch moneyon random stocks.
657 00:32:30 They come to you because it's free.
658 00:32:32 But if you don't charge a commissionon their trades,
659 00:32:36 how do you make money?
660 00:32:38 [song stops]
661 00:32:39 The idea for Robinhood really came outof the Occupy Wall Street movement.
662 00:32:45 All those peoplewith no way of getting in.
663 00:32:46 Is that what Occupy was about?
664 00:32:49 I mean, were they trying to get in or...
665 00:32:51 So we said, it's not enough to occupy.
666 00:32:54 - We need to democratize Wall Street.- Nat, I'm not sure you know this,
667 00:32:57 but Baiju and I are both immigrants.
668 00:32:58 I was born in Bulgaria,
669 00:33:00 and Baiju's parents immigrated from Indiato the Deep South.
670 00:33:03 Can you imagine growing upin rural Virginia with a name like
671 00:33:07 Baiju Prafulkumar Bhatt? [laughs]
672 00:33:10 We created commission-free tradingso that anyone can get in the game.
673 00:33:13 You don't even need a bank account.People have really responded.
674 00:33:17 We've added 5 million users,uh, in the last six months,
675 00:33:21 - for a total of, um...- Close to 20 at this point. Million.
676 00:33:24 [Nat]So, you're one of these tech companies
677 00:33:26 that's exploded growth-wise,but doesn't make any money.
678 00:33:28 - We make money.- [Nat] But how?
679 00:33:30 - If you don't charge commission then...- From interest on people's accounts.
680 00:33:33 [Nat] But your users are mostly young.
681 00:33:34 So, how much money can theyreally be keeping in their account?
682 00:33:37 There's also payment for order flow.
683 00:33:39 What's that?
684 00:33:40 We prefer the term "stock order routing."
685 00:33:43 When you buy or sell a stock on our app,
686 00:33:45 we send your order to market makers,who process the order.
687 00:33:47 They pay us a tiny rebate on every trade.
688 00:33:50 - Tiny.- But it adds up.
689 00:33:52 We should really get back to how we...started our company.
690 00:33:54 What market maker do you work with?
691 00:33:55 A few. Citadel Securities mostly.
692 00:33:58 Ken Griffin's firm?Isn't that a hedge fund?
693 00:34:00 Well, Ken Griffin's hedge fundis called Citadel.
694 00:34:04 But Citadel Securitiesis a completely different company.
695 00:34:06 Also owned by Ken Griffin?
696 00:34:10 All right,
697 00:34:11 we weren't gonna do this,but we'll give you a scoop.
698 00:34:15 Off the record for now.
699 00:34:17 Okay.
700 00:34:20 We're looking to IPO soon.
701 00:34:23 Damn. Okay.
702 00:34:27 That's big.
703 00:34:28 ["Humble" playing]
704 00:34:29 ♪ Girl, I can buy your ass the worldWith my paystub ♪
705 00:34:32 ♪ Ooh, that pussy goodWon't you sit it on my taste bloods? ♪
706 00:34:36 ♪ I get way too pettyOnce you let me do the extras ♪
707 00:34:39 ♪ Pull up on your block then break it downWe playin' Tetris ♪
708 00:34:42 ♪ AM to the PM, PM to the AM, funk ♪
709 00:34:45 ♪ Piss out your per diemYou just gotta hate 'em, funk ♪
710 00:34:48 ♪ If I quit your BM ♪
711 00:34:50 ♪ Hold upSit down, lil bitch ♪
712 00:34:52 ♪ Be humble, lil bitch... ♪
713 00:34:54 Okay, don't say the bad word.
714 00:34:55 [boy] ♪ Be humble ♪
715 00:34:57 ♪ Sit down ♪
716 00:34:58 ♪ ...be humble... ♪
717 00:35:00 [Marcos] ♪ Sit down, be humble ♪
718 00:35:03 - ♪ Sit down ♪- ♪ Sit down ♪
719 00:35:04 - ♪ ...be humble ♪- ♪ Hold up, lil bitch ♪
720 00:35:06 - ♪ Sit down, be humble ♪- ♪ Sit down, lil bitch ♪
721 00:35:09 - ♪ Bitch, sit down ♪- ♪ Hold up... ♪
722 00:35:11 ♪ Be humble, sit down, lil bitch ♪
723 00:35:13 Kev, please.Your father needs to concentrate.
724 00:35:16 ♪ Well, sit down, lil bitch ♪
725 00:35:17 Drove long-haul for forty years.I don't need to concentrate.
726 00:35:20 - [song stops]- Fine. I need to concentrate.
727 00:35:22 - What do you need to concentrate about?- [gasps]
728 00:35:24 [Steve gasps] What?
729 00:35:26 [Elaine] I thought they were veering overinto our lane.
730 00:35:28 [Steve] Nobody was veering, Elaine.It's okay.
731 00:35:31 [sighs]
732 00:35:34 You talk to any of the girlsat the clinic?
733 00:35:36 A few of them have called.
734 00:35:40 [Elaine sighs]
735 00:35:41 I miss it.
736 00:35:43 Boys, never retire.
737 00:35:45 Keith, never retire.
738 00:35:48 Kevin, if you ever get a job,never retire.
739 00:35:50 I have a job!
740 00:35:51 Yet you still live with Ma and Dad.
741 00:35:53 Oh, you're some big professional nowcuz you're fucking king dork on YouTube?
742 00:35:57 Just one of many dorks.
743 00:35:58 [scoffs] This assholethinks he's Jimmy Buffett now.
744 00:36:00 - C'mon.- [Keith] Warren Buffett.
745 00:36:02 - Warren Buffett.- See?
746 00:36:04 You're not either of the Buffetts, Kitty!
747 00:36:10 You're Ballz?
748 00:36:15 - Hey!- [Steve] Ah, good Christ.
749 00:36:16 - Fellas.- [Kevin] Ma.
750 00:36:17 - [groans]- Drop! Stop it!
751 00:36:24 Door Dash is not a job.
752 00:36:27 MassMutual's a job.
753 00:36:28 - A job's got business cards.- Door Dash is a job.
754 00:36:30 Okay, I'm a first responder.
755 00:36:31 And second of all, Ma,nobody uses business cards anymore.
756 00:36:36 We're proud of you, honey.
757 00:36:39 Get a room.
758 00:36:40 [poignant music playing]
759 00:37:00 Take your time. I'll be in the car.
760 00:37:15 Yeah.
761 00:37:25 Love you.
762 00:37:28 [dramatic music playing]
763 00:37:50 [Gabe] It has been dragging on.
764 00:37:52 Honestly, I don't knowwhen we'll be able to start demo
765 00:37:54 because local ordinances are a nightmare.
766 00:37:56 [Ken] My heart bleeds for you.Having to borrow a tennis court.
767 00:37:59 "Borrower is slave to the lender."
768 00:38:01 Is that Buffett?
769 00:38:02 It's the Bible. Uh, Proverbs.My Grandpa Melvin used to say it.
770 00:38:05 When he was startinghis convenience store,
771 00:38:07 he refused to borrow one dollar.
772 00:38:08 It was a point of pride.
773 00:38:09 Ah, yes, your humble beginnings.
774 00:38:11 "Grandpa Melvin" Capital,now with 16 billion under management.
775 00:38:16 Better than "Citadel."You sound like you're preparing for war.
776 00:38:19 I'm a man of the people.
777 00:38:20 You rented out a resort,
778 00:38:21 and relocated your entire firm hereso you could stay open during lockdown.
779 00:38:24 Says the man who flew his whole firmdown private just for a party.
780 00:38:28 And anyway,what kind of company shuts down
781 00:38:30 just because the government tells them to?
782 00:38:31 All the ones in your short portfolio.
783 00:38:34 - And yours.- Ah!
784 00:38:36 - All except for one actually.- [Ken] Which one?
785 00:38:38 - [Gabe] GameStop.- [Ken] How?
786 00:38:40 [Gabe] They sell computer mouses. Mice?
787 00:38:43 They claim it makes theman essential business.
788 00:38:45 [Ken] That is the smartest dumbest thingI've ever heard.
789 00:38:48 [Gabe] I know, it's actually a fun one.The revenue's in the toilet.
790 00:38:50 632 million net loss last year.
791 00:38:53 They'd be better off just burningthe whole company down.
792 00:38:56 The stock though, it has been volatile.It's been up.
793 00:38:59 - Buybacks?- Retail traders.
794 00:39:02 - [laughs]- [Marcos] Bro. I don't have it, bro.
795 00:39:04 - Damn, brother.- Sorry, man.
796 00:39:05 - Yeah, yeah, yeah.- Have a good one, bro.
797 00:39:07 - Yo, stay up though! Aight, bro. Aight.- Yeah.
798 00:39:15 I'm gonna put these back real quick.
799 00:39:17 [music fades]
800 00:39:24 Hey, Marcos.
801 00:39:26 [Marcos] Yes, Bradley?
802 00:39:29 Uh, I... I love how you engagedwith that customer,
803 00:39:31 but we really wanna closethose pre-owned sales.
804 00:39:33 The margin's more than double.
805 00:39:35 Oh shit, double.
806 00:39:36 Yeah, you didn't doany of the five prongs, dude:
807 00:39:38 Pre-orders. Reward-card subscriptions.Used sales. New sales. Trade-ins.
808 00:39:42 Yeah, I mean,when I was a 16-year old gamer,
809 00:39:44 all I wanted was a reward-cardsubscription.
810 00:39:46 $5 cash back monthly,20 points for every dollar spent...
811 00:39:49 Don't get me started.
812 00:39:50 A lot of really smart people in corporateput this plan together.
813 00:39:53 Yeah, but any of themever played a video game?
814 00:39:55 Uh, it doesn't matter, Marcos,because they own our asses.
815 00:39:58 Yo, they don't own my ass, so.
816 00:40:02 They do,
817 00:40:03 and they always will.
818 00:40:08 Mask.
819 00:40:11 Hey, Bradley.
820 00:40:15 You ever heard of a short squeeze?
821 00:40:25 Is that a sexual thing?
822 00:40:28 No.
823 00:40:31 Oh, yeah!
824 00:40:33 [Colbert] Here's what's going on.Late last year,
825 00:40:35 hedge funds started shorting stockin the retail store GameStop.
826 00:40:40 Meaning they had bet against itand needed it to drop in price
827 00:40:44 for their investments to be successful.Now unfortunately for the hedge funds,
828 00:40:47 small investors started buying the stockled by something called Wall Street Bets,
829 00:40:53 a popular, juvenile,foul-mouthed Reddit page.
