Gamestop Saga - Robinhood App Stops The Masses To Help The Rich.

Channel:
Australia Humble Hardware with JimRPG
Subscribers:
15,600
Published on ● Video Link: https://www.youtube.com/watch?v=XlYAYkf-D0A


Duration: 9:37
292 views
34

Robinhood halted trading through the app to stop the price of shares going up. Why? Because hedge fund groups are trying to drive the price down to recoup their losses. It's an all out stock market war between redditors and gamers vs billionaires and hedge fund groups.

Chapters

0:00 Intro and Quick recap of Robinhood story
1:51 Are online groups coming together driving the stock price up illegal?
3:17 Robinhood App stops trading to slow share price rise
5:14 ETrade App also stops trading
5:40 Politicians are getting involved


Sources

https://www.theverge.com/22251427/reddit-gamestop-stock-short-wallstreetbets-robinhood-wall-street

https://www.theverge.com/2021/1/28/22254584/gamestop-robinhood-short-reddit-wallstreetbets-aoc-ted-cruz

https://www.theverge.com/2021/1/28/22254863/etrade-gamestop-amc-stock-reddit-wallstreetbets-robinhood

https://www.theverge.com/2021/1/28/22254909/senate-banking-stocks-sherrod-brown-aoc-gamestop-reddit-hearing



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Tags:
Robinhood
Gamestop
Billionaires
Gamers
Wallstreetbets
Melvin Capital
Steve Cohen
Chamath