Bread Chasers's video: THE TRUTH: Why Robinhood BLOCKED GameStop and AMC during short squeeze

GME stock and AMC stock price is down- is it because of Robinhood restrictions on buying shares? In this video, we cover the truth on the Gamestop short squeeze and explain what is happening currently. ► How To Save Money [10 Ways]: https://youtu.be/5jKd34huqHw​ ► How To Make Money During Quarantine: https://youtu.be/JRMvbTwQ5vk​ ► How To Start Investing (Robinhood): https://youtu.be/dXPJ5Wxhd3o​ ► Download Robinhood (Get 1 FREE Stock): https://join.robinhood.com/joshuat1793 The drop in the price of GameStop, AMC, and other stocks is perhaps a result of Robinhood's new restrictions on buying within the app. The move has been getting a lot of blowback from social media all-day. Why is Robinhood interfering with free trade? Citadel and Apex are some of Robinhoods top clearing firms. They may be stopping Robinhood from allowing new buy-ins because the clearing costs are too high- therefore, it may or may not be Robinhood's fault. However, Citadel released a statement saying it is not responsible for the broker's decision to stop trading. We got an excellent interview earlier from Webull's CEO Anthony Denier that can give us some transparency on what may be going on with Robinhood. Here are some quick notes of what he said, "We got a call from the clearinghouse saying that the cost of clearance is too high. There is a 2-day period for clearing. Brokers like Webull, Robinhood are stepping back because the clearing cost is too high, and the market is too volatile to handle it. It has to do with the settlement mechanics of the market. There is a market risk that has to be accounted. It has nothing to do with wall street firms getting together and screwing everyone over." Elizabeth Warren: "it has turned into a Casino. The gamification of the market. There is a lot of people that are going to lose money. We need the SEC to deal with market manipulation- it hasn't just been happening the past couple of weeks what we need a healthy market. This has been happening for years- we need the SEC to step up and do their job. There are wealthy people on both sides- we don't know whos manipulating the market when we don't have an open market. The market situation is hazardous at a time like this- in the middle of a global pandemic. When people are looking for ways to make some money- people are desperate to find ways to make money. I wanted to make this video because I feel like this is essential. As traders, we expect to be on a fair playing field with everyone, but restrictions like this cause us to lose trust. I speculate regulators will be stepping in on hedge funds and traders- but we'll see what happens. Is taking advantage of a short squeeze market manipulation? Or is restricting the middleman's ability to allow users to buy manipulation? Let me know what you think in the comments. Thank you so much for watching; enjoy the rest of your day! ----------------------------- Welcome to Bread Chasers! My name is Josh and I have a passion for helping people become financially free through online business, personal finance, investing, and entrepreneurship! I post new videos every week so don't forget to click 'Subscribe' and drop a 'Like' if you find any value in this video Side Note: These videos are for your personal entertainment. I am not a certified financial advisor IG: @josh.tope