The WAN Show - Let's SCREW the Stock Market! - WAN Show January 29, 2021

Episode Date: February 1, 2021

Sign up with Privacy and enter to win a Alienware r15 R2 laptop at https://lmg.gg/bcI4H Get 25% off Malwarebytes Premium if you sign up for 2 years at https://geni.us/malwarebytes Honey automatically applies the best coupon codes to save you money at different online checkouts, try it now at https://www.joinhoney.com/linus Check out Carpool Critics, our new movie podcast: https://www.youtube.com/channel/UCt-oJR5teQIjOAxCmIQvcgA Timestamps (Courtesy of MattDog_222) 0:00 Intro 0:14 Topic preview 1:59 Intro 2:35 Short summary/preview of review bombing 3:17 Introduction to Gamestop (GME) stock current events  3:52 Shorting a stock: definition/explanation  6:27 Short Explanation ( Part 2 )  8:12 What WallStreetBets is doing + Elon Musk's opinion  9:48 Original intention behind shorting  11:12 Gamestop + Robinhood + Redistribution of wealth  12:08 Some people had success + The main "winners"  13:10 WallStreetBets' Role model  14:53 Hedgefunds also charged interest, amongst other things  15:25 Linus's stock promise introduction/announcement   17:15 Ivan's story   18:26 Linus starts to get worried (To the moon)  19:33 Other "Meme stocks" + "Short squeezing"  20:32 AMC in particular  21:30 Linus's promise: Cost update (+Luke laughing)  22:11 Linus doesn't do many investments  23:50 How does Linus acquire GME? + Luke's prediction  24:45 Estimates of 5 Billion lost from short-sellers  25:05 Robinhood restricted GME + Class Action Lawsuit + Reviewbombing  27:07 Other meme-crap (Dogecoin)  27:27 Robinhood possibly selling some peoples shares + disclaimer  28:23 Elon added Bitcoin to his Twitter bio  29:15 Twitch/Floatplane chats suggests promise cap (50k)  30:08 Google removing negative Robinhood review  31:38 Luke's computer lag issues (story) 33:05 Sponsors  33:13 Honey  34:08 (Not a sponsor) - Activism investing  35:46 Malwarebytes Premium  36:40 Privacy + Alienware giveaway 37:42 Calling Yvonne (the wife)  39:01 The cost reveal (50k)  41:01 Yvonne's counter-argument  42:25 Intel has more returning talent (Sunil Shenoy + more)  43:02 Linus's Apple Watch Heart-Rate  45:02 Sunil's previous work at Intel + Other names  46:13 Pat Gensinger's quote 46:35 Apple Q1 record revenue ($150 Billion) 48:37 Alleged NVIDIA 3080TI 20GB leak 49:51 "Please stop sending money" - Linus 50:12 i9 11900kf leaked screenshots 51:40 Linus trying to plan when to buy GME stocks 52:10 LTT Still Hiring 53:04 More stock talk + various comments on it 55:34 LMG is NOT going public 56:46 LTT Store reminder 58:04 Conclusion 58:40 Outro 1 59:04 Outro 2 Learn more about your ad choices. Visit megaphone.fm/adchoices

What is up viewers on the internet or should I call you guys internet explorers? Yes, welcome to the WAN show. We've got a fantastic show for you guys today. Obviously, the big news has been our slash Wall Street bets. Absolutely sticking it to the man and of course getting help from many many other communities which we are hoping of course to add ourselves to by the end of this stream uh we'll get we'll get you guys the rundown on what that is and talk about what we're planning to do to do our little part here google Google, I mean, this is closely related news. Google removed negative Robinhood reviews, which is absolutely fascinating. I don't know that

Google has ever removed, I think it was 150, no, just shy of 100,000 negative reviews of the Robinhood app that seemed to be designed to just drive down the reputation of Robinhood. Luke, what else we got today? Apple is super rich. That's not news. If you thought they were doing not as well recently, you were wrong, because they're even more rich than you could have possibly probably believed. Also not news at all. Sorry. That's not news at all. Okay.

But there's, there's some news in there. It's not very, it's a super interesting show. Okay. Linus and also audience. Don't worry about it. Um,

Intel bolsters engineering leadership with returning technologists. I'm going to pull Sunil Shano shinoy it's just my name backwards so it's easy that's true that's funny uh except i don't know how to say your name backwards properly but i hope i hope it's sunil shinoy um and more hooray and more and more roll that intro wait that's my job. Ha ha ha. The show is brought to you today by Honey Malwarebytes and the Privacy Giveaway, whatever that means. All right, so why don't we jump right into what's happening. We can't really start with google removing the negative robin hood reviews so uh users were users were review bombing to be clear this was probably the most justified review

bombing of all time like this was not bots this was actual users well okay there were probably okay there may have been bots but those bots were created by real people and there was a very large very significant amount of real people that were very upset yes uh but we can't really start with that without giving some of the context here so if you have been living under a rock for the entirety of this week um small time traders have been pumping up the price of GameStop stock, and it's risen over a thousand percent in the last few weeks. And the impact of this is that enormous hedge funds have been forced to take losses due to their shorting of the stock. If you're not familiar with what shorting a stock means, I am not qualified to come up with

