No, that's not a pig that just whizzed by your window. Donald Trump Jr. and Rep. Alexandria Ocasio-Cortez (D-N.Y.) are in full agreement when it comes to Robinhood's decision to stop allowing the trade of GameStop and other stocks.
Reddit users teamed up earlier this week to buy up GameStop stock, sinking hedge funds that profited from shorting the stock. Most of that trading happened on Robinhood. But on Thursday morning, the free trading app shut down GameStop purchases, as well as a number of other flailing companies such as Nokia and BlackBerry. The decision got immediate pushback from Ocasio-Cortez and other progressive congressmembers, with Ocasio-Cortez saying she'd support a House hearing on the matter.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
ICE agents take down Lady Justice | June 21 editorial cartoonsCartoons Saturday’s political cartoons include ICE, Donald Trump as a lion tamer, and ordering from the Bible
-
5 editorial cartoons about ICE raidsCartoons Political cartoonists take on ICE raids, harvesting Big Macs for Donald Trump, and what to do when Stephen Miller shows up at the front door
-
Grilled radicchio with caper and anchovy sauce recipeThe Week Recommends Smoky twist on classic Italian flavours is perfect to grill, drizzle and devour
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
