up with been told go to college, get a job make a living. frankly, that's just not realistic for a generation. it is really frustrating, the boomers think were lazy, you know the whole term pull up your boot straps and work hard, to get the same life they had? no, the world is very different these days the next pandemic in 2025 might wipe this all out anyway i have no time to wait for retirement you've got to will it into existence life just not fair, the world is a hot place, and the stock market which is the purest form of yolo. >> -- short sellers continue to get hurt by wallstreetbets. >> it's making me sick. >> this is populism coming for capitalism through gamestop. >> on the surface i can be pretty scattered. in the water though it's coming for me. because you're seeing everything is quiet. you hear your bubbles, you hear breathing. and you just hear the water around you. i don't give a shit about risk. i was deployed to the middle east, we were doing anti-terrorism force protection, so looking for underwater ieds, things like that. i found out i had a brain injury. so basically have a system my brain, that was expanding and contracting during all my dives, all the time, i don't know, that nobody knew that. until i lost consciousness, and things started to go south for me after that. just kind of deteriorating mentally. and then i was drinking like a fish win if that i don't know if that makes it better or worse. >> they found a new coronavirus that traces back to the outbreak that we are seeing it will happen. >> i just actually bought the family business from my dad. i purchased gsp studio, which is garcia school in sports photography. i was looking forward to 2020 and beyond with the business. our spring season is just about the kickoff, right? school pictures, baseball pictured, a softball picture day. and you know, march hits. >> there are fears that the dow will drop, and job quickly. >> i remember literally on a friday night, i'm prepared for baseball to the next morning, 8:00 kinetic at the phone call, hey we've gotta cancel the shoot. and it's like domino effect. the next thing i know, my entire spring is gone. >> america has passed a grim milestone. >> we are on the verge of a medical disaster. >> as millions of americans are sheltering at home, with -- >> my mother was a tax accountant, so my whole life it was like, you've got to save, money gotta save money, gotta save money. which means, i did it. i don't have a savings account, i have a little bit. but for all the years i've been alive, it should be more. so, to make enough money to pay my rent, when everything went away, it's kind of like my rent still is due, but i'm on unemployment, and the numbers just didn't add up. reality hit a little, bit and i was like okay, we need to figure out a way to save some money, make some money, and that's when i got into investing, because i was just trying to make sure how to make some money back. >> late last night, the senate passed a two trillion dollar stimulus package. >> biggest bailout in american history. >> i got really good at call of duty in april. shoot, i come myself watching novellas i one point even past the time. oh my god, katrina, what did you do? i didn't know what to do. i went from working, owning a business, working 60 70 80 hours a week, two i can't do anything. and then at the time, i had extra money in the savings account, and i thought you know, is just sitting there in the savings count, let's see what i can do on the market. if i'm smart it'll pull warren buffett, movable take some time, but i get some winners. you never know until you play the game, right? >> we had $1,000. to our name. we are behind on rent, my car had just gotten repossessed. i'm also working on getting my va disability, back from 2015. literally two weeks after i did that, $100,000 shows up in my bank account. and my jaw hits the floor. i was like, this is life-saving. i'm already on reddit looking at, how do i invest a windfall? you read 50 or hundred comments, and you just take the most common one. pay off your vehicles, put the remainder of rate in vanguard, total market funds. at this point, i had never invested anything ever. >> so, i was spending every day just kind of looking at numbers, and seeing portfolios on the phone. and it's like, okay so, airbnb is like one 76. under armor is $17, and i'm looking at these things like, what can i start investing in. >> i was on reddit looking at all these different things, and i come across wallstreetbets. >> some on reddit, and it's like wallstreetbets. and i'm like what's wallstreetbets? >> dear viewer. the eu money? do you like money? does your money like money? does your money want to make sweet love in this with other money, and may have beautiful many babies? do you have investment accounts you don't understand or pay attention to because your meaningless desk job is all the excitement you need? or are you a traitor? >> i love the sentiment and wallstreetbets. i love it. i was like, these guys are flocking knots. >> in an irreverent corner of the internet, therein lies a -- who discuss their positions and strategies, speculated over the markets movement, and provide sage advice to the humble stock trader hit just so happens to stumble on this fine community. >> wallstreetbets. >> hello, i am the surge acolyte, i'm here wherein the -- because i'm a millionaire, and i like to stay anonymous. >> i tell my friends, this is a crazy subreddit, guys are making money, they're also going to work so if you like risk. . >> i saw all the people posting million dollar games over the past year. i was like the sounds like my kind of place. >> you see the success stories of dudes who made a random call, and they came out with 100 grand. >> and it's, like you're gonna get sucked on taxes, have fun with that. >> faking bros club, which is kind of fun. >> there's a word on there and never say in public. >> and i'm learning about all these different loughlin goes that are kind of fun. like diamond hands, paper hands. i'm a bro now. >> the whole joke is like diamond hands, you have to not really treated like money. that's when i took 350, 000, and i yellow the flick out. >> if you're like me, and you're watching every minute of your favorite stop, you want to be able to be with a group of people all screaming in terror. if someone carlos leaves talks are gonna go up, that's gonna go down. the important thing is just hold on. >> you've got the memes, putting rocket emojis when you think is gonna be rich. apes alone week, apes together strong. it's so true. the ap is the unsophisticated investor, you can go to wall street investors, and buy shares of a dying company, and you will receive accolades. >> at this point, i really didn't have a single amount of technical analysis, or able to do anything like that in the stock market. but i knew, bylaw so hi, my name is kirsten, and i am storm queen. >> i'm learning all these different things and it's like by mc, by blackberry, by bed bath and beyond, and it's popping. >> a lot of these guys are in the that's-ing him -- and went to like 50 and i just miss made a bunch of money on that, and went down, and i was like i don't know what the book i'm doing, i made it. then went back about, i was like homogeneous. >> everywhere else on the internet, people are trying to be their best self. on wallstreetbets, we just acknowledge that we're all idiots. >> wallstreetbets came on our radar, and we first started to talk about with tesla in 2020. wallstreetbets would make me, or joe kind of about what was happening. we test was going to $7,000 a share, and the stock would start to go up as everyone got on board. that was the first real sign that the retail market was having an impact, in a stop. >> well thank you all very much this is a very important day i've signed the biggest economic relief package in american history. brent kochuba and i must say, or any other package by the way. >> back in march of 2020, the march market was crashing, and the amount of money that the federal reserve came with blew away anything that they ever provided. -- we they just flooded the market with cash, and support everybody. >> the latest round of stimulus checks, already starting to show up bank counts. >> the stimulus checks are coming, so the question now