Name: Wall Street Tries to Stop Average Investors Cashing in on GameStop| The Daily Social Distancing Show
Uploaded: 2021-06-20T16:39:38.000Z
Duration: 2 min 49 s
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You know, it's the reason your 14-year-old cousin

Adverbs of degree

Traders on Reddit sent the stock soaring this week,

causing billions in losses for the hedge funds

that bet against the video game retailer's stock.

And today, Wall Street decided: Enough was enough!

where GameStop and AMC shares have been tumbling

in trading action today, as a growing number of firms

The action is so wild that TD Ameritrade and Robinhood

from telling clients to buy or sell GameStop and AMC.

NEWSMAN: And now the criticism centered on Robinhood

in favor of helping those who had shorted all these stocks

I don't particularly like the move on Robinhood today.

I'm talking to people this morning that say,

"Okay, that is anti-capitalism. You can't do that."

in the Southern District of New York against Robinhood.

Um, and this is what part of it says, and I'm quoting...

"...purposefully, willfully and knowingly,"

Robinhood removed the stock, GME, GameStop,

in the midst of an unprecedented stock rise,

thereby, it goes on, "manipulating the open market."

by average people buying stock in GameStop,

that they just stopped average people from buying it.

Yeah. The same guys, the same guys who are always like,

"Oh, shit, the poor people got ahold of the freedom.

the GameStop stock that a lot of people bought

for a ton of money is now worth a lot less,

So, right now, a lot of people are understandably upset

In fact, it's bringing together people from all sides.

and even they're both blasting the Robinhood app

for blocking users from buying GameStop stocks.

Everyone's mad. Even people like Ja Rule.

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Wall Street Tries to Stop Average Investors Cashing in on GameStop| The Daily Social Distancing Show

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