GameStop drops 44% after Robinhood and others restrict trading: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Kate Rooney breaks down the trading restrictions that retail brokerages like Robinhood imposed in the wake of unprecedented volatile action in stocks like GameStop and AMC. Plus, Washington Correspondent Eamon Javers explains the parallels that Republican political strategists see between the populists who gained traction in their party and the populist cause of these amateur Reddit traders.

00:00 -- Intro
0:35 -- Stocks bounce back from yesterday's sell off
1:47 -- Robinhood responds to GME volatility by imposing trading restrictions
4:20 -- CNBC Soundcheck

6:03 -- Washington's warning for Wall Street
9:42 -- Numbers Round

100+ comentarios:

Sage Channel
Sage Channel:
That restricting of trading really should result in some jailing.
Clown World
Clown World:
Today Citadel manipulated the market in favor of the shorts through a coordinated short ladder attack to trigger stop losses.
ShiftyMenno
ShiftyMenno:
It's class warfare. The Battle of Gamestop is just beginning.
Nostalgic
Nostalgic:
RobinHood is dead. Their overlords forced the suicide.
Financial Shinanigan
Financial Shinanigan:
Robinhood? More like the Sheriff of Nottingham
MENTALLECT
MENTALLECT:
Just deleted my Robinhood account since Robinhood stole from the poor to give to the rich hedge funds.
Stonks
Stonks:
Today, Citadel decided jail is better than losing billions. And they still lost billions.
Kasch
Kasch:
The drop has recovered nicely keep holding! They’re running out of tricks!
Biobait
Biobait:
When Elizabeth Warren, Rush Limbaugh, AOC, Ted Cruz, Elon Musk, Ben Shapiro, and Donald Trump Jr are all against you, you're on the wrong side of history.
Emma Madison
Emma Madison:
This is capitalism. This like winning a jackpot in a casino and instead of paying up,they claim the system malfunctioned🤦
zrRyan2
zrRyan2:
ROBINHOOD IS DEAD TO ME. Opened a new account, elsewhere, BYE BYE RH. Never again will I be played by a Citadel pawn
Chaz Walker
Chaz Walker:
CNBC should be ashamed of themselves.
Nicolas Sicard - Personne n'en parle
Nicolas Sicard - Personne n'en parle:
Dont change the rules while people are playing
Satinder Shergill
Satinder Shergill:
End of RobinHood, We need something new now !
Hotsaucedeluxe
Hotsaucedeluxe:
CNBC is not even acknowledging that by restricting buying, they tanked the price of those stocks.
Project Retold
Project Retold:
340 IN THE POSTMARKET NOW! DON'T SELL. MAKE THE ELITES HURT!
Jack H
Jack H:
Imagine if during the Olympics, one soccer team gets to bench the other team, and the game resumes. Thats Robinhood's BS in a nutshell.
Jordi Bruggeman
Jordi Bruggeman:
I'm so proud of every king that held on, we built a wall at 115!
Owen Boreland
Owen Boreland:
WTF is brokerages protecting the toxic behavior of Wallstreet short sellers? This is illegal!!!
Trigonxv
Trigonxv:
WE LIKE THE STOCK, HOLD THE LINE
쭌
쭌:
Thery're running out of shares to borrow....TO THE MOON BOYS 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Francisco Mend
Francisco Mend:
It's criminal by ""Robbing Wood"" to block it's costumers from buying the stock.... They are trying to lower the stock price to save the big hedge funds and burn the little guys
Brian Klink
Brian Klink:
“5.) Mainstream media is condescending to us.” Why would people ever feel that way?
anele a
anele a:
the reporting on this disgusting as they downplay the poor, if not illegal, behavior of robinhood and its ilk. All while failing to mention the greed and irresponsiblity of these hedge funds.
Mude Shanshima
Mude Shanshima:
It’s not even about trying to make money anymore for WSB it’s about sending a message - and that I support wholeheartedly
let gabe equal true;
let gabe equal true;:
I don't care if Gamestop only gave me $8 store credit for all my trade ins. Going to buy the stock until it reaches the moon.
SemkOld
SemkOld:
I guess at this point, the “right” and “republican” means “poor” and “peasant” on CNBC.

Don’t politicize, just know that they like the stock.
Stonks
Stonks:
Did they just compare us to MAGA?
Brutus Smithers
Brutus Smithers:
Deep state “elites” are trying to shut it down. You’re pulling back the curtain...👍
Bud Fox
Bud Fox:
I boycotted Robinhood, canceled my accounts, the way to send a message. Don’t tell me what to trade, they are Bias and have an agenda, Citadel !
Stonks
Stonks:
20 minutes old, already out of date. $GME up to $340 after hours LETS GO
Daniel Edmonds
Daniel Edmonds:
CNBC is trying so hard to make this trump thing . They cant accept that we just like the stock.
Sizzle
Sizzle:
So how much more of a demand is there going to be tomorrow when it opens back up.

