Veteran tech journalist and New York Times Opinion Podcast host Kara Swisher joins to explain what's going on with the fight over stock in the video game retailer, GameStop. Aired on 01/29/2021.
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GameStop, Reddit, And Robinhood: Wall Street Chaos Explained | The 11th Hour | MSNBC
It’s all fun and games until the poor stop fighting each other for scraps, and start looking at the 1%…
The very definition of insanity… repeating the same steps and expecting different outcomes. The rich got what they have through exploitation. The Reddit 99% are trying to bring down the rich by applying the same actions the rich used. Won’t change anything. A few 1%ers will slip down the ladder to join the 99% and 1 or 2 99%ers will claw their way into the 1%.
The only way to fix this game is to remove the game. No one gets to be super rich and a system is developed to ensure a decent life for everyone. UBI? Worker co-operatives? Gov’t guarantees of housing, food & clothing?
One thing for sure: collectively stop idolizing the rich.
Its so beautiful
Biden got a 17 gun salute, not a 21 gun salute. He is not recognized by the US military as president. Ask these knuckleheads to report on that.
@chgojoearchivist
Oh no!! That definitely means something! But wait, why would they report on something that didn’t happen? 🙄
@Civil Villain LMFAO!!! Go look up the video and count them for yourself, knucklehead!
brilliantly explained, ty ms swisher and mr williams. scr*w wall st
Robinhood is just another Scum that same as Hedge Fund. Investor should sue Robinhood and others platform that cause investor loss.
Didn’t say anything about how Robinhood screwed every user over today by restricting trading and plummeting the stock. I lost $4,000 today. Didn’t feel good. Coming at you tomorrow Gamestop. Buy Dogecoin.
Jeeze man , I hope you don’t have money in GameStop .
Doge coin gang
UNITY = Left and Right together against the establishment, which is biden regime
Bernie Mitten bruh you’re brain dead
Did he say gamestonk like elon lol 😂
Robinhood already has a class action lawsuit against them, they’re going to be a smoking crater when this ends
Robinhood has destroyed themselves. by imposing limits on what people can buy, they’ve completely alienated everyone they were trying to attract to their service. suicidal business practice.
I mean the minute their software lived up to the name they shut it down.
I thought about Robin hood for a small bonus but after hearing about this market manipulation, forget it
So the rich want a free market when its in there favour but when they lose they are saying regulate it
Similar to freedom of speech.
The irony of the comment above yours.
How is it now unfair when a company does exactly what it has every right to do with its platform?
This was hands down the worst 3 minute explanation of the scenario
Especially considering that most of the 3 minutes was filler.
took three minutes introducing the speaker 🙂
You expected more from this channel? It’s not like MSNBC doesn’t have gross conflicts of interests in this whole story. From investments to access journalism, these mainstream outlets are the worst source for honest coverage of this issue. It’s no wonder they buried this story with only three minutes.
Socialism for the rich, rugged individualism for us
So tired of the republicans bailing out the rich and giving them tax breaks while turning their backs on the little guy. The blue collar guy is the guy they need to worry about. We are the ones that stimulate the economy.
“Robin Hood” take from the rich and give to the… wait that doesnt sound right
Robinhood is owned by Citadel, which has a stake in Melvin Capital.
When their money is involved, all of a sudden the Rona doesn’t exist
you noticed that, too huh?
This is the most punk rock thing ive ever heard of
Hedge Fund: Imma exploit the market.
Retail Investor: Same.
Hedge Fund: I’m telling! MOM!
Maybe they really like Gamestop
LoL, the second Robin Hood lived up to its name it shut itself down.
gotta love how these guys love to talk about capitalism yet they kick and scream when the free market actually starts acting freely
Look like those managers are going to have to stop buying Starbucks and bike to work.
Dry them out!
im noticing a familiar pattern emerging: riches made for a good run followed by traumatic crash. Traumatic crash followed by catastrophic war.
“We don’t want the masses driving the stock, only the elite”.