830 00:40:57 And when Wall Street Bets noticed
831 00:40:58 that hedge funds had takena large short position in GameStop stock,
832 00:41:02 they decided to punishthe Wall Street big boys
833 00:41:05 and launched a coordinated buying spree.
834 00:41:08 The revolutionaries on Redditare spanking Wall Street's ass.
835 00:41:11 GameStop shares absolutely going nuts.I think it was up over 70% at one point.
836 00:41:17 - Massive short squeeze,- [Keith] Show me...
837 00:41:19 - closing there, with a gain of 51%- the tendiesss!
838 00:41:22 after traders on message boards...
839 00:41:24 [yelling]
840 00:41:28 What?
841 00:41:29 Happy Wednesday! Happy hump day!Gee... look at this!
842 00:41:34 Look at this shit!
843 00:41:35 A 90% increase in one day?In one fucking day!
844 00:41:39 We're goin' to the mooooon.
845 00:41:42 Whoa-ho-ho-ho!
846 00:41:45 Okay, now, if you've been watchingthis price action,
847 00:41:48 this is what I'm talking about.
848 00:41:49 Yeah, but you can really feel that panicfrom Wall Street, right.
849 00:41:51 When they... we're starting to feela little squeeze. Starting to feel it.
850 00:41:53 You're starting to really feela little squeeze.
851 00:41:55 I need a drink. I need a drink.I know we all drinking tonight.
852 00:41:58 We fucking did it!
853 00:41:59 We started from the bottomand now we're here!
854 00:42:02 - ["I'd Do Anything for love" playing]- Let's raise a glass
855 00:42:05 to a great companythat's undervalued, cheers.
856 00:42:10 Soon may the tendiemen come...Show me the tendies. Show me the tendies.
857 00:42:14 I got 'em right here.
858 00:42:15 Show me the tendies. I just gotta...I just gotta dip.
859 00:42:18 I just gotta... I just gotta dip. Ah!
860 00:42:22 Mmm.
861 00:42:23 ♪ No wayAnd I would do... ♪
862 00:42:26 Mmm-mmm-mmm.
863 00:42:29 11 fucking million dollars?
864 00:42:31 What the fuck!
865 00:42:32 - Oh, language. The baby's here.- What are you gonna do?
866 00:42:34 Get a Ferrari? A Lambo?
867 00:42:37 Caroline, you're gonna ask fora big diamond, right?
868 00:42:38 I have a diamond.
869 00:42:40 Keith, you get a fucking diamond!If I were you, I'd look like
870 00:42:42 - DJ Khaled right now.- Kev! It's not real.
871 00:42:45 I mean, it's real, but it's just paper.
872 00:42:46 Just on paper! You're gonna sell, right?
873 00:42:49 - No!- Maybe.
874 00:42:51 I mean, I don't know. Uh...
875 00:42:54 - We... we haven't talked about it.- What the fuck is wrong with you?
876 00:42:57 I'm riding Mom's bike every dayto Dorchester to drop off cheeseburgers
877 00:43:01 because you won't let me useyour fucking car.
878 00:43:02 And you're mister "I won't selland take millions of dollars."
879 00:43:04 And, well, what you do with your lifeis your choice.
880 00:43:07 You think I wanted to get laid offfrom Dick's during a global pandemic?
881 00:43:10 I love those sneakers, man.I loved that store. I love Dick's.
882 00:43:13 - Mom's bike doesn't even have gears.- We don't know if it's reached the top.
883 00:43:16 The stock jumped like 23% yesterday.
884 00:43:19 - Double from Friday's close.- But he's right.
885 00:43:21 I mean, 11 million dollarsis a lot of fucking dough.
886 00:43:23 - Thank you!- [Keith] Okay, yes,
887 00:43:24 but since Ryan Cohenjoined the board, the...
888 00:43:27 This fucking guy.
889 00:43:29 ...got a 2 billion market cap.I mean, could it go pff? Yeah.
890 00:43:31 But that's not what I'm seeing.That's not what I'm seeing, Kev.
891 00:43:35 Kev? You there?
892 00:43:40 Did he hang up?
893 00:43:41 Yeah.
894 00:43:43 [groans]
895 00:43:53 Fuck, I think hold.
896 00:43:55 [pensive music playing]
897 00:43:59 - [Chris] Girl, you gotta sell.- [Jenny] I'm not selling.
898 00:44:01 How much are you up?
899 00:44:02 [Jenny] 58,000 and some change.
900 00:44:04 [man speaking indistinctly]
901 00:44:07 Baby girl, what the fuck?
902 00:44:09 You need to get out while you can.
903 00:44:11 - Don't be an idiot.- You remember red headband guy.
904 00:44:14 He's worth 11 million dollars.And he's not selling.
905 00:44:18 - No fucking way.- [Jenny] Yes fucking way.
906 00:44:20 This is what I'm telling you.Diamond hands.
907 00:44:23 Diamond hands. You hold the lineno matter what the market does.
908 00:44:27 No matter what Wall Street says.
909 00:44:28 What happenswhen everyone else sells first,
910 00:44:30 and before you get outyou've lost all your money?
911 00:44:33 [woman] Are there any volunteers?
912 00:44:35 - [Jenny] I'm...- [man] Anyone?
913 00:44:37 - [Jenny] We're gonna hold the line.- [woman] C'mon.
914 00:44:39 - Someone has to go first.- Okay, yeah. I'll do it.
915 00:44:47 [man] Here we go everyone.
916 00:44:48 The first Covid vaccineat Pittsburgh Presbyterian.
917 00:44:51 [Riri] Ah!
918 00:44:53 Fuck! Fuck!
919 00:44:54 Fuck! Guys, we need your help.What should we do?
920 00:44:59 So listen, my girl bought in under 20and now it is over 60.
921 00:45:03 So like, should she sell?
922 00:45:05 On the one hand, she has principles.
923 00:45:08 On the other,she has 100k in student debt. So...
924 00:45:12 One way you could thinkabout the comparison between
925 00:45:15 Marxism and Utilitarian tradition
926 00:45:17 is that they both have a micro storyand a macro story.
927 00:45:21 When you think of Utilitarian tradition...
928 00:45:23 The only thing that would convince herto sell is if Roaring Kitty sold.
929 00:45:29 So... Where my pussy at?
930 00:45:31 [professor] You have the micro storyfor the Pareto principle
931 00:45:34 for how each individual action will go.
932 00:45:38 But you also have a macro story.
933 00:45:39 [over speakers]Where my pussy at? Where my pussy at?
934 00:45:41 - Where my pussy at?!- [Harmony] Sorry.
935 00:45:43 - Where my pussy aaaaatttt?!- [students laughing]
936 00:45:47 [Harmony] I'm so sorry.
937 00:45:48 Hey, hey, where my pussy at? Ha!
938 00:45:52 - Where is my pussy at?- It's not in here.
939 00:46:01 [pensive music playing]
940 00:46:15 [Riri] Whoa,
941 00:46:17 - wait, listen, hold on.- [chattering indistinctly]
942 00:46:21 "Future generations will look backand say 'Good men stood here,
943 00:46:25 good men fought,and died on this ground...
944 00:46:28 as they point to a TradingView daily chartof GME zoomed in on January.'
945 00:46:33 Since the spawn of the stonkmarket,
946 00:46:35 two classes of peoplehave been pitted against each other..."
947 00:46:37 "Eternal enemies, forever forced andfated to combat: lions and hyenas."
948 00:46:42 [Marcos] "These lions...these Wall Street hedge funds have it all.
949 00:46:46 Billions of dollars,
950 00:46:47 bail outs for reckless trades,these dirty fucking criminal bastards."
951 00:46:52 Yup, these fucking motherfuckers.
952 00:46:56 "And then there's us.
953 00:46:58 The working man, the average Joe.What do we have?
954 00:47:03 What the fuck do we have?
955 00:47:06 They literally call us 'dumb money.'"
956 00:47:08 [Kevin]"These lions, these hedge fund guys,
957 00:47:10 were born with silver spoonsin their mouths.
958 00:47:12 The top 1% of the 1%.
959 00:47:14 They have massive bank accounts,eat medium rare Grade A Wagyu steak."
960 00:47:17 What the fuck is that?That sounds delicious.
961 00:47:20 "With truffle shavings for lunch."That's fuck!
962 00:47:22 "They frequent the finest strip clubs.
963 00:47:24 They have blow and escortson their yacht parties."
964 00:47:26 Why do we hate these guys?
965 00:47:28 "Then you know whatthey will tell these escorts?"
966 00:47:30 - What's an escort?- Stop listening!
967 00:47:32 "When the smoking hot blonde asks them,'Like, how do you have so much money?'"
968 00:47:37 "You know what they say? They say'Ha, dumb money, babe. Dumb money.'"
969 00:47:44 - [boy] Something's burning.- [smoke alarm beeping]
970 00:47:47 Oh... damn it.
971 00:47:50 - Shit!- You said "shit".
972 00:47:56 [clicks]
973 00:48:00 [Marcos] "Last, the GME trade is aboutclass warfare. Plain and simple.
974 00:48:05 We may be hyenas, yes. But guess what?
975 00:48:09 You put enough of us together,and we can destroy a lion."
976 00:48:13 It's on, motherfuckers! [howls]
977 00:48:16 [music turns dramatic]
978 00:48:18 Aw, we coming for y'all.
979 00:48:20 Y'all better get ready.
980 00:48:22 We fucking coming for you.
981 00:48:24 That is some nerdy shit, man.
982 00:48:27 My brother is a fucking nerd.
983 00:48:32 [panting]
984 00:48:36 Fuck!
985 00:48:41 [footsteps thumping]
986 00:48:42 [girl screams]
987 00:48:44 Counting down from 5and then I'm coming back in there.
988 00:48:46 I don't think you want that.
989 00:48:48 [girl screams]
990 00:48:50 5.
991 00:48:52 - 4.- 3.
992 00:48:53 2.
993 00:48:55 [screaming stops]
994 00:48:56 Thank you.
995 00:48:57 - How was your day?- Long.
996 00:48:59 It's so hard to keep them focusedon Zoom school. They're just not into it.
997 00:49:04 How was your day?
998 00:49:06 [Gabe] Good.
999 00:49:09 You're not worriedabout the short squeeze thing?
1000 00:49:12 The dam'll break next week.
