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Congress hits Robinhood HARD! GameStop hearing in 10 minutes (supercut)
Watch the best clips from the congressional hearing on the GameStop short squeeze. Members of the House Financial Committee question Robinhood CEO Vlad Tenev, Citadel CEO Kenneth Griffin, Melvin Capital CEO Gabriel Plotkin, Reddit CEO Steve Huffman, Jennifer Schulp, Director of Financial Regulation Studies at the Cato Institute, and ‘Roaring Kitty’ himself, Keith Gill.
TheKfcBandit
February 19, 2021 at 12:54 am
18
Adam Macias
February 19, 2021 at 12:54 am
Fine, I’m going to say it. AOC is not that hot.
austin
February 19, 2021 at 12:59 am
stop lying
Edward Hoffenheim
February 19, 2021 at 1:20 am
@austin She’s like average, not that it matters
Cotten Helmsworth
February 19, 2021 at 12:55 am
It’s amazing watching someone who has no clue about what they’re talking about try to sound like they’re important and relevant.
Charlie Nelson
February 19, 2021 at 12:57 am
No kidding, she is worthless as a politician, she just likes to complain about everything.
hudson berry
February 19, 2021 at 12:55 am
AOC showing no mercy 💪🏻
Dallac Ais
February 19, 2021 at 12:55 am
Well isn’t that a shame
Patti Pilcher
February 19, 2021 at 12:57 am
Loud Mouth Skin Bag! Fake person AIC!!!
burn type-r
February 19, 2021 at 12:58 am
Lol aoc…
Patti Pilcher
February 19, 2021 at 12:59 am
CONGRESS SHOULD HAVE NO SAY! JUST BECAUSE THEIR FRIENDS GOT STUCK!
MunchFPV
February 19, 2021 at 1:00 am
AOC needs to be removed from holding any position of power. ty.
Deborah Dobbie
February 19, 2021 at 1:02 am
I agree but I love her attitude with this guy 🤣
Hector G.
February 19, 2021 at 1:03 am
Can you give a reason why? She is doing exactly what the people that voted for her want. I am sure whoever represents you would not be of our liking, should we remove them?
SeanJ2A
February 19, 2021 at 1:27 am
This doesn’t make sense, almost anyone can say the exact same thing about your Representative or Senator of choice.
Example, I’m sure if we somehow magically threw Ted Cruz in her seat people would say the same.
She belongs because they people in her district, state or etc says she belongs by voting for her, it is what it is.
SPEAK UP
February 19, 2021 at 1:00 am
AND YOU DON’T LIKE AOC….. why?
Deborah Dobbie
February 19, 2021 at 1:01 am
Of course his name is Vlad 😅🤣
willow unleash
February 19, 2021 at 1:10 am
Lol whats that supposed to mean. Its not like he’s a crook.
Patti Pilcher
February 19, 2021 at 1:02 am
Can’t let the public make money in the same way the elite big boys do!!!
JayTX
February 19, 2021 at 1:02 am
Robinhood and wallstreet got caught and have been exposed.
Patti Pilcher
February 19, 2021 at 1:04 am
Rules for thee but not for me!!!
Deborah Dobbie
February 19, 2021 at 1:05 am
The guy at 3 mins – certified badass.
Thomas Louie
February 19, 2021 at 1:05 am
rip robin hood
S S
February 19, 2021 at 1:06 am
Thank you for the question, allow me to doge and ignore everything you say until the chairman says the time is up. Thank you
Michael Schore
February 19, 2021 at 1:06 am
Why isn’t Congress going after the Hedge Funds? What possible good does it do to allow the HFs to make huge sums of money by betting that a company will FAIL? Please do explain how that benefits society?
Miguel A. Rivera S.
February 19, 2021 at 1:09 am
🔥
Joe c
February 19, 2021 at 1:10 am
They cost me lots of money in 2019 by not allowing me too sell my stock be for watched it go from 20 dollars or so to 2.55cents or so i need too look it up but i didnt know it against the law so i should sue robinhood i just stopped using the app
ArMx RISH
February 19, 2021 at 1:10 am
how tf can they keep saying random stuff and not answering the question. so annoying
SPEAK UP
February 19, 2021 at 1:11 am
THESE AREN’T YES OR NO ANSWERS CONGRESS 🙃
Doug Unfunny
February 19, 2021 at 1:14 am
Rep. Brad Sherman ain’t messing around.
Guilherme Bueno
February 19, 2021 at 1:18 am
Why the congressmen are so mad?
Edward Hoffenheim
February 19, 2021 at 1:23 am
McHenry asks him what everyone is wondering: why allow selling, but now buying?