like a perfect, super concise definition on my own. The official definition by MarketWatch is shorting or short selling is when an investor borrows shares and immediately sells them, hoping he can scoop them up later at a lower price, return them to the lender and pocket the difference. But shorting is much riskier than buying stocks or what's known as taking a long

position. So basically, in a nutshell, what it means is Luke had some company float plane, let's say, for example, and I thought float plane was a giant piece of shit and completely doomed. What I would do is I would say, all right, Luke, your stock is worth a dollar per share. I'm going to buy a thousand shares for a thousand dollars. So I buy them immediately. I buy them and then I immediately sell them. So I have like bought something for a thousand dollars and now I have my thousand dollars back. And the goal, so, but I borrowed the money. So I borrowed the money from, let's say Yvonne. I borrow a thousand dollars and then I buy the shares and I immediately sell the shares. So then what my goal is is is to wait it out while float plane plummets to the ground or water as

it were while float plane plummets to the water and then i take my thousand dollars that i borrowed and what i want to do is as the shares go down i want to buy them back at a lower price repay yvonne who i borrowed money from and keep the profit okay so i return the, repay Yvonne, who I borrowed money from, and keep the profit. Okay, so I've returned the shares to Yvonne. I keep the difference between the $1,000 that I spent initially and what's left over. And I have made money for basically doing absolutely nothing. Yeah. Sorry, I didn't. Okay. Okay. Sorry, sorry, sorry. I'm going to try this one more time. You borrow shares, not money. OK, borrow shares, sell them. So you've got this like you've got this money you didn't earn. Then you effectively want to sell. You want to buy back the shares for less and then return the shares and keep the extra money. That's how it works. And it's like it. There's a reason that this is convoluted and normal people who don't play around with this stuff all day, every day, do not do that. Like us.

And don't think about things that way. Yes. Don't take any investment advice or any ideas or even probably any thoughts from this stream. Neither of us have any idea what we're doing. Exactly. People are like, that's a horrible explanation. Okay. All right. All right. We'll try one more time. We'll try one more time. You're betting on that company to fail. And if they fail, you make money. People are still correcting stuff I already corrected. So I don't think they know what they're talking about. So the point is, you're betting on it to fail. This is not an investment. This is a bet that the stock will go down and that you can make money by borrowing the stock and hoping that you can

buy it back at a lower price and pocket the difference. That's what you're doing there. That's the fast explanation. So what happens is if a large hedge fund shorts a stock like GameStop to the tune of millions of dollars potentially, what can happen is if that stock goes up at some point, part of the agreement when you short a stock is that you have to buy the shares back eventually. is that you have to buy the shares back eventually. And so when you're shorting the stock, what you can do is either the stock goes down and you sit and watch your money just roll in and you decide when's the right time to pull the trigger

when you think it's bottomed out and you pull your money out and you're like, woohoo, I am profiting off of everyone else's loss. Good job me. I made tens of millions of dollars or a hundred million dollars or whatever. Or what happens is the stock starts to go up. Now that's bad if you're a short seller

because as the stock goes up, you still have to buy back those shares you borrowed. And if you have to buy them back at a higher price, well, guess what? You have to actually contribute more money than what you got in the first place. So what Wall Street Bets is doing is they're essentially saying, you know what? F*** hedge funds. Why does this mechanism even exist? I don't necessarily agree with elon musk about everything but he put this pretty well uh where's where's his where's his tweet about this

uh you can't sell horse houses you don't own i mean horses too you can't sell horses you don't own unless it's unless you're pre-selling an unborn foal then you could sell a horse you don't own. But anyway, you can't sell cars you don't own unless you're taking pre-orders. I mean, kind of the same thing. But you can sell stock that you don't own. You can also sell houses that weren't built yet. Yeah, that's true. You actually can do that. Whatever. His point still stands. Why can you sell stock that you don't actually own? You should only be, you should only invest in a company because you actually believe in the underlying business. At least that's sort of the like conventional advice over the last couple of weeks, things have gotten pretty darn crazy so there's so like and again

there was a comment talking about how like i love how every creator and podcast is trying to explain stocks right now yeah and maybe we're not doing the greatest job of it but we're trying to trying to get people that haven't somehow haven't seen this somewhat up to speed so we can talk about some of the other parts of this yeah and and i so i have heard from some people that shorting exists to try to recorrect the stock market the problem is that it's not being used in the way it's not being used for the reason it was originally created if that makes sense that people are now abusing the tool to like super tank companies with just massive amounts of weight in order to abuse that to make tons of profit they're not using it to um to recorrect the market so yeah and when they're targeting smaller stocks, like to be clear, large companies get shorted too. Apple gets shorted, Tesla gets shorted. But when they target a relatively small

company that's got a low market cap, shorting is open to an incredible amount of abuse because what you can do is you can heavily short it and then you can manipulate it and force it to bomb and then you can reap a whole bunch of reward for basically doing nothing. It's abusive. And the funniest thing about all of this is that the hedge fund managers who are so upset about what Wall Street Bets is doing, saying it's like it's abusive, are literally doing that. So anyway, GameStop was one of the most heavily shorted companies on Wall Street. And what has happened since wall street bets decided to begin this crusade is they have actually and it's so funny that robin hood so that's the kind of what is it no fees i forget what the fees are i think robin hood's mostly american uh what what's our uh what's our well

simple is kind of the canadian equivalent of robin hood yeah i don't think robin hood it's yeah commission free structure commission free structure there you go so so robin hood i an equivalent of Robin Hood? Yeah. I don't think Robin Hood, yeah, commission-free structure. Commission-free structure. There you go. So Robin Hood, ironically, since they appear to not have actually intended this, has participated directly in the redistribution of wealth from the very, very rich who didn't earn it to, I don't know know i don't know necessarily about the poor but definitely some poor and some medium income and some high income that that yoloed their end again don't take stock advice from us we have no idea what we're talking about yeah um etc etc but there are some people that somehow found success that were poor and just hard YOLOed their $600 stimulus checks.

