Rep. Alexandria Ocasio-Cortez took to Twitch tonight to dwell stream her ideas on the GameStop stock-trading drama. 300,000 individuals watched on the stream at its peak, which was suffering from technical points at first.
When the stream ultimately obtained began AOC spoke to Alexis Goldstein, who spent seven years on Wall Road earlier than getting concerned with Occupy the SEC—a working group in Occupy Wall Road that focuses on monetary regulation. She offered a primer on the Reddit WallStreetBets group, who banded collectively and used Robinhood and different monetary companies apps to push GameStop stocks 14,000% higher over the previous few months after Wall Street hedge funds bet against those shares.
You possibly can rewatch the stream here in its entirety here.
on Thursday citing “market volatility.” Quickly after, a lawsuit seeking class-action status in opposition to Robinhood was filed in New York. Robinhood modified course late Thursday, saying it could “allow limited buys of these securities” on Friday.
AOC had previously been vocal about her criticism of Robinhood‘s actions, tweeting that we have to know extra concerning the app’s “choice to dam retail traders from buying inventory whereas hedge funds are freely capable of commerce the inventory as they see match.” AOC added that as a member of the Home Monetary Providers Committee, she helps a hearing on the matter.
You possibly can head to AOC’s Twitch channel to rewatch the stream.