He responds saying he’s grateful for the opportunity to address that. Like it was some scarce opportunity. He had the CNBC interview, twitter, YouTube and reddit as very willing platforms to make the case. And just NOW he’s oh so thankful he has a platform to address it 🙄
Re Pure
February 19, 2021 at 10:12 pm
When you short a stock please inform the public. This way I will be more prone to holding my shares vs. Thinking something is wrong with my holdings.
kdawgovich
February 19, 2021 at 10:34 pm
“you are doing a great job of wasting my time. If you’re going to filibuster, you should run for the Senate” 😂😂😂
Kerdack
February 19, 2021 at 10:35 pm
AOC gives no f*cks.
Joshua Garcia
February 19, 2021 at 10:46 pm
When I was a boy in Bulgaria
Blazes WithWolvez
February 19, 2021 at 10:48 pm
She’s hot! 😍😚
mooseT
February 19, 2021 at 11:01 pm
YES or NO? Vlad: I had the same haircut when I was a little boy in Bulgaria.
Joel Halbert
February 19, 2021 at 11:04 pm
She’s asking questions for points. Shallow.
DePrepper
February 19, 2021 at 11:10 pm
The whole thing is one of the communally-dumbest events in history, except for DFV. People don’t even understand that Robinhood actually HELPED people not allowing them to buy too much of a pump n dump. First, you have hedge funds shorting stock that doesn’t even exist. Then you have individual/retail investors loosing millions after the pump n dump was over. Newb investors want the freedom to try and get rich quick from the pump and then be reimbursed when they are bag holding
Guillermo Procel
February 19, 2021 at 11:25 pm
6:45 he’s not reading a script at all
Sinuous
February 19, 2021 at 11:32 pm
Annnnd, nothing really happens, as usual.
Gustav Licht
February 19, 2021 at 11:32 pm
Vlad sounds like a broken record. He cannot even answer a simple yes or no question.
Pee Bee
February 19, 2021 at 11:40 pm
The rich just keeps getting richer, While the poor suffer..
Morten Stenberg
February 19, 2021 at 11:55 pm
The congress just seem So clueless.
Dream Logic
February 20, 2021 at 12:00 am
I really love AOC but I think she’s out of her depth on the details here. I also don’t appreciate when a questioner talks over the subject when they don’t get the answer they want.
JJ Carter
February 20, 2021 at 12:02 am
I love how irritated politicians get when people answer questions the same way they do.
Macro Trader
February 20, 2021 at 12:06 am
The Rep. questioning Ken Griffin clearly doesn’t understand how the markets work
Germ0o
February 20, 2021 at 12:11 am
VLAD ZUCKERBERG 😆🤣😂😹. What a crook
Macro Trader
February 20, 2021 at 12:12 am
funny how everyone is all of sudden skeptical of Robinhood and their “free” model for retail investors….but the same people have been likely using Facebook for “free” for years and likely have no clue how they make money…..If Robinhood isn’t really free as stated by Rep AOC then Facebook isn’t either….yet how many people deleted their Facebook accounts….it’s difficult to regulate something that you don’t really understand….looks like a lot of political posturing to seem tough on Wallstreet….It’s common sense that if two orders come in with same size they will not come in at the same time. One will get better execution regardless even if that’s due to microsecond difference. Order 1 of 100 hit the bid when supply was 50 and price was 50, Order 2 hit the bid when supply was 200 and 49.90. Who got the better price? In simple terms both orders won’t be executed at the same time. The order executed first will affect the execution of the second even if we’re talking in terms of microseconds. The price that the second order gets will reflect the change in supply/demand as a result of the first orders execution.
Reps have likely never seen an orderbook…..in the example above demand of 50 at $50 means there exists figuratively 50 people looking to buy at $50 if Order 1 hits the bid, or sells 100 into this demand it can only fill 50 of the order at $50 and must fill the second half at $49.90.
There’s supply of 200 at $49.90. When Order 1 gets completed there will only be 150 left. When Order 2 gets executed to sell 100 it has to be done at $49.90 because that’s where demand is. So that person/institution will get a price of $49.90 for the entire order because Order 2’s supply didn’t exceed demand at that price. Order 1 got a price of $50 for 50 shares and $49.90 for 50. If another Order comes in to sell, the cycle continues and that’s how the market moves in general.
So who will get the better price, if the size is equal, it depends on execution; which order will get executed first and what’s the supply/demand ratio. This is what Ken Griffin was trying to explain. He said that it was economics(i.e. supply and demand which is economics 101) but he underestimated the general public’s understanding of the topic.
Jacky-Boy514
February 20, 2021 at 12:13 am
Is it me or does Robin Hood ceo look like he’s wearing a wig?