Like that did happen. It's a bit of a meme that's going around. It did happen to some people. I suspect the main winners in this are not poor people. Probably not. on this or were people with a lot of liquid funds that they could throw at things and not worry about if they lost and were on top of this and saw where this was going and invested in it and made tons. I suspect that's the majority of the profit that happened. But still, there's a bunch of average people around that have made quite a bit of money off of this.

Yeah, so that I consider to be a pretty darn good thing. So one user, DeepF***ingValue, had an investment that peaked at over $33 million after making an initial YOLO investment of $50,000. And he or she is currently somewhat of a role model for the WallStreetBets subreddit, garnering intense praise and rallying the troops to hold their shares, forcing short stocking firms to buy back the stock at insane prices. Because the thing is, the longer you hold and the greater it rises, the more pressure these hedge funds are under

to like cut their losses at some point. Like if they think they can wait it out, then they'll wait it out because the reality of it is GameStop is not coming back to the forefront of US retail. That's not a thing that's happening. Yeah. But they can only borrow those shares for so long

and they can only expose themselves to so much risk so the whole thing is very tactical and what i'm gonna say is don't take any of my advice okay take the advice of the community there that has played this absolutely perfectly so i I'm not going to say, yeah, or don't, cause it's still super YOLO. Yeah. Now apparently it's a guy, he got interviewed recently and it peaked at over 50 million. So we are, we're basically just saying, hey, oh, apparently he cashed nine and a half million of it. So there you go. Someone with $50,000 to invest in something like this, probably not exactly the poor that Robinhood had in mind. Yeah.

Ah, yes. Okay. So here's one of the other things that puts pressure on the hedge funds. They're also charged interest on what they borrowed. Apparently, the interest is currently at $11 billion because the more the stock goes to the moon, the heavier the interest is. That kind of makes sense. And the people they borrow the shares from can force them to return at any time. So these are all mechanisms that I'm not super familiar with because I have never been tempted at any point in my life to short a stock. It's just not anything to do with what I want to do. But what I will say is that I think the income and wealth inequality is one of the biggest problems

in the world right now. Perhaps the, I'm not going to say the biggest problem facing humanity because we definitely have environmental issues that could wipe us all out regardless of how much money we have. But it is one of the biggest issues facing humanity right now. And so I want to participate. So a lot of you have sent super chats into the show.

Normally, I just do absolutely nothing with those. But today, we're going to have some fun. So I am going to match you guys, and then I am going to 5x that number, and I am going to buy GameStop, and we're going to ride it into the ground. So that is my personal guarantee of quality. Because as much as it's very clear that I do not fully understand the mechanisms at work, what I enjoy very, very much is people who are extremely wealthy for doing absolutely nothing and them losing their money because a bunch of small guys

teamed up to stick it to them. I love it because you know what? I'm not exactly poor. I can afford to match all of these. I can afford to kiss that money goodbye and never see it again. So it's not like these people are campaigning for me. This is not to save me or anything like that. But I do actually work for my money so that's a key difference like when we make videos we actually at least i believe are creating some kind of actual value we're not just we're not just shifting money around you guys remember ivan who used to work at linus media group so he had he had a really great uh he had a really great story that he loved to tell. He's told it to me at least three or four times in the time I've known him.

So he goes, a son walks up to, or a father's getting some food out of the fridge. His son walks up and he says, Papa, what do you do for work? And his dad opens up the fridge, takes out a ham,

and then puts it, of course he has, takes out a ham, okay? Oh, yeah, he told me this story. Yeah, of course he has. Takes out the ham and puts it back in the fridge. And the son goes, sorry, I don't really understand. And his dad goes, well, that's what I do. I take something from here and I put it over here. And his son goes, well, but you took the ham and you just put it back. How do you make any money? And the dad goes, ah, yes, but do you see my fingers?

They're greasy. And it's like, yeah, dipping your fingers into just a little bit of everyone else actually doing any work. I don't respect it. I'm sorry. I just don't respect it. So that's what we're doing. What? Some big super chats?

Oh, shit. Some big super chats? I told you. We were talking before the show, and he said 5x, and I said you should do okay. We were talking before the show and he said 5x and I said you should do 2x. I said you should do 2x or you should do like equal value. I did. Yvonne's going to kill me, but I'm a man of my word.