1001 00:49:14 A few of them will decide it's gonehigh enough, they'll cash out,
1002 00:49:17 the rest will follow,whole thing will come crashing down.
1003 00:49:20 I can't think of the last short squeezethat actually worked.
1004 00:49:24 Ackman and Herbalife.
1005 00:49:26 Before that... Piggly Wiggly? [laughs]
1006 00:49:28 Piggly Wiggly.
1007 00:49:29 Yeah. 1923, a bear cartel was shortingthe Piggly Wiggly grocery store.
1008 00:49:34 The founder, he takes out a loanfor what would be $150 million today.
1009 00:49:39 He buys back almost all the stock,like 99% of the stock.
1010 00:49:41 The price of the stock goes up 50%.
1011 00:49:44 - How much is GameStop up?- Then, the exchange,
1012 00:49:46 they halt trading on the stock
1013 00:49:48 so the short sellerscan cover their positions.
1014 00:49:51 Is that legal?
1015 00:49:52 The founder had to declare bankruptcy. So...
1016 00:49:56 it was all fine in the end.
1017 00:49:57 And you knew all that or you looked it up?
1018 00:50:01 Every fund manager knows that story.
1019 00:50:07 You looked it up.
1020 00:50:10 Double checked some numbers maybe.
1021 00:50:22 [Steve Cohen]Oh, do you see what's going on at GME?
1022 00:50:25 - [Gabe] There's more of these idiots.- [Steve] A lot more.
1023 00:50:27 - [Gabe] They won't hold much longer.- [Steve] Oh, Gabe, honey, they're holding.
1024 00:50:31 It just crossed a hundred.
1025 00:50:33 [tense, pensive music playing]
1026 00:50:35 Gabe?
1027 00:50:37 Where are you?
1028 00:50:43 You should probably dial in.
1029 00:50:45 Yeah, be on in one sec.
1030 00:50:46 [man on TV]GameStop, extraordinary volatility today.
1031 00:50:49 You know, we might wantto make this the stock of the day.
1032 00:50:51 Now that it's gaining 103%.That is volatility.
1033 00:50:55 I will tell you,I've never seen anything like it.
1034 00:50:57 Um, I'm concerned about it deeply.
1035 00:50:59 I'm calling it the ultimate short squeeze.
1036 00:51:02 - How much money is being made...- Holy fucking shit.
1037 00:51:04 ...now we're gonna talk about GameStop.Those shares...
1038 00:51:07 - nonstop earning about of 130% today.- Holy fucking shit!
1039 00:51:10 As bullish retail tradersfrenetically buy shares.
1040 00:51:12 Holy fucking shit!
1041 00:51:13 Yo, holy shit!
1042 00:51:15 - Shit balls.- Holy shit!
1043 00:51:16 [woman on TV]You look at the chart for the month.
1044 00:51:18 - It's up 220%.- [Riri] Oh, fuck!
1045 00:51:21 - Look there... It's crazy.- Everything okay?
1046 00:51:23 [Keith] Holy fucking shit!
1047 00:51:25 Holy fucking shit!
1048 00:51:26 ...if you go short in some of theseelaborate options trades,
1049 00:51:30 you can lose money to infinity.
1050 00:51:32 [man on TV] GameStop now at 123and change, another record high.
1051 00:51:36 Holy fucking shit!
1052 00:51:37 [man on TV] Completely disconnectedfrom the fundamentals.
1053 00:51:39 And this is very much being drivenby retail investors.
1054 00:51:42 Many of them trading on Robinhood.
1055 00:51:44 When the music stops,somebody is gonna be left without a seat.
1056 00:51:47 This for casino money only.
1057 00:51:48 They're literally putting the gamein GameStop.
1058 00:51:50 ...is the craziest I think I've ever seen.
1059 00:51:52 True investors never heard of Reddita few years ago.
1060 00:51:56 But for that to drive a short squeeze...
1061 00:51:58 [man on TV] It is Wall Street Bets.
1062 00:52:00 It's worth going to the sitebecause it is incredibly compelling.
1063 00:52:02 You may think it's froth,but they are using arguments
1064 00:52:05 that they think hold up under scrutiny.
1065 00:52:07 - I just like the stock!- [Harmony] I can't look.
1066 00:52:10 - I can't look. I can't look.- It's up another 4%.
1067 00:52:12 I'm gonna have a fucking heart attack.Should we sell?
1068 00:52:14 And betray your boyfriend?Absolutely not. No.
1069 00:52:16 - [man 1 on TV] The stock is up 581%.- Maybe.
1070 00:52:18 ...they are being very specific:
1071 00:52:20 - To break the shorts.- Yes.
1072 00:52:22 [man 2] I mean, what's going onin GameStop right now
1073 00:52:24 conceivably could takea couple of firms out.
1074 00:52:26 Hedge funds if they werestupid enough to be short.
1075 00:52:28 Babe, how much did we make today?
1076 00:52:32 5 million.
1077 00:52:33 [Caroline] And yesterday?
1078 00:52:35 4 million.
1079 00:52:39 Babe...
1080 00:52:40 Yeah?
1081 00:52:42 We're, like, really fucking rich.
1082 00:52:45 [pensive music playing]
1083 00:52:52 How much did we lose today?
1084 00:52:56 A billion.
1085 00:52:59 And yesterday?
1086 00:53:02 A billion.
1087 00:53:07 [groans]
1088 00:53:08 Some news to bring you right nowis that Melvin Capital Management,
1089 00:53:11 this is the hedge fundthat had shorted this company,
1090 00:53:15 that had effectively been attackedby an army of investors trying to push up
1091 00:53:20 and press up the stock of GameStop.
1092 00:53:23 They've taken a rather huge loss...
1093 00:53:26 Sorry, if you could justput your head up for a sec?
1094 00:53:29 Thanks.
1095 00:53:31 How long've you been down here?
1096 00:53:33 A few months.
1097 00:53:35 You like the weather?
1098 00:53:39 Heat is nice. The humidity not as much.
1099 00:53:42 I can see that. [laughs]
1100 00:53:44 - Hm.- All right, I think you're good to go.
1101 00:53:50 [tense music playing]
1102 00:54:13 - Hey!- Hey, man.
1103 00:54:15 - Hi.- It's good to connect.
1104 00:54:17 You too. Great to be here.
1105 00:54:18 - Excited.- I'm glad you are.
1106 00:54:19 Listen, I want to get right to it.
1107 00:54:21 From what I'm hearing,you guys are bankrupt.
1108 00:54:26 No! What? No.
1109 00:54:27 'Cause the word on the streetis that you're drowning.
1110 00:54:30 No, that's... That's crazy.
1111 00:54:33 - We're doing great.- You're on the record with that?
1112 00:54:36 Obviously.
1113 00:54:36 All right, man. Well, then, we're gonnaget the live feed up right now,
1114 00:54:40 and then we're gonna get to youright after this next advertising break.
1115 00:54:42 Perfect, great. Yes, can't wait.
1116 00:54:49 All right, one more spotand then you're gonna be up.
1117 00:54:51 I really do think this is the right timefor you to communicate.
1118 00:54:54 - Great, yes. Agreed.- Great. We're gonna do it.
1119 00:54:56 Address it all head on.It's gonna be good.
1120 00:55:00 - No.- What? Gabe, we're on in 10 seconds.
1121 00:55:03 I can't do this. I'm sorry.
1122 00:55:04 Gabe, seriously.
1123 00:55:05 - Bye, I'm terribly sorry.- Seriously, c'mon.
1124 00:55:06 - Good to see you. The pleasure's here.- We're going on right now.
1125 00:55:15 [Yaara] Babe,
1126 00:55:17 what's the damage?
1127 00:55:38 [exhales]
1128 00:55:39 [tense music continues]
1129 00:55:45 - [seagulls cawing]- [cell phone ringing]
1130 00:55:51 Let me guess, you need cash.
1131 00:55:52 Didn't call Ken first, did you?
1132 00:55:54 He had Phillips reach out.
1133 00:55:56 How much did he offer?
1134 00:55:59 I haven't called him back yet.
1135 00:56:00 Well, how much do you need?
1136 00:56:02 You know what? Don't answer that.The number doesn't matter.
1137 00:56:04 Whatever it is, I'd love to buy in.
1138 00:56:06 Tell Ken to fill in the rest.
1139 00:56:08 Prick.
1140 00:56:10 [cell phone ringing]
1141 00:56:15 - [Gabe] Hey, Ken.- Hey.
1142 00:56:16 Hi, um... So, I might need...
1143 00:56:20 Uh...
1144 00:56:22 A new investor.
1145 00:56:23 Consider it done.
1146 00:56:24 Just keep moving forward.
1147 00:56:26 Don't think aboutwhat Grandpa Melvin used to say.
1148 00:56:29 Prick.
1149 00:56:32 - Thank you.- [man on TV] Both Citadel
1150 00:56:34 - and Point72 have infused- Poor guy.
1151 00:56:38 $3 billion into Melvin Capital
1152 00:56:41 - to try to shore up...- Another goddamn bailout.
1153 00:56:44 Can you believe this crap?
1154 00:56:46 Nobody bailed me out
1155 00:56:47 when Richard left me alonewith two toddlers, a mortgage,
1156 00:56:50 a shit car that never works.
1157 00:56:52 You can say "shit" but we can't?
1158 00:56:53 [Jenny]It's just so damn unfair and you know it.
1159 00:56:55 All we've done for the last yearis work our asses off helping people,
1160 00:56:59 and all we've gotten is one $600 check.
1161 00:57:02 This idiot effs up just about as badas anyone could eff,
1162 00:57:05 and his friends come running inwith $3 billion.
1163 00:57:08 That's why I keep telling you:you're never gonna win.
1164 00:57:10 Just take the money and do something nice.Pay off your mortgage.
1165 00:57:13 Get that one braces.
1166 00:57:15 Look who's still holding.
1167 00:57:18 If he's in, I'm in.
1168 00:57:20 Yeah, he's still gonna need braces.
1169 00:57:22 Your teeth are perfect.
1170 00:57:23 So what? The stock's up $150.How much higher is it gonna go?
1171 00:57:26 We control the price now. Not Wall Street.
1172 00:57:29 And no one on there is selling.
1173 00:57:30 Shoes.
1174 00:57:31 - Ugh. You're all so delusional.- [Jenny] Maybe.
1175 00:57:33 But look at what we managed to dowith these hedge funds.
1176 00:57:36 If we keep driving up the price,
1177 00:57:37 maybe we'll scare more of these guysinto closing out their shorts,
1178 00:57:41 and then all of that bailout money...