is, what's the best thing to do with it? >> the idea was that the fed was providing so much stimulus, there's these giant loan programs. there's all this money flooding in, and a lot of people were sitting at home with nothing to do, and the stock market was open, they had a check in their pocket, and were all backed by the federal reserve, so let's invest, let's trade. >> you ever think about trading stocks? robinhood let's who trades talks with zero commission. that's why right, commission free. >> robinhood, making it easy for the average investor and stuff. so cool, because granted, nothing against charles schwab or any of these other ones, but they just look like my father should be there, and not me. >> nothing is easier than we can attribute the robinhood app. i just bought some stock. >> the user interface is in idiot proof, example a right here. it makes it fun, too, when you put money in the confetti falls, it feels a chaotic casino. >> this is the first time in history, that someone with a very small amount of money, you can go get involved in the stock market however they want, to know a county minimum, snow commissions. you have absolute freedom. you can get approved for stock market trading with $200 in your account. that was unheard of before things like robinhood. >> you want to know what disruption really looks like? well, you're looking at it. as of today, 10 million people have invested in robinhood. >> the ceo, vlad tenev, who is the co-ceo of robinhood. >> in 90 days, the one from the 300 most downloaded up on the app store, to number one. >> we believe that the more people that have access to the markets, and could start investing earlier, the better off our economy will be. >> so suddenly, instead of looking at, tiktok, youtube and instagram, people are looking at robinhood's trading application. >> i have a little bit of an addictive personality,, so we could go it's not a secret. so became like my flocking thing. >> you start making money, and you start seeing your count go boom boom boom, and you get hooked real quick and real fast. >> it did feel a little look like a game, and again i'm a gamer. and when i started with robinhood, the first thought was that they give you a free stock. i guess ironically mine was gamestop. which, i was very upset and offended by the time. d only 24-hour steroid free spray. while other allergy sprays take hours astepro starts working in 30 minutes. so you can... astepro and go. so how many vaccines have you given to people? 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and no one will notice it? genius. now this is eargo. made to be heard. not seen. i think i changed my mind about these glasses. yeah, it happens. that's why visionworks gives you 100 days to change your mind. it's simple. anything else i can help you with? like what? visionworks. see the difference. what's it going to take for the world to reach net-zero emissions? it's going to take investing in some things you've heard of and some you'd never expect. it's going to take funding innovation in renewable energy, helping reduce carbon footprints, and big bets on environmentally conscious construction. citi has committed 1 trillion dollars in sustainable financing to help build a better future. because to reach net zero, it's going to take everything. ♪ ♪ every search you make, every click you take, every move you make, every step you take, i'll be watching you. the internet doesn't have to be duckduckgo is a free all in one privacy app with a built in search engine, web browser, one click data clearing and more stop companies like google from watching you, by downloading the app today. duckduckgo: privacy, simplified. director: scoot over 1 inchto your right, alvan? there you go. and just real quick,tell me what is jeffamazon? what isthat name? how did you come up with it? real quick, what is that name, - yeah. jeffamazon was reallyan experiment, for me, how do you come up with? it >> jeff amazon was really an experiment, for me, to figure out if i could create an online persona that was so good at trading, that it would be interviewed in a documentary. and it turned out to be true. there are always many different forces in the stock market. so, i guess if you could imagine a boat in an ocean. there are occurrence pushing against you, and maybe people paddling, maybe if you have a sale the wind could help you out. but whichever force is the strongest, that's the one that matters the most. my name is a symmetric betting. the ability to put in a small amount of capital, and to receive extremely large returns, between ten, 200, thousands of times returns. so what this means is kind of spotting bubbles. you have to basically assess every single possible data point that exists, everything from interest rates to retail sentiment. i was looking into these opportunities, and i think i found one. gamestop jumps double digit percentages when random we can september. i thought, whoa, what's going on with gamestop? >> gamestop is a brick and mortar retail store, the basically sells consul games. it was a company that was run, fairly poorly. >> it's kind of a failing company. you can almost compared to blockbuster video. the business model is not really the best. >> i still thought that this was a dime brick and mortar store, people are gonna go digital. but i looked into it, and looked at everything on the internet about game stop. and roaring kitty was one of them. >> what up everybody, this will be the first video of the kitty corner. the market is kind of forced this one, the stock i'm gonna talk but it's gamestop. i know it's a polarizing stock, some people won't turn into the stream when it they hear abolition gamestop. >> i thought he's one of these crazy guys with the cat as a logo, and there's nothing about his background. but i figured out that he was also an extremely prudent, responsible, knowledgeable investor. >> gamestop is the only brick and mortar store dedicated to gaining. suppose over the next, hear the management can craft an arid of that comes out at 2% share of that rapidly growing 50 bought billion dollar gaming industry. >> i fully understood where he was coming from, because it was actually technical analysis, in my opinion. but it was just totally different type of analysis on trades than the typical students were looking at. >> i actually went on one of roaring kitties streams, and she started doing a lot more research, and then ryan cohen announced his stake of 9%. >> ryan cohen is the founder of chewy, it's the only company that went head to head with amazon, and just ate their lunch. >> this dude knows his ship in the e-commerce world. it does seem like he was forward thinking. >> after that, i was just in full information gathering about. >> hey, jeff amazon, welcome back. >> we were just getting to really know the company. >> i just think that the sentiment is so negative that it's overdone, i want to get that in a sec. >> i suppose for michael barry, i knew who was, i've seen the big short. there is an article about him investing in gamestop. i could see why people think it's gonna guarded business, but they seem to be making someplace. >> and then i just noticed this extremely astounding figure, the 140% short interest figure. >> 100 and 40% short interest ratio. that means there are more shorts than shares that exist. all of the shares outstanding for the company were basically shorted, which is absurd and unprecedented. >> so i tried to look for historical precedent on what would happen if something was over 100 percent sure did, but there is nothing. >> well when you sell stock short, you're betting that the market is gonna go down. and if you're wrong, the stalking go up against you very sharply. and you have to close that position, usually at a loss. you can see guys on wallstreetbets, i knew what they were doing. these guys are smart, they understand that okay, we can get leverage on this thing, right? i know that if we gather together, there's a point here at which we can really push against hedge funds enough to kind of weaken, and we could force a stalker. -- >> squeezing out all the short players from the market. that's a short squeeze. >> you've got to be really greedy to keep shorting gamestop, when i was at like $6 a share, or something. that means, if you're