I will not let down the rocket ship to the moon. All right. We're up to now we're at it's moving very fast sir we got two grand so that's ten that's ten so that's ten nice nice okay cool you know what i'm gonna do is I'm actually going to change the tab over there. I'm going to move to the stream analytics. And okay, let's go ahead and move on to one of our other topics. So other meme stocks. Yeah, I don't think we're quite done. Yeah, other meme stocks that people have been investing on

to similarly put pressure on short sellers are AMC. There was some super small oil company that spiked like a thousand percent or something like that. Silver is projected. It hasn't really done anything yet, but it's projected to be another big squeeze, another big short squeeze. So what a short squeeze is,

and this one I understand, that's when there's a whole bunch of very large shorts on the stock and you drive it up squeezing the people who are holding short positions. So the more large hedge funds are shorting a stock, the more you can effectively squeeze them out and force them to bail. And there's a whole timing to this that the R slash Wall Street bets is all kind of got figured out. People who know a lot more than me. But what's really cool about AMC in particular is as someone who actually loves movies, but doesn't really, I'm not really the biggest fan of the theater industry necessarily but like i don't want it to be gone um what something like this does is if people invest in amc and actually hold if you really do hold it might just get them through the pandemic which i mean I wouldn't mind independent theaters making a return either but you know that business

model might have sailed already as it is anyway and I personally I'd rather have movie theaters to go to than not have movie theaters to go to so that's pretty cool in if for no other reason than it really demonstrates the power of the small guy when mobilized by something like the internet. So massive, massive respect to WallStreetBets. I will apparently be doing my part to the tune of... Oh, there's a long show left. At least 20 grand so far. Yvonne is going to lose her shit.

I'm going to enjoy this water from lttstore.com. It may be the last water I ever drink. Maybe take a trip to the store real quick. Subscribe to Floatplane. Yeah. Don't worry, guys. You know what, though? You know what?

I'm good for it. I'm good for it. I am happy to do my part. I don't typically... I have one investment. It's like something Yvonne arranged through like our bank because it's like a taxation optimization thing. To be clear, it is optimization, not evasion or even avoidance because what it's doing is it's optimizing the when, when I will pay the taxes, not if. So I have to have, it's like

something, something, trust, something, something. I have to have like a stocks type investment in order to, anyway, whatever. So I have that. I don't even know how much it is. But other than that, I own zero crypto. I own zero stocks. The main reason for stocks is as an influencer, I think it's unethical for me to own stocks like for realsies. I mean, this is some this is a meme right here. This is not not real. This is not real investing. the hype train more than I probably should have in 2018. I ate it real hard on that one. And I'm just like, you know what? Once bitten, twice shy. I'm going to go back to what I always believed in. I always believed in earning money by going out and getting your hands dirty. And maybe not your hands. Maybe it's your brain writing about technology muscles, whatever it is. I believe in creating actual value. And I think what we do creates actual value. We inform people, we entertain people. That's something the world needs. So this will be, I mean, I'm going to have to get wealth simple, right? I'm going to have to

get wealth simple? I think so. You also know that I don't do this. Yeah, I know. You also know that I don't do this. Yeah, I know. Man. Okay. Okay. So I'm downloading Wealth Simple Trade. Okay.

So I'm getting that. We're working on that. I mean, I thought you got... Okay. I don't know why I thought this. I thought it was going to be like double, you know, like a typical WAN show. No. Super chat haul. So I was thinking like... I don't know why you thought that i don't know like five grand like i thought i'd be able to do this on my credit card i i think it might i think you might be touching 50 by the

end of the show don't encourage them i'm just oh that is a lot that's not the kind of thing that I really do. Research firm S3 calculates that short sellers have lost $5 billion on GameStop so far this year. At least two have seen their stakes completely wiped out. AMC spiked 260% when trading began on Wednesday and hashtag SaveAMC is trending on Twitter. In a massive upset to the online community of small-time buyers, online trading provider Robinhood restricted buying of GME and AMC stocks, prompting a swift class action lawsuit.

Yeah, so this is why they were getting review bombed and this is why it was justified. Because basically the only reason for Robinhood to restrict trading of these stocks is to protect hedge fund jackasses. So why? That's the only possible logical reason for them to do that. So people are justifiably mad as especially do you know about the like while the stock was not able to be traded by retail investors apparently they were trading back and forth between themselves to lower the price do you

know about this have you heard about this yeah so that's some pretty disgusting manipulation right there uh robin hood has since re-enabled trading um and the sec has started to step in vowing to protect retail investors. Yeah. The quote doesn't make it sound like that. And there are some things like, I don't understand it at all. And I might get flamed for this. But as far as my limited understanding does go, there is some amount of reason for why Robinhood turned things off. go. There is some amount of reason for why Robinhood turned things off. Doing it when they did, Robinhood specifically turning it off and the other like highly professional services being

able to still trade was very problematic. There's lots of like bad things that came with it. But for reasons that I don't understand, Robinhood was like having lots of issues due to i believe the leverage that was going on because so many people were diving into it and the like risk that robin hood was taking on or something i don't i don't understand it but like it was apparently um it was apparently a big problem for robin hood and they required a billion dollar injection of money to stay afloat apparently yeah so like they So like they were they were having trouble. Now, there's been some other just like kind of meme crap that doesn't really have anything to do with the social movement. Dogecoin spiked like crazy. It went up like hundreds of percent.

Elon probably holds at least some responsibility for that. Tweeting some dog magazine meme picture thing. I just want to interject one quick second. I heard about this too, and I forgot to mention it. Apparently Robinhood was selling people's shares for them. But I've heard two sides of this. One guy, apparently they sold 4,500 of his shares for like $118 each. So he lost like an incredible amount of money.

