GameStop stock rose more than 1600% in two days. Stephanie Ruhle explains how amateur day traders on the Wall Street Bets subreddit bought GameStop stock en masse in response to hedge funds shorting the stock. Aired on 01/28/2021.
» Subscribe to MSNBC:
As part of its commitment to providing breaking news coverage throughout its daytime schedule, MSNBC has a block of "MSNBC Live" programming throughout the day, with different anchors splitting up the hours. This portion of the block is anchored by Ayman Mohyeldin. As with the other "MSNBC Live" programming blocks throughout the day, the Mohyeldin-anchored show explores the day's developments in news and politics so the network's viewers can continue to be informed of the latest happenings. In addition to covering breaking news, the show includes newsmaker interviews and analysis of the latest stories.
MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more.
Connect with MSNBC Online
Visit msnbc.com:
Subscribe to MSNBC Newsletter:
Find MSNBC on Facebook:
Follow MSNBC on Twitter:
Follow MSNBC on Instagram:
#GameStop #HedgeFunds #MSNBC
Stephanie Ruhle Explains The GameStop Short Squeeze | Ayman Mohyeldin | MSNBC
Wallstreet stopped trading of those stocks so they could protect the 1% and let them get out of their shorts. Disgusting
True. And Team Biden will protect them. How dare common people disrupt their wealth machine.
What’s next is $RYCEY (Rolls-Royce) It’s another stock we need to buy up, it’s one of the most shorted stocks of this year.
We need to cause more panic for the elite’s, time to send a message!
We need to spread this message!
Greg M
(POSTED THIS BUT EVIDENTLY DELETED IT LATER)
TheBase1aransas Explain how PRESIDENT Biden is responsible. He has nothing to do with the stock market. You Trumpturds really live in a bizarre alternative universe.
I’ll reply: Team Biden is OWNED by China and Wall Street. And he’s proved it in his first week.
@TheBase1aransas Honestly if you think Biden will protect them, Trump would have done 5x. Who gave trillion dollar tax cuts to the super rich in 2017 when the economy was booming, I am totally forgetting?
@Amol Sonawane Wall Street was big Never Trumpers from the beginning. You have been duped OR you are here to confuse people. I suspect the latter.
So much for the myth of the self-correcting free market.
why do you think trump want to stay on power lol
brian trump bad…baaaaah baaaaah baaaaaad.
There was no free market. The SEC, Congress and billionaires are all in a big club and we’re not in it.
The main problem here is that the market is built on fundamentally unstable, immoral, and parasitic practices. It’s not for no reason that Islam, Judaism, and Christianity prohibit lending money with interest. Shorting and put/call options are literally gambling, also prohibited in these religions.
Set your fundamentals correctly, and you can have a free market. Right now, it’s built for abuse by a few people with a lot of money. Although there is nothing wrong with having a lot of money, but it has to be invested properly without parasitic lending, usury, and many other immoral practices. Make your money fairly, not at the expense and misery of others.
There was never a “free market”
Let’s turn this pyramid scheme upside down
@TheBase1aransas nope, he was part of it stop lying. He actually wanted to create his own period with him on top. The whole MAGA merch cult was to let the poor pay for fandom.
@Jayant How do you explain the entire ESTABLISHMENT being Never Trumpers, and applauding the most Executive Orders by any President in HISTORY in the first 8 days? You can’t, can you. I’m not a Q aficionado but I have read through the posts. And they certainly expose why you are here lying for MSNBC. Brainwashing doesn’t work on informed people that do their own research. Your lies won’t win this. 80+ million know what you have done.
@TheBase1aransas wtf, nah I am with the people not the rich. But trump’s behavior exactly reflects how the rich see the poor. He belongs to their class. He also lowered the taxes for the rich specifically. He benefited Obama and Biden and his rich friends more than he did you. Sorry for bursting your bubble.
@Jayant You didn’t burst any bubble friend. You just proved yourself incompetent with cognitive ability or a dedicated liar. I lean toward the latter and will clean house..
@TheBase1aransas your not all there are u Trump is the swamp like u like to say
Well if they don’t have the shares they shouldn’t be allowed to post it.
Yup, exactly. And when they do that, they should have to stump up with the value.
Media and Politicians are in on this. Literally telling you what you can Buy
Have you been paying attention it started on reddit and only now that the stock of an underperforming company is skyrocketing is it being reported
True democratic way tell you what to do . Do as I say America
.. good job they not buying SILVER STOCK as that would be really mess up wall street ..
I’ve never shorted a stock in my life. In fact, I think that shorting stock should be abolished. However, I do praise what these “guys” are doing. Glad the big guys are getting a taste of their Medicine. We’ve had enough and we’re not going to take it anymore!
no, the big guy won in this story.
@– for me it’s the exposure. To realize that wall street is not a self correcting market makes them that much more of a target. I hope people continue to band together to continute this type of work.
First time investing on 1/12/21 bought 10 shares at @$25. So I put in $250 and right now they are worth $3,300 and the real squeeze hasn’t happened yet.
You mess with the RICH and they just change the rules in there favor! And that’s B.S. Time for the FEDS to look at these WALL STREET FOOLS
They’re all in cahoots, ya fool!
The Hedge funds need to go out of business because of the way they traded Game Stop. They took the risk now they need to pay the price.
We don’t have free honest markets and haven’t for decades.
oh they are paying the price. they were trying to make hundreds of thousands by short selling, now caught in a short squeeze, they lost billions.
Now that we know how to do it we can have “fun” with doing it.
They make the rules, rig the game and still lose.
This one time.
… and the government will bail them out. Again.
But once I mention who “They” is, wouldn’t you know it? Gol darn it you get silenced and labeled an “anti Semitic conspiracy theorist”.
I mean if I mention ANY one else? Nothing happens.
Hmmm 🤔
All of a sudden, Wall Street wants restrictions? Hedge funds lose. How ironic that the company is called, Robinhood.
Why are they allowed to short stock by borrowing the shares? Let this movement continue, ;let the shorters pay the price.
Ridiculous, but not unbelievable and no one will go to prison.
It’s not about money , it’s about sending a message
The “games” stop with GameStop, Wallstreet.
Funnily enough, no one stopped hedgers from shorting over 140% of Gamestop!
The house loses, like a trump casino.
More like off the corrupt greed of Janet Yelling and racist gropn Joe
😂😂
The “David Versus Goliath” tropes are laughable…this is the result of big Wall St firms “darkpooling”. ..Barclays, Credit Suisse, Morgan Stanley, Goldman Sachs “ Sigma” purchased over 200,000 GameStop shares since last December…this is killing us
“Now, the fire is out of control
The rich are crying for their gold”
– *Bob Marley* (Ride Natty Ride)