Ep 44 - Robinhood VS The People (GME / Gamestop Controversy)

<p>In this episode, we talk about the gamestop controversy! robinhood vs the people!!</p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Check out our website for more content: (<a href='https://brokemillennialfinance.net'>https://brokemillennialfinance.net</a>) </p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p> </p> <p>Want to reach out to us? Email us at contact@brokemillennialfinance.net</p> <p> </p> <p>Show Notes:</p> <ul><li style="font-weight:400;">What is happening? <ul><li style="font-weight:400;">Melvin capital and other hedge funds shorted GME 140%</li> <li style="font-weight:400;">What is shorting? <ul><li style="font-weight:400;">When you bet a stock will go down. You borrow the stock and sell it to someone at a lower price.</li> </ul> </li> <li style="font-weight:400;">Robinhood shut down trading/buying on certain securities/stocks <ul><li style="font-weight:400;">But you were allowed to sell, which in essence, is market manipulation</li> </ul> </li> </ul> </li> <li style="font-weight:400;">Robinhoods defence? <ul><li style="font-weight:400;">They stated it was due to capital SEC requirements with the clearing house.</li> <li style="font-weight:400;">No alleged market maker told them to not sell (bs)</li> </ul> </li> <li style="font-weight:400;">What should you do? <ul><li style="font-weight:400;">Other brokers allowed you to stil