Well, you should know that. And as far, again, this is all like, I've heard this from like random people. I have no, I don't know. But I've heard that the only shares that they were selling were shares that were bought on leverage. Got it. I don't know. I don't know. I don't know.

But yeah, I think Robinhood was deep in it. Okay. Yeah. I don't think it justifies actions, but there was stuff going on there. All right. So what was I talking about there for a second? Yeah, Wall Street's losing their collective minds. Right. So there's been some nonsense. Elon tweeted or didn't tweet, but just

added Bitcoin to his profile and people lost their minds. I was actually up replying to emails while this was happening. I had like Dogecoin up and I had, what did I have? I had CoinMarketCap up. And so I was just like watching the crypto spikes. I don't own any of it. I still don't. But Bitcoin just like shot up 20% in like an hour or something like that. I was like, what's going on?

So I go on Twitter and it's like, oh, okay, it's Elon again. Actually, it's funny. Floatplane had some really choice words about Elon talking about not selling things you don't have uh full full self-driving wasn't that promised by uh 2020 elon um yeah lots of things yeah so oh this is so both chats by the way i'm not i'm not checking youtube right now but twitch

and flow plane are both suggesting that you set some form of cap I mean oh man the only reason why I'm even suggesting it is because both chats are suggesting it

yeah and now that I'm saying it like twitch chat is like cap it cap it cap it yes please cap it cap it cap it cap it cap it okay all right i'm gonna cap it at 50k okay that's a lot i feel like that's that's that's cool i feel like that should Somebody said 69,420. Yeah. How about 50? Yeah. How about 50? All right. So in other related news,

Google removed negative Robinhood reviews. This is the whole kind of thing. Some users, so, man, what was their... Google's policies explicitly prohibit reviews intended to manipulate an app's rating and the company says it has a system that combines human intelligence with machine learning to detect and enforce policy violations in ratings and reviews james says so he he was the one who wrote up this story for the land show isn't every review intended to manipulate an app's rating and this is a case where people were actually upset about a legitimate failure of the product to deliver the functionality that it said it would. Google says it specifically took action on reviews

that it felt confident violated those policies. And what we don't know is if Google had a high degree of certainty that a great number of these reviews were created by bots. I have almost no input on this, and I can essentially guarantee you that there was a high amount of those that were bots. I also guarantee you there was a high amount of those that weren't. I'm just sure there was a ton of reviews. This was a massive thing, and it was seeing the rounds for sure. just i'm just sure there was a ton of reviews this was a massive thing and it was seeing the rounds for sure yeah this movement is so much bigger than it initially appears to be like you could look at r slash wall street bets and be like oh yeah it's got like a hundred thousand upvotes

this is not a hundred thousand people this is like i was telling linus a story before the show started um i was having some computer issues yesterday, and I couldn't figure out what it was. And it felt like CPU problems, but you know how rare those are? And it was just weird things I was having trouble with. I was typing in Slack, and my text input was delayed, which is always a really, really bad sign. I was really trying to figure out what was going on.

And then I was like, you know, I wonder if I'm just getting overfloweded by the wall street bets discord i left the wall street bets discord and there was no problems anymore i didn't even have it open do you have like an eight core cpu or something uh 5960x yeah uh so like it's it's not it's a little old now but it's not a lightweight by any means like this should have no problem with a Discord chat that wasn't even the selected Discord chat and Discord wasn't even like maximized on my screen. It was minimized for hours.

Like I had nothing to do with Discord and it was lagging out my computer almost as a whole. Like holy, I don't know. Unreal. Oh, people are saying if you set the cap even lower if you set the cap at 42 069 that's okay no i i'm i'm a man of my word i said 50 so that's what we're doing i yeah people are just saying that because it's even more me me but i hear you that's that's okay that's okay i already said it. I already said it. Okay.

Okay. I got to make some money real quick here, if you guys don't mind. So let's talk about the sponsors for today's show. The show is brought to you by Honey. Head over to joinhoney.com slash Linus and start saving today. Honey is the free shopping tool

that finds the best promo codes when you are shopping online. Those of you who downloaded Honey from our link have saved over a hundred grand in the past few months and Honey works on over 30,000 stores. What Luke? You'll have to use a lot of Honey over the next. I hope you have that browser extension installed. Good Lord.

Honey works on over 30,000 stores, including Amazon, eBay, Newegg, Best Buy, Razer, Walmart, and more. And Honey is free to use because they get a commission from the sites where you shop, not from taking your money. So go to joinhoney.com slash Linus and start saving today. I am like actually... the sites where you shop not from taking your money so go to join honey.com slash linus and start saving today i am i'm like actually okay i am not looking forward to that conversation with

yvonne she's going to be like really like look this is a movement hun she hasn't really been following it she's been absolutely it kind of is I am very ignorant about this subject. Has, has like activism investing been a thing before? I don't think we've ever seen anything quite like this to my knowledge. Maybe someone in the chat can like speak up. Cause I am very ignorant about this subject, but it feels like a first time thing for me personally.

I'm almost certain it's never happened at this kind of scale. I mean, yeah, Occupy Wall Street was completely impotent. It had no fangs. Whereas the only way you can get through to these people. This has very real fangs. This has actual fangs. This is completely different. Occupy Wall Street, nobody cared.