William Leslie
February 20, 2021 at 12:37 am
I hope the make an example of them.
ObieJPM
February 20, 2021 at 12:39 am
Glad I’ve left cant wait to short their IPO
Michael Kern
February 20, 2021 at 12:48 am
Hurry up and release their IPO so we can buy some Puts!!
johnlich1
February 20, 2021 at 1:11 am
I absolutely despise AOC
NiteEy3
February 20, 2021 at 1:21 am
If ur smart u know that stocks is the past. The future is CRYPTO especially when You are a amateur and u can bring in 20k in a month 🤑
天佑
February 20, 2021 at 1:32 am
That ending fire
Jason Wiercinski
February 20, 2021 at 11:13 pm
Most of the representatives dropped the ball here. Naked shorting should have been the #1 focus of this hearing.The squeeze in Gamestop wouldn’t have been so drastic if the stock wasn’t shorted more than its float.
Alex Edson
February 20, 2021 at 11:30 pm
The real crime here is that haircut
Another One Bites the Dust
February 20, 2021 at 11:35 pm
Like AOC should be questioning anybody… I wanna know why she lied about where she was on January 6!
david pena
February 20, 2021 at 11:42 pm
I am not buying a stock on robinhood ever again
Theresa Bettle
February 20, 2021 at 11:47 pm
Got caught with their pants down. 🤣
Dj Dann.
February 20, 2021 at 11:48 pm
So could we just shut down the Robinhood?
Bledar P
February 20, 2021 at 11:52 pm
vlad needs to be in jail….
Jsilguero 3
February 20, 2021 at 11:59 pm
Your allowed to explain the question but you don’t allow someone to explain their answer.
David Sheppard
February 21, 2021 at 12:00 am
I wonder if Gill, Tenev, Griffin, & Plotkin are willing to undergo facial transplants because there are a lot of angry people who have some connections with some very bad people.
Lobo Solitario
February 21, 2021 at 12:18 am
She would look good on castingcouch
J Merli
February 21, 2021 at 12:18 am
If there was naked shorts. The SEC should be arresting people and taking them to court. The lack of regulation and compliance creates distrust in our markets. If the SEC (U.S. government) was doing their job this should not have even happened.
TWO WORDS.
February 21, 2021 at 12:23 am
Close your robinhood account and get on a real system
Money Makers
February 21, 2021 at 12:24 am
can’t believe people still use crocking Hood,
Terry Hayward
February 21, 2021 at 12:26 am
Boy she loves that power
Mike C
February 21, 2021 at 12:31 am
Can’t answer yes or no question lol
Rocky Daniel
February 21, 2021 at 12:41 am
Good grief-the B team going after these clowns
TJ Griffin
February 21, 2021 at 12:42 am
I don’t know why Congress even bothers with talking to these kinds of hearings. All people do is skate around answers
TLR Eclipse
February 21, 2021 at 1:09 am
Only person who answered the questions quickly and honestly is not a Cat.
Jerry Ware
February 21, 2021 at 1:15 am
Outlaw order flow payments.
Gold Guilder
February 21, 2021 at 1:16 am
The Congress isn’t letting RobinHood answer to its complete answer.
oesqued
February 21, 2021 at 1:16 am
Robinhood is fundamentally no different than other online brokers. I choose based on the reliability of the institution that offers the service rather than popularity.
Michael Robinson
February 21, 2021 at 1:22 am
Frauds. Blatant frauds.
Utopia Light
February 21, 2021 at 1:28 am
Stock market is a gamble. People should go in and not expect any consequences
BlazinNSoul
February 21, 2021 at 1:29 am
All I want to know is where is the cat? 🐈
Pierce
February 21, 2021 at 1:29 am
These congressional hearings are pointless. Not picking up for anyone here, but the limited time doesn’t allow anyone to give a straightforward yes or no because some of the questions can pigeonhole someone into an answer that requires more depth and context before the answer can be judged. Take for instance at 2:34, the guy at Citadel is explaining WHY one sale would get preference over the other. I think it’s important to note before he says which party gets preference as it could make it seem like Citadel is being shady.
Again, not advocating for anyone, but a hearing is where people should be heard, not shut down because someone needs to reclaim their time.
David Kattan
February 21, 2021 at 6:51 pm
Now this women is for the people! God bless her and give a long and promising career.
Santiago Lopez
February 21, 2021 at 6:55 pm
Stupid old maxine.
Santiago Lopez
February 21, 2021 at 6:57 pm
They caught and they exposed. Robinhood and walls street
GeneralGhandi
February 21, 2021 at 7:02 pm
We’re sorry.. SOrry
tickettothemoon
February 21, 2021 at 7:21 pm
The basic problem here is that these politicians don’t understand who the ACTUAL customer is and who the ACTUAL product is.