They keep digging the hole deeper.
Travis Cleff
Travis Cleff:
Despite the financial crisis, this is still a good time to invest in Crypto as the market is favorable
Bítcoín aI día
Bítcoín aI día:
Great content. Everyone needs more than there basic salary to be financially secured. The best thing to do with your money is to invest. Money left in savings always end up used with no returns. I started investing in bitcoin mid November 2019 with the help of a well-known professional, Mrs Amelia and the profits almost entirely funded my recent duplex.
Grow Green Capital
Grow Green Capital:
Where the SEC when we need? Get those criminals arrested! That's the real manipulation!!!
Anatol G
Anatol G:
Hold your positions!! 🚀🚀🚀
Kaiju sushi
Kaiju sushi:
Robinhood "robbed" its own customers by blocking their access to the financial markets in order to protect wall street fat cats.
Dork Lord
Dork Lord:
Remember people this is class Warfare the one percent that are the only ones allowed to win the rest of us get crushed
J C.
J C.:
Billionaires: They tuk ar jobs!
Brendon Bosy
Brendon Bosy:
this woman needs wall street to pay for some more facelifts, her hatred of ordinary people is starting to bleed through
Liberato Garced
Liberato Garced:
The veil has fallen
The giants are not so big, we are just kneeling.
Riplol Justforfu
Riplol Justforfu:
Appearantly eating the rich is right wing populism now.
PoofyKittyPants
PoofyKittyPants:
How can a company, the purpose of which is to facilitate trading, "crack down" on trading? There is no way to spin this that doesn't sound like corruption.
Napster653
Napster653:
Nah still holding
Robert grey
Robert grey:
Holding the line! 1k in AMC, NOK, SNDL, NAKD
forestrf
forestrf:
0:58 "amateurs" With the purpose of make others lose money? Do you mean "amateurs" with the purpose of making money? Thank you for stating your position from the start instead of being impartial
primaryrage
primaryrage:
All of your life actions have lead you to this moment. Don't stop!
Deep Toot
Deep Toot:
Larry, sergey, please ban Robinhood from the appstore.
Scorpiano
Scorpiano:
THE BIG SHORT SQUEEEEEEZE!! HODL!!!💎🤝

PUMP $BB
Chaz Miller
Chaz Miller:
When these guys in their wealthy friends were all winning none of them had a problem with the rules...
Sayed Abdulgaleel
Sayed Abdulgaleel:
What Robinhood did is considered manipulation of the market
Benjamin Nadeau
Benjamin Nadeau:
The laungauge used here tells you who's side they are on.
Dexter G.
Dexter G.:
What are you talking about CNBC, it's trading near all time highs after hours.
libertarian4323
libertarian4323:
I had 100 shares of this dog (GME) that I sold years ago.
I'm buying it back tomorrow, just as a F#ck you to the Wall Street Hedge fund shorts and Robinhood.
E lyfe Heart
E lyfe Heart:
Amateur trading ? What makes a pro trader ? If we had others folks money, we'd of made them billions lol
Flex
Flex:
Now this is something both the left and right can come together on... Truly is the people vs the capitalist Elite!!
The Money Management
The Money Management:
I put my stimulus check in GameStop and came back with $8,400! 🔥👊🏾 YOU WON'T STOP ME!
Augnos
Augnos:
lmfao you guys are clowns, GME already up $320 in after hours! 😂
Rivka Cano
Rivka Cano:
Bought today. Holding till Monday. When tens of thousands of naked calls expire "in the money" tomorrow, the hedge funds who sold them will have no choice but to buy millions of GME shares, driving the price to infinity.
Yusuke Urameshi
Yusuke Urameshi:
Define "volatility". The price should be set by the market and that's it.
Kenneth Browning
Kenneth Browning:
Lowe’s paying ten bucks an hour. Who can live off that
Kevin's Journal
Kevin's Journal:
Sad what happened, as a finance channel I've mentioned knew they'd pull something like this, always does and today proved it as expected
sam ctz
sam ctz:
Time to buy amc now that it when down good ....it will definitely be back up soon
soni sachin
soni sachin:
My favorite show I literally wait all day just for the show to come out. Best format
Ed Chez
Ed Chez:
A bunch of kids just beat you at your own game and humbled you with their "stupid money," you arrogant fools.
GUITAR LIGHTHOUSE
GUITAR LIGHTHOUSE:
The squeeze stocks crashing took 1/2 of my tda account out,thanks robinhood! -20k today! Im retired and this sucks!
Glen Barratt
Glen Barratt:
CNBC needs to delete this video and replace it with the fuller story that shows the meme stocks are holding after bouncing back UP.

