Yana shares her take on what is happening with the GameStop saga during January 2021 and why she believes that Robinhood actually did the right thing, even though their communication was hard to understand. Yana speaks about what she thinks happened based on the news and reports she had read along with her educated guess, plus so much more on this Compliance That Makes Sense episode. 

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Today’s episode:

• [00:34] Hello, my friends!
• [01:39] GameStop is a video game store that struggled through 2020.
• [02:31] Shares have been shorted by hedge funds.
• [03:53] Buyers used the Robinhood app to drive the price up, called a short squeeze.
• [05:30] Listen as Yana speaks about what has been happening and the restrictions imposed.
• [08:02] At the end of the day, GameStop’s shares peaked around $400 a share then fell back to almost pre-hype levels.
• [09:57] Yana discusses where she wanted to go with this story and offers her perspective on whether this was market manipulation or insider trading.
• [12:45] Is Reddit to blame for anything?
• [15:00] Yana wants to argue that Robinhood did the right thing.
• [17:55] Yana believes there will be a broader demand for bitcoin payment options, different partnerships, and emerging non-banking solutions.
• [19:37] Thank you for listening!

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