starting at $6 a share, you're only profiting if it goes below $6. it was a post by jeff amazon, it was a post by jeffamazon, where he kind of laid out the gamestop thesis. >> i read this post called the greatest short burn of the century, my brother who's an actor who's gonna come read it for me, because it's too crazy to do it myself. >> what's up gamblers? jeff amazon here. feel bad about missing the game train on tesla? fear not, something much greater and stupid or, is here. you know citadel? the market maker who took all the money today? now we won't be at the mercy of the market makers. instead, we will temporarily join forces with the galactic empire, and hijack the death star. our choice of weapon, gamestop. gamestop. three big things will cause this. ryan cohen, retail option buy-in, and market makers like citadel. it looks like this, retail robinhood years by a bunch of calls, this will force market makers to buy shares, increasing the price even more. retail investors by even more options, again forcing the market makers to purchase more shares, pressuring shorts to close, institutional investors will catch wind and join in, gm e.t. heads to 400, and we cash out. >> this one is special, because we have great underline news. to be clear, this will happen whether or not we participate. but i prefer us to be a part of history. >> it was a very compelling thesis. i've never seen something like this before. i'm no stranger to something called a short squeeze, where all the shorts, they have to cover on top of each other, right? and the pressures of the moon. but at the same time, it also had a huge downside, right? >> gamestop announced today that its closing hundreds of stores. gamestop, the biggest video game retailer in the world announced today that it will close up to 200 stores by the end of the year. >> that's pretty sad. >> like, it could go bankrupt, that was always kind of the bear case. f th bear case. charging something like a hundred bucks a window when other guys were charging four to five-hundred bucks. he just didn't wanna do that. he was proud of the price he was charging. ♪♪ my dad instilled in me, always put the people before the money. be proud of offering a good product at a fair price. i think he'd be extremely proud of me, yeah. ♪♪ announcer: type 2 diabetes? discover the power of 3 in the ozempic® tri-zone. in my ozempic® tri-zone, i lowered my a1c, cv risk, and lost some weight. announcer: ozempic® provides powerful a1c reduction. in studies, the majority of people reached an a1c under 7 and maintained it. ozempic® lowers the risk of major cardiovascular events such as stroke, heart attack, or death in adults also with known heart disease. and you may lose weight. adults lost up to 14 pounds. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. gallbladder problems may occur. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. join the millions already taking ozempic®. ask your health care provider about the ozempic® tri-zone. announcer: you may pay as little as $25 for a 3-month prescription. matt kelly: my hunches keptgetting confirmed, my hunch is kept getting a little bit at a time. confirmed, a little bit of the time. most of my friends, i was telling thought i was crazy. i was telling my friends who had an investor in a long time, i can barely explain it, i sound like some qanon and same person, i like that this guy ryan cohen who's doing this in that. and they shorted, i don't even know that, means but that's what's happening. and they're like dude. i got it my wife and i'm like hey, i really think this could go up to 50 bucks or so, it's that like 13 now. i think that's likely given. i think that will happen for sure. i mean, maybe even $100. that would be insane. i think i'm gonna put half of everything in it. she's like, why don't you just go all in? i was like, what are you talking about? she's like, well if you feel this way, go all in, right? >> you really do only live once, you only have one shot, so might as well do something talking crazy a memorable, because of it's crazy and memorable people remember that ship. because if you do stuff that boring bullshit, stupidest way that everyone else does, you're gonna lose and you're not gonna make much, i know it's gonna care about you. >> it felt risky. i bought about 2300 shares the gamestop, at $17 that averages about 45 gram. >> the stock is about $68 when i first bought him. ballpark, it was about $30,000. >> i started investing last year with $40,000. and ended up putting it all in on gamestop. >> 88,000 shares. in november, 2020. at $13. >> i mean, you do the math yourself. i think that was close to one point $1 million. so i was one of the first whales in gamestop. >> i posted my yellow to wallstreetbets. and man, that i get, you're faking idiot, but the puck is wrong with you? >> if it isn't clear, i'm not betting that gamestop doesn't make the -- >> i was excited when i first got the idea. after that, i was kind of annoyed, for quite awhile, because it didn't happen the way i expected it to. >> wow. then, history in the making. there is a lot of hype leading up to the earnings report, and whether ryan cohen was gonna make a move or not. >> greetings, and welcome to the gamestop third quarter 2020 earnings call. >> i remember being a cocky ass hole, literally playing the final count down, making sure i was physically ready for the earnings report. >> -- which are subject to various risks and uncertainties, that could cause actual results to differ materially from expectations. >> you had legendary investors, like michael burry and bill gross, washing the earnings call. >> we continue to reduce expenses, delivering over $350 million and expense reduction so far this year. and, we are pleased and the quarter with almost 300 million more in cash, and restricted cash, compared to the end of the prior year third quarter. >> and, gamestop if shooting, up this is it. this is a squeeze, it's finally happening. i was like literally, jumping up and down. >> in the third quarter, we believe the pandemic -- >> and a couple minutes after, is it just starts tanking, unlike this is me, what is this mean? >> we post almost 800 stores worldwide since 2018. >> and starts taking even more, and i'm like oh falk. >> and has just lost 16 cents a share. >> a crash like 15 or 20% instantly. i was like whoa, i just lost some serious money. >> they didn't even take a q&a session, george chairman, kind of a boom, or just read off script. if they had done anything, they can make it better. >> i'm buying christmas presents to stop the kids, and at the same time i'm starting to instill confidence my wife that this is gonna work out, i'm not gonna solve for a law, stocks are gonna go up, right? >> that's where i got a little cold feet, i got some paper hands. so i sold my shares, probably in december, in mid to december. >> 88,000 gamestop shares at $15. yeah, i was off by a month. shoot it?” suggests the scientists. so they shoot it. hmm... back to the miro board. dave says “feed it?” and dave feeds it. just then our hero has a breakthrough. "shoot it, camera, shoot a movie!" and so our humble team saves the day by working together. on miro. girls trip. ♪ it's the most wonderful time of the year ♪ get fast relief of your worst allergy symptoms. including nasal congestion. with powerful claritin-d. so you can breathe better. feel the clarity and make today the most wonderful time of the year. claritin - d. thanks to chase, angie's not sweating this text since there's zero overdraft fees if she overdraws by $50 or less. and, kyle, well, he's keeping calm with another day to adjust his balance if he overdraws by more than $50. overdraft assist from chase. make more of what's yours. [christmas music] welcome, boys and girls, welcome boys and girls, to the to a sir jackalotchristmas carol. third sir jackalot christmas carol. gather on my degenerates, grab some eggnog, and find a corner of your mother's basement. this toast here is mine, my magnum don opus. now listen, my conviction for the gamestop mother of all short squeezes, was insane. -- that's all my net worth. at 20% earnings drop, oh man oh man, it hurt, it really hurt on a spiritual level. it gave me a hug taco bell levels of stomach cramps. i felt like i needed to cool down. we are going