Week 4, Jan 21 – Weekly Wrap Up
1.) Week of $GME
2.) $AMC Survives
3.) Decentralization?
4.) Chamath for CA Gov
1.) Week of $GME: if you know, you know. So many characters, so many twists and turns. Reddit, WSBets, Citadel, Chamath, Melvin, Elon, Portnoy, Cohen, Vlad, DeepFnValue. The internet has reached a new stage. The people have power and it’s…unpredictable
2.) $AMC Survives: kind of like Gamestop but different (but pretty much exactly the same) EXCEPT this is going to legitimately rescue the company. They wiped out $600M in debt and raised $300M via share sales. That’s how you thread the needle of a meme stock bailout in a pandemic!
3.) Decentralization?: between the de-platforming and the de-listing all in the same month…has there ever been a stronger argument for decentralized immutable alternatives? Strong argument for the crypto crew
4.) Chamath for CA Gov: Social Capital Founder & meme stock participant has also announced his candidacy for CA Gov if Newsom gets recalled. The REAL story though is how non-traditional political candidates are deploying gigantic social platforms to make waves