From Elon Musk To AOC, Everybody Has A Tweet About GameStop : NPR

GameStop’s stocks rose as amateur investors thwart hedge funds’ efforts to sell short. Jakub Porzycki / NurPhoto via Getty Images Hide caption

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Jakub Porzycki / NurPhoto via Getty Images

GameStop’s stocks rose as amateur investors thwart hedge funds’ efforts to sell short.

Jakub Porzycki / NurPhoto via Getty Images

Editor’s note: This story contains tweets in a language that some readers may find offensive.

It’s stock history that grips the country: an army of amateur investors in a Reddit chat room battles professional Wall Street investors, sending the shares of retailer GameStop up significantly.

And it leads a large number of celebrities and politicians to weigh up on Twitter.

Arguably one of the most talked about is Elon Musk, Tesla’s chief executive officer, who attacked the Redditors when GameStop shares rose. These stock gains resulted in significant losses for hedge funds, which sold the stock short.

You can’t sell houses that you don’t own
You can’t sell cars that you don’t own
but
You can sell stocks you don’t own !?
this is bs – short circuit is a scam
legal only for unauthorized reasons

– Elon Musk (@elonmusk) January 28, 2021

Late night host Stephen Colbert also seemed to be keeping an eye on the hedge funds.

Hedge funds are complaining about the billions being lost at GameStop, which means it is a good time to invest in any company that makes the world’s smallest violins.

– Stephen Colbert (@StephenAtHome) January 29, 2021

But it got really hot after online brokers like Robinhood imposed trading restrictions on GameStop stocks.

This decision was heavily contested. Comedian Jon Stewart, who avoided Twitter throughout the Trump presidency, created and weighed an account on Thursday.

That’s nonsense. The Redditors aren’t cheating, they’re joining a party that Wall Street insiders have enjoyed for years. Don’t turn them off … maybe sue them for copyright infringement instead !!
We didn’t learn anything from 2008.
love
StewBeef

– Jon Stewart (@jon_actual) January 28, 2021

The actions taken by Robinhood and others sparked outrage among lawmakers, including MP Alexandria Ocasio-Cortez, DN.Y., a progressive political star. And, it turned out, even Senator Ted Cruz, R-Texas, agreed.

But Cruz’s nod wasn’t enough to bring the two together. Ocasio-Cortez responded sharply to Cruz in a tweet, saying, “You almost had me murdered.”

She was referring to the Trump-backing mob that broke through the Capitol earlier this month. Cruz had been one of the lawmakers who wanted to challenge Joe Biden’s election.

Cruz condemned the rioters while defending his stance on the election.

I am happy to be working with Republicans on this issue that has some common ground, but you almost murdered me three weeks ago so you could expose this problem.

I’m happy to work with almost every other GOP that isn’t trying to kill me.

In the meantime, if you want to help, you can step back. https://t.co/4mVREbaqqm

– Alexandria Ocasio-Cortez (@AOC) January 28, 2021

And then there are the random players. The Twitter account of the World Wide Robin Hood Society in the UK, an organization dedicated to promoting the real Robin Hood legend, gained about 40,000 followers, apparently after being mistaken for the broker’s account.

Nice to have all these new followers. Can we just check that you know you are following the worldwide Robin Hood Society in Nottingham and not the Robin Hood app? If so, welcome from Sherwood

– Robin Hood (@robinhood) January 28, 2021

Claire Miller is an intern at the NPR Business Desk.

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