Black Bass
February 21, 2021 at 7:23 pm
Steal from the poor and give to the rich! That’s not the story of Robinhood
frannelk
February 21, 2021 at 7:38 pm
Answer yes or no… Interesting.. Welcome to the inquisition 2.0
Carlos Rosales
February 21, 2021 at 7:54 pm
Chewbacca defense at its finest
CrzyLion
February 21, 2021 at 8:12 pm
how are you supposed to ever believe this is not a hoax when they have time alloted to them to ask questions like its kids in a class questioning a guest speaker…
VinzKyc Music
February 21, 2021 at 8:29 pm
Caught cheating to my Wife
Me:I appreciate the opportunity to address that.
ok va
February 21, 2021 at 8:40 pm
the smirk while he says hes committed to being better really sums it up
Fresh Pineapple77
February 21, 2021 at 9:04 pm
Shut down robinhood and lock everybody up that works for them or help them financially!
Philip Caddick
February 21, 2021 at 9:34 pm
Look at those sleepy puppy dog eyes, she’s really milking this.
Matty B Adventures
February 21, 2021 at 10:21 pm
Genius AOC at it yet again
Julianne Annie
February 22, 2021 at 1:28 am
Great video ✅From a technical point of view, the RSI looks promising in favor of the bulls, as the daily RSI is at the bullish territory above 50 (after reversing earlier today). At the same time, the Stochastic RSI oscillator is about to make a bullish crossover at the oversold area. In case this happens, it might assist the market in reaching higher highs. Lots of investors will do so well in the next bull market but you shouldn’t be of the mindset to only Hodl, which i see as an odd and old method to make profit because it can be very dangerous when the markets retracts. As hard as it is ƚradıภg Cryptos, it sure is way more lucrative and its’ quite logical if you just learn & pay attention to what’s going on, I’m not a pro ƚгadēг but I was lucky enough to make 120k usd Bitcoin worth since late year following the instructions and sιǫnals from results, Mr. Carlos. He has a trading community where you can meet other investors as yourself and to learn how ƚradıภg crypto works, helping them utilize the volatility of the crypto market to make profits daily. You can easily get to him 𝚠нαтαѕαρρ+19715122836 and Instagram @carlos_andrewfx…
Faiyaz
February 21, 2021 at 10:24 pm
Are you a doctor Yes or No.
I’m Jill Biden
Yes or no
Bit Poppa
February 21, 2021 at 10:27 pm
Get ’em
romans1vs6teen
February 21, 2021 at 10:33 pm
A politician demanding a yes or no answer….. the irony!
Lonnie Satterfield
February 21, 2021 at 10:41 pm
This congressman must be a Democrat since he is making so much of this “reclaiming my time” garbage. Just let him admit that he’s probably not near as sharp as this guy.
Albus_ G
February 21, 2021 at 10:49 pm
If you ganna filibuster you should run for senate. LMAO
Shackattack85
February 21, 2021 at 10:50 pm
The feds don’t like competition when it comes to pump and dumping and stock manipulation!
morgan ghetti
February 21, 2021 at 11:44 pm
Lots of talking. Nothing will happen to these people.
Moe Reese
February 22, 2021 at 12:18 am
Vlad needs to go to jail.
David Cobos
February 22, 2021 at 12:33 am
His parents worked for the world bank
Lee K
February 22, 2021 at 1:21 am
Terrifying that this is the best congressional committee that we can come up with to enforce laws or to investigate problems in our financial market laws. The rep from Guam, and Anthony Gonzales get it, maybe a couple of others.
Julianne Annie
February 22, 2021 at 1:26 am
Great video ✅From a technical point of view, the RSI looks promising in favor of the bulls, as the daily RSI is at the bullish territory above 50 (after reversing earlier today). At the same time, the Stochastic RSI oscillator is about to make a bullish crossover at the oversold area. In case this happens, it might assist the market in reaching higher highs. Lots of investors will do so well in the next bull market but you shouldn’t be of the mindset to only Hodl, which i see as an odd and old method to make profit because it can be very dangerous when the markets retracts. As hard as it is ƚradıภg Cryptos, it sure is way more lucrative and its’ quite logical if you just learn & pay attention to what’s going on, I’m not a pro ƚгadēг but I was lucky enough to make 120k usd Bitcoin worth since late year following the instructions and sιǫnals from results, Mr. Carlos. He has a trading community where you can meet other investors as yourself and to learn how ƚradıภg crypto works, helping them utilize the volatility of the crypto market to make profits daily. You can easily get to him 𝚠нαтαѕαρρ+19715122836 and Instagram @carlos_andrewfx.