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Winning the Degenerate Economy with StockTwits CEO Howard Lindzon | Masters in Business, Sonic AI
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Winning the Degenerate Economy with StockTwits CEO Howard Lindzon | Masters in Business
Masters in Business
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May 9, 2026
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1:27:06
Interview
Winning the Degenerate Economy with StockTwits CEO Howard Lindzon | Masters in Business
From
Masters in Business
Howard Lindzon
(CEO, StockTwits, guest)
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Executive Summary
Howard Lindzon recounts his early seed investment in Robinhood, driven by a thesis of customer acquisition cost (CAC) arbitrage against incumbents like Schwab, which proved massively successful.
He expresses a bearish outlook on the venture capital industry in the current high-interest-rate environment, arguing that public markets offer more sensible valuations and liquidity.
Lindzon discusses the creation of StockTwits and the invention of the "cashtag" ($AAPL) to filter financial conversations on Twitter, highlighting the challenges of building a business over 17 years.
He identifies and expresses concern over the rise of the "Degenerate Economy," characterized by high-risk trading in meme coins, daily options, and sports parlays, which now drives significant brokerage profits.
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The Robinhood Investment Thesis
The Rise of the 'Degenerate Economy'
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Processed May 9, 2026
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