1179 00:57:43 - [Chris] Wait...- becomes ours.
1180 00:57:44 your screen name...
1181 00:57:46 is Stonkmom?
1182 00:57:52 - Hey!- Help your mother.
1183 00:57:53 - Why me and not Keith?- Just shut up and do it, okay?
1184 00:57:55 - Kev, take the potatoes.- 'Cause you're rich now?
1185 00:57:58 Mr. 23 million on paper but I won't sell.
1186 00:58:00 - Kevin.- Loser says what?
1187 00:58:03 - What?- Kevin, let Keith tell them.
1188 00:58:09 Tell us what?
1189 00:58:11 Oh, uh...I was waiting to tell you in person.
1190 00:58:14 But the, uh, stock we bet on,GameStop, is up.
1191 00:58:17 Ah, good.
1192 00:58:19 - How much up?- He's up 23 million, Pop.
1193 00:58:22 [Steve] You're an asshole.
1194 00:58:23 - Don't kid us.- Uh, it's real.
1195 00:58:26 Yeah, it's real.And he's refusing to sell.
1196 00:58:30 What is going on?
1197 00:58:32 - You're pulling our leg.- No.
1198 00:58:34 Your son's a huge Internet celebrity now.
1199 00:58:36 Millions of people including "Stonkmom"thinks he's some like,
1200 00:58:38 - I don't know, investment genius.- No, he is a genius.
1201 00:58:41 No, he's not.
1202 00:58:42 You're up 23 million?
1203 00:58:45 And you're not selling.
1204 00:58:48 Jesus, Mary and Joseph.
1205 00:58:49 What the fuck is wrong with you?
1206 00:58:50 Do you even knowhow much $23 million is?
1207 00:58:53 And you're just gonna let it ride?What's the matter with you?
1208 00:58:55 - I know what I'm doing, Dad.- [Elaine] But why aren't you selling?
1209 00:58:57 What, wait! Is this illegal?Are you in trouble?
1210 00:58:59 No. No, he's not in trouble.
1211 00:59:00 - It's totally legal.- Yeah.
1212 00:59:01 He's posting his balance sheeton the Internet.
1213 00:59:03 - What?- [Keith] Hedge fund managers,
1214 00:59:04 they go on CNBC all the timeto pump up the stock.
1215 00:59:07 All I do is post my balance sheeton Wall Street Bets
1216 00:59:09 - after market close.- You post your balance sheet?
1217 00:59:13 Yeah, the same idiot
1218 00:59:14 who left a fresh pair of Nikes out onthe bleachers for just anyone to take.
1219 00:59:17 So you admit they were stolen!
1220 00:59:18 - We gotta talk about this.- You're a fuckin' moron.
1221 00:59:19 - Least I won.- What's the point of winning
1222 00:59:21 if you let some dipshit steal the prize?
1223 00:59:22 You would've broke a fourif you had the Zooms.
1224 00:59:24 A four minute mileisn't everything, Kevin.
1225 00:59:25 Maybe we should get in touchwith Briggsy.
1226 00:59:27 - You know, he works in finance.- Yes.
1227 00:59:29 You think Briggsy knowsmore about this than Keith does?
1228 00:59:31 Well, can you talk about whyyou're putting your stocks
1229 00:59:33 - in the Wall Street Journal?- Wall Street Bets.
1230 00:59:36 What if someone tries to rob you?Kidnap the baby?
1231 00:59:37 No one's gonna kidnap the baby.
1232 00:59:38 - Nobody wants that baby, Mom.- [Steve] I'm just saying,
1233 00:59:40 that if we're gonna talk to somebody,
1234 00:59:42 - you need to talk to Briggsy.- [Elaine] Yes, honey.
1235 00:59:43 - This is the point...- Enough!
1236 00:59:46 You guys, Keith has literally
1237 00:59:48 poured his heart and his soulinto this for the past year.
1238 00:59:50 He knows what he's doing.
1239 00:59:57 I know it's been a tough time, Elaine.
1240 01:00:07 You should still sell.
1241 01:00:11 Think you should sell.
1242 01:00:14 [professor speaking indistinctly]
1243 01:00:16 And just fuck the principleof the whole thing?
1244 01:00:18 I don't like it any more than you do.
1245 01:00:20 [tense, pensive music playing]
1246 01:00:36 You really don't thinkthat he's fucking selling?
1247 01:00:37 [Harmony] No!
1248 01:00:38 Ladies.
1249 01:00:41 Masks.
1250 01:00:45 Kids are with their father for a few days.So, I'm going to Florida.
1251 01:00:49 You finally fucking sold.Hallefuckin-lujah.
1252 01:00:51 No, I'm putting it on my Visa.
1253 01:00:53 You shitting me?
1254 01:00:55 You're worth hundreds of thousandsof dollars in stock,
1255 01:00:57 and you're amassing credit card debt.
1256 01:00:58 You really are out of your mind.
1257 01:01:00 No, babe, I'm all in. Diamond hand.
1258 01:01:04 Did you know that Gabe Plotkingave an interview?
1259 01:01:06 He's been getting death threats,anti-Semitic messages
1260 01:01:09 - from these WSB guys.- It was ten comments.
1261 01:01:11 There's always bad apples.And the moderators deleted it right away.
1262 01:01:14 [Chris] You're just gonna ride this thingtill zero?
1263 01:01:16 No. I'm buying call options.
1264 01:01:19 - That could go to 600 by tomorrow.- Your kid is never getting braces.
1265 01:01:30 [Marcos] There's 8 million people in thereand they're all holding.
1266 01:01:33 It's only going to go up.
1267 01:01:34 [in Spanish] It's a joke, Marcos.
1268 01:01:35 But you're treating itlike it's real life.
1269 01:01:38 Pops.
1270 01:01:41 Look.
1271 01:01:43 - This is real. Hold it. Look.- [in English] Hey.
1272 01:01:46 Aw, man.
1273 01:01:48 8 million people is real.
1274 01:01:50 [in Spanish] H-O-D-L.
1275 01:01:52 8 million don't even knowhow to spell "hold."
1276 01:01:56 It's a joke.
1277 01:01:57 - [woman speaks in Spanish] A corny joke.- [in English] It's not funny.
1278 01:02:03 Mom,
1279 01:02:05 look.
1280 01:02:06 I got $175,000 in stock right now.
1281 01:02:09 [in Spanish] What?
1282 01:02:10 Like serious money,
1283 01:02:11 like I could get you a houseand get you up out of here, kind of money.
1284 01:02:14 Baby.
1285 01:02:15 Where did you get the money to buy this?
1286 01:02:18 [father] Uh-huh.
1287 01:02:19 I bought call options, for cheap.
1288 01:02:22 - And they hit.- [in English] So now you're gonna sell?
1289 01:02:25 Nah. No, I buy more.
1290 01:02:27 [in Spanish] At this price!?
1291 01:02:29 When they hit,I'm gonna buy you a mansion.
1292 01:02:31 It's gonna be crazy.
1293 01:02:32 My son, I don't need a mansion.
1294 01:02:37 Papi.
1295 01:02:39 Be careful.
1296 01:02:40 Don't get addicted to this, my son.
1297 01:02:43 This can be like a drug.
1298 01:02:50 Some breaking news right nowon what has turned into the soap opera
1299 01:02:55 and, uh, saga of the markets right now.And that is the story of GameStop.
1300 01:02:59 A month ago today, it was tradingat about 20 bucks per share.
1301 01:03:02 Two days ago, it was under $80.
1302 01:03:04 Today, nearly $350 a share.
1303 01:03:08 The GameStop stock frenzy even nowhas the attention of the White House.
1304 01:03:12 ...our economic teamincluding Secretary Yellen and others
1305 01:03:14 are monitoring the situation.
1306 01:03:16 You're witnessingthe French Revolution of finance.
1307 01:03:18 There is a rebellion aspect to it.
1308 01:03:20 There isan anti-establishment aspect to it.
1309 01:03:22 I don't know if Wall Street's ever seen itlike this before.
1310 01:03:24 - No. It's generational.- We never have.
1311 01:03:26 It's like generational injustices.
1312 01:03:27 [man] This is likelittle poor guys vs. rich guys.
1313 01:03:31 - And poor guys are winning right now.- ["Seven Nation Army" playing]
1314 01:03:34 [woman] Fucking hold! If you're new hereand you're trying to make a profit,
1315 01:03:36 - fuck off!- Stop what you're doing, and listen up.
1316 01:03:38 I own GameStop on Robinhoodand I am not selling.
1317 01:03:41 Hold. All you need to do is hold.Keep fucking holding.
1318 01:03:44 Soon the Tendieman comesto send our rocket to the sun.
1319 01:03:48 See this right here is the human beingwho's largely responsible
1320 01:03:51 for all this GameStop stuff.
1321 01:03:53 Just a pure specimen.A God-like undefeatable creature.
1322 01:03:59 This is what excellence looks like.
1323 01:04:03 I just like the stock.
1324 01:04:04 Yesterday he posted this,that he's in profit, wait for it...
1325 01:04:09 47 million.
1326 01:04:13 - [man 1] What the fuck is happening?- [tense music playing]
1327 01:04:15 - [man 2] What the fuck?- [students clamoring]
1328 01:04:19 Hey, did you try a different browser?
1329 01:04:20 - I plugged the browser.- [James] Shit, we're fucked.
1330 01:04:24 Bro, what the fuck?
1331 01:04:25 - What the fuck, dude?- I told you this shit is rigged.
1332 01:04:28 What the fuck is going on?
1333 01:04:32 I can't get it to load.
1334 01:04:36 [cell phone chimes]
1335 01:04:40 Fuck!
1336 01:04:45 What?
1337 01:04:49 They shut down Wall Street Bets.
1338 01:04:51 - What?-"Hateful and discriminatory content."
1339 01:04:54 That stuff has always been on there.
1340 01:05:01 That's weird.
1341 01:05:03 No?
1342 01:05:05 I mean, it's like they're tryingto stop people from talking to each other.
1343 01:05:08 [buzzing]
1344 01:05:15 Babe, are you gonna get that?
1345 01:05:17 Yes.
1346 01:05:18 Oh.
1347 01:05:21 Hello?
1348 01:05:23 Ah, yes, I am...
1349 01:05:27 I am the Roaring Kittyand Deep F-ing Value.
1350 01:05:32 Ah, no, but nobody ever asked me.
1351 01:05:37 Oh, okay.
