Episode
E38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
1:26:09
Published: Sat Jul 03 2021
Description
Show Notes: 0:00 Jason & Sacks hash out their Twitter beef 20:58 Robinhood $70M FINRA fine signals & S-1 news, plus how GPs think about IPO distributions 35:29 Delta variant: reason for concern or fear porn? 57:25 Trump not taking credit for Project Lightspeed, Trump CFO indicted, will Dems prosecuting Trump backfire & help him gain steam for 2024? 1:06:11 Future of Republican & Democratic parties 1:11:17 FTC takes a hit in Facebook case dismissal & Amazon requesting Lina Khan's recusal, does Facebook have the best case against being a monopoly? 1:19:42 Sha'Carri Richardson Olympic suspension Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Referenced in the show: All-In Stats - E37 https://newsletter.allinstats.com/issues/all-in-stats-episode-37-662814 FINRA fines Robinhood $70M https://www.finra.org/media-center/newsreleases/2021/finra-orders-record-financial-penalties-against-robinhood-financial Robinhood S-1 https://www.sec.gov/Archives/edgar/data/1783879/000162828021013318/robinhoods-1.htm CNN - The Delta variant will cause 'very dense outbreaks' in these five states, expert says https://www.cnn.com/2021/06/28/health/us-coronavirus-monday/index.html Google - US vaccine rates by state https://www.google.com/search?q=vaccination+rates+by+state&oq=vaccination+rates+by&aqs=chrome.0.0i131i433j0i433j69i57j0i131i433j0i433j0i395i433j0i395i457j69i61.3260j1j7&sourceid=chrome&ie=UTF-8 Experimental Assessment of Carbon Dioxide Content in Inhaled Air With or Without Face Masks in Healthy Children https://jamanetwork.com/journals/jamapediatrics/fullarticle/2781743 Politico - ‘Not a healthy environment’: Kamala Harris’ office rife with dissent https://www.politico.com/news/2021/06/30/kamala-harris-office-dissent-497290 Politico - DeSantis ‘very wary’ of upsetting Trump https://www.politico.com/news/2021/06/28/desantis-trump-gop-election-496367 CNBC - Judge dismisses FTC and state antitrust complaints against Facebook https://www.cnbc.com/2021/06/28/judge-dismisses-ftc-antitrust-complaint-against-facebook.html Amazon's petition for Lina Khan recusal https://s.wsj.net/public/resources/documents/AMZN%20petition%20re%20Khan.pdf NYT - Sha’Carri Richardson, a Track Sensation, Tests Positive for Marijuana https://www.nytimes.com/2021/07/01/sports/olympics/shacarri-richardson-suspended-marijuana.html Tweets: https://twitter.com/ALLIN_STATS/status/1409269704573820939 https://twitter.com/DavidSacks/status/1409282278270849028 https://twitter.com/Jason/status/1409282966354857986 https://twitter.com/DavidSacks/status/1409287404628938753 https://twitter.com/DavidSacks/status/1409554101713702917 https://twitter.com/Jason/status/1409289443161382912 https://twitter.com/trvrb https://twitter.com/trvrb/status/1410432407816212481 https://twitter.com/maggieNYT/status/1410682821358858242 https://twitter.com/SenWarren/status/1409649814308986888 https://twitter.com/DavidSacks/status/1409723626476216321
Chapters
The All-In Podcast conducted by Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg, discuss how they are opening up their $1 million venture capital fund to their audience and allowing them to pitch investments and vote on decisions.
00:00 - 01:47 (01:47)
Summary
The All-In Podcast conducted by Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg, discuss how they are opening up their $1 million venture capital fund to their audience and allowing them to pitch investments and vote on decisions.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Twitter feud started when All In Stats published an analysis showing J-Cal has been talking a lot on their podcast, and David Sachs commented calling out J-Cal's "piss poor moderation," leading to mean tweets and ultimately J-Cal blocking Sachs.
01:47 - 07:48 (06:00)
Summary
The Twitter feud started when All In Stats published an analysis showing J-Cal has been talking a lot on their podcast, and David Sachs commented calling out J-Cal's "piss poor moderation," leading to mean tweets and ultimately J-Cal blocking Sachs.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker suggests that if you want to be a successful point guard, you have to be prepared for some missed passes, and if there's a problem with the moderator, you should reach out to them directly instead of creating a public fight.
07:48 - 11:47 (03:59)
Summary
The speaker suggests that if you want to be a successful point guard, you have to be prepared for some missed passes, and if there's a problem with the moderator, you should reach out to them directly instead of creating a public fight.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker suggests toning down the rhetoric in political discussions and avoiding pre-judging individuals based on their political affiliations.
11:47 - 15:51 (04:03)
Summary
The speaker suggests toning down the rhetoric in political discussions and avoiding pre-judging individuals based on their political affiliations.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast transcript touches on humorous conversation topics centered around politics and tech, while also addressing a previous criticism of a podcast.