I pulled all my money out of Robinhood and moved to Fidelity myself. Good bye Robinhood.
Bow Wow!
Bow Wow!:
MacKenzie, your summaries always help me put things into perspective after I watch CNBC reporting throughout the day!
chronic bullets
chronic bullets:
This reminds me of when they caught the brain bug in star ship troopers.
z8ogarcia
z8ogarcia:
Professional traders where able to trade freely??? that fked up !!!!!
Anuradha Singhania
Anuradha Singhania:
Keep up the good work retail investors! Fight Wall Street! Destroy them...CNBC is the devil
The Oracle
The Oracle:
Collusion between all these sleazy hedge funds to short stocks
Baby Ohana
Baby Ohana:
How about banning derivative trading among retail traders and keeping it for “professionals” and those with 200k+ in their accounts
Zeta
Zeta:
the meme wars of 2021 continues . . .
M A T
M A T:
The way to fix this is to take my business elsewhere. I have liquidated all my stocks in RobinHood. RobinHood historically was a character that steal from the rich to help the poor. This RobinHood is helping the rich hedge fund against Main Street. I’m so done with this hypocritical platform.
Sanni Trinh
Sanni Trinh:
Isnt shutting down the site and prohibiting buys in a free market called “Manipulation” ?
adam wolters
adam wolters:
Really? It's that what the brokerage firms are trying to do? It seems that brokers have more of a dog in this race
Not Flak
Not Flak:
I like how he says what Washington should learn....and doesn’t say do right by the people. Citizens aren’t happy with the way the government is being run. Why don’t they start there
Wilson
Wilson:
Wonder if robinhood will be able to bounce back from this
Silent Reviews
Silent Reviews:
SHE LOOKS HAPPY FOR YOUR BOSSES .. ALL THE GAME PUMPS HAVE HAPPENED AFTER RETAIL TRADING CLOSES EVEN TONIGHT WHEN WE COULD BUY IT AT ALL
A K
A K:
HOLD AMC BOYS!!!🚀🚀🚀
ThatTannerGuy
ThatTannerGuy:
You can still buy these stocks on other major platforms like fidelity.
I AM ALPHARIUS
I AM ALPHARIUS:
HOLD THE LINE GENTS!!!!!! Oh yum yum yum. The sweet tears of billionaires are so good.
Michael A
Michael A:
Love the fact that she seems happy that the stock dropped a bit. Will make the bounce back all that more satisfying
lookoutforchris
lookoutforchris:
"Who cares about the fundamentals? The great thing about the market is that it has nothing to do with the actual stocks."

- Jim Cramer, hedge fund manager 2006
Andy Chaumont
Andy Chaumont:
We " amateur investors" will not back down. We die for universal justice. Its the person who is willing to die that wins the fight.
Thairacha
Thairacha:
😂
SKRUB
SKRUB:
BLAST IT ALL TO THE MOON BOYS. DONT SELL, MAKE EM HURT
Taren Gibson
Taren Gibson:
TGEEZYTDG #1 FULLSUPPORT .....
Nulapon love
Nulapon love:
The restriction dramatically affect the price to drop...

SEC: huh, what? Oh I did not see that.
Whileasking50%cut.
Indy B
Indy B:
💎🤝
Ashmit Kolli
Ashmit Kolli:
THE INTERNET DOESN'T FORGET THE BACKSTABBING ROBINHOOD DID.
Nisharth Rajput
Nisharth Rajput:
Hahahahahaha they’re back again 😂😂😂
CyberPonz 2077
CyberPonz 2077:
I'm not even watching, i'm just here to say: HOLD IT!!!🚀🚀🚀
Neta 562
Neta 562:
PART 2 OF THE GREAT RESET
Jewmanji1900
Jewmanji1900:
YOU HEAR THAT BOYS? THE STOCK IS LOW! THE TIME TO BUY IS NOW!
Frederick Aselmeier
Frederick Aselmeier:
Wow your framing is one of a kind!
Dee See
Dee See:
1. LAWSUIT
2. JAIL
3. TO THE MOON
Patrick
Patrick:
Hahaha. This is the best real life movie ever. The 1% are sweating 24/7. Changing the rules when the rules don't suit. Now everyone can see the rotten core of their tawdry scams.