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[Jordan] So why did this happen?
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GameStop: The Wall Street Hijack

So why did this happen? Robinhoodand other online brokers claimed that they didn't...

[Jordan] So why did this happen? Robinhood
and other online brokers claimed that they didn't have
enough cash to cover the trades. [Susannah] Now the problem
was they didn't explain that actually
it was the clearing houses that was forcing the platform to put up more money
for this deposit requirement

Full Transcript

00:00:01.000 --> 00:00:03.635
[Jordan] So why did this happen?
00:00:03.669 --> 00:00:05.437
Robinhood and other online brokers
00:00:05.471 --> 00:00:09.775
claimed that they didn't have enough cash to cover the trades.
00:00:11.477 --> 00:00:13.979
[Susannah] Now the problem was they didn't explain
00:00:14.013 --> 00:00:16.999
that actually it was the clearing houses
00:00:16.999 --> 00:00:18.283
that was forcing the platform
00:00:18.317 --> 00:00:21.853
to put up more money for this deposit requirement.
Duration
22 seconds
Views
32
Timestamp in Movie
00:39:36
Uploaded
May 10, 2025
Genres
documentary
Production
N/A

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Movie Summary

A group of young, risk-embracing day traders used social media to organize a massive stock buy-up. Jordan Belfort provides details about the story, exploring how it shook the world's markets.
[man] A lot of investors don't realize - GameStop: The Wall Street Hijack 00:11
[man] A lot of investors don't realize
So during those two business days due to regulation, - GameStop: The Wall Street Hijack 00:12
So during those two business days due to regulation,
[Jordan] And Robinhood said, they just didn't have - GameStop: The Wall Street Hijack 00:20
[Jordan] And Robinhood said, they just didn't have
There are major financial hurdles - GameStop: The Wall Street Hijack 00:06
There are major financial hurdles
But as I started digging deeper, - GameStop: The Wall Street Hijack 00:11
But as I started digging deeper,
[dramatic music playing] - GameStop: The Wall Street Hijack 00:14
[dramatic music playing]
That probably triggers some people - GameStop: The Wall Street Hijack 00:11
That probably triggers some people
And I sold my shares for 200% profit - GameStop: The Wall Street Hijack 00:07
And I sold my shares for 200% profit
Unfortunately, a lot of my friends did end up - GameStop: The Wall Street Hijack 00:06
Unfortunately, a lot of my friends did end up
[Tony] I did feel that sinking feeling - GameStop: The Wall Street Hijack 00:14
[Tony] I did feel that sinking feeling
I held on to those shares. - GameStop: The Wall Street Hijack 00:13
I held on to those shares.
So, um, if I sold everything at $200 - GameStop: The Wall Street Hijack 00:16
So, um, if I sold everything at $200
I did not make so much but I think - GameStop: The Wall Street Hijack 00:05
I did not make so much but I think
[Mike] Now, percentage games in GameStop - GameStop: The Wall Street Hijack 00:09
[Mike] Now, percentage games in GameStop
It was an extremely successful trade. - GameStop: The Wall Street Hijack 00:27
It was an extremely successful trade.
[dramatic music playing] - GameStop: The Wall Street Hijack 00:20
[dramatic music playing]
The GameStop story represents, uh, a larger truth. - GameStop: The Wall Street Hijack 00:05
The GameStop story represents, uh, a larger truth.
A fundamental change is happening. - GameStop: The Wall Street Hijack 00:04
A fundamental change is happening.
[Jordan] Some of the key players in the story - GameStop: The Wall Street Hijack 00:13
[Jordan] Some of the key players in the story
We serve the millions of small investors - GameStop: The Wall Street Hijack 00:06
We serve the millions of small investors