1352 01:05:38 Sir, I just want to sayhow grateful I am for this job
1353 01:05:41 and how much it meansto me and my family.
1354 01:05:43 I would never let a hobby jeopardize...
1355 01:05:47 Okay. I understand.
1356 01:05:55 - Yeah?- It's MassMutual. They're...
1357 01:05:58 getting calls from reporters "concerned"about my "outside activities."
1358 01:06:01 Was all this against the rules?
1359 01:06:03 I wasn't...? Maybe now it is...
1360 01:06:06 Okay.
1361 01:06:10 Well, what was that call?
1362 01:06:13 - Keith?- It's okay.
1363 01:06:15 What, are you going to lose your job?
1364 01:06:16 - What?- It's fine.
1365 01:06:18 - They gave me a choice.- Between what?
1366 01:06:20 Between your job and Roaring Kitty?
1367 01:06:21 - [baby crying over monitor]- Uh...
1368 01:06:23 - Resign or I'm fired.- That's what he just said?
1369 01:06:26 [crying continues]
1370 01:06:27 I got it.
1371 01:06:31 [Harmony]Fuck it, Wall Street Bets is down,
1372 01:06:32 I can't see Roaring Kitty's balance sheet.
1373 01:06:33 Oh fuck.
1374 01:06:34 I don't know what to do.
1375 01:06:35 This could be the sell-off.
1376 01:06:36 I really don't wanna do that.
1377 01:06:39 Well, me neither.But you can't let it go to zero.
1378 01:06:43 It's 150 grand. You need that money.
1379 01:06:45 And nobody is gonna holdif they can't see what he's doing.
1380 01:06:50 Close your eyes and count to three.
1381 01:06:52 One.
1382 01:06:55 - Two.- Two.
1383 01:06:57 - Three.- Three.
1384 01:07:02 - ["Boss" blaring over speakers]- Your phone's ringing.
1385 01:07:04 This is the sound of the world.
1386 01:07:06 Your phone is ringing!
1387 01:07:08 Oh, Robinhood. Yeah. It's an app.
1388 01:07:13 It's on the phone.
1389 01:07:14 - Yeah, no, your phone is ringing.- Oh.
1390 01:07:17 Yes...
1391 01:07:20 ♪ I'm a boss in a fucking dress... ♪
1392 01:07:22 Slow down, Norm, what did you say?
1393 01:07:25 The NSCC just sent us a file,they want a deposit of 3 billion
1394 01:07:29 to clear all the trades coming in.
1395 01:07:32 Sorry.
1396 01:07:33 Wait, who?
1397 01:07:34 They're a subsidiary of the DTCC.And they're requesting 3 billion.
1398 01:07:40 Ah... Okay. Sorry, it's a little loud inhere. I thought you just said 3 billion.
1399 01:07:45 I did!
1400 01:07:47 - But we don't have 3 billion, Norm.- That's correct.
1401 01:07:50 We've only ever raised 2 billionin the history of the company.
1402 01:07:54 Holy fuck! What if we don't pay?
1403 01:07:56 They shut us down.
1404 01:07:58 The IPO, like, everything... poof.
1405 01:08:01 Gretchen, Dan and I are going tojump on a call with Citadel at 9.
1406 01:08:08 Maybe this would be a good timefor me to chat with Ken Griffin.
1407 01:08:11 Sure. We'll mention that.
1408 01:08:16 I can't sleep.
1409 01:08:17 Me neither.
1410 01:08:18 I just feel sick!
1411 01:08:21 We'll buy it back first thing.
1412 01:08:24 Please shut up.
1413 01:08:37 [tense, pensive music playing]
1414 01:08:40 What the fuck.
1415 01:08:45 Oh! What the fuck!
1416 01:08:47 - What the fuck!- Okay, let me try.
1417 01:08:50 Is it frozen?
1418 01:08:57 They cut off the buy option.
1419 01:08:59 What?! That's fucking criminal.
1420 01:09:01 [Vlad] I can't hear you, Baiju!
1421 01:09:02 [Baiju] What the fuck did you do?
1422 01:09:04 - Calm down.- Me calm down?
1423 01:09:05 You shut down trading on GameStop?
1424 01:09:07 Not all trading.
1425 01:09:08 Norm worked it out.
1426 01:09:09 The DTCC agreed to lower the depositto 700 million
1427 01:09:13 if we shut off buying,and that's what I did.
1428 01:09:15 - The Depository Trade Commission?- [blender whirs]
1429 01:09:17 They're like one degree awayfrom Ken Griffin.
1430 01:09:19 - One more time, Baiju.- [blender whirs]
1431 01:09:21 ...butt boys!
1432 01:09:24 - What?- It's not going to be okay.
1433 01:09:27 You need to fix this...
1434 01:09:28 Shh. I know, it's okay.
1435 01:09:30 I did fix it, Baiju.
1436 01:09:34 We've been watching sharesof GameStop all day long
1437 01:09:37 after hitting a staggering high of $483.
1438 01:09:40 The shares are now down to about 140.
1439 01:09:43 Now, the best we can tellis the Robinhood app
1440 01:09:46 that seems to have triggered what reallyhas become a panic sell-off in this name.
1441 01:09:51 And so if you're a retail investoror a Reddit user and you've held,
1442 01:09:55 well, you are feeling some serious painright now.
1443 01:09:59 Oh God.
1444 01:10:02 Fuck.
1445 01:10:03 [man 1 on TV]Now the criticism centered on Robinhood
1446 01:10:05 for abandoning their followers herein favor of helping those who had shorted
1447 01:10:09 all these stocks in the first place.
1448 01:10:10 [woman] I don't particularly like the moveon Robinhood today.
1449 01:10:13 I'm talking to people this morningthat say,
1450 01:10:15 "Okay, that is anti-capitalism.
1451 01:10:17 - You can't do that."- Fuck you, Robinhood!
1452 01:10:18 [man 2] There's been some controversyabout Citadel and some vague accusations
1453 01:10:23 that somehow Citadel may have beeninvolved in Robinhood's decision, Wolf,
1454 01:10:26 to stop or restrict tradingin GameStop and other shorts...
1455 01:10:29 [Yaara] Who is it from?
1456 01:10:30 The Tendieman...?
1457 01:10:35 Come back inside.
1458 01:10:36 [man] Diamond fucking hands!
1459 01:10:40 We all know how I feel about him.I think he's a rat, a liar.
1460 01:10:44 Okay, Vlad, you know everybody herewho's watching us hates your guts, right?
1461 01:10:50 Thank you, Dave, that's, uh...that's what I hear.
1462 01:10:53 But I'm a really big fan of your showand hopefully I can answer
1463 01:10:57 - some of your questions.- [man] Vlad, can you hear us?
1464 01:10:59 - Vlad the stock impaler.- Yes, I'm here... Hi.
1465 01:11:02 Spill the beans, man,what happened last week?
1466 01:11:04 Why couldn't people buy GameStop shares?
1467 01:11:07 The people demand an answer.
1468 01:11:09 To give you some background,I'm chief executive of Robinhood...
1469 01:11:13 - Robbing executive.- Yeah, we know that.
1470 01:11:14 And I just want to say,
1471 01:11:16 - we had no liquidity problem.- Well, did something maybe shady
1472 01:11:18 go down here?Seems weird that you'd get a sudden
1473 01:11:20 - 10 billion dollar demand... You know.- Three, 3 billion...
1474 01:11:22 - Okay, but 3 billion just suddenly,- Yeah.
1475 01:11:24 - out of nowhere and...- Well, I wouldn't impute
1476 01:11:27 any shadiness to any of this, um...
1477 01:11:30 I don't have the full context, uh,
1478 01:11:32 as to what was going onwith the NSCC to,
1479 01:11:34 to, uh, make these calculations.
1480 01:11:37 To what degreeare you beholden to Citadel?
1481 01:11:40 I mean, like, basically,if Citadel is unhappy, then what happens?
1482 01:11:43 - [Vlad] It was a hard temperance.- Is anyone holding you hostage right now?
1483 01:11:46 Uh, no.
1484 01:11:47 There's just no rational explanationon why they would do what they did
1485 01:11:51 without outside pressure, interference.
1486 01:11:54 And they basically cratered the stockon purpose.
1487 01:11:56 So, I just don't believeanything that guy says.
1488 01:11:59 I wanted to take a cold showerafter seeing him say that.
1489 01:12:02 Robinhood is facing lawsuits,we know that.
1490 01:12:05 After halting trade, they are accused
1491 01:12:07 - of rigging the market.- When the big guys,
1492 01:12:09 including one of your main investorsin your company started to lose,
1493 01:12:12 you shut down the gameto starve the little guy.
1494 01:12:15 They're stealing from the poorand giving back to the rich.
1495 01:12:18 They're robbing from the 'hood! Why?
1496 01:12:21 - I want to be 100% clear,- All of you guys deserve to burn in hell.
1497 01:12:24 - this decision to...- And go to jail.
1498 01:12:26 restrict trade was not madeon the direction
1499 01:12:27 I'm just trying to get my momout the 'hood.
1500 01:12:28 - of Citadel or any market maker.- What the fuck? Fuck you!
1501 01:12:31 And your Mama Dukes,you motherfucking fraud.
1502 01:12:32 Fuck this guy.
1503 01:12:34 This guy is justan obfuscating piece of shit.
1504 01:12:37 Fucker.
1505 01:12:38 There's only one manI wanna hear from right now.
1506 01:12:40 And Wall Street Bets is down,so it's crickets.
1507 01:12:43 It's crickets out here.
1508 01:12:45 Say it with me.
1509 01:12:47 - Where my pussy at!- Where my pussy at!
1510 01:12:50 - [man 1] Mr. Gill!- [man 2] Mr. Gill!
1511 01:12:52 - Roaring Kitty, I fucking love you!- Keith Gill!
1512 01:12:56 - Keith Gill, please!- Okay.
1513 01:12:58 - Please.- Oh, sorry, this is, like, my house, uh...
1514 01:13:01 - You want my autograph?- Yeah.
1515 01:13:03 You've been served.
1516 01:13:07 [man 3]Hey, to the moon, baby! To the moon.
1517 01:13:10 Holy shit.
1518 01:13:11 [crowd clamoring]
1519 01:13:16 Sorry to interrupt. We need to talkabout the GameStop situation.
1520 01:13:20 I thought Mecane was handling it.
1521 01:13:21 So did we. But the committee'sspecifically requested you, sir.
1522 01:13:24 If they want specifics,they can have Mecane.