Literally nobody cared. There's pictures of like the Wall Street goons, like drinking champagne, taking pictures of the Occupy protesters and laughing. Like they didn't care. Nothing. I'm sorry. No offense. If you were an Occupy person and you wasted a big chunk of your life standing around in the street over that that did nothing um this this is effective oh my god this might be a terrible idea or it might be an amazing idea um if you if you call Yvonne let her know you're live on the show and then let her know what's going on fine can I please make some money first? Yes. All right. The show is also brought to you by Malwarebytes. Protect yourself from online attacks that threaten your identity, files, and financial well-being with Malwarebytes Premium.

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I need this money. Yep. The show is also brought to you by Privacy. Privacy is a tool that makes it super easy to manage your financial life online while keeping all your most important information secure. Yeah. Wrong. on an Alienware R15 R2 laptop. That's sweet. It features a 15.6-inch OLED display, Core i7-9750H, GeForce RTX 2070 Max-Q, and a 512 gig SSD. To enter, click the link below

and sign up for a privacy account and use that same email when you're entering the giveaway and you are all set. You can get a bonus entry when you retweet their tweet for the giveaway. Our tweet or their tweet. Whatever, check both Twitters.

You must be 18 years or older and be a U.S. resident to enter. Sorry, their policy, not mine. And I understand it's very difficult to... Is that the wrong banner? Do you have the wrong banner up? No. I don't think so. Alienware?

Enter to win an Alienware R12. Yeah, for privacy. Okay. Yeah, yeah. All good. Okay. All right. Let's call the wife.

You guys are going on LTT Store, right? You're buying stuff on LTT Store? A little tidbit that you can maybe share with her is that you are now potentially the world's biggest gamer because you spent more money at GameStop than you have on your car. Thanks for that. All right.

Hey. Hey, so you're live on The WAN Show right now. I have some interesting news. I may have run my mouth a little bit on the show today. So do you, like, do we have any means of buying individual stocks? What do you want to do um well like just i mean are we set up for it i know you have that thing for the trust like the the like i don't i don't even know what it's called uh but the thing with the remember you're live on the show so i don't i don't have very much money in it yeah yeah no no i No, no, I don't mean that thing.

I just mean like we'd know we'd have to use cash like it would be it would be like cash money. I just mean like, do we even have like an account with like any like do we have a broker like I don't we have an account with a bank where I could buy stock online. I have not tried it. It does not have very much money in it, but we do have something. OK, so I have interesting news for you um how hard is it to transfer money into that account um i don't know i would have to look

into that because i haven't i've only done it once ever okay cool um so i need you to put about 50,000 US dollars in that account. What? I need you to put about 50,000 US dollars in that account. Because we need to invest in a GameStop. No. No, we actually have to now, though, because the community gave me money for it. Yeah, so what I said was that I would take all the super chats for the show today, and I would match them, and that I would take that number times five.

And I have since capped it. I capped it, so I was actually very responsible if you think about it. You know that they shut down certain like buying. I haven't been following the game. I know. I know. I know that they put restrictions on buying that stock. So how are we even going to do that? No, no, we can. We can here. We can in Canada. So so anyway, I've committed. I've committed it at this point. I said I would 5x what they contributed. And it looks like they're probably going to reach my maximum, Anyway, I've committed it at this point. I said I would 5x what they contributed,

and it looks like they're probably going to reach my maximum, which is $10,000 in Super Chats. Monday, maybe? Are you serious? Yeah, I'm serious. I told them I'd do it. You know how it is. Why do you do things?

Well, you know what? Okay, so think about it this way think about it this way um our fifty thousand dollars could screw over bad people far more than it's costing us um okay all right all right i would i would much rather donate that money to a charity yeah are helping people in need rich people whatever i don't know bad people that's fair but here's another way of thinking about it okay when the stock falls which it inevitably will that money will go to all the small retail investors who cash out so it kind of helps people in need if you think about it love you i will talk to you later okay bye bye that um

as well as it could have but honestly yeah I she took that a lot better than I expected the I will talk to you later is I think the beginning of potentially the real conversation yep she's gonna tell me to be slightly more responsible so I think i think the

the land show is uh potentially why that conversation didn't go too bad and now maybe the blow will be a little softer when it happens yeah thanks audience yeah you know what that's pretty good that's pretty good all right yep apes together strong thank you owen benner all right uh so why don't we move on and let's talk about something else can we talk about Thank you, Owen Benner. All right. So why don't we move on and let's talk about something else. Can we talk about something else? Let's talk about something else. Intel.

Intel bolsters their engineering leadership with returning technologist Sunil Shenoy and more. The Intel hits just keep on playing. These are classic hits right now. Pat Gelsinger isn't even CEO until February 15th. And he has already rehired the 33-year-old Intel veteran who left the company in 2014. Sunil will be senior VP and general manager of the design engineering group. He holds a master's degree in computer engineering. That's good. That's better than like a finance degree.

