Ep. 1184 - Robinhood Becomes The Sheriff Of Nottingham
The Ben Shapiro Show
The Daily Wire
4.4 • 152.4K Ratings
🗓️ 29 January 2021
⏱️ 51 minutes
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| 0:00.0 | Wall Street's GameStop nightmare continues as Robin Hood shuts down small traders. AOC rejects |
| 0:05.2 | cooperation with Ted Cruz while accusing him of attempted murder and the Biden economic cramdown |
| 0:09.0 | is coming. I'm Ben Shapiro. This is The Ben Shapiro show. This show is sponsored by ExpressVPN. |
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| 1:28.0 | smarter wireless. |
| 1:29.5 | All righty. |
| 1:30.0 | So the big story of the day continues to be GameStop. |
| 1:34.0 | So if you want to see a YouTube video where I actually explain what the hell just happened |
| 1:37.2 | with GameStop, we put one up last night where I actually take out the Glenn Beck whiteboard. |
| 1:41.5 | And I explained to you step by step exactly how a bunch of |
| 1:45.1 | folks on Reddit basically blew out the hedge fund managers by artificially boosting the price |
| 1:50.6 | of the game stop stock in order to short squeeze all of these hedge fund guys. Basically, |
| 1:55.5 | all those hedge fund guys, they had short sold the stock, which means that they had borrowed |
| 1:59.2 | the stock believing that the price would drop. They borrowed the stock, they sold the stock, which means that they had borrowed the stock believing that the price would |
| 2:00.8 | drop. They borrowed the stock. They sold the stock. And then they were hoping that when they had to pay |
| 2:06.4 | that stock back, they were going to be able essentially to buy the stock at a lower price and then they |
| 2:11.0 | would pocket the difference. Well, instead, what the Reddit guys did is they saw that people were |
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