California Congressman Ro Khanna was furious with hedge funds, Robinhood and clearinghouses last week over the restrictions on trading, calling it “unfair.” He joins Stephanie Ruhle to explain what he would’ve wanted to be done differently. Aired on 2/1/2021.
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#RoKhanna #Robinhood #MSNBC
Rep. Khanna Reacts To ‘Unfair’ Markets And Last Week’s Trading Frenzy | Stephanie Ruhle | MSNBC
I wonder how much a gallon of gasoline will cost this summer 😳
$6
Surprised msnbc actually says something logical
I need more BTC. back to bed.😴
RO💚💙💚💙🔥
Sounds like the biggest issue is Robinhood has committed fraud
I don’t recall the legend of Robin Hood being about stopping the poor from finally being able to steal back from the rich. 🤔
Nothing is ever free, and people using Robinhood should have already understood that. Generally agree with everything that Rep. Khanna says, not a fan of services like Facebook or Robinhood selling user data to make their nut, but don’t think that anyone could have reasonably foreseen Robinhood’s reserves being challenged in such a way. Also, the answer to stock market manipulation is not more stock market manipulation, leading to stock and market volatility and instability, which is harmful to everyone overall.
Hasn’t the game always been rigged?
Regulate for the normal people, but not the billionaires who have been gambling and betting against stock and profiting a long time.
Why are you complaining? At least america didn’t invade you for your oil. Try being on the receiving end of American hypocrisy before you whine like an entitled infant.
I wish Ro Khanna was President! Get money out of politics!
Is the SEC a joke?
Stephanie Ruhle acts like she cares but she spent six years working in hedge fund sales and Wall Street is her “favorite place”.
Someone is butt hurt
There are no free platforms and it is misleading to assert that by any platform. Facebook is not free, for example. There is a high price paid to use the service. Facebook sorts all of us into tiers based on how profitable we are to them. They hone their product toward that productivity, to nudge more users into more ideal tiers for Facebook. It is a plain as day fundamental question that every user can ask, “Is Facebook AI working for users or is it working for Facebook.” I began my career in social media and online education (and other online resources) back in the mid 1970’s. I know that these interfaces could be designed to create amazing information tech for all users. Too many of the platforms are deliberately made clumsy in order to tamp people down.
They need to put a cap on stock price valuation that exceeds the company’s actual worth. I think Robinhood did right by stopping trades. As the stock price was going to crash, they would have had lawsuits from upset customers. It’s the company’s duty not to participate in a pump and dump scheme.
♥ Stephanie
Short selling should be banned.
Selling shares that you don’t own. Even selling 140% of the shares in a stock without owning one single share. Just to manipulate the share value to bring down a company like a hunted animal. Ruining the company and its rightful owners. That is fraud. It is blatant market manipulation.
The shorters use this as a weapon to attack and butcher up companies. They are ruining other companies business for their own financial gain. Corporate cannibalism.
How can that be legal? It is criminal action. Daylight robbery.
never forget, stephanie it’s always on the side of wall street because those are her people
God they are so nervous right now!
This reminds me of the way foxNews covered the election
Nothing is ever free, and people using Robinhood should have already understood that. Generally agree with everything that Rep. Khanna says, not a fan of services like Facebook or Robinhood selling user data to make their nut, but don’t think that anyone could have reasonably foreseen Robinhood’s reserves being challenged in such a way. Also, the answer to stock market manipulation is not more stock market manipulation, leading to stock and market volatility and instability, which is harmful to everyone overall.