to the holidays, there is a british -- we had a hedge funds manipulating stuff to get holiday bonuses, this all felt kind of dangerous. so i ended up selling only gamestop shares at $15.50. yes, i had a case of paper, hands i admit, i was wobbling back and forth in a fetal position all day. good talking renounce 2020. let's all hope 2021 will be better, right? >> usa, usa, usa. >> i think that millennials, we realize that there was and there could have -- this >> spoonfed, was garage. work, do this, you have a great life. you just put our asses in a dead system, no wonder why we're not happy. >> at 11 we had columbine, then we got september 11th, then we got like what, virginia tech? then the stock market crashed, the bubble. we can get jobs. the pandemic. black lives matter was happening to, and everyone is checking in on me. are you okay? are you okay? and i'm like, are you okay? like, this isn't new, this is new for you. then, with the gaslighting for the last president, to the election. it's been like 19 i lifetimes in a year. -- but things that just aren't real. >> the other thing too about this time, is that my fiancée was pregnant. that was one of those things where it was like, oh man, this investing thing, i should be smart about it because now i have a baby coming. so this could be money to set aside for formula, or just doing the baby's room, doing the florida house. all these small things you hear, of a baby's gonna change your, life you need all this money for stuff, i had no idea. i had a dog. >> when covid did hit, my dad's bar and restaurant had to be shut down. it was kind of scary, because we had no idea how long this was going to last. that's when i started working at a grocery store. i was buying stocks during the lunch break. i was like, preparing for the absolute worst, and i was able to help them out and obviously be financially stable on my own at this point. but i was down to 490 doubt dollars in my account, and i was like ship. i might not be good at this. -- >> money to me is an end all be all deal. what money means to me is that it means escaping the rat race. -- it means spending time with your kids. i kind of this constant anxiety that i'm going to fail, that if i start to have more problems with my brain, where i can't work, that my kids will be okay. that we will have something to pull back on. >> let's talk about how the company, jim, and that's gamestop. is it too late for gamestop? >> i hate these guys, i hate them for a long time. can gamestop fail? i think it can. i think it can fall that much, and i wouldn't be around they're trying to make some money with it. >> i'm really starting to doubt myself, i'm really starting to doubt and what i believed, what's gonna happen, and the price is falling. >> in the middle of january, my 30,000 investment dropped down to around 5000, it went down a lot, they basically to zero. >> there's a lot of people that are very bullish on this stop, and the idea is that it's a turnaround play. >> there's a lot of people that are bullish about the housing market in 2006 and 2007, there are a lot of people bullish about two lips back in the 16 hundreds. >> i thought it was just gonna lose at all and just have to start over and keep working at my company for longer, because i've been prolonging some credit card debt to play this. >> in fact i thought, this is never gonna happen. new astepro allergy. now available without a prescription. astepro is the first and only 24-hour steroid free spray. while other allergy sprays take hours astepro starts working in 30 minutes. so you can... astepro and go. i think i changed my mind about these glasses. yeah, it happens. that's why visionworks gives you 100 days to change your mind. it's simple. anything else i can help you with? 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[birds chirping] andrew left:we are always told there's we were always, told there's only two things that arefor certain, death and taxes. only two things that are for certain, death and taxes. there are actually three things that are for certain. death, taxes, and innovation. and that's a good thing. when you do innovate, there's someone -- who has been disrupted out. case in point, netflix. everybody remembers, but netflix used to send discs in the mail. netflix made one of the greatest pivots in corporate history, and became this wonderful streaming service. when they became a streaming service, who suffered from it? blockbuster video. blockbuster video could've also done what nothing stud. so if you short blockbuster video, doesn't mean your bad person, but you understood innovation. every corporate ceo knew that they could do nothing, and the stock would go a lot higher, if they -- most wall street research was tied to companies that someone had a vested interest in making new relationships. we're not citibank, we're not goldman sachs, we don't have to play nights. in 2000, eight where is the research on how stocks could go lower? wall street doesn't put out that research, short sellers but all that research, activists search short sellers. >> might as morning to you? i would just love to know what you're doing on your phone. i just love to know her texting. i just love to know, if i'm this morning to you. talking guy flies in for new york, on this morning to you. i was asking, put this in the documentary, a documentary would be how i could be -- >> oh he's a citron guy, citron we called it. the whole point of that companies to make money shorting stocks. they'll short of stop, and put out a hit piece on it, hoping that the stock tanks, and are able to make money on that way. >> go to a mall today, go to banana republic, walking to gap, you could swing an umbrella and not hit anyone. >> i don't think investors actually know what they're buying. >> whatever, peloton. >> is that your entire business? your short seller, that's all you do? you bet against something? >> so i like to make money on the stock markets, every which way and i can, but my specialty is short selling. >> exceeding i knew this year, i put myself in the middle of the gamestop phenomenon. unknowingly. we -- and you citron wanted to do a little weave surgery on gamestop. >> this is david citron research, and we knew five reasons why game stock is going to $20. >> i want it i was curious -- i was always looking for information to prove my thesis wrong, so i can exit the trade. >> numbers don't lie. peoples lie. i know, everyone on twitter never has a new losing straight, everyone and read it is a market genius. i hear it all the time. >> he went through all the talking points, which were kind of bullshit. >> the first question have to ask is, why they're high shortages? their current business is just drowning. sydney >> and i've never seen any reaction like that. all of a sudden, we're kind of gamestop because he's posting this. >> you can get mad, you can hike my account, you can go to twitter, you can sign on comey every game. if you want to save the company, take your energy go out there, and actually buy something from gamestop. >> andrew left of citron research, reactions desk? >> the day after bose that video, gamestop went from $43 to $65 a share. >> cheers to ryan cohen, unbelievable jump. >> citron and danger left, those guys think it's going to 20. >> pretty obvious what the price target is right now. i mean, it's almost certainly going to $420.69 right,? kidding. am i? >> this is where stuff started to shift for me yuck. >> i'm not sleeping at all, and i can't focus on anything else. i'm compulsively looking at my phone. and i started buying into the whole diamond hans thing. >> i think luck is when preparation meets opportunity, and this was an opportunity. >> monday morning rolls around, and my friend theo he messages me like, hey man, i don't think gamestop is gonna do anything more, i don't think it's going any fire, i'm just gonna. so i'm like, don't sell, do what the hell is wrong with you. literally ten minutes later, it starts going. >> stop furred gamestop is up dramatically. >> it's been just swinging wildly. >> the week of the squeeze, i was describing it to my girlfriend as i'm in the nba finals, i need to be on all cylinders. this is like when i have to execute, it's probably the most important week of my life. >> i got my stimulus, so i