As a british person I was confused about the situation, too busy counting the amount of beans on my toast and such, but you gave a good explanation
@Ol_Durty_Badger4 жыл бұрын
Beans on tooooast!
@yanfei77824 жыл бұрын
The punishment for stealing beans is death. I just want everyone else to know that.
@nob22434 жыл бұрын
*BRI'ISH*
@yanfei77824 жыл бұрын
@@nob2243 Fish and chips.
@electricc4373 жыл бұрын
@@yanfei7782 What is it like? being the senate?
@JaelaOrdo4 жыл бұрын
Stonk Wars: The Plebeian Menace
@SumitoMedia4 жыл бұрын
Stonk indeed
@BasicPrinciplesGTA4 жыл бұрын
There's always a bigger _stonk_
@aesthetics82304 жыл бұрын
S T O N K S
@Ehh.....4 жыл бұрын
I wouldn't expect someone who didn't go to Harverd to understand Lil pimp.
@SumitoMedia4 жыл бұрын
true, true
@yanfei77824 жыл бұрын
@@SumitoMedia His goals are beyond our understanding.
@TomPatricks3 жыл бұрын
Park the car in Harvard Yard.
@DeFens19934 жыл бұрын
if Internet Historian doesn't make a movie out of this I will go ape like a hedge fund when GME goes up 300%
@imunchonrawfox43543 жыл бұрын
Big boss beat him to it
@thecrunchyleaves4 жыл бұрын
As someone who also learned everything he knows about the stock market in comedic videos and movies, I 100% agree with everything you say.
@SumitoMedia4 жыл бұрын
ah thank god I was worried I had something wrong
@yanfei77824 жыл бұрын
@@SumitoMedia I'm up on Courosant. I don't know what's happening but I have recently found this new thing called "Twitter" so I hope I'll find out soon.
@alexxeno34734 жыл бұрын
Damn 5 Michelin stars? Here I thought they only went to 3.
@SumitoMedia4 жыл бұрын
I know it's insane
@alexxeno34734 жыл бұрын
@@SumitoMedia thank you for teaching me something new
@bobbyrosken4 жыл бұрын
I would reconsider not rebranding as a financial channel. I found TWO separate quarters while watching this.
@LJL854 жыл бұрын
06:24 "...And WallStret's Bets decided: -That's what we are doing this week" I almost spit all my water
@greenhowie4 жыл бұрын
You know the rule. Once TikTok starts advertising a meme it's already dead. F in the chat for sea shanties.
@paladinkhan3 жыл бұрын
Big ol f
@CatholicZola3 жыл бұрын
F
@SemenSlurry3 жыл бұрын
F
@SheriffMayorTV3 жыл бұрын
f
@GekkoOne4 жыл бұрын
"After all, the less you paint, the more you're painting" - Sumito was truly a financial genius, even back then...
@CaptainCFAngi4 жыл бұрын
Finally, someone explains stonks in a way I understand
@SumitoMedia4 жыл бұрын
I'm happy to help
@mcfluffcakes4 жыл бұрын
Ive had three people explain this to me now, but sumito does it the best.
@gsharp21874 жыл бұрын
Three more months until Reddit will want to put heads on spikes as jokes. They really try to be shitty 4chan raiders.
@slowlanesenpai97644 жыл бұрын
They put 4chan to shame.
@notcatisa4 жыл бұрын
@@slowlanesenpai9764 if 4chan had comparable numbers to reddit, they would blow reddit out of the water
@poorimage31584 жыл бұрын
@@notcatisa 4chan hasn't done anything good in years
@slowlanesenpai97644 жыл бұрын
@@notcatisa and if I had a million dollars I would be a millionaire
@mbridgehill55433 жыл бұрын
@@slowlanesenpai9764 sure son, ROI for GME was like 1600%, /biz/ shilled link and its ROI is 17700%
@Chrisofthemount4 жыл бұрын
This is a great explanation of the whole situation. As someone who has financial experience, great work!
@SumitoMedia4 жыл бұрын
oh shit, thank you. I was worried it'd be bad
@spiderjeranimo49924 жыл бұрын
The Wall Street is a perfectly balanced game with no exploits.
@SumitoMedia4 жыл бұрын
not included the day one patches sure
@Steven_Andreyechen4 жыл бұрын
Unless you include the 1929 DLC, that one was completely broken
@spiderjeranimo49924 жыл бұрын
@@Steven_Andreyechen Wallstreet 76 is still buggy.
