Summary List PlacementFollowing days of Reddit-fueled trading of volatile stocks and the subsequent trading freezes imposed by the fee-free stock trading app, Robinhood, Rep. Alexandria Ocasio-Cortez tweeted that she will discuss the recent developments on the livestream video service, Twitch, Thursday night at 8:30 p.m. EST. Ocasio-Cortez initially said she would be joined by Chamath Palihapitiya, CEO of venture capital firm Social Capital, and Twitter user TheStockGuy to offer insight and updates on the evolving situation. As of nearly 10:00 p.m. ET, she had been joined by Reddit co-founder Alexis Ohanian, Alexis Goldstein, and TheStockGuy. Earlier Thursday, Ocasio-Cortez tweeted her criticism of Robinhood's move to block some stock purchases. She called the decision unacceptable and said more information was needed. As a member of the Financial Services Committee in Congress, she said she would support a hearing on the matter if necessary. "Inquiries into freezes should not be limited solely to Robinhood," Ocasio-Cortez tweeted. "This is a serious matter. Committee investigators should examine any retail services freezing stock purchases in the course of potential investigations - especially those allowing sales, but freezing purchases." Sen. Ted Cruz then retweeted his support of her statement, writing "fully agree." Ocasio-Cortez fired back that she would be happy to work with Republicans on the matter where there is common ground, but accused Cruz of trying to have her murdered three weeks ago during the Capitol insurrection. "Happy to work w/ almost any other GOP that aren't trying to get me killed," she tweeted. Ocasio-Cortez has previously used Twitch as a way to encourage voter turnout, livestreaming herself playing the popular video game Among Us.Join the conversation about this story » NOW WATCH: Epidemiologists debunk 13 coronavirus myths
More like this (3)
Rep. Maxine Waters says she wants Redditor Keith Gill, Robinhood, and GameStop at a congressional hearing
Summary List PlacementAfter scheduling a hearing into the GameStop trading fiasco, House Financial Services Committee Chairwoman...Summary List PlacementAfter scheduling a hearing into the GameStop trading fiasco, House Financial Services Committee Chairwoman Maxine Waters told Cheddar that she wanted Reddit trader Keith Gill, the Robinhood CEO, and a representative from GameStop to testify. "I have [Keith Gill] on my list to be present…I want him here... And I want absolutely to have Robinhood. I even want to have GameStop here,"...
Robinhood makes hundreds of millions from selling customer orders. That business model is about to come into focus.
Summary List PlacementA major portion of Robinhood's business model that relies on handling a high volume...Summary List PlacementA major portion of Robinhood's business model that relies on handling a high volume of trading is once again getting attention, and it comes at a critical junction for the fintech, which had reportedly been hoping to go public as soon as this quarter. Robinhood made its name by offering users free stock and options trading. Instead of generating revenue from trading...
Alexandria Ocasio-Cortez describes taking shelter during the Capitol siege: 'I thought I was going to die'
Summary List PlacementRep. Alexandria Ocasio-Cortez opened up about her experience seeking safety in the Capitol buildings...Summary List PlacementRep. Alexandria Ocasio-Cortez opened up about her experience seeking safety in the Capitol buildings during the January 6 insurrection in an emotionally-charged Instagram livestream on Monday night. Ocasio-Cortez described being inside her congressional office with a single staffer, her legislative director Gerardo Bonilla Chavez, in the early afternoon when they heard "huge, violent bangs" on the door of her office. Bonilla Chavez...