1523 01:13:27 It's not a choice, unfortunately.
1524 01:13:33 Shitballs.
1525 01:13:35 [keyboard clacking]
1526 01:13:37 [Caroline] Keith?
1527 01:13:40 - A congressional subpoena.- I never did anything illegal.
1528 01:13:43 And I always had disclaimers...
1529 01:13:45 Why would you have disclaimersif you weren't worried?
1530 01:13:48 They're standard practice, Caroline,everyone has them.
1531 01:13:55 Babe...
1532 01:14:00 - the answer is not in your computer.- Whoa!
1533 01:14:03 There's a dozen reporters on our lawn!You have to testify before Congress.
1534 01:14:07 - The game has changed.- I know. I hear you.
1535 01:14:10 I don't think you do.
1536 01:14:17 Oh, my God. We're...
1537 01:14:20 We're gonna go to my mother's.
1538 01:14:21 No, she has terrible Wi-Fi.
1539 01:14:24 I'm not talking about you.
1540 01:14:26 I'm talking about me and her.
1541 01:14:28 You need to figure this out.
1542 01:14:43 - Where are you going?- To the track.
1543 01:14:45 - You were just on the track.- I'm going again.
1544 01:14:47 [tense music playing]
1545 01:14:58 Hi. Can I interest you insome champagne or a mimosa?
1546 01:15:00 - Is it free?- It is when you sit up here.
1547 01:15:02 Well, there is a last time for everything.
1548 01:15:04 Oh, you'll be back.
1549 01:15:06 I had half a million in stocks last week,but Wall Street cheated.
1550 01:15:11 Surprise, surprise.
1551 01:15:14 I could have cashed out.
1552 01:15:16 I could have paid my mortgage.
1553 01:15:18 Could have gotten my kid braces.
1554 01:15:20 Got a new car.
1555 01:15:20 Honey, I'm gonna get yousomething stronger.
1556 01:15:22 - Thank you.- You're welcome.
1557 01:15:30 [Kevin] Meow!
1558 01:15:31 Kitty!
1559 01:15:32 You know you can't just eat other people'sfood. They do reviews, right?
1560 01:15:35 Very funny.
1561 01:15:36 Here.
1562 01:15:37 What's this?
1563 01:15:39 Look, they were on sale, all right,
1564 01:15:40 - before you get all emotional and shit.- Holy shit, you fucking softy.
1565 01:15:43 Who put you up to this? Caro? Ma?
1566 01:15:45 No, Dad called me in tears,
1567 01:15:47 said my big brotherneeded some moral support.
1568 01:15:49 Ah, fuck off. I can't.
1569 01:15:51 C'mon, man.Will you at least try 'em on? Please?
1570 01:15:54 Try 'em. C'mon,you're the richest man in Brockton,
1571 01:15:56 - you dress like an asshole.- I lost 15 million yesterday.
1572 01:15:58 And another 15 the day before that.
1573 01:16:00 You're still the richest man in Brockton,like, by far.
1574 01:16:03 Bro, you got rich dudespissing in their pants right now.
1575 01:16:07 I mean, c'mon, man, how many peoplefrom Brockton High can say that?
1576 01:16:10 This has gone crazy,
1577 01:16:11 I got reporters hounding meoutside my house.
1578 01:16:14 Yeah, man, me too.They're coming after you.
1579 01:16:17 You didn't talk to them, did you?
1580 01:16:19 What do I look like? I said no.I said give me 50 grand maybe.
1581 01:16:23 Tell me you're kidding.
1582 01:16:24 Well, if you give me 20, then maybewe wouldn't have to deal with this shit.
1583 01:16:26 The fuck is wrong with you!?
1584 01:16:27 Kevin, I've just been subpoenaedby Congress, man.
1585 01:16:31 I do not have time for your bullshit.
1586 01:16:32 - Oh, come off it, man!- Seriously, asshole.
1587 01:16:35 - Chill! It was a joke!- Fuck!
1588 01:16:38 [Keith sighs]
1589 01:16:41 [groans]
1590 01:16:45 I know.
1591 01:16:47 Sorry.
1592 01:16:54 We never used to fight this much.
1593 01:17:00 - Sara.- I miss her.
1594 01:17:02 Me too.
1595 01:17:04 She kept your ego in check.
1596 01:17:06 Whole fuckin' world kept my ego in check.
1597 01:17:09 What the fuck are you gonna tellCongress, Keith? Huh?
1598 01:17:13 Beg them not to send me to prison?
1599 01:17:17 Hey...
1600 01:17:19 Hey, do you remember back at Stonehillwhen they dared me to run that mile naked?
1601 01:17:23 Yeah, there was a crazy storm that night.
1602 01:17:25 - You dumb shit.- Fuck you, man.
1603 01:17:27 That was dope, man.I'm a legend over there.
1604 01:17:29 Everybody remembers that!
1605 01:17:30 - Okay.- They do, man.
1606 01:17:31 You don't think people rememberyour 4-minute 3-second mile?
1607 01:17:33 Oh... what is this, a pep talk?
1608 01:17:35 Motherfucker, stop hiding.
1609 01:17:37 Seriously. Okay, stop being all meekand shit and running away.
1610 01:17:41 What, you want me to run throughlightning with my dick out?
1611 01:17:44 Yeah.
1612 01:17:45 Please, exactly that.
1613 01:17:48 Run through lightning with your dick out.Fuck it.
1614 01:17:52 [pensive music playing]
1615 01:17:58 You didn't go to your mom's?
1616 01:18:02 You took the car.
1617 01:18:05 How was the run? Did it clear your head?
1618 01:18:07 Kev found me, brought me these.
1619 01:18:09 Hm. You guys talked?
1620 01:18:12 Yup, he, uh, told me to run naked.
1621 01:18:15 - You ran naked?- No.
1622 01:18:17 Uh, it's a metaphor. He's sayingI gotta take this thing head on.
1623 01:18:22 Well...
1624 01:18:29 I'd kinda like to see you run naked.
1625 01:18:32 [sprinkler spraying]
1626 01:18:34 By the way, Wall Street Bets is back up.
1627 01:18:38 The motherfucker held.
1628 01:18:40 Holy shit! He lost 30 million,and he still fucking held.
1629 01:18:48 - Robinhood's back up.- What?
1630 01:18:50 - We gotta get back in.- Where's the stock at right now?
1631 01:18:54 109.
1632 01:18:55 Are you sure?
1633 01:18:57 That's like all of the moneythat we made back into the stock.
1634 01:19:03 Yeah. We can't let themget away with this.
1635 01:19:08 Fuck 'em.
1636 01:19:09 If he's in, I'm in.
1637 01:19:11 If he's in, I'm in.
1638 01:19:16 Okay.
1639 01:19:19 Fuck!
1640 01:19:22 - [Harmony sighs, then laughs]- [Riri yells]
1641 01:19:26 The frenzy continues with retail investorsbidding back up GameStop.
1642 01:19:30 - Meme stock mania is back.- [woman] ...up more than 80%
1643 01:19:33 as those message board traderssimply sent it higher.
1644 01:19:35 [man] Stock volatility continuing,
1645 01:19:37 it looks like this morning once againGameStop are involved in
1646 01:19:40 an ongoing battle betweenretail investors and short sellers.
1647 01:19:43 We're gonna have a lot moreon this story.
1648 01:19:45 [woman] CEOs of Robinhood, Reddit,Citadel and Melvin Capital.
1649 01:19:48 Along with Keith Gill,better known as Roaring Kitty
1650 01:19:51 on social media, will be in the hot seat.
1651 01:19:54 [tense music playing]
1652 01:19:59 [Gabe] I'm here testifying todayfar removed from my background.
1653 01:20:02 I grew up in a middle-class familyin Portland, Maine.
1654 01:20:05 My dad was a grocery store executive.
1655 01:20:07 [woman] Maybe leave that part out.
1656 01:20:10 The part about my dad?
1657 01:20:11 The executive part.
1658 01:20:12 Okay... okay.
1659 01:20:17 I went to a public high school.I studied hard and got into Northwestern.
1660 01:20:21 - Just say "a good college."- Upon...
1661 01:20:23 I can't say I went to Northwestern?
1662 01:20:25 - Too elite.- Northwestern's too...
1663 01:20:27 All right.
1664 01:20:32 Upon graduation, I did not have a job.Today, I'm married with four children.
1665 01:20:37 Gabe, where do you plan ondoing your testimony?
1666 01:20:41 - Here.- In front of your wine collection?
1667 01:20:46 I mean, this is... I don't have that bigof a wine collection honestly.
1668 01:20:49 Yeah, it's huge.
1669 01:20:50 [Keith]Digital risks seem to be overblown.
1670 01:20:52 Two, the negative sentiment is overdone.
1671 01:20:55 - Three, the value...- Maybe... here would be nice.
1672 01:21:02 - Too many windows.- Too many windows... Oh.
1673 01:21:04 It's very bright.
1674 01:21:05 - Yeah, ocean front's not a great idea.- It's blue.
1675 01:21:08 Yeah. Okay, I hadn't thought of that.
1676 01:21:10 That, uh, yeah, downstairs there's more...there's probably darker rooms.
1677 01:21:13 [woman on TV] What a bandit.Most of you know this guy,
1678 01:21:15 who is the Roaring Kitty character,
1679 01:21:17 - who was really pushing it.- Holy shit.
1680 01:21:18 - You know, voicing the information.- Yo, Riri, our boy's on the news.
1681 01:21:20 And what's the potentially systemic risk?
1682 01:21:22 [man]Those relationships in D.C. are strong.
1683 01:21:25 The guys who run those hedge funds arethe guys who fund presidential campaigns.
1684 01:21:29 - You know Roaring Kitties don't have- That's a good point.
1685 01:21:31 - that kind of influence,- Gill is now being sued
1686 01:21:32 - but the hedge fund managers do.- for securities fraud
1687 01:21:33 over his alleged rolein the GameStop rally.
1688 01:21:35 Is Mr. Gill likely to appear,and if he appears,
1689 01:21:38 is he likely to talkif he faces the potential of prosecution?
1690 01:21:43 Fundamentals are based on three things:One, digital risks are overblown.
1691 01:21:48 Two, the negative sentiment is overdone.
1692 01:21:49 And three...
1693 01:21:54 Fuck.
1694 01:21:55 - Ah, c'mon, shut up.- [Keith] I know all this.
1695 01:21:57 [Kevin laughing]
1696 01:21:59 You guys, you guys, stop.Stop, let's keep going.
