InterviewTime -04- Justin Horn- $GME

On December, 3Oth 2020, the stock price of fading video game retailer GameStop, was valued at $18.84 a share. By January, 28th 2021, fueled by amateur investors leveraging social media, and commission-free trades via the addictive, game-like investment app RobinHood, the stock price had risen 1700%, to an all-time high of $483 a share, briefly making the company, once popular with millennials for selling used video game cartridges in shopping malls, more valuable than Delta Airlines, and leveling tens of billions of dollars of losses to several high profile Wall Street Hedge Funds. My guest Justin Horn, an academic philosopher, became an early investor in GameStop after following the compelling research posted on a bawdy retail investment subreddit called Wall Street Bets, by a user named deepfuckingvalue, who had bet his entire $53,000 life savings, that the Hedge Funds had exposed themselves to a short squeeze, by short-selling roughly 140% of its shares. In this episode, Horn and I examine the underlying thesis of the GameStop trade, discuss its narrative, political, and historical dimensions, and explore the potentially fatal consequences of our society’s relationship with risk. DISCLAIMER: The following program is an interview and discussion whose sole purpose was to better understand, from a cultural perspective, an unprecedented, and what may prove to be, historic situation, as it was unfolding. Neither the producer, nor the host, nor the guest, are financial services professionals. Nothing in this episode should be interpreted as investment advice. No investment decisions should be made from listening to the content of this program. Listeners should always practice their own careful due diligence research before making any investment decision.

LINKS

r/wallstreetbets

https://www.reddit.com/r/wallstreetbets/​

wallstreetbets Congressional Hearings Megathread https://www.reddit.com/r/wallstreetbe...​

READ

02/11/21 Wall Street Journal: GameStop Mania Is Focus of Federal Probes Into Possible Manipulation

by Dave Michaels

https://www.wsj.com/articles/gamestop...​

02/18/21 Reuters Explainer: How were more than 100% of GameStop's shares shorted?

by John McCrank

https://www.reuters.com/article/retai...​

VIDEO

YouTube Channel: Roaring Kitty (deepfuckingvalue) https://www.youtube.com/channel/UC0pa...​

The Big Short SQUEEZE from $5 to $50? Could GameStop stock (GME) explode higher?? Value investing!

https://www.youtube.com/watch?v=alntJ...​

YouTube Channel: New Money Robinhood CEO GRILLED by Elon Musk Over Gamestop Controversy (Full ClubHouse Interview)

https://www.youtube.com/watch?v=aicDI...​

CREDITS

Producer/ Host: Mike Baron

Guest: Justin Horn

Music: Olle Kö

Recorded at Studio42 | Los Angeles

CONTACT

Email: mike@interviewtimepodcast.com

IG: @interview_time_podcast

Twitter: @_InterviewTime_