started throwing my stimulus and it, and i'm feeling cute. then i'm watching the numbers, and they keep going up. and i'm like, yeah, maybe this is something. >> gamestop is known as the world's largest video game retailer. the stock is now the center of a david versus goliath story. shares driven by post on the form, wallstreetbets. >> my wife and i are driving to meet our realtor, and gamestop is moving. >> there are potentially billions of dollars in investor dollars, on the line here. we're supposed to be looking at houses, and i'm like, i can't look at houses, i'm standing my phone she's like this in this, and i'm like that's great. this is a great house, let's just get this one. >> the company surged as much as 100 45% today. >> but this increase will not last. >> it's just lunacy. >> this is the week right, where i'm high and mighty, i feel great. i'm making almost a year's worth of salary in a month. everybody is at this point, just sell chris. you've got 23, 000, you have 24,000 in there. but what if? what if the charts are right, this 24,000 turns it turns into 60, 000, 70, 000, 80,000? you never know. >> hedge funds have lost millions by betting against the stock. some little guys stand to make millions. >> faulk, i missed it. >> the thesis was right. the group was right. the apes are winning. my name is tonya, i am 42. as mother of nine kids, i think i waited this long to get botox® cosmetic because i take like no time for myself. my kids are sports kids. we're always running from one activity to another. i'm still tonya, and i got botox® cosmetic, and this is like the first thing i've done for me in a really, really long time. my life is still crazy, it's just as full as it was before. just with less lines. botox® cosmetic is fda approved to temporarily make frown lines, crow's feet, and forehead lines look better. the effects of botox® cosmetic may spread hours to weeks after injection causing serious symptoms. alert your doctor right away, as difficulty swallowing, speaking, breathing, eye problems, or muscle weakness may be a sign of a life-threatening condition. do not receive botox® cosmetic if you have a skin infection. side effects may include allergic reactions, injection site pain, headache, eyebrow, eyelid drooping, and eyelid swelling. tell your doctor about your medical history. muscle or nerve conditions, and medications including botulinum toxins. as these may increase the risk of serious side effects. see for yourself at botoxcosmetic.com striving to reach the ultimate goal of zero poverty takes more than everyone's hopes and dreams. at citi, it takes a financial commitment to companies who empower people to lift themselves up. it takes funding and building on our know-how to help communities grow. that's how citi is helping create a better future by committing one trillion dollars in sustainable finance by 2030. because it takes everything to reach zero poverty. ♪ ♪ some days, it felt like asthma was holding me back. but asthma has taken enough. so i go triple... with trelegy. with 3 medicines in 1 inhaler,... it's the only once-daily treatment for adults that takes triple action against asthma symptoms. trelegy helps make breathing easier,... improves lung function,... and lasts for 24 hours. go triple... go trelegy. because asthma has taken enough. trelegy won't replace a rescue inhaler... for sudden breathing problems. trelegy contains a medicine that increases risk of hospitalizations and death from asthma problems when used alone. when this medicine is used with an inhaled corticosteroid,... like in trelegy,... there is not a significant increased risk of these events. do not take trelegy more than prescribed. trelegy may increase risk of thrush and infections. get emergency care for serious allergic reactions. see your doctor if your asthma does not improve or gets worse. don't let asthma take another breath. go triple. go trelegy. ask your doctor about trelegy today. reporter:some breaking news some breaking news this morning this morningon this gamestop story. on this gamestop story. gabe plot can say that it is been out, close out of position. >> the numbers and what he's down is dramatic. so the question will become there, what is the future of that firm? unclear at this point. >> around 10:30 or 11:00 in the morning, it comes out that this big fund, melvin capital, is short the stock, and feeling the pain. they are taking massive losses. this really emboldens the wallstreetbets crowd. they just took down a hedge fund. >> once people did find out the melvin was probably one of the larger short parties, there is a lot of hate towards melvin capital, a lot of hate. >> once people realize that melvin was losing money, that citron was losing money, they suddenly became a whole movement. >> we can change the biggest economy on the planet, and break wall street. >> the number of the community keeps growing, it's like 4 million people, and then the next day it's like 5 million people. next day, 6 million people. and then the news cycle starts taking over. >> the online army of average investors dealt a blow today, and their fight against the wall street establishment. >> thousands, if not millions of them decided to buy up that stock be used to be cheap. >> media is talking about this wallstreetbets, the form is exploding, everyone wants to get a piece of this thing. >> the swings were insane. when it went to 1:50 this time -- then watch just plummet. we and he called paper hands, but i sold a decent chunk. >> i was also kind of unsure, so i sold off about half my shares. i remember not sleeping that entire week. >> it was very hard to make decisions at that point in time. >> you could see the risk in his name, the stock went from ten to hundred and 50. most should go from hundred 50 to 10, 000, no limit now. >> who knows how high this can go. it can go to 1000 or 2000. >> you don't overreact, or try to steal it all -- you want to be extremely disciplined. everything that you're trained to do, so i was training myself to look for this moment of euphoria. and then, right before after hours, elon tweeted game stock. . >> leader of this revolution many of these small guys are pointing to elon musk. >> the god. the king. the meme master himself elon musk, has tweeted about gamestop and wallstreetbets. we are on his map. >> if you happen to be on social media, and you have a great reach, is that not power? is that not influence? >> diamond has, maybe time it has. to the moon boys, to the moon. >> it did hit for 20, ladies and gentlemen. the magic for 20 has been achieved. congratulations, you were here. oh for 2069, take a screenshot. >> the esteemed for 20, people were saying $1,000 is not a dream anymore. $1,000 is not a me. >> it's been like this fairytale, this myth, the mother of all short squeezes. >> good evening newly minted ready millionaires, i'm sure all of you are watching this from the marble bathtubs on your hovercraft. >> i don't think it's going to get swept up by the greed in the ego but i was, anyone who can stomach 10 million dollar swings in their portfolio it's sort of crazy. >> has everyone been following this crazy gamestop? >> gamestop is a store in the mall, between the clippers in the julius. >> my parents asked if i was in gamestop, how this is affecting you. i said yeah, i'm making a bunch of money with this, i told my dad let's go to florida. >> we're seeing $200, 000, $300,000. $300,000 in my tv ameritrade account. i'm like okay, we're taking this money and buying crypto, i started investing in wine. >> what color far are we getting, suffolk that. i'm not selling, this i just went 15,000 a share. >> surprise. gamestop is up about five x from when i uploaded those videos over the summer, so that's great to see. when you have a thesis, and by alarm you hope that it could. that's nice, so it shouldn't be taken for granted, it doesn't always happen. so declare some potential misconceptions, this was a true yellow for me. when i was building this position, last year, we had nowhere close to 1 million dollars. i certainly do not drive a lambo. we ran this house that you see. so it's been a wild ride for us as a family. and it has just been so much fun to experience that with the over the past couple of months. i hope you had some fun as well, and yeah, that's all. again, thank you to everybody, i hope you've had a fun time, and i'll see you around. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. >> tech: when you have auto glass damage, let safelite come to you. at&t 5g is fast, ♪ pop rock music ♪ >> tech: my customer enjoys time with her family. so when her windshield got a crack... she scheduled with safelite in just a few clicks. we came to her house... ...replaced the windshield... and installed new wipers. that's service on her time. >> grandkid: here you go! >> tech: wow, thank you! >> customer and grandkids: bye! >> tech: bye! don't wait, schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ >> all right. >> i can see you. kind of freaky. i figured you guys would like the mushroom. this is a company i invested in, not the sweatshirt company, i was the first investor in psychedelic's. and it's a billion and a half dollar company today. maybe two billion dollars, i don't remember. so cold, right, which is kind of a 3000 year olds, it's worth came from the gods, the ads text on the incas, and the egyptians all thought it had value. the total amount of gold on earth today, that's the total amount that is a vermin mind in history, could fit in a cube 55 feet across. so think about it, you can almost fit in this, room right? that's it, that's all the gold. you can put it in central park, people will be like that's all the gold in the world ever? it's worth ten trillion dollars. now how in the hell is that worth ten trillion dollars, it's a sculpture. i bought a lebron james rookie card $4 million, it's now worth 5 million. my mom thought i was insane, $1 million on a basketball card? we can pokémon cars, if you had a charles ours it is worth like $600, 000, it's a social construct. it's got valley because we say it has valley, that's it. you look at somebody like elon musk, he's created a culture around him, a religion around him, and people you can't speak sense to them, they've got their own model, even if the model doesn't make sense there gonna buy you on stuff. and the thing with the gamestop story, we had a bunch of young kids who are really savvy, who figured out, the stock is trading for very little, there's a lot of short interest, we can buy options and drive it up, and squeeze out the shorts. once they started going, it became a social phenomenon. and an effort to the system. there is a nihilism to it. >> some guys are treating things like, i don't, care i'm yellowing my life savings. and almost like a badge of honor oh -- there is a grace hints,, that it can last, it's not the way the world works. there is not a good enough story, not good enough mid around gamestop, that it will be a long term sustainable game. and the original guys, probably, solder made a lot of money. what was so scary to me, is that the bulk of the people that are participating in this revolution, aren't investors. they're along for the ride, they're listening to their friend, in all likelihood it will and ugly win. >> i talk with my wife about like, there's a really strong feeling that this could go to $1,000 a share. this whole thing could go to $1,000 a share, we'd have like over $2 million. $1 million doesn't seem enough for me anymore. the psychological impact that this amount of money has, you see money in a different way. côte d'ivoire so i sent my limit sell on all my accounts to $800. the first night i went to sleep in like weeks, i don't think much was gonna happen thursday. i was wrong. >> so at the gym, naturally all my stories. and this is before the 9:30 mark it opens. this is the thursday. my portfolio is set. it's cute. i'm looking at it, and every single number is popping, popping, popping. and i see gamestop hit, it was that like for 67, four 97. i'm trying to go in there, like maybe i'll buy one more mc. it's like i'm sorry, you can't buy more. and all of a sudden you see a boom. i'm like, with the puck? >> we're seen reports that robinhood is restricting purchases of some of these stocks, including gamestop and amc. >> i wake up that morning, right? when my buddies hits me up, and he goes hey man, you can't buy. >> i'm like what you mean you can't? buy he's like going to robinhood. robinhood stock trading, you near the stop. >> robin who blocked uses from buying shares of gamestop, and other shorted stocks. >> that, morning i woke up to like minus ten or $15, 000, i was like this is the toughest it i've ever had. >> these sites suddenly allowed users only to sell their positions, not to get new ones. >> robinhood put out a statement, in light of recent volatility, we are restricting transactions for certain securities, to position closing only. we need you can only sell it. >> if you can only sell stocks, then those talks only go down. >> i go to work, and i'm standing there, i'm giving a presentation right. and i'm on a zoom eating with 100 people, and the price drops to about 120 bucks a share. i'm in the middle of a word, i looked down i see that, i just freeze. i stop, like i can't. i'm sick to my stomach. i don't know what the flick i'm doing, i'm like why. 1 million dollars as million dollars, what is wrong with me. >> after surging yesterday, the stock dropped 44%. >> and then immediately paused backup. >> it hits an intra day high of $469. >> but the next thing you know, it's just tumbling down. you couldn't stop it fast enough. and you're watching, it is like by the minute. i'm like dude, oh. >> the stock dropped a whopping 44%. >> it was so incredibly stressful. >> janet yellin, treasury secretary, the fcc says they're watching. >> dude, what's the -- >> there it is, it's now starting to fall. >> i haven't seen anything like this in my three weeks of investing. >> gamestop is down 44% -- it shot back up, the price now stands at $212 per share. >> oh my lord, it was world war iii at my home. my fiancée was like what is going on, i'm screaming at the top of my lungs. i'm literally on the verge of breaking stuff, i'm like about to drive to menlo park with big red paint, and right paint cheaters just on your front doors. robinhood is like you take from the rich get to the poor, now robinhood is changing the rules the game, so they don't lose. >> the market will take care of this, the market will show that gamestop is not a 500 dollar stock, or thousand dollar stock. it's a five dollar stock. >> you see a slew of negative articles, when analysts downgrade. >> last week wasn't a free market, it was a free-for-all market. >> i think there was something obviously wrong, and it's the gamification of wall street. >> jim kramer, that dude from cnbc is like, you guys one, you guys one, take the money. >> take the money and run, don't go for the grand slam. you've already won. >> you're putting a restriction on the stock, and it's causing the stop to lose value, and i can't do anything about it. not only that, but the only thing to save is to buy more stop, to drive the rice price the other way, i can't do that. >> if they hadn't cut the supply of shares off and they did, the stock would've gone into the thousands, multiple thousands. as you can imagine, that pistol lot of people off. >> what did they do? they said you can't buy, you can only sell. what's gonna happen to the price, it's gonna crater? >> this is gonna be a big shock, you can't stop this -- it's gonna make what you want 1000 percent -- [inaudible] >> i don't hear one person on tv talk about wall street trying to crush gamestop. 