(TJVNEWS.COM) Donald Trump Jr. defended the populist investing movement rallying to buy stock in GameStop on Thursday accusing the system of being “rigged.”
“It took less than a day for big tech, big government and the corporate media to spring into action and begin colluding to protect their hedge fund buddies on Wall Street,” he wrote on Twitter. “This is what a rigged system looks like, folks!”
It took less than a day for big tech, big government and the corporate media to spring into action and begin colluding to protect their hedge fund buddies on Wall Street. This is what a rigged system looks like, folks! #RobinHood #RedditArmy #GME #GMEtothemoon https://t.co/UhrwGHCjng
— Donald Trump Jr. (@DonaldJTrumpJr) January 28, 2021
Trump Jr. shared a post on Twitter from Barstool CEO Dave Portnoy who challenged the popular stock market trading app for blocking trading of GameStop stock as well as AMC, Blackberry, and Nokia.
“Somebody is going to have to explain to me in what world RobinhoodApp and others literally trying to force a crash by closing the open market is fair?” Portnoy asked. “They should all be in jail.”
Trump Jr. also marveled at the WallStreetBets Reddit group for acting like a major hedge fund.
“[T[hey just aggregated enough small retail investors in an open forum to move markets just like the big guys,” he wrote. “It’s actually amazing to watch!!!”
AOC appears to be on the same page as DT JR.
This is unacceptable.
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.
As a member of the Financial Services Cmte, I’d support a hearing if necessary. https://t.co/4Qyrolgzyt
— Alexandria Ocasio-Cortez (@AOC) January 28, 2021
Brendon Nelson (presumably a Robinhood user), sued Robinhood Financial LLC, Robinhood Securities, LLC, and Robinhood Markets, Inc. in the Southern District of New York this afternoon for “removing Gamestop from its trading platform.”
The lawsuit reads:
“Robinhood purposefully, willfully, and knowingly removing the stock “GME” from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market and manipulating the open-market.”
Social media users on Twitter were infuriated by the trade restrictions Robinhood and other discount brokerages placed on clients this morning. Some said:
“Now add TD Ameritrade who did the same yesterday and had price manipulated /price fixed/ caused MV buying power destabilizations, that affected not just these stocks. and they did not have the same trading rules on aftermarket or premarket when Institutions covered took profits,” on Twitter user said, noted by Zero Hedge.
Barstool Sports’ Dave Portnoy had this message to the founder of Robinhood
Hey @vladtenev I hope you go to jail
— Dave Portnoy (@stoolpresidente) January 28, 2021
The post Donald Trump Jr, AOC ON Same Page: Blast ‘Rigged’ System After Robinhood Blocks GameStop Trades appeared first on The Jewish Voice.