Trump Jr. Claims Stock Mania Regarding Gamestop Is Amazing to Watch

- Advertisement -
- Advertisement -

(TheConservativeNews.org) – It’s rare that the Right, the Left, and everyone in between can agree on something. This week, pretty much everybody seemed to concur on the idea that the GameStop stock price movement story was a joy to watch unfold. 

Essentially, a large group of retail investors cooperated by investing in the gaming company. This drove up its share prices, costing institutional investors who bet against it (using a technique called “short-selling”) billions of dollars.

Donald Trump Jr. expressed his support for the actions of the retail investors. He said their scheme had managed to “move markets just like the big guys” and added it was “amazing to watch.”

Trump Jr. was joined in this sentiment by none other than Rep. Alexandria Ocasio-Cortez (D-NY). She pointed out the hypocrisy of Wall Street giants, complaining of market manipulation when so many of them had enriched themselves through similar strategies.

Short-selling is a complicated business and one that adds little or no value to the economy. This trading battle has exposed its flimsiness and could signal big changes in the way hedge funds and other professional investment entities conduct business in the future.

Copyright 2021, TheConservativeNews.org

- Advertisement -
- Advertisement -

Latest news

Hillary Clinton’s Involvement Confirmed…

(TheConservativeNews.org) - Hillary Clinton’s former campaign manager testified Friday that the then, Democratic presidential nominee personally approved spreading material that claimed the...
- Advertisement -

Sen. Josh Hawley Obliterates Biden’s Energy Secretary…

(TheConservativeNews.org) - On Thursday, Sen. Josh Hawley blasted Biden's Energy Secretary for blaming high gas prices on Putin. As gas prices...

Clinton Campaign Lawyer Lied To FBI…

(TheConservativeNews.org) - Special Counsel John Durham’s team in its opening argument Tuesday alleged that former Clinton campaign lawyer Michael Sussmann used the...

Disinformation Board Has Been Disband…

(TheConservativeNews.org) - The Department of Homeland Security’s Disinformation Governance Board, launched just three weeks ago. However, concerns were being raised, and now...
- Advertisement -

Related news

Hillary Clinton’s Involvement Confirmed…

(TheConservativeNews.org) - Hillary Clinton’s former campaign manager testified Friday that the then, Democratic presidential nominee personally approved spreading material that claimed the...

Sen. Josh Hawley Obliterates Biden’s Energy Secretary…

(TheConservativeNews.org) - On Thursday, Sen. Josh Hawley blasted Biden's Energy Secretary for blaming high gas prices on Putin. As gas prices...

Clinton Campaign Lawyer Lied To FBI…

(TheConservativeNews.org) - Special Counsel John Durham’s team in its opening argument Tuesday alleged that former Clinton campaign lawyer Michael Sussmann used the...

Disinformation Board Has Been Disband…

(TheConservativeNews.org) - The Department of Homeland Security’s Disinformation Governance Board, launched just three weeks ago. However, concerns were being raised, and now...
- Advertisement -