PDS 1.28 Why This Disgusting Robinhood Dumpster Fire Has Me Furious, H3H3, DHS Warnings, & More

The Philip DeFranco Show

philip defranco

News

4.8 • 1000 Ratings

🗓️ 28 January 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Enter at https://www.omaze.com/Phil for your chance to win a 2021 Bentley Bentayga with $20k in the trunk and to support a great cause. Use code PHIL150 for 150 additional entries to increase your odds! Check out the new ACW episode with Daniel Sloss: https://youtu.be/j9eZhdzLwyQ -- WATCH Full “A Convo With” Podcasts: https://www.youtube.com/ACW LISTEN On The Podcast Platform Of Your Choice: http://LinksHole.com WATCH the ACW Clips channel!: https://youtube.com/ACWClips -- 00:00 - Robinhood Stops Trading GameStop, Users Furious 04:21 - EU Investigating Nintendo Over Joy-Con Drift 05:47 - Sponsor 07:02 - DHS Warns of Domestic Extremists 10:11 - Biden's Executive Orders On Healthcare -- ✩ SUPPORT THE SHOW ✩ ✭ BUY our GEAR, Support the Show!: http://ShopDeFranco.com ✭ Lemme Touch Your Hair: http://BeautifulBastard.com ✭ Paid Subscription: http://DeFrancoElite.com ✩ TODAY’S STORIES ✩ Robinhood and WeBull Users Infuriated After Apps Heavily Restrict GameStop, AMC Trading https://roguerocket.com/2021/01/28/robinhood-and-webull/ EU Group Calls for Nintendo Switch Joy-Con Drift Investigation: https://www.theverge.com/2021/1/27/22252043/eu-nintendo-switch-joy-con-drift-investigation DHS Issues Rare Warning of Heightened Domestic Threat: https://roguerocket.com/2021/01/28/dhs-issues-rare-warning/ Biden Signs Executive Orders Expanding Healthcare: https://www.usatoday.com/story/news/politics/2021/01/28/joe-biden-reopen-obamacare-enrollment-amid-covid-19-pandemic/4290137001/ ✩ STORIES NOT IN TODAY’S SHOW ✩ NBC Claims “The Office” Is More Popular on Peacock Than It Was on Netflix: https://roguerocket.com/2021/01/28/nbc-peacock-netflix/ Bernie Sanders Inauguration Memes Helps Raise Over $1.8M for Charity: https://roguerocket.com/2021/01/28/bernie-sanders-1-8m-for-charity/ —————————— Edited by: James Girardier, Julie Goldberg, Maxx Enright Produced by: Amanda Morones Art Director: Brian Borst Writing/Research: Philip DeFranco, Lili Stenn, Maddie Crichton, Cory Ray, Neena Pesqueda, Brian Espinoza Production Team: Zack Taylor ———————————— #DeFranco #Robinhood #GameStop

Transcript

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0:00.0	So no QC intro, we're jumping straight into the news and the dumpster fire that is this AMC GameStop Robin Hood story.
0:07.4	Do you know how much you have to have messed up to get AOC, Dave Portnoy, Ted Cruz, and Donald Trump Jr. on the same side?
0:16.6	And the answer is a lot, a ton. If you tried to quantify it, it would sound like a made-up number
0:21.8	that a child came up with, like 11T-Gagillion. And so while this is still a developing situation,
0:26.6	in part what I'm talking about here, is that Robin Hood today decided to make it so that you
0:30.0	could not buy new stock for GameStop, AMC, Blackberry, Nokia, Bedbath, and Beyond, and more. And that move comes as a stock market has been heavily upended by a group of Redditors
0:39.6	from the subreddit Wall Street bets.
0:41.1	All right, we've been covering the story this week
0:42.5	where you have people on Wall Street bets
0:43.7	and kind of just retail investors in general,
0:45.9	leveraging a process known as short squeezing
0:47.6	to force hedge funds to take a massive loss in stocks.
0:50.4	And while short squeezing is by no means a new tactic, their efforts were just wholly unprecedented.
0:55.0	For example, GameStop share price searched
0:56.7	to $470 today, but just half a year ago,
0:59.3	it was only $4.
1:00.5	So that's why this week we've seen so many people
1:02.3	just buying and buying and buying this stock up until
1:05.6	Robin Hood users like myself logged in this morning
1:07.5	and found they could no longer buy new stock.
1:09.2	Instead, only allowing us to sell off existing shares of these select stocks and so notably this one-way pipeline meant that
1:15.2	Robin Hood in effect only allowed moves that would continue to push the stock back down with
	...

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