en.wikipedia.org
Reactions
Senator
Elizabeth Warren (D-MA) called out the large investors and hedge funds who were criticizing the rally, saying they "have treated the stock market like their own personal casino while everyone else pays the price".
[68] Warren also called on the
U.S. Securities and Exchange Commission to take a bigger stand, saying they must "act to ensure that markets reflect real value, rather than the highly leveraged bets of wealthy traders or those who seek to inflict financial damage on those traders"
[69] and "to have a healthy stock market, you've got to have a cop on the beat."
[70] Similar sentiments were expressed by Representative
Alexandria Ocasio-Cortez (D-NY),
[71] Senator
Ted Cruz (R-TX),
[72] Representative
Rashida Tlaib (D-MI),
[73] Representative
Ted Lieu (D-CA),
[74] Representative
Marjorie Taylor Greene (R-GA),
[75] CNN anchor
Jake Tapper,
[76] Fox Business host
Charles Payne,
[77] conservative political commentators
Rush Limbaugh,
[78] Ben Shapiro,
[79] and
Donald Trump Jr.,
[80] and billionaire investors
Mark Cuban[81] and
Chamath Palihapitiya.
[82] Some lawmakers, such as Ocasio-Cortez, Cruz and Representative
Ro Khanna (D-CA) also expressed frustration at Robinhood and others' decisions to close individual trading of GameStop, among other stocks.
[83] In an interview with
CNBC, Reddit co-founder
Alexis Ohanian compared the rally to
Occupy Wall Street, saying that "it's a chance for Joe and Jane America—the retail buyers of stock—to flex back and push back on these hedge funds."
[84]
This is unacceptable. We now need to know more about @RobinhoodApp's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit. As a member of the
Financial Services Cmte, I’d support a hearing if necessary.
Jan 28, 2021
[85]
Numerous journalists have also drawn comparison to the
movement.
[86][87][88] Elon Musk also criticized the general practice of stock shorting, calling it a "scam".
[89]
Disgruntled users
review-bombed the Robinhood app on the
Google Play Store after it halted the trading of GameStop securities, pushing its ratings down to one star.
[90] However, Google deleted at least 100,000 such reviews, calling them "coordinated or inorganic".
[91] Protesters also showed up outside Robinhood headquarters in
Menlo Park, California, at the
Securities and Exchange Commission headquarters in
Washington, D.C., and the
New York Stock Exchange.
[92]