📈 Gamified retail speculation overwhelms fundamental price-setting

Chamath equities w=0.84 · n=160 · E172 (2024-03-29) · explicit_prediction · strength 2 ▶ 28:37 SUPPORT

“when you look at the products that service the retail market, they've also become increasingly gamified. Robinhood is probably the best example of having built an incredibly good business by making things more like a game. ... on top of the whole movement to sort of allow individuals to monetize their own name and likeness via the stock market, which we just talked about, the second movement is that a lot of these things are becoming less financialized and more gamified. And so you just have many more participants. ... you can have a GameStop moment in any of these things. You can have these zero-day options run the stock to the moon.”

Jason equities w=0.97 · n=105 · E172 (2024-03-29) · sentiment · strength 2 ▶ 33:20 SUPPORT

“When you have a small float like this and a rabid group of people who are gambling, you will get your face ripped off.”

Chamath equities w=0.84 · n=160 · E182 (2024-06-07) · explicit_prediction · strength 3 ▶ 43:21 SUPPORT

“they can get synthetically short. So they'll add leverage to this using all kinds of esoteric derivatives that other banks on Wall Street will happily sell them. And then when those are disclosed, then the Redditors can just pump it even more, which causes massive margin calls.”

Friedberg equities w=0.87 · n=120 · E182 (2024-06-07) · explicit_prediction · strength 3 ▶ 39:55 SUPPORT

“I don't think that there's anything about the actual performance of the underlying business in the security that you are buying or selling when you are making a decision about whether or not to buy or sell this security.”

Sacks equities w=0.89 · n=96 · E182 (2024-06-07) · sentiment · strength 2 ▶ 42:59 SUPPORT

“It's basically a game where the Redditors, they bid up the stock to levels that realistically it's not worth that much.”

Jason equities w=0.97 · n=105 · E182 (2024-06-07) · sentiment · strength 2 ▶ 58:08 SUPPORT

“the people who are betting on these things are not looking to get a 7% return or beat the average. I mean, they're looking to double their money in 48 hours.”

Jason equities w=0.97 · n=105 · E201 (2024-10-25) · explicit_prediction · strength 3 ▶ 30:19 SUPPORT

“I call them gen bet because they just want to bet on themselves”

Chamath equities w=0.84 · n=160 · E201 (2024-10-25) · explicit_prediction · strength 2 ▶ 29:20 SUPPORT

“they're actively trading on the side something, crypto, options, whatever. They're on Robinhood, they're using Coinbase”

Jason equities w=0.97 · n=105 · E219 (2025-03-15) · sentiment · strength 2 ▶ 1:02:20 SUPPORT

“this is the I think the upside of crypto in some ways, also the upside of prize picks or gambling poker. It's the upside of Robinhood and Coinbase and all these things being available. This generation, generation bet, like they love to gamble these young kids.”