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GameStop: The Wall Street Hijack

Robinhoodwith a simple game like interface is slammed for encouraging peopleto trade...

GameStop: The Wall Street Hijack • 2021

[upbeat music playing] [Jordan] Robinhood
with a simple game like interface is slammed for encouraging people
to trade recklessly. And the New York stock
exchange proposes a number of reforms to rein in this kind
of wild speculation. But this hijacking of Wall
Street by amateur traders, there's no real way
to prevent it from happening again. [Ross] Anytime you can
have over a million people all buying the same stock, that's gonna have
the same type of impact as a large
institutional hedge funds. So in these instance,
I think that is gonna continue to change the landscape
of how people invest as well as how you start
to analyze certain stocks, right?

Full Transcript

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[upbeat music playing]

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[Jordan] Robinhood with a simple game

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like interface is slammed

00:00:07.773 --> 00:00:11.242

for encouraging people to trade recklessly.

00:00:11.277 --> 00:00:14.112

And the New York stock exchange proposes a number

00:00:14.146 --> 00:00:15.048

of reforms to rein

00:00:15.514 --> 00:00:18.283

in this kind of wild speculation.

00:00:18.317 --> 00:00:22.153

But this hijacking of Wall Street by amateur traders,

00:00:22.188 --> 00:00:24.389

there's no real way to prevent it

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from happening again.

00:00:25.658 --> 00:00:27.492

[Ross] Anytime you can have over a million people

00:00:27.526 --> 00:00:28.927

all buying the same stock,

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that's gonna have the same type of impact

00:00:30.429 --> 00:00:33.064

as a large institutional hedge funds.

00:00:33.999 --> 00:00:35.002

So in these instance, I think that is gonna continue

00:00:35.234 --> 00:00:37.335

to change the landscape of how people invest

00:00:37.369 --> 00:00:39.971

as well as how you start to analyze

00:00:40.026 --> 00:00:41.473

certain stocks, right?

Duration

41 seconds

Views

25

Timestamp in Movie

00:44:14

Uploaded

May 10, 2025

Genres

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.