1697 01:22:01 All right, let's go again.
1698 01:22:02 You're right, this is serious.You can go to jail forever.
1699 01:22:05 - A long time. Long, long time.- All right. You ready?
1700 01:22:06 You ready here we go. Back in the game.
1701 01:22:08 - Mr. Gill. May I call you Mr. Gill, sir?- It's my name.
1702 01:22:12 [Kevin] Why the fuck wouldn't you be ableto call him Mr. Gill?
1703 01:22:14 What were your intentionswith the YouTube videos
1704 01:22:16 and your social media posts on GameStop?
1705 01:22:18 - Yes.- [Keith] Thank you, congresswoman.
1706 01:22:19 [Caroline] You're welcome.
1707 01:22:21 I developed a theorythat the company was undervalued
1708 01:22:23 despite the significant short interest.
1709 01:22:25 Oh, so you were awareof the short interest.
1710 01:22:27 It is public knowledge.You can see it in the SEC filings.
1711 01:22:29 [Briggsy] And your goalwas to break these shorts, yes?
1712 01:22:32 To rally an online mob to artificiallypush the price of GameStop soaring,
1713 01:22:35 ah, "to the moon" as they say,isn't that correct, Mr. Gill?
1714 01:22:38 Objection, objection,you're leading the witness.
1715 01:22:40 - Kev...- [Briggsy] Witness.
1716 01:22:41 I yield my time to the chair.
1717 01:22:43 You were hoping for the short squeeze,weren't you, Mr. Gill?
1718 01:22:45 You short squeezing bastard.
1719 01:22:46 The short squeezewas a marginal point of the thesis.
1720 01:22:49 [Briggsy] Then why did you talk about itin your videos all the time?
1721 01:22:51 You did talk about it in your videos.You talked about it a lot.
1722 01:22:53 - You remember about the squeeze.- Exactly.
1723 01:22:54 You were like"It's just a little squeeze."
1724 01:22:55 [Briggsy] Exactly.
1725 01:22:56 Are you really asking us to believethat you weren't a leader
1726 01:22:59 - to all these retail traders?- You're fucked, buddy.
1727 01:23:01 - My point of view...- Asking. Yes or no?
1728 01:23:03 - [Kevin] Yes or no?- [Briggsy] Yes. So yes.
1729 01:23:05 - Yes or no?- You are admitting it. Yes.
1730 01:23:06 Remember you with a cheap bottleof champagne.
1731 01:23:07 At any moment... Kevin!
1732 01:23:09 - Kevin!- Dunking tendies like a fucking--
1733 01:23:10 What?
1734 01:23:12 I'm running with my dick out.
1735 01:23:15 Okay, why don't you just say that?
1736 01:23:17 Okay, I'll stop.
1737 01:23:19 All right. Mr. Gill, what exactlyabout the fundamentals
1738 01:23:24 - led you to build this bull case?- [Briggsy] What the fuck's with the voice?
1739 01:23:27 I don't know, I was trying to do AOC,but it was flat.
1740 01:23:29 [Briggsy]I don't even think she's on the panel.
1741 01:23:31 [Kevin] You shut the fuck up, Briggsy.
1742 01:23:32 - I'll slap the shit out of you.- [Briggsy] Is she on that panel?
1743 01:23:33 - [Kevin] I swear to God.- [Briggsy] You're gonna slap me?
1744 01:23:34 - [Kevin] Yeah, let's go.- [Briggsy] You ready to go?
1745 01:23:36 - Let's go.- [Kevin] I've been waiting for this, dog.
1746 01:23:44 [tense, pensive music playing]
1747 01:23:50 [sighs]
1748 01:23:56 Come here.
1749 01:24:05 You're gonna be great.
1750 01:24:08 If it goes bad, it's gonna be real bad.
1751 01:24:11 Well, don't let it go bad.
1752 01:24:13 [Waters] This hearing will be firstin a series of hearings by the committee
1753 01:24:17 to examine the recent market volatilityinvolving GameStop.
1754 01:24:22 I want to know how eachof the witnesses here today
1755 01:24:27 - contributed to the historic...- Gabe, can you sit up?
1756 01:24:29 trading events in January.
1757 01:24:33 This recent market volatility
1758 01:24:35 has put a national spotlighton institutional practices
1759 01:24:40 by Wall Street firms.
1760 01:24:41 And they have demonstratedthe enormous potential power
1761 01:24:45 of social media in our markets.
1762 01:24:48 We will hear firsthand from the witnessesregarding these events.
1763 01:24:52 The hearing will be an opportunityfor this committee to get the facts
1764 01:24:57 about the roleeach of the witnesses represent,
1765 01:25:00 played in the eventswe are examining today.
1766 01:25:03 [Vargas] Well, now, Mr. Griffin,if I could ask you this first question.
1767 01:25:06 Of course.
1768 01:25:07 How many peopleare in the room with you?
1769 01:25:10 [Ken] That's your question?
1770 01:25:11 If you can just count how manypeople are in the room with you.
1771 01:25:18 There are five people,including myself, in this room.
1772 01:25:21 - [Vargas] Anyone in your organization...- Such a prick.
1773 01:25:23 since January 1st, contact Robinhood?
1774 01:25:25 We of course talk to Robinhood routinelyin the ordinary course of business.
1775 01:25:30 We manage a substantial portionof their order flow.
1776 01:25:32 But did you talk to them about restricting
1777 01:25:35 or doing anything to prevent peoplefrom buying GameStop?
1778 01:25:39 I want to be perfectly clear.
1779 01:25:42 We had no role in Robinhood's decision
1780 01:25:45 - to limit trading in GameStop.- Fuck you, Ken Griffin.
1781 01:25:48 [Vargas] So, if we depose everyonein your organization, we would find that?
1782 01:25:52 That is correct.
1783 01:25:53 Looks like a Disney Channel villain.
1784 01:25:56 Mr. Plotkin, do you believethat there is manipulation, distrust,
1785 01:26:00 and overall inequalitywithin American finance?
1786 01:26:03 My focus is on my company, Melvin...
1787 01:26:05 [inaudible]
1788 01:26:07 [Kevin] Hello?
1789 01:26:08 You're on mute, dick!
1790 01:26:10 Ah, I'm sorry, you're on mute.
1791 01:26:12 [all laughing]
1792 01:26:16 [woman] He just keeps going.
1793 01:26:17 ...my area of expertise.
1794 01:26:19 You're still on mute. I haven't been ableto hear a word you said, unfortunately.
1795 01:26:23 [Ocasio-Cortez] Mr. Tenev,would you be willing to commit today
1796 01:26:25 - to voluntarily pass on the proceeds...- Oh. Marry me.
1797 01:26:27 of the payment for order flowto Robinhood customers?
1798 01:26:30 Congresswoman, I appreciate that question.
1799 01:26:33 When the statement you refer to was made,it was before Robinhood forced
1800 01:26:37 the entire industry to drop
1801 01:26:39 - commissions and replicate our...- I should take that as a no.
1802 01:26:41 You're not willing to pass onthe proceeds of payment for order flow
1803 01:26:44 to your customers?
1804 01:26:45 - When the other brokers drop...- I'm just talking about today.
1805 01:26:47 - Asshole.- I don't want to be rude.
1806 01:26:48 I just have limited time,
1807 01:26:50 but if removing the revenues that you makefrom a payment for order flow
1808 01:26:54 would cause the removalof free commissions,
1809 01:26:57 doesn't that mean thattrading on Robinhood
1810 01:26:59 isn't actually free to begin with?
1811 01:27:01 [woman] Good question.
1812 01:27:09 [Waters] Thank you very much, Mr. Gill.
1813 01:27:11 You are now recognized for five minutesto present your oral testimony.
1814 01:27:18 [inhales, then exhales]
1815 01:27:28 Thank you, members of the committee.
1816 01:27:33 I am happy to discuss my purchaseof GameStop shares
1817 01:27:37 and my discussions of their fair valueon social media.
1818 01:27:41 But before I do that,
1819 01:27:43 a few things I am not:
1820 01:27:46 I am not a cat.
1821 01:27:49 - What did he say?- [Kevin] He just said cat, Ma.
1822 01:27:51 It's like a kitty thing.
1823 01:27:53 Nor am I a hedge fund.I do not have clients,
1824 01:27:55 and I do not provide personalizedinvestment advice for fees or commissions.
1825 01:28:00 I grew up in Brockton, Mass.
1826 01:28:03 My family was not wealthy.
1827 01:28:05 My father was a truck driverand my mom a registered nurse.
1828 01:28:08 - [Kevin] That's you, Ma!- I was one of three kids
1829 01:28:11 and the first in my familyto earn a four-year college degree
1830 01:28:14 when I graduated from Stonehill Collegein 2009.
1831 01:28:18 That was not a good timeto be looking for a job.
1832 01:28:20 From 2010-2017,
1833 01:28:23 there were significant periodswhen I was unemployed.
1834 01:28:26 I took an interest in the stock market,
1835 01:28:28 and even though I had very little money,
1836 01:28:31 I used those times to educate myselfand learn more about investing.
1837 01:28:35 Mr. Gill, I find it hard to believethat you predicted everything
1838 01:28:39 that happened to GameStopwith no inside information.
1839 01:28:43 Uh, I didn't predict it.
1840 01:28:44 I honestly couldn't explain everythingthat happened in January.
1841 01:28:48 I've seen your videos. You honestlycouldn't recount to the committee
1842 01:28:51 what caused every single up and downof the stock in January?
1843 01:28:57 I think you could.
1844 01:28:59 I did follow the stock, uh, very closely,
1845 01:29:03 but threshold lists, order flows,halting purchases, according to the press,
1846 01:29:06 these all had a material impacton the stock.
1847 01:29:08 Here's the thing: I havea bit of experience with this stuff,
1848 01:29:11 and even I barely understandthese matters.
1849 01:29:13 It's alarming how little we all knowabout the inner workings of the market.
1850 01:29:17 Which is why I'm glad this committeeis examining what happened,
1851 01:29:19 particularly with the exorbitantshort interest
1852 01:29:22 as well as any potentiallymanipulative shorting practices
1853 01:29:25 and brokers' reported failures totimely deliver shares and settle trades.
1854 01:29:29 [mouths]
1855 01:29:33 A lot of people feel the system is broken.
1856 01:29:35 The whole idea of the stock market is tobe, like, kind of a fair playing field,
1857 01:29:39 where if you're smart, maybe with a littleluck, you could make your fortune.