100 and 40% short. >> my wife said, we should sell data for closing. the prices go, now is still in the three, hundreds were still making out insane, more than we have ever dreams, whether we ever imagined. and i'm like no, stop them, i'm holding my shares. this is bullshit, they can't do the ship, they can't rig the game during the game in the middle of it. are you kidding me? this is insane. i'm stubborn, all right. because now it triggered this other thing in me, it's not about money anymore, it's not just about the money anymore, it's about the revolutionary part of it. with the sticking it to the man type of idea. >> this is about the time when wall street starts posting his -- junior globe are, things like this. >> and i am like diamond and handing the puck out of this, that's my mentality. ♪ ♪ ♪ >> the writing was on the wall that the rich and powerful can do whatever they could to prevent this from happening. >> i'm not taking lesson for 50. >> i wasn't taking any losses, i was gonna hold any stop for as long as i could. >> we're not going anywhere, you know him saying? we're not going. >> seven or 8 million more people will join the subreddit. psychologically, i'm jack to the tickets. >> millions of people in that frame, man, we are diamond hands. >> and unfortunately, you know, it is one of the situations of when the stock went down, it kind of stay down, right? and that's literally, it was getting so caught up in it, and getting so stuck in a diamond hands mentality, like don't sell anything. and that's literally what was essentially almost the beginning of the end, i guess you could say. allergies don't have to be scary. flonase sensimist stops your body from overreacting to allergens with a non-drowsy, ultra-lightweight mist. psst psst...flonase. all good! panera chefs have crafted a masterpiece... with a non-drowsy, succulent, seared chicken... a secret aioli... clean ingredients... in a buttery brioche roll. made fresh, to leave you... speechless. panera's new chef's chicken sandwiches. $1 delivery fee on our app. so we need something super disctintive. dad's work, meet daughter's playtime. wait 'till you hear this— thankfully, meta portal helps reduce background noise. zero lace model. adjusts to low light. and pans and zooms to keep you in frame. take a look at this. so the whole team stays on track. okay, let's get you some feedback. i'm impressed. great, loving your work. meta portal. the smart video calling device that makes work from home, work for you. ♪♪ energy demands are rising. and the effects are being felt everywhere. that's why at chevron, we're increasing production in the permian basin by 15%. and we're projected to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. joe biden and democrats in congress just passed a law that lowers costs for healthcare, medicine, and energy bills by making corporations pay the taxes they owe without raising taxes on any of us making under $400,000 a year. tide pods ultra oxi one ups the cleaning power of liquid. can it one up whatever they're doing? 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[music playing] matt kelly:it was a tuesday. and i'm just watchingthe price, it was a tuesday, i was and it's kind of justslowly trickling downwards. watching the crisis. slowly trickling downwards. i'm starting to feel nervous. i'm going to feel this anxiety. i'm reading wallstreetbets religiously. i'm seeing all these posts about like, it's gonna crash, all these things. so is getting in my head. the psychology is really flocking with me, that's where wallstreetbets is at. the sentiment is changed, now there's 1 million people on their, and all the shots happening. unlike all right. is that the senate now? people just thinking that, this is done, it's over? i felt like i fell into a cult, him ahead i was like, i feel like i got this cold mentality. . i've been preaching that for years, how did this happen to me. that's how i felt my head, i felt like had been lied to. i felt like i bought into something that wasn't true. >> once you started losing money, the margin calls were coming in almost daily. and for a while it was daily. it was like, you owe us $2, 000, you need to clear this up now. i was like ship, let me still x amount of stock of this, because before all their sides to seize my cash. -- for the robinhood gold. once i got there is like oh my god, dude, they're gonna give me like an extra a grand right now to play with. i lost thousands upon thousands over those next few days, and that was like whoa. there goes gigi's crib, there goes the car we had planned. those thoughts are gone, don't worry about it. oh went from, i'm gonna make so much money from this, to i got cheated out. i got cheated. >> a lot of angry customers out there, and a lot of questions about what took place and the decisions that you took you made. >> some of your customers are enraged. they say your side siding with wall street, this is a crime. >> it felt dirty. it felt an american. >> i don't get deep with it, but it kind of feels very american. >> okay vlad, you know everybody here watching this case you gots, right? >> for more so the narrative that is a real, he was a history book that is the truth, so china's, you want us to invest in the free market, that's a lie to. >> there's always been wealth inequality in this country. but here is our moment, this is our moment that we cape in to the public spotlight, the retail investors finally demonstrated their strength. we've got enough people involved in the markets make a huge play, and for it to slap that hard was huge. and then it got taken away from us. and i felt cheated on behalf of my community. >> my name is mike helped, i'm from tampa florida, and i make memes on wallstreetbets. i'm a gift memes, all kinds of memes. it's like the doctor seuss meme, i make news in the, train i make memes my car. i watch the show on hbo, chernobyl, it's messed up, but there is a guy suffering from radiation poisoning. he saluted period-ing, this is like a person's account, this is the average wallstreetbets so his account. and i feel, like the transit relationship to my generation has with money, is not our fault,, stick up for my people in my generation. we were born into the world where we are encouraged not to save, where we are encouraged to think short term. my credit cards rewards points get me more money than i say in the count. what does that say to you? the company is telling you to spend your money as fast as you get it, and that's what we're doing. >> how do you think has the power right now, in society? >> who do i think has the power in society? the rich. >> there's so much influence over the laws, regulations, -- >> we're giving billions, and almost trillions to wall street just for baylis. something needs to change. >> the rich have insulated themselves from the consequences of the economic system of abe helped produce. >> there's no excuse for thinking that something free in life, you've got to go out and earn it. and that's what america has always been. >> marcus just opened, and a gamestop surge appears to be over, with a stop now down 60%, well as of yesterday. but it is just more the numbers, it's peoples, lives their savings, their 401(k) s. >> it drops to about 100 bucks, on tuesday evening. i start to get sick to my stomach, i start to panic. and having a panic attack, and i'm like we need to get out of this, this is insane. we're losing all our money, what is going on? so wednesday morning, it's sold. february 3rd, i think, i sold all my shows 120 bucks. i share. i watched 1 million dollars go down the drain, 1 million dollars, and that's what's going through my head. it's my family's future, it is my future, this is time with my kids that i could've bought back. i felt, i didn't felt like i gained $350, 000, i felt like i lost 1 million. technically when enamel is gone, you cannot get it back. but there are ways you can repair it. i'm excited about pronamel repair because it penetrates deep into the tooth to help actively repair acid-weakened enamel. i recommend pronamel repair to my patients. to help actively repair acid-weakened enamel. when our daughter and her kids moved in with us... our bargain detergent couldn't keep up. turns out it's mostly water. so, we switched back to tide. one wash, stains are gone. 