@ErikiusTV3 жыл бұрын
The fact you only have 80.000 subs is mind blowing. You deserve it all man. Goodluck!
@user-sv3vq3iv4r4 жыл бұрын
Dam sumito really turned that production quality up since I last watched
@SumitoMedia4 жыл бұрын
it's actually much worse but on a nicer camera
@maddiepaddy26084 жыл бұрын
His hair just got longer
@danieljhalab67754 жыл бұрын
you have made me imenselly happy with the Wellerman parody mwa love you
@SumitoMedia4 жыл бұрын
I'm here to serve
@Sw4y4 жыл бұрын
Here's the link to the video: kzbin.info/www/bejne/mGrSepJujqxpjNU
@danieljhalab67754 жыл бұрын
@@Sw4y thank you for your service in making the music sir!
@maddiepaddy26084 жыл бұрын
@@Sw4y Woah you actually made this! Incredible
@emanuelstornello80094 жыл бұрын
The new movie starring sumito DiCaprio.
@SumitoMedia4 жыл бұрын
THE MEME OF BALLSTREET
@emanuelstornello80094 жыл бұрын
@@SumitoMedia I rate it 5/5 "nice stonk"
@yanfei77824 жыл бұрын
@@SumitoMedia I would watch this in a heartbeat.
@cegf3d4 жыл бұрын
0:45 I was 100% sure he was looking for battletoads
@ProperZen4 жыл бұрын
Lol - took me a second on the song, but the cutback to you singing the chorus had me spitting out my coffee. A 1,000 people are going to say this but Michelin only has 3-stars. It was originally a travel guide given away free and was made by the Michelin Tire company to encourage more travel and thus sell more tires. A 3-Star restaurant meant the restaurant experience was so good that it was worth designing a vacation trip just to go eat at that restaurant.
@MrTimmy1323 жыл бұрын
Honestly, the most underrated channel on KZbin. Love you, baby
@TheVzada4 жыл бұрын
As a guy that works in finance last week was wild my productivity was in the shitter from looking at GME price and memes all day, it's kinda back to normal but I am having dopamine withdrawals from it. Great video, sub count goes brrrrr 🚀🚀🚀
@kyleyuen2454 жыл бұрын
Came for the memes, stayed for the economics lesson
@AsTheySawit_History4 жыл бұрын
The Day the Stonks Stood Still
@unripetomato43123 жыл бұрын
best explanation of shorting ive seen yet. thx internet historian for the great recommendation :)
@buddergolem94634 жыл бұрын
These billionaires seem to have forgotten that wolves hunt in packs
@SumitoMedia4 жыл бұрын
ah yes, my wolf pack has grown by 3
@buddergolem94634 жыл бұрын
@@SumitoMedia so you and IH ARE furries!
@CatholicZola4 жыл бұрын
@@buddergolem9463 confirmed
@daphne-blue4 жыл бұрын
I needed this today, thanks Sumito you absolute babe ✨
@tasin77773 жыл бұрын
Robinhood stopped people from buying because they didn't have enough capital for collateral to allow the trades, not because of corruption. As soon as they had enough collateral they let people buy again.
@codywolfe11034 жыл бұрын
This channel is criminally underrated
@chromeheirst3884 жыл бұрын
I will hold to 1000 if you get internet historian to talk about this.
@matthiassaiki3244 жыл бұрын
It's exactly like Wolf of Wall Street, only with less nudity.
@donb25273 жыл бұрын
There was in fact only a few hedge funds that suffered heavy losses on the GME squeeze. Most of the hedge funds that shorted GME had already started unloading their shorts months prior and some even started accumulating long positions as they saw a turn in the company's financials. It's also shown most of the pressure came from retail traders on the buy side, not wallstreet covering their shorts. Robinhood allegedly shut down buying because they (or their clearing house) were losing hundreds of millions if not billions on the daily because they bundled up their orders and executed them at the end of the day, which does not end well if they sell GME at $100 per share and need to buy it back for $150 at the end of the day to maintain market neutrality.
@jkhan17704 жыл бұрын
A bit late bruh stock is down -2000%
@SumitoMedia4 жыл бұрын
yeah but what goes down must come up please god I hope it does
@JohnSmith-ox3gy3 жыл бұрын
@@SumitoMedia Stonk only goe up, buy the dip and 200 nuggie.
