The Grind:
For the first time in decades, Americans seem to be wholly united in bipartisan rage, this time against Wall Street hedge funds and the Robinhood stock trading platform for shutting retail traders out from “meme stocks” like GameStop, AMC, and others. American rap artist Ja Rule said “this is a f**king CRIME what @RobinhoodApp is doing,” before urging his followers “DO NOT SELL!!! HOLD THE LINE…”
The Details:
“This is unacceptable,” wrote Ocasio-Cortez. “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.”
Cruz quoted the tweet, adding “Fully agree.” Read more…