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the problem is going to most likely be, that the system is designed terribly, the system gets abused, and it they need to make changes. >> first of all, to me, this was a whole dog and pony show. >> first, robinhood securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds. >> you can see the way they're trying to weasel out of something. >> i understand it's part of the focus of the hearing is the decision of stock trading platforms to stop trading gamestop. i'll make clear on the exit that melvin capital played no role in this. >> they're not being honest and truthful about this. >> i want to be perfectly clear. citadel securities had no role in robinhood's decision to limit trading in gamestop. >> so citadel is a real conglomerate, they have a hedge fund, they have a broker, and have a market maker. >> mr. griffin, this is not meant new lady in a stock whenever you can short sell 100 and 40%. they think there should be a limit on something like that? >> i'm not sure it's worth us dead delving into legislative corrections for a very unique situation, in terms of the extreme size of the short interest. >> why could a stop be shorted over 100 percent? i don't even know how you're allowed to do that. >> mr. pleitgen, you made it comment in your testimony a minute ago, that you are not trying to manipulate stock, yet if you are short selling a stop 100 and 40%, explain to me why that's not manipulating a stop? >> anytime we shot a stock, our systems actually forces to find a borrower. we do short stocks in the context of all of the rules. >> the fundamental reason why this happened, isn't because we wanted to revolution constitutes funds, it's because there is an opportunity out there to form a short squeeze on a stop, and make some money off of it. and until the rules change, they cannot shortest akabas and short interest and there's no reason why there should be another one of these. >> i just want to get to what happens on that day in january. so let's take a step back here. that decision you made to restrict the buying. but not the selling of gamestop was based -- was based on pressure from anyone on the witness panel here today. >> not at all, zero pressure from anyone, it was a collateral repository klein decision made by a robinhood security -- >> is not the say robinhood was nefarious. they're probably negligent in their capital and risk controls. >> the decision to restrict gamestop and other securities was driven purely by deposit and collateral requirements imposed by are clearing houses. >> when it comes to, it they literally just ran out of money. if they knew that up front, be transparent. >> the irony of this entire thing, is that robinhood provided a platform for all these investors to pour into the market, and they added hundreds of thousands new accounts. people wanted to attack wall street, and the reality of the situation is, they broke robinhood. >> mr. ten of, you took from your customers in order to minimize the three billion from being larger than it probably would've been, because he wanted to protect your position. that is very troubling. >> they had to sacrifice somebody in order to resolve this, and they sacrificed the people that wanted to diamond hands their gamestop. and a lot of people lost a lot of money. >> so if anybody has a problem with your decision hall trays, it's fair to say that their frustration be directed towards federal regulation. >> congressman, i'm not trying to throw anyone under the bus, and direct frustration anywhere. all i'm gonna say, is robinhood security play this by the books, and played it basically the only way that we could remain in compliance with deposit requirements. >> wall street has got it to where they have every card, and they know every rule of the game, so where we are going to bend and then those rules without breaking them, and the problem is is that way they do, it's typical little guys will never be able to do that stuff, right? >> mister gayle, you are now recognized for five minutes, to present your oral testimony. >> and then look what's happening, right? you've got roaring kitty out here, who's getting called in front of an oversight committee, you letter kerrville to do this. >> thank you chairwoman waters, and members of the committee. i'm happy to discuss with the committee my purchases of gamestop shares, and my discussions of their fair value on social media. i also believe the current price of the shares demonstrates that i've been right about the company. a few things i'm not. i'm not a cat, i'm not an institutional investor, and i do not provide personalized investment advice for fees or commissions. the idea that i use social media to promote gamestop stock to unwitting investors, and influence the market, is preposterous. i'm just an individual, who's investment in gamestop, and posts on social media were based on my own research and analysis. i want to say that i support retail investors right to invest in what they, want when they want. and to send a message, based on how they invest. as for what happened in january, others will have to explain it. it's alarming how little we know about the inner workings of the market. as for me, i like the stop. >> alleging that he, as he says he likes the stop. the next day, sure enough, he doubles down on his position. and i'm like jen, i'm going back in. ♪ ♪ ♪ >> it's like end of february, i could just tell my job, leaving removing texas, whereby new house. and it shoots back up. so literally the same day, like 20 days before it starts going up, it's gonna 40 50 60 70, it goes up to like hundred $80 that day. i'm sitting there watching a ticker and i'm like, i need to do this now. i need to sell out, because i wasn't other stuff. i was like i need to sell for a lot to get back in right now, and i can do it. i'm holding to 2000 chairs again of gamestop. i'm not selling it for less than what i think it's worth. and what i think it's worth is way more than what they want to pay for it. so i'm holding for 1 million dollars a share. we i'm holding for the squeeze. nobody knows what he can go to, this is never happened before, and will probably never happen again. come, now if you come in five years from now, it's just turned into a long term investment for me. i'm hoping this is the biggest transfer of wealth that's ever happened in history. i'm still holding. from there, it right up to one 80, right up to 3:50, back down to hundred, because of the fluttery that is happening. and the manipulation that's happening, it's not following any traditional -- so in the last three months, i've just been doing research, learning about how the market -- how often are they doing this. and his gamestop special in a way where this is the first time they've ever done it, was especially the way that they've done this forever, some people say they haven't learned from this. we have learned from 2008, but they did learn. they did learn that those consequences to their actions. their actions. for all the freshness and softness of home. even when you're not at home. feel the difference with downy. ♪♪ my relationship with my credit cards wasn't good. i got into debt in college and, no matter how much i paid, it followed me everywhere. between the high interest, the fees... i felt trapped. debt, debt, debt. so i broke up with my credit card debt and consolidated it into a low-rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with no fees, low fixed rates, and borrow up to $100k. go to sofi.com to view your rate. sofi. get your money right. ♪♪ >> tech: when you have auto glass damage, sofi. get your money right. let safelite come to you. ♪ pop rock music ♪ >> tech: my customer enjoys time with her family. so when her windshield got a crack... she scheduled with safelite in just a few clicks. we came to her house... ...replaced the windshield... and installed new wipers. that's service on her time. >> grandkid: here you go! >> tech: wow, thank you! >> customer and grandkids: bye! >> tech: bye! don't wait, schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ want your clothes to smell freshly washed all day without heavy perfumes? 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. this might sound really really crazy, but what i've done with my portfolio in crypto. these past five months, i know set for life. i just have to hold. dead us. >> who says that a stock price has to be based off of cash flow. i, mean it's just what people are willing to pay for it. and again, what's morally or ethically wrong with that. that's just the game. dipped down. s] soon may the tendieman come to send a rocketinto the sun. one day whenthe trading is done, we'll take ourgains and go. she had not beentwo weeks from shore when ryan cohenjoined the board. the captain called "allhands" and swore he'd takehis shares and hold. [grunts] soon may the tendieman come to send a rocketinto the sun. one day whenthe trading is done, we'll take ourgains and go. before the newshad hit the market, wallstreetbets came upand bought it. with diamond hands they knew they'd profit,if they could only hold. 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