023 - GameStop, Reddit, and Robinhood

<p><span style="font-weight: 400;">Yana shares her take on what is happening with the GameStop saga during January 2021 and why she believes that Robinhood actually did the right thing, even though their communication was hard to understand. Yana speaks about what she thinks happened based on the news and reports she had read along with her educated guess, plus so much more on this</span> <a href= "https://directory.libsyn.com/shows/view/id/compliancethatmakessense"> <span style="font-weight: 400;">Compliance That Makes Sense</span></a> <span style= "font-weight: 400;">episode. </span></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p><strong>Today's episode:</strong></p> <ul> <li><span style="font-weight: 400;">[00:34] Hello, my friends!</span></li> <li><span style="font-weight: 400;">[01:39] GameStop is a video game store that struggled through 2020.</span></li> <li><span style="font-weight: 400;">[02:31] Shares have been shorted by hedge funds.</span></li> <li><span style="font-weight: 400;">[03:53] Buyers used the Robinhood app to drive the price up, called a short squeeze.</span></li> <li><span style="font-weight: 400;">[05:30] Listen as Yana speaks about what has been happening and the restrictions imposed.</span></li> <li><span style="font-weight: 400;">[08:02] At the end of the day, GameStop's shares peaked around $400 a share then fell back to almost pre-hype levels.</span></li> <li><span style="font-weight: 400;">[09:57] Yana discusses where she wanted to go with this story and offers her perspective on whether this was market manipulation or insider trading.</span></li> <li><span style="font-weight: 400;">[12:45] Is Reddit to blame for anything?</span></li> <li><span style="font-weight: 400;">[15:00] Yana wants to argue that Robinhood did the right thing.</span></li> <li><span style="font-weight: 400;">[17:55] Yana believes there will be a broader demand for bitcoin payment options, diffe