@slowlanesenpai97644 жыл бұрын
I am a simple man, I see a familiar face from internet historian, I click
@otroMati4 жыл бұрын
3:30 was all what i though through this all these "stonk wars"
@konstantinn.98464 жыл бұрын
Bruv! I love this video! You are a charismatic lad, and I enjoy seeing you in front of the camera. Also, standing >>> sitting
@SumitoMedia4 жыл бұрын
more to come don't miss it
@konstantinn.98464 жыл бұрын
@@SumitoMedia more to cum*
@Hugo_Golden3 жыл бұрын
3:10 I felt that.
@No-uc6fg4 жыл бұрын
1:57 Bones in the ocean, my dude. Listen to bones in the ocean.
@jamespondy03 жыл бұрын
There's a new Resident Evil out!! *Everybody* : how do I get with Big Mommy
@aminebourdi4 жыл бұрын
Came for the memes, stayed for the financial advice.
@austinwoodall54233 жыл бұрын
I used to live in Merrifield, I'm pretty sure I saw you at the Harris Teeter one time
@Alqha4 жыл бұрын
Lord sumito please tell me what i gotta google to get the background in 2:20
@guyguyson85784 жыл бұрын
So your confirming that you’ll singing sea shanties in a karaoke type fashion next episode
@maddiepaddy26084 жыл бұрын
Impeccable opening bit. I will be sending this to friends until they subscribe
@pedrozli36414 жыл бұрын
Good explanation and nice memes, awesome video man
@fixitfelix7182 жыл бұрын
Iii knewwwww i saw you somewhere...before i found you again..good ish bro...keep it up been bingeing the last 2 day...deep in the rabbit hole...ive even been to the deep dark stuff from 2 years plus ago
@shde.97994 жыл бұрын
man i love this channel
@qqqalo4 жыл бұрын
3:28 Based.
@WetCiggizz3 жыл бұрын
GameStop gonna go back down the drain when one of the employees spills a drink
@deveshyadav47834 жыл бұрын
6 months before ( not literally) everyone was talking about how shitty r/Wallstreet bets are . And now look like everyone wants to invest in stocks and his ideas . Well these are confusing times.
@IjiModo4 жыл бұрын
4 billionaires watch SumitoMedia.
@fineway70533 жыл бұрын
Sumito, it wasn't just Robinhood that had restricted trading. Almost all trading platforms were treating BANG stock with buy restrictions and refused to allow you to buy them on good faith clause.
@TheCitrusWizard4 жыл бұрын
just saw internethistorians newest episode. You're a funny dude! keep up the great work! Also your content is preem.
@Bec8744 жыл бұрын
oh sweet a video with the mod of r/WallStreetBets
@slankbot24 жыл бұрын
New video: Hell yeah
@bubbakushingtonIII3 жыл бұрын
Thank you for the explanation because everyone else was just going "WTF MAN FREE TRADE, YOURE STOPPING THE WHOLE SYSTEM"
@themanthemyth45224 жыл бұрын
Nothing like a little reddit fuckery to start off the february
@infernosgaming89423 жыл бұрын
Wall Street Bets: "We're gonna crash the stock market, and nothing you can do will stop us."
@jackmaniscalco33924 жыл бұрын
Yes
@SumitoMedia4 жыл бұрын
is that your final answer?
@jackmaniscalco33924 жыл бұрын
Yes
@SheriffMayorTV3 жыл бұрын
Bro a Jak 3 reference in 2021!! I love you now, legitimately
@aponderingfrog25524 жыл бұрын
I've been looking forward to this
@SumitoMedia4 жыл бұрын
I'm very sorry to hear that
@zalgradis29873 жыл бұрын
Hours spent desperately trying to understand this mess and it took Sumito memesplaining for it to finally make sense >_
@scoogr4 жыл бұрын
The eva shirt brings me happiness
@shadsantiago17664 жыл бұрын
When can we expect a Studio Sumito update
@brokengirlsrus4 жыл бұрын
I was so confused by this whole situation but now I'm still confused, but amused
@WevvMang4 жыл бұрын
1:32 Y'all got Battletoads? 7:35 not quite. The folks RObinhood used to complete the trades (clearing house) said they needed more margin collateral (basically the same loan concept) so that's why they had to halt those trades. Not enough collateral. So Robin Hood was shady, and not forthcoming, but there was not much they could do. The real villain was the clearinghouse.
