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E19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
All-In with Chamath, Jason, Sacks & Friedberg
The Prose Versus the Joes
On January 20 21, game stop strikes an agreement with ryan cohen and adds him to the board of directors. The stock goes up 13 % on that day and closes it about 20 bucks a shere one day later. On january thirteenth and fourteenth a price keeps ticking up. Then over the past seven trading days, we have traded over 100 billion dollars of stock and game stock which is well in excess of what retail can support. And this is what has created this crazy nonsense we've seen.
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