1858 01:29:44 But, if it ever was that,it's certainly not any more.
1859 01:29:47 The big firms have such a big advantage,in terms of technology and information
1860 01:29:50 and just sheer wealth, there's no hopefor the little guy anymore.
1861 01:29:54 Or there was no hope.
1862 01:29:57 Maybe now, there is.
1863 01:30:01 And as for me,
1864 01:30:03 I like the stock.
1865 01:30:05 [cheering]
1866 01:30:06 He's a gangster for that.
1867 01:30:08 I don't plan on selling any time soon.
1868 01:30:10 - [man] Hold it.- Say that shit.
1869 01:30:11 Diamond fucking hands.
1870 01:30:13 Diamond hands, baby.
1871 01:30:15 Attaboy.
1872 01:30:16 What a nerd.
1873 01:30:18 Thank you.
1874 01:30:20 [sighs]
1875 01:30:27 It was good. I think.
1876 01:30:30 [man on TV] Yesterday's Reddit hearingin Congress brought together
1877 01:30:33 some of the power playersbehind the January trading frenzy.
1878 01:30:36 [woman] Representative Maxine Waters didsay there will be additional hearings...
1879 01:30:39 [man] What you got here involves peoplenamed DFV and Roaring Kitty, ultimately...
1880 01:30:42 [woman] ...two more to follow to findmore answers, one market expert...
1881 01:30:45 [man] Whether it's marketsor social media,
1882 01:30:47 I'll just call it media because it is now.
1883 01:30:49 Do you think any new regulation gets done?
1884 01:30:51 [man 2] What's clear is thatwe're in the Wild West
1885 01:30:53 and that there is so much activitythat's going on, on these online forums.
1886 01:30:56 And we've seen in the last monthand the last six weeks how much force
1887 01:30:59 day traders en masse can bringto the market and actually affect it.
1888 01:31:03 They used to just make some noisearound the edges.
1889 01:31:05 Now they can actually move markets,move securities.
1890 01:31:08 [pensive music playing]
1891 01:31:39 Cheers, everyone.
1892 01:31:47 Ah.
1893 01:31:53 [sighs]
1894 01:31:57 You're a fucking gangster.
1895 01:32:18 [Brad] Hey, man, I notice you've beenselling a lot of new games,
1896 01:32:21 and I just wanted to remind you, again,that we really wanna be pushing customers
1897 01:32:24 towards the higher-margin pre-owned games.
1898 01:32:28 Yeah, I'm not gonna do that.
1899 01:32:29 Excuse me?
1900 01:32:30 Oh, and in fact, I'm not gonna doany of the Circle of Life bullshit.
1901 01:32:33 Or your TikTok dance contest.
1902 01:32:35 You're quitting, then.
1903 01:32:38 Okay.
1904 01:32:39 No, I mean, I thought about it, but...
1905 01:32:41 Like, yo, I love it here.
1906 01:32:43 So I think I'm gonna stay.
1907 01:32:45 Well, you're awfully smug for a kidwho lost all his money buying stock.
1908 01:32:49 What did you say it was going to?A thousand?
1909 01:32:53 I'm also not gonna workat the ass crack of dawn any more.
1910 01:32:56 You're fired.
1911 01:32:59 No, I'm not.
1912 01:33:00 You gotta get that approvedby like seven levels of people, yo.
1913 01:33:04 Thanks to the geniuseswho put that together.
1914 01:33:06 The ones who used to own my ass.
1915 01:33:09 You sold?
1916 01:33:11 Half.
1917 01:33:13 Right at the tippy tippy top.
1918 01:33:15 And I'm holding the other halffor the long haul.
1919 01:33:18 ♪ 'Cause I'm a savage ♪
1920 01:33:20 ♪ Classy, bougie, ratchet ♪
1921 01:33:23 ♪ Sassy, moody, nasty ♪
1922 01:33:26 ♪ Acting stupid what was happening ♪
1923 01:33:29 ["Savage" playing]
1924 01:33:30 ♪ Classy, bougie, ratchet ♪
1925 01:33:34 ♪ Sassy, moody, nasty ♪
1926 01:33:37 ♪ Acting stupid, what's happening? ♪
1927 01:33:39 ♪ Bitch, what's happening? ♪
1928 01:33:40 ♪ Bitch, I'm a savage, yeah ♪
1929 01:33:42 ♪ Classy, bougie, ratchet, yeah ♪
1930 01:33:45 ♪ Sassy, moody, nasty ♪
1931 01:33:48 ♪ Acting stupid, what's happening? ♪
1932 01:33:50 ♪ Bitch, what's happening? ♪
1933 01:33:52 ♪ Eat me and record itBut your edge-up all I'm showing ♪
1934 01:33:55 ♪ I keep my niggas privateSo his AP all I'm showing ♪
1935 01:33:58 ♪ Beefing with you bitchesReally getting kinda boring ♪
1936 01:34:00 ♪ If it ain't about the moneyThen you know I'm gon' ignore it ♪
1937 01:34:03 ♪ I'm the shit, ooh ♪
1938 01:34:04 ♪ I need a mop to clean the floorIt's too much drip, ooh ♪
1939 01:34:07 ♪ I keep a knot, I keep a watchI keep a whip... ♪
1940 01:34:09 Fuck yeah!
1941 01:34:11 I'm here testifying todayfar removed from my background.
1942 01:34:14 I grew up in a middle-class familyin Portland, Maine.
1943 01:34:16 I went to a public high school.
1944 01:34:18 I studied hardand got into a good college.
1945 01:34:20 Upon graduation, I did not have a job.
1946 01:34:23 ♪ Bitch, what's happening? ♪
1947 01:34:26 When the statement you refer to was made,uh, I believe 2015 or 2016,
1948 01:34:32 it was before Robinhoodforced the entire industry
1949 01:34:35 - to drop commissions and replicate our...- I should take that as a no.
1950 01:34:38 You're not willing to pass onthe proceeds of payment for order flow
1951 01:34:41 to your customers?
1952 01:34:42 ♪ That body rightBut you know this pussy fat, ooh ♪
1953 01:34:44 ♪ I drop a pictureNow these bitches feel attacked ♪
1954 01:34:47 ♪ Don't let that nigga gas you upAnd get you whacked, ooh ♪
1955 01:34:49 ♪ I make a calland get a pussy nigga smacked... ♪
1956 01:34:51 But did you talk to them about restrictingor doing anything to prevent people
1957 01:34:56 from buying, not sellingbut buying, in GameStop?
1958 01:35:00 Let me be perfectly clear.
1959 01:35:03 Absolutely not.
1960 01:35:05 ["Savage" continues playing]
1961 01:35:30 As for me, I like the stock.
1962 01:35:32 ♪ Mwah ♪
1963 01:35:35 Hurry up, dick, it's cold.
1964 01:35:37 I can't believe you're my brother.
1965 01:35:39 You look like a fucking Ninja Turtle.
1966 01:35:40 - Ready?- Yup.
1967 01:35:43 - Set... What?- Fuck you!
1968 01:35:44 Kevin!
1969 01:35:45 ["Seven Nation Army" playing]
1970 01:35:47 C'mon, Kitty!
1971 01:35:48 [thunder rumbles]
1972 01:35:59 ♪ I'm gonna fight 'em off ♪
1973 01:36:02 ♪ A seven nation armyCouldn't hold me back ♪
1974 01:36:07 ♪ They're gonna rip it off ♪
1975 01:36:10 ♪ Takin' their time right behind my back ♪
1976 01:36:14 ♪ And the message comin' from my eyesSays, "Leave it alone" ♪
1977 01:36:54 ♪ Don't want to hear about it ♪
1978 01:36:58 ♪ Every single one's got a story to tell ♪
1979 01:37:02 ♪ Everyone knows about it ♪
1980 01:37:05 ♪ From the Queen of EnglandTo the Hounds of Hell ♪
1981 01:37:10 ♪ And if I catch it comin' back my wayI'm gonna serve it to you ♪
1982 01:37:18 ♪ And that ain't what you want to hearBut that's what I'll do ♪
1983 01:37:25 ♪ And the feelin' comin' from my bonesSays, "Find a home" ♪
1984 01:38:21 ♪ I'm goin' to Wichita ♪
1985 01:38:24 ♪ Far from this opera forevermore ♪
1986 01:38:28 ♪ I'm gonna work the straw ♪
1987 01:38:32 ♪ Make the sweat drip out of every pore ♪
1988 01:38:36 ♪ And I'm bleedin' and I'm bleedin'And I'm bleedin' right before the Lord ♪
1989 01:38:44 ♪ All the words are gonna bleed from meAnd I will think no more ♪
1990 01:38:52 ♪ And the stains comin' from my bloodTell me, "Go back home" ♪
1991 01:39:15 [song ends]
1992 01:39:16 ["You Make Me Wanna Purr" playing]
1993 01:39:19 ♪ You make me wannaYou make me wanna ♪
1994 01:39:23 ♪ You make me wanna ♪
1995 01:39:27 ♪ You make me wannaYou make me wanna ♪
1996 01:39:30 ♪ You make me wanna ♪
1997 01:39:34 ♪ You make me wannaYou make me wanna ♪
1998 01:39:38 ♪ You make me wanna ♪
1999 01:39:56 ♪ You make me wanna ♪
2000 01:40:03 ♪ You make me wanna ♪
2001 01:40:05 ♪ You make me wannaYou make me wanna ♪
2002 01:40:09 ♪ You make me wanna ♪
2003 01:40:13 ♪ You make me wannaYou make me wanna ♪
2004 01:40:17 ♪ You make me wanna ♪
2005 01:40:36 ♪ You make me wannaYou make me wanna ♪
2006 01:40:40 ♪ You make me wanna ♪
2007 01:40:44 ♪ You make me wannaYou make me wanna ♪
2008 01:40:47 ♪ You make me wanna ♪
2009 01:40:51 ♪ You make me wannaYou make me wanna ♪
2010 01:40:55 ♪ You make me wanna ♪
2011 01:41:10 ♪ You make me wanna ♪
2012 01:41:18 ♪ You make me wanna ♪
2013 01:41:20 ♪ You make me wannaYou make me wanna ♪
2014 01:41:24 ♪ You make me wanna ♪
2015 01:41:27 ♪ You make me wannaYou make me wanna ♪
2016 01:41:32 ♪ You make me wanna ♪
2017 01:41:33 [song ends]
2018 01:41:34 [dramatic music playing]
