Number
One GameStop tweet brought Shaan 30,000 new followers
Shaan's tweet explaining the GameStop saga went viral and added roughly 30,000 followers, the single biggest tweet of his account, fueling his Thanksgiving-to-now run from ~23k to 80k followers.
$30K
Twitter followers gained from one tweet · followers
“Already, I'm, oh, this is crazy. I'm getting 5,000, 10,000 followers really quickly. I thought, okay, I already got a lot of value out of this straight gambling to be buying GameStop right now.”
Number
One GameStop tweet brought Shaan 30,000 new followers
Shaan's tweet explaining the GameStop saga went viral and added roughly 30,000 followers, the single biggest tweet of his account, fueling his Thanksgiving-to-now run from ~23k to 80k followers.
$30K
Twitter followers gained from one tweet · followers
“Already, I'm, oh, this is crazy. I'm getting 5,000, 10,000 followers really quickly. I thought, okay, I already got a lot of value out of this straight gambling to be buying GameStop right now.”
Number
One GameStop tweet brought Shaan 30,000 new followers
Shaan's tweet explaining the GameStop saga went viral and added roughly 30,000 followers, the single biggest tweet of his account, fueling his Thanksgiving-to-now run from ~23k to 80k followers.
$30K
Twitter followers gained from one tweet · followers
“Already, I'm, oh, this is crazy. I'm getting 5,000, 10,000 followers really quickly. I thought, okay, I already got a lot of value out of this straight gambling to be buying GameStop right now.”
Story
GameStop: Chewy founder's $75M activist stake becomes $1B+ in 6 months
Jack recaps the WallStreetBets short squeeze: Reddit traders pumped GameStop to spite hedge funds shorting it, while Chewy founder Ryan Cohen's ~$75M activist investment six months earlier had ballooned to over $1 billion, with the stock up 100%+ in a single day.
“Now GameStop, the guy, this other actor, the founder of Chewy, had become an activist investor like 6 months ago, just saying, oh, I think I can improve them. He invested $75 million. It's gone to over a billion. In 6 months. The stock was up at one point over like 100% today alone.”
Fact
Why $1 of Robinhood options can move a stock massively
Jack explains the GameStop mechanics: retail traders buy cheap weekly options that expire Friday, which lets a tiny amount of capital move the stock's needle far more than the dollar amount, because they don't care about losing it all.
“They're buying options that expire on Friday, which means that you can essentially move the needle of the stock just by putting in like $1. You can move it massively because you're basically doing a game of roulette. You're like, hey, yeah, I know I'll lose all my money, but I have a small chance of winning.”
Story
Shaan ignores a GameStop tip that would've turned $100K into $700K
Shaan asked a chat group for a stock to gamble $100K on; Greg Eisenberg said GameStop still had 20x to go on day one of the pump. Shaan dismissed it as referencing a dead company, picked another stock, and missed roughly $700K.
“And Greg Eisenberg, who's been on the pod a couple of times, he goes, 'I think GameStop still has a 20x to go.' And I actually didn't know what was going on with GameStop at the time. This was, I think, the first day of the pump, when it was 50% or something like that. And I looked at it, I was just like, what is he talking— GameStop?”