Just as many crypto fans, Gemini founder Tyler Winklevoss was outraged at what happened today when the mass trading app Robinhood decided to stop trading in Gamestop and 7 other stocks that the Reddit group WallstreetBets had been pumping.
When Tyler asked his followers who had called the Robinhood management to stop the trades and let the hedge funds win, one of the answers was quite disturbing, if true of course.
According to an anonymous post made by a Robinhood employee, none other than the US White House administration of President Joe Biden called to stop trading the stocks that were hurting Wall Street hedge funds.
The post reads : I work for Robinhood. Don’t kill me. Low-level, technical shit, comp sciences major, not finance side. Guess what we overheard today ?
Vladimir, yes founder Vladimir, and the C-Suite, received calls from Sequioa Capital and the White House that pressured into closing trading on GME etc. I guarantee you the same took place at E-Trade and the others who closed trading.
File reports on the SEC page. If I wasn’t scared to be out of work in a pandemic I’d quit. I’m disgusted.