Joe Weisenthal

@TheStalwart

Co-host of the Odd Lots podcast and 'What'd You Miss?' on Bloomberg TV. Editor. Fan of the Bakersfield Sound.

New York City
bloomberg.com/account/newsle…
Joined March 2008
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  1. Pinned Tweet
    8 hours ago

    NEW ODD LOTS and I talked to the legend about Chinese tech, what he learned about the country's economy during the last year, and of course its efforts at being a world leader in chips. Gotta listen. There's nobody better than Dan

    1 reply 13 retweets 47 likes
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  2. 1 hour ago

    This will be my only take on the matter

    HOW GAMESTOP COULD PERMANENTLY CHANGE THE STOCK MARKET In today's newsletter, I wrote about Gamestop and doʇsǝɯɐפ, and 1987 in reverse Sign up for the newsletter here
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    4 replies 5 retweets 38 likes
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  3. 1 hour ago

    Gonna write about for the newsletter tomorrow (it won’t be a take though)

    8 replies 1 retweet 45 likes
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  4. Retweeted
    1 hour ago
    Replying to

    also unprecedented new account growth. instant deposits are instant to trade but RH doesnt have the cash. and they do offer margin borrowing to some clients and if customers dont naturally hold cash balances then it has to come from somewhere

    2 replies 7 retweets 36 likes
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  5. Retweeted
    2 hours ago

    This is like one of this /r/relationships posts that’s obviously made up but everyone rage shares it anyhow

    From Robinhood employee posted to Reddit
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    25 replies 50 retweets 573 likes
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  6. Retweeted
    1 hour ago

    Whatever your gut reaction to this whole situation is, it is worth a few minutes learning about the plumbing between customers, banks and custodians. Crazy as it sounds, until stock trades settle two days later, the broker is holding the risk, and they need the collateral $$

    BREAKING: Robinhood has drawn down some of its credit lines with banks, tapping at least several hundred million dollars
    20 replies 111 retweets 500 likes
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  7. Retweeted
    2 hours ago

    OK, here *may* be why Robinhood & other brokerages shut down trading. Not because evil. Because they can't afford the cost! Due to the volatility of these stocks, their partners now (understandably) want cash up front. No one wants to be holding the bag.

    67 replies 173 retweets 555 likes
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  8. Retweeted
    2 hours ago

    BREAKING: Robinhood has drawn down some of its credit lines with banks, tapping at least several hundred million dollars

    170 replies 954 retweets 2,159 likes
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  9. 2 hours ago

    Between this statement from Robinhood And this scoop from Bloomberg on them drawing down their credit lines Becoming a little more clear what happened today.

    43 replies 90 retweets 346 likes
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  10. Retweeted
    3 hours ago
    Replying to

    now do SPAC’s

    3 replies 5 retweets 99 likes
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  11. Retweeted
    2 hours ago

    Apple -3.5%, Facebook -2.6% today, following stellar earnings last night. I know, I know. Noone cares

    6 replies 3 retweets 33 likes
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  12. Retweeted
    2 hours ago

    Robinhood has drawn down at least several hundred million in credit lines

    7 replies 61 retweets 151 likes
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  13. 2 hours ago

    Shoot. Had to kill the Matt segment cause of this Robinhood breaking news. Will resched for next week!

    I'm excited! First time on Bloomberg!!
    13 replies 6 retweets 74 likes
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  14. 2 hours ago

    Also Bloomberg Opinion contributor coming up in the segment after this

    5 replies 2 retweets 44 likes
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  15. 2 hours ago

    Hey coming up

    2 replies 10 likes
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  16. 2 hours ago

    up 42% after hours

    34 replies 77 retweets 512 likes
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  17. 2 hours ago

    TV Time

    3 replies 8 likes
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  18. Retweeted
    3 hours ago

    the entire drop-shipping industry is selling things you dont own. most car dealerships dont “own” the cars they sell you since they are bought with borrowed money. people selling stuff they dont own is like half the economy and 99% of acting as principal trading activity

    u can’t sell houses u don’t own u can’t sell cars u don’t own but u *can* sell stock u don’t own!? this is bs – shorting is a scam legal only for vestigial reasons
    8 replies 28 retweets 223 likes
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  19. 3 hours ago

    it's crazy that has so few twitter followers btw. I guess he doesn't tweet that much, but still, the guy at the center of the biggest trade in the world.

    10 replies 6 retweets 103 likes
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  20. 3 hours ago

    he's still in the trade! took a nearly $15 million loss today

    24 replies 53 retweets 326 likes
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  21. 3 hours ago

    Yiiiiikes Looks like the net-present value of all of GameStop's future cash flows really got repriced bigly today *GAMESTOP CLOSES DOWN 44%, FIRST DECLINE IN SIX DAYS

    19 replies 13 retweets 181 likes
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