As the followers of WallStreetBets, a subReddit group, took the unprecedented action of retail investors squeezing the hedge fund shorts of GameStop stock, it set the entire world buzzing. In the process, RobinHood, an investing app and one of fintech's unicorns became inadvertently squeezed a bit as well. Due to some great investor relations, RobinHood gathered the capital to be able to keep doing business, but they were dinged a bit in the process. Some of this was their fault. Some of it wasn't.We are putting out this emergency episode with Sanjib Kalita and Rachel Morrissey discussing this from a fintech point of view and wondering whether this "crowd squeeze" means a new type of digital disruption?
Sanjib Kalita, Editor-in-Chief, Money20/20
Rachel Morrissey, Content Producer, Money20/20USA
Roland Bodenham, Senior Video Producer, Ascential