The ongoing GameStop stock squeeze saga has taken another potentially earthshaking turn. Yesterday, a whistleblower claiming knowledge of happenings inside the offices of trading app firm Robin Hood dropped a huge yet unsurprising bomb on Reddit.
I work for Robinhood. Don’t kill me.Low-level, technical shit, comp sciences major, not finance side.Guess what we overhead today?Vladimir, yes founder Vladimir, and the C-Suite, received calls from Sequoia Capital and the White House that pressured into closing trading on GME etc. I guarantee you the same took place at E-Trade and the others who closed trading.File reports on the SEC page. If I wasn’t scared to be out of work in a pandemic I’d quit. I’m disgusted. We all need to rise up, this is as bad as it gets when we talk about how the rich get one set of rules, and the rest of us get screwed 🪛 over, and over, and over again left to bail them out and pick up the tab for their trillion dollar tax breaks. We need to pile pressure on every government and financial institution involved in this travesty of justice.
To bring you up to speed, small-time online investors, most famously from the Wallstreetbets subreddit, have been pumping the value of GameStop stock. Wall Street billionaires who’d shorted the stock stand to lose their shirts if the stock price stays high today, so multiple trading services, including Robinhood, colluded to block their customers from buying certain stocks.
The shameless white-knighting for hedge fund managers didn’t stop there. Robinhood is confirmed to have sold users’ shares of GameStop and other stocks without their permission.
On top of that, newly installed Treasury Secretary Janet Yellen has been found to have a conflict of interest in the Robinhood debacle.
Taken together, those breadcrumbs form a trail leading to 1600 Pennsylvania Ave. The GameStop squeeze threatens big donors and the Treasury Secretary, so Biden Intervened.
Forget four years. At the rate his crooked administration is imploding, Puppet Pal Joe may not last four months.
Don’t get stuck playing a rigged game. Learn to build your home business now!