He has 16... Do you have an apple watch on you right now yeah what's up are you wearing one is it powered yeah can you check your heart rate oh uh i actually i'm gonna be honest with you i don't really know how to do that uh let me check let me check is it like the i think it's health i think it's an app called i could be wrong yeah i just like completely don't even care about it okay yeah here's my heart rate right okay we're measuring we're measuring um let's see how calm he is he might be pretty calm he might be pretty calm i'm at 86 i feel like for you that's probably high uh i think that's a little on the high side for me yeah so you can actually you can see my you can see my history here oh well you were able to see my history but i took it off and it locked give me

one second uh okay so i'm going to the i'm going to the health app why are we still talking about this god uh yeah no actually starting at six o'clock it looks like uh you can actually see hold on let me just get this adjusted yeah you can actually see a spike after six o'clock here. So if you guys were wondering if this is just a show, and I'm like, ha ha, pretending to be stressed or whatever. No, it appears that my stress is real. Sorry, I just wanted to. I'll be fine, I'll be fine, I'll be fine i'll be fine um yeah i i did know that yvonne's preference is like we

don't we don't really like talk about it much like i've i've always felt that sort of uh holding up a megaphone when you make a charitable donation is like uh it's not my style there that's all i'm not going to say what it is i'm just going to say that it's not my style there that's all i'm not going to say what it is i'm just going to say that it's not my style and i know yvonne is perfectly comfortable with like spending money um to help people but this is not really like how she likes to do it this is not really her jam um okay so sunil's previous work at Intel includes Senior VP and General Manager of previous work at Intel?

No. But previous work includes General Manager of Sci-5's RISC-V program. That's pretty cool. Corporate VP of Intel's Platform Engineering Group, Microprocessor and SOC Design across Intel product groups, Visual and Parallel Computing Group Lead,

Server and PC Silicon Development R&D and engineering lead. Synol's responsibilities will overlap with recently departed Jim Keller. And outgoing CEO Bob Swan says he's a proven engineering leader who has deep experience in microprocessor and SOC design and R&D. He will return on February 1st,

two weeks ahead of Pat Gelsinger taking the reins. Not only that, but VMware alumni, alumnus, Guido Appenzeller is also joining Intel as CTO of the Data Platforms Group. This is freaking awesome. They are like actually... They're forming a sports team. It feels like they're going through recruiting for a sports team. Every week, there's one or two like big names. And a lot of them are like they're, you know, they're bringing the OGs out of retirement.

Like it's, this is, this is crazy. It's really exciting. Of these hires, incoming CEO Pat Gelsinger says he is, quote, not interested in closing the gaps, but being the unquestioned leader in process technology. You'll see other announcements of key leaders coming back in. This is sick. This is sick. And I'm excited.

Not as excited as Apple was to post their all time record revenue in Q1 of over $100 billion. More than half of that was the iPhone, with some reporting showing that this iPhone surge comes from China, which many are speculating demonstrates that China is quite sensitive to design changes. I don't actually get it. How is it that Apple spends as much on R&D as they do, and they only change the look of their phone every two or three years? Like, I've actually always found that kind of baffling. I think a lot of it can be like experimental stuff because if they want to stay on the forefront and like, I mean, if you think about it,

we've talked about this on WAN Show before, like a lot of companies will do something and it'll be like, eh, not that great. And then Apple will do it and it'll be like, that's good enough for actual market adoption and they'll actually drive actual change in the industry so that like doing that as much as i don't like apple i realized that was a lot of apple pump um doing that peak peak right now it's at 3 25 but it's going up in after hours i think hold on pretty open where's the clothes today must be closed today i don't know i don't

feel like i feel like we got we gotta get through this show. I'm sorry. I'm just, I'm extremely stressed out. I understand. There are more than a billion active iPhones out in the world, which is around half of all iPhones ever made. That's kind of crazy if you think about it. So people are keeping them for quite a while. Mac sales are also up year over year,

but down a bit since last quarter, despite the release of the M1. Could be back to school, but also there are stories of supply constraints and i think there's a lot of people that are holding out for like big boy apple the next one yeah yeah yeah okay uh nvidia keeps making upgrades we can't buy luke do you want to get us through this one? Allegedly, there's been a leak of a 3080 Ti 20 gigabyte. Chinese content creator, big hardware player. I love that. Leaks a 3080 Ti 20 gigabyte model. Allegedly gained access to an engineering sample. It could be fake. It has some weird GPU-Z info, etc. But the leaker alleges it's great for Ethereum mining performance. So if true, you're not going to be able to buy one anyways.

Laptop memory. Faster than your desktop memory? Team Group has announced their development of DDR5 SODIMMs. 16 gigabytes per module at a speed of 48,800 megahertz at 1.1 volts. Although these are development DIMMs, Team Group has stated that they are successfully developed. Since CAS latency is always a significant factor with memory, it's interesting to see what these sticks will be rated at. High memory modules could end up not being a big performance improvement um due to due to you know that um yeah okay please stop please stop

sending money we're at 10k that's it that's the limit i'm not i'm not doing it okay cool all right yep straight to the moon I'm not doing it. Okay, cool. All right. Yep, straight to the moon. And in other news, the Core i9-11900KF, so this is upcoming Rocket Lake, apparently will near 100 degrees Celsius under load at 4.78 gigahertz. Leaked screenshots on Chip Hell from user Enthusiastic Citizen Stroke Monster.

