Alexandria Ocasio-Cortez will discuss today’s controversial developments surrounding GameStop’s stock on her Twitch channel at 8:30 PM ET. The Democratic Congresswoman from New York, known popularly by her initials AOC, has spoken out multiple times about the decision by various trading platforms to ban purchases of so-called “meme stocks” of companies like GameStop, BlackBerry, and AMC. Placing restrictions on the stocks ended a multi-day rally that centered on individual investors squaring off against large Wall Street hedge funds. Notably, Ocasio-Cortez is a member of the Financial Services Committee, and has stated her support of investigating today’s developments. AOC is also a proficient Twitch user, having played games like Among Us while simultaneously raising awareness of various causes and positions she believes is important.
Inquiries into freezes should not be limited solely to Robinhood.
This is a serious matter. Committee investigators should examine any retail services freezing stock purchases in the course of potential investigations - especially those allowing sales, but freezing purchases.
