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GameStop: The Wall Street Hijack

On Thursday,January 28, soon after the opening bell, Robinhood and several otheronline...

GameStop: The Wall Street Hijack • 2021

[upbeat music playing] [Jordan] On Thursday,
January 28, soon after the opening bell, Robinhood and several other
online brokers announced that they're halting any
further buying of GameStop. The ride appears to be over. [reporter] Robinhood,
the free trading app suspended trading of GameStop and other Red-Hot stock shares citing extreme volatility. [Jordan] The retail trading
apps were never designed to handle this many transactions and they buckled
under the strain. At least that's what they say. And with the halt in trading,
GameStop's price soon starts to fall and many
of the retail investors are devastated. [Tony] There was a sense
of just awe and disappointment and anger

Full Transcript

00:00:01.000 --> 00:00:03.368

[upbeat music playing]

00:00:03.403 --> 00:00:06.204

[Jordan] On Thursday, January 28,

00:00:06.239 --> 00:00:08.206

soon after the opening bell,

00:00:08.241 --> 00:00:11.476

Robinhood and several other online brokers announced

00:00:11.511 --> 00:00:15.038

that they're halting any further buying of GameStop.

00:00:15.415 --> 00:00:18.784

The ride appears to be over.

00:00:20.286 --> 00:00:22.012

[reporter] Robinhood, the free trading app

00:00:22.155 --> 00:00:24.189

suspended trading of GameStop

00:00:24.223 --> 00:00:26.158

and other Red-Hot stock shares

00:00:26.192 --> 00:00:30.228

citing extreme volatility.

00:00:30.263 --> 00:00:33.999

[Jordan] The retail trading apps were never designed

00:00:33.003 --> 00:00:35.467

to handle this many transactions

00:00:35.501 --> 00:00:38.303

and they buckled under the strain.

00:00:38.338 --> 00:00:40.305

At least that's what they say.

00:00:40.034 --> 00:00:44.209

And with the halt in trading, GameStop's price soon starts

00:00:44.243 --> 00:00:47.913

to fall and many of the retail investors

00:00:47.947 --> 00:00:49.381

are devastated.

00:00:49.415 --> 00:00:54.219

[Tony] There was a sense of just awe

00:00:54.253 --> 00:00:57.556

and disappointment and anger.

Duration

58 seconds

Views

35

Timestamp in Movie

00:37:07

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.