Robinhood goes meta - becomes the ultimate “meme stock”

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 4 August 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Robinhood has appropriately caught the eye of Reddit, becoming the top-talked about name on the platform as shares suge another 50% in their fifth day of trading. What this says about the power of the retail trader and the future of the online brokerage space. Plus big moves from Uber and Roku after their earnings reports. The traders break down the numbers

Transcript

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0:00.0	Live from the Nasak Marketside overlooking New York City's Times Square, this is Fast
0:06.0	Funny.
0:07.0	I'm Melissa Lee.
0:08.0	Tonight's Trader lineup.
0:09.0	Karen Pyroman, Dan Nathan, and Tim Seymour, the big three tonight.
0:12.0	Tonight on Faster Tracking, the out-of-arms action chairs of Uber, Roku and Etsy.
0:16.0	All three stocks on the move right now in earnings were breaking down their numbers straight
0:20.0	ahead.
0:21.0	Plus GM hits the brakes.
0:22.0	The stock falling nearly 9%.
0:23.0	We'll tell you how our traders are playing this big drop.
0:26.0	And later, leveling the playing field.
0:28.0	What SEC Chair Gary Gensler said today about dark pools.
0:31.0	But got our attention.
0:32.0	Got a lot of your attention, too.
0:34.0	The full detail straight ahead.
0:36.0	But we start off with these stock story of the day.
0:39.0	Robin Hood taking investors on a joyride.
0:41.0	The stock surging as much as 81% before triggering several trading halts early in the session.
0:47.0	Robin had closing out the day with a gain of just 50%.
0:51.0	It's now up 85% since going public on Thursday.
0:54.0	So what's driving the wild action chairs of Robin Hood?
	...

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