How GameStop and Robinhood Brought Liberals and Conservatives Together

How GameStop and Robinhood Brought Liberals and Conservatives Together

Robinhood appears to have accomplished the impossible. The market-trading app popular among small investors has brought liberals and conservatives together over its decision to prevent users from buying stocks that were making gobs of money for them."We now need to know more about @RobinhoodApp's decision to block retail investors from purchasing stock while hedge funds are freely able to trade stock as they see fit," Democratic Representative Alexandria Ocasio-Cortez tweeted on Thursday. "As a member of the Financial Services Cmte, I'd support a hearing if necessary."Republican Senator Ted Cruz responded by tweeting, "Fully agree."Also, Democratic Representative Rashida Tlaib tweeted, "This is beyond absurd. @FSCDems need to have a hearing on Robinhood's market manipulation. They're blocking the ability to trade to protect Wall Street hedge funds, stealing millions of dollars from their users to protect people who've used the stock market as a casino for decades."The issue uniting the two parties revolves primarily around GameStop, a chain of brick-and-mortar stores that sells used video games. A $1,000 investment in the stock a few weeks ago could have yielded a $33,000 profit if the shares were sold at their peak Thursday. But after Robinhood disallowed new buyers, the stock was cut by