That's apparently what Google Translate spits out. It's a Chinese username. That's also awesome. Enthusiastic Citizen Stroke Monster. I actually kind of love it. Yeah. Shows the package at 98 degrees under load with a 250 watt power consumption. According to AIDA64,

voltage should be around 1.325 volts while CPU-Z lists 1.4. And the rumored specs are 8-core 16-thread, 4.8 gigahertz all-core, 5.3 gigahertz single-core, 125 watt. And remember, that's that base clock all-core. The leaked test was run using an entry level 360 millimeter aio cooler 360 how is that entry level yeah uh this was posted by um

one of the new writers and there's a bit of editorializing at the end it's still technically under tj maxx so it's fine right well geez that's oh that's some pretty crazy nonsense right there okay imagine being able to make ramen on your cpu that's it i've had enough i've had enough for the day you guys um if anyone on floatplane wants to kind of like advise a good time to to to um whatever it's called to like actually place the the order for the stocks that would be great just like let let me know like is there an optimal time like right before or if you're canadian and something know how yeah if you're Canadian and just like know how to do it let me know um I'm I'm jazzed that we're participating the number I would also like to put out there that the hiring positions are still a thing so do not concern yourself um

keep applying there's multiple jobs up right now there's. There's a contract position for designer. There's a full-time position for a developer, specifically mostly for helping with the LTT store, but also for other things. And I'm trying to be nice to the other people that have jobs posted as well. There's a full-time bookkeeper or accountant. There's a full-time video editor and camera operator uh and that might be there's also a full-time junior design and manufacturing engineer for

creator warehouse a full-time retail product and inventory manager uh and that's that's it so there's a bunch of job postings right now those are still a thing um apply and come work for very cool teams gollux says wealth simple 10 a.m monday morning someone says limit buy at 8 30 a.m central time i don't i don't even know what what is a limit by uh there's an x shopify dev in chat here that applied well that's pretty legit okay fantastic cool um you can put the order in once the money is in your account to buy with a limit of the price just that open price tends to spike. So that lets you buy close to the open limit to a price that is not a big open spike. Okay. Okay.

All right. Mortino says, I used to date Yvonne's sister and Linus has done dumber shit when they had no money and she didn't leave him. I actually don't believe him i actually don't believe that i don't believe you what is your name mortino because i would probably remember you and i actually don't think i've ever done anything even close to this stupid

i'm pretty responsible with my money this is pretty astronomical yeah i think i would also like to put on the record that i tried to make it not as bad that's true you did there was an audible poll we we had agreed at 2x and there was an audible pulled for 5x mid show yeah um yeah okay so limit is a set price by you market is whatever price it is when you're trading so i think you could say set i understand what that means because if i'm making a really big buy it could actually drive my own price up whereas if i just let it trickle if i let the the buy kind of trickle then i can you didn't say how you were going to buy them so you can buy them in a variety of ways you could also buy them in like

chunks maybe or something i don't know could also buy them in like chunks maybe or something i don't know oh holy crap okay um man she's just she's gonna come home and be like what the actual you could uh you could dodge it by still being live by playing video games as an after party that's true that's probably not a terrible idea right now um you know it's funny there's this has generated so much interest in like stocks in general the number of people that i've had reaching out and asking if linus media group is going to go public is insane this week the answer is no and the reason is that the same reason was yeah the same reason it was before i i like i don't want to i don't want to be accountable just like a board of directors if i decide to blow you know or have to deal with potentially multiple billion dollar, multiple, multiple, multiple billion dollar companies deciding to short your company for fun and potentially the Reddit police not going wee woo wee woo and saving you.

There's risk. There's like there's also the fact that I kind of look at any transaction. I go like, what's in it for both sides. I don't understand what's in it for you because I have no intention of paying any dividends anytime soon. Uh, we're going to be reinvesting very heavily back into the company probably pretty soon here. Um, so it's like, there's nothing in it for you. Uh, what's in it for me is obviously having like more money to grow the company but i think every transaction should be should be two-sided so um guys uh all i'll say all i'll say is lttstore.com um thanks you know underwear underwear you can buy me some new underwear at this point

you might need them oh paul says worst case you can use the loss for tax deduction yeah a lot of people talk about like tax deductibility as if it's some kind of like magic band-aid you still lost the money yeah you just pay less tax on other money that you did have to make like it's it's not magic um it does i mean it it helps you still got burned but maybe it's a little bit of a salve. I don't know. Yeah. Let's see what we can do here. Yeah, there's just... Okay. Okay.

What is an options contract? That's apparently how deep value made its millions. I don't even know. I don't think it's going to continue to go up like crazy like that anyway. Okay. I'm going to go face the music. Thank you very much, you guys, for contributing to this, I guess. If you want to stream some games and potentially continue to make money, I'm around. Yeah right cool um duly noted good luck okay thanks for thanks for watching the show guys see you next week same bad time same bad channel

bye mortino oh this is great mortino who claimed to have dated yvonne's sister says oof called out i meant situationally you have money now you didn't before and i'm only working on what i heard not facts to be honest i see still didn't hear a name yeah i still didn't hear a name bro linus was pretty freaking cheap when i met him still is in a lot of ways thanks for that i don't know i have uh i don't mean it as an insult it's coming from, I don't mean it as an insult. It's coming from me. I don't mean that as an insult. That's a show of respect from you. Yeah. It wouldn't take it that way. Um,

so I don't know. I have a pretty hard time believing that. All right. Good night, everybody.