Robinhood stops the games
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
This week the team — Natasha and Danny and Alex and Grace — recorded a bonus Equity Shot to help our listeners make sense out of the Gamestop trading bonanza happening all over the internet. The story is fast-moving, and news continues to break (twice during our recording, in fact) about how trading apps such as Robinhood are responding to the tear. Still, this type of story is worth a temperature check and timestamp because it feels like it’s a pivotal moment in many ways.
Here’s our coverage on the site so far for people playing catch up:
- How Trading Apps are responding to the Gamestop fustercluck – This piece from yesterday started our coverage of the response from trading apps concerning GameStop
- Gamestop, meme stocks, and the revenge of the retail trader – This piece dug into what the initial story was about, with some jokes
- Could meme stocks like gamestop kill bitcoin’s rise? – This piece looks at what the other side of the stonk coin could be
- Robinhood restricts trading in GameStop after retail brouhaha shakes markets – This piece looked into Robinhood’s moves from this morning, as the larger story went from huge to tectonic
- And, we gave a shout out to a good post by The Margins, which gave perspective on how the unescapable Gamestop stock crash will have tough, and not meme-y consequences.
Back later in the day with our usual weekly episode, which will not include any of the following phrases: stonks, retail traders, Robinhood, and r/Wallstreetbets. We promise. Talk soon!
Equity drops every Monday at 7:00 a.m. PST and Thursday afternoon as fast as we can get it out, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
This post first appeared here: https://techcrunch.com/2021/01/28/robinhood-gamestop-this-is-2021/