@leonardoballesteros46874 жыл бұрын
Im lovin them sea shanties
@non_brewed_condiment3 жыл бұрын
Idk about you guys but now that I've finished watching this SumitoMedia video I could really go for a nice long *purchasing spree* if only there was a sponsor to help me guide my desire to wrecklessly spend which would not exist had I not watched this video.
@That1CrappyGuy3 жыл бұрын
Damn Sumito you can’t just tease a homie with a meme shanty like that
@durarada4 жыл бұрын
taught me more about stocks than my granddad. all he taught me was how to keep a POW alive during torture.
@kavicportoghese35244 жыл бұрын
Man better cover the sea shanties "John Paul Jones Is Pirate" and "The Curse" next video. Both by The Longest Johns, by far the best sea shanty group. Just listening to those absolute jams makes me want to bust out my percussion cap kentucky rifle and overcharge it with smokeless powder.
@erikurizita67023 жыл бұрын
Why are you so criminally undersubbed still Sumit?! I know KZbin Unsubbed me from you and IH every time I call out their hypocrisy, but they can’t be doing that to all your subs :( At any rate, keep doing you bro. You give us way more than we deserve. And as always, your content is amazing.
I just want big Mommy Resident Evil to call me her little pogchamp
@Ivytheherbert3 жыл бұрын
Shame Robinhood doesn't have stock options itself. The hedge funds could have pulled an epic gamer move by shorting their stock, safe in the knowledge the r/wallstreetbets wouldn't buy it after this incident!
@bruhbruhhh65924 жыл бұрын
Sea Shanty 2 is one of the greatest bangers of all time no 🧢
@papabean42084 жыл бұрын
We need to buy Sumito a lav mic, he be hurtin' my arm watchin' him. Also that beginning had a bit of a Being John Malkovich vibe.
@BenjjyBoi4 жыл бұрын
I appreciate the "Wellerman" cover as a fan of seashanties.
@ShredHouseGaming3 жыл бұрын
Introducing “The Sumemeto Financial Channel”
@SlipperKarting3 жыл бұрын
Probly the most degen friendly shorts explanation
@AlejandroRodolfoMendez3 жыл бұрын
Thanks for the explanation, and thanks for the memes
@blablablaj3 жыл бұрын
Geez sumito, youre awesome !!! Why does this mAN DOESNT HAVE MORE SUUBS
@stocktalk57394 жыл бұрын
I wanna buy the shorting course.
@kz-be3ri4 жыл бұрын
Glad to see my man Sumito will have a seat on the rocket
@averymorrish96863 жыл бұрын
How many vending machines per GameStop?
@Foreststrike4 жыл бұрын
So what would happen if you bought a ton of stock from the major markets? Could you effectively crash the entire economy because of it?
@pip47003 жыл бұрын
I, Pip, agree with your words, Internet Funny Man
@thehallwayhobo87044 жыл бұрын
Hey man, I'm a shanty expert. The Longest Johns have good harmonies, but check out the dreadnaughts for some loud boys. Also, was that a Jak 3 reference? Instead of a Jak 2 one? You were so close to perfection, man, but I'll give you a pass anyway. Nice video homie
@FloreyXE3 жыл бұрын
Gamestop confused why they're suddenly among the richest business in the US
@prankedmama4 жыл бұрын
apparently gamestop shop lobby is on the 7th floor of the skyscraper
@CatholicZola4 жыл бұрын
SEA 👏 SHANTIES 👏
@soejrd249784 жыл бұрын
New sub, I love this
@donutRsoawesome4 жыл бұрын
In December 2021 , gamestop will be serving moet , caviar with every game purchase
@SumitoMedia4 жыл бұрын
I'm really hoping so I hate going to two different stores for my moet and my games
@warrabbit1234 жыл бұрын
I really like how your “fancy dress” for your host is a North Face jacket. Makes me feel like fucking royalty with my Eddie Bauer gear.
@prankedmama4 жыл бұрын
underrated comment
@ChampionOrBust4 жыл бұрын
How can I invest my life savings into $SMTO Sumito Stocks?
@SumitoMedia4 жыл бұрын
like a subscrib
@21Trainman4 жыл бұрын
Man Tai Lopez caught me off guard. Loved those videos back then