15:51 - 19:12 (03:21)
Summary
This podcast transcript touches on humorous conversation topics centered around politics and tech, while also addressing a previous criticism of a podcast.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Robinhood, the online brokerage firm, has filed for an IPO with strong financials despite facing criticism for outages and poor communication around options trading risks.
19:12 - 22:47 (03:35)
Summary
Robinhood, the online brokerage firm, has filed for an IPO with strong financials despite facing criticism for outages and poor communication around options trading risks. The fintech firm reported significant growth, including 18 million funded accounts, monthly active users doubling to 17 million, and $522 million in revenue in Q1 2021, up 4x compared to the previous year.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The decision to distribute shares or hold them as a venture fund investor depends on factors like stock prices, belief in the company, and insider information.
22:47 - 30:18 (07:30)
Summary
The decision to distribute shares or hold them as a venture fund investor depends on factors like stock prices, belief in the company, and insider information. Holding shares for a longer period may lead to higher carry crystallization, but it's important to understand the market and not try to time it like public market investors.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The market is worried about the potential of government intervention in fintech companies, which could slow down the digital transformation of markets.
30:18 - 36:52 (06:33)
Summary
The market is worried about the potential of government intervention in fintech companies, which could slow down the digital transformation of markets. Self-regulatory organizations have been set up to prevent government intervention and allow the market to self-regulate.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The uncertainty around the Delta variant and the potential for lockdowns or mask mandates is leaving people exhausted and unwilling to tolerate more uninformed impacts to their lives.
36:52 - 44:10 (07:17)
Summary
The uncertainty around the Delta variant and the potential for lockdowns or mask mandates is leaving people exhausted and unwilling to tolerate more uninformed impacts to their lives. While the death rates in the US are remaining stable, the number of cases is on the rise, making the possibility of returning to masks and shutdowns plausible.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Wearing masks for prolonged hours can cause an increase in the carbon dioxide content of a child's blood, leading to adverse health effects.
44:10 - 51:07 (06:57)
Summary
Wearing masks for prolonged hours can cause an increase in the carbon dioxide content of a child's blood, leading to adverse health effects. While teachers may desire to resume in-person learning, separating the union from teachers is crucial in making decisions towards a safer learning environment for children.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The use of data is important in making tough policy decisions that impact a large number of people rather than relying on the precautionary principle.
51:07 - 57:13 (06:05)
Summary
The use of data is important in making tough policy decisions that impact a large number of people rather than relying on the precautionary principle. Looking at the number of lives lost and years lost provides a more data-driven approach to decision-making.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Trump Organization CFO, Allen Weisselberg, has been indicted on several charges, including tax fraud and grand larceny, in relation to a 15-year tax avoidance scheme.
57:13 - 1:02:22 (05:09)
Summary
The Trump Organization CFO, Allen Weisselberg, has been indicted on several charges, including tax fraud and grand larceny, in relation to a 15-year tax avoidance scheme. Some speculate that the prosecution may be politically motivated to damage the Biden administration, while others see it as a crucial step in pursuing justice for financial crimes.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The insurrection commission may be politically motivating to Trump's base and others, but it risks creating a press cycle and rallying those who question our country's direction.
1:02:22 - 1:07:08 (04:45)
Summary
The insurrection commission may be politically motivating to Trump's base and others, but it risks creating a press cycle and rallying those who question our country's direction. The speaker argues that it is a bad idea to bring up past events such as the FBI's use of the Steele dossier to spy on members of the Trump campaign.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The conversation touches on potential Republican candidates who could succeed Trump, the importance of a diverse set of voices in politics, and new approaches to regulating Big Tech.
1:07:08 - 1:15:10 (08:02)
Summary
The conversation touches on potential Republican candidates who could succeed Trump, the importance of a diverse set of voices in politics, and new approaches to regulating Big Tech.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast episode discusses the power of big tech companies like Twitter, Snapchat, and Reddit, and debates whether they have a monopoly in social networking.
1:15:10 - 1:19:45 (04:34)
Summary
This podcast episode discusses the power of big tech companies like Twitter, Snapchat, and Reddit, and debates whether they have a monopoly in social networking. Additionally, the 21 Republicans who are now on board with regulating these companies are doing so because they feel that the companies restrict free speech and need to pay more taxes and get out of the censorship business.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker expresses their frustration with bureaucratic legalistic technicalities in sports and how they seem to have lost sight of the purpose of the rules.
1:19:45 - 1:25:18 (05:33)
Summary
The speaker expresses their frustration with bureaucratic legalistic technicalities in sports and how they seem to have lost sight of the purpose of the rules. They highlight the case of a snowboarder who was banned for using a natural alternative to opioids for pain relief and the hypocrisy of allowing athletes to take opioids but not other remedies.
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The hosts engage in meaningless babble, sexual innuendos, and promote their merchandise while occasionally discussing topics that devolve into chaos.
1:25:18 - 1:26:05 (00:47)
Summary
The hosts engage in meaningless babble, sexual innuendos, and promote their merchandise while occasionally discussing topics that devolve into chaos.