wallstreetbets GameStop Censorship:
Gamestop stock has seen a meteoric 1600% increase in value after wallstreetbets subreddit members joined together to squeeze the overly shorted stock, causing hedge funds short $GME to lose almost $20 billion. In response to “market volatility”, Robinhood and other brokerages have restricted transactions on GameStop and other securities popular with wallstreetbets members, a move has garnered attention from the SEC and the UK’s Financial Conduct Authority. Alex discusses this censorship from Robinhood that’s being seen as a blatant morally bankrupt siding with Wall Street’s Elite, looks at Reddit’s censorship of the wallstreetbets community, and plays back some clips of reactions from “SPAC-Man” Chamath Palihapitiya and Barstool Sports’ Dave Portnoy aka
Davey Day Trader Global.
This is an excerpt from episode XX of Winner Take All. Watch the full episode here:
Originally Aired: 01/28/21
#wallstreetbets #GameStop #Robinhood
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