<p>You may not know the name, but you know his moniker: The Wolf of Wall Street.</p>
<p>Jordan Belfort, the former stockbroker and convicted felon made even more famous by the 2013 Leonardo DiCaprio film, weighed in Saturday on the GameStop-WallStreetBets-Robinhood saga.</p>
<p>&#8220;It’s about time that the little guy gave it to Wall Street. It’s so gratifying to see. I’m still in shock of it actually happening,&#8221; Belfort said.</p>
<p>In an <a href="https://www.foxnews.com/media/jordan-belfort-wolf-of-wall-street-on-little-guy-stock-wins-its-about-time">appearance</a> on “Watters’ World” on Fox News, host Jesse Watters said moves by Wall Street conglomerates to pressure retail trading platforms like Robinhood to stop trading on stocks like GameStop was likely illegal.</p>
<p>&#8220;I think it goes beyond that,&#8221; Belfort said. &#8220;When I first saw it happen … when I really investigated what happened,&#8221; he said, &#8220;they broke a tremendous amount of laws …”</p>
<p>&#8220;I think Robinhood’s out of business because the amount of lawsuits they’re gonna get right now, from every single person on both sides of it … They’ll say, ‘Wait, I couldn’t buy &#8230; what I wanted to buy,’ or ‘I was forced to sell’ — They’re done, Robinhood.&#8221;</p>
<p>&#8220;Someone needs to go to jail, it’s true,&#8221; he added. &#8220;At first I wasn’t that upset, but last night I saw that the shorts were still short.&#8221;</p>
<p>A throng of Average Joes driven by a Reddit poster started buying up GameStop shares as big brokers were shorting them, which thrust hedge funds billions of dollars into the red and propped up a failing video game company well beyond its actual value. Sites like Robinhood eventually halted the sale of Gamestop shares.</p>
<p>&#8220;They shut down these platforms for the little guy like the way Parler got shut down,&#8221; he said, comparing the situation to that of Parler, a social media platform essentially shut down by Amazon.</p>
<p>&#8220;Now, how about this one?&#8221; Belfort said. &#8220;Google eliminated 100,000 negative reviews off of Robinhood. … I can’t believe the things that are being allowed to happen right now and it’s almost like Big Tech has impunity, Wall Street has had impunity. &#8230; Until someone goes to jail for this, it’s gonna keep happening again and again.&#8221;</p>
<p>But Belfort warned investors. &#8220;Please be careful,&#8221; he said, &#8220;because at a certain point in time the party’s gonna end for these stocks and they’re gonna drop precipitously — and unless you’re careful you’re gonna lose a ton of money.&#8221;</p>
<p>The Gamestop stock price skyrocketed by around 8,000% from six months ago. Big brokers, hedge funds, and professional investors were short-selling, which means they borrowed shares of stock to sell and planned to buy them back later so they could return them, letting them pocket the profit if the stock price went down.</p>
<p>&#8220;Because short sellers — frequently hedge funds — in essence are betting against a company&#8217;s success, it can be a risky position,&#8221; NBC <a href="https://www.nbcnews.com/business/business-news/gamestop-reddit-explainer-what-s-happening-stock-market-n1255922">explained</a>. &#8220;Any positive news or enthusiasm for the stock will push up the stock&#8217;s valuation, minimizing profit for the short seller. In the case of GameStop, chatter on massive online trading forums invigorated interest in buying the stock, pushing up the price, which in turn fueled more interest.&#8221;</p>
<p>&#8220;The speculative trading left short sellers with no more shares to buy to cover their positions, creating a short squeeze and leaving them with millions of dollars in stocks they had bought at a high price but which they then had to offload at an even higher price,&#8221; NBC said.</p>
<p><strong>Related: <a href="https://www.dailywire.com/news/reddits-wall-street-bets-and-elon-musk-fuel-gamestops-stock-surge">Reddit’s ‘Wall Street Bets’ And Elon Musk Fuel GameStop’s Stock Surge</a></strong></p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

‘Wolf Of Wall Street’ Jordan Belfort On ‘Little Guy’ Stock Win: ‘It’s About Time’

CONTINUE READING

Vegas Family Claims Craft Crashed In Backyard, 9-Foot Aliens Emerged

Endless Pride: British Library Posts About Fish That Can Change Its Sex

Russia Taking Over Ukraine Not A ‘Top Foreign Policy Priority,’ GOP Presidential Candidate Says

America Has Spoken: There Are Two Genders. Period.

NY Times, WaPo Do Cartwheels To Spin Biden’s Clumsy Tumble; Twitterers Shred Them

Here’s The Weirdest Story You’ll Ever Read About Sen. Dianne Feinstein

News and Commentary

Robinhood

Stock Market

Wall Street

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News and Commentary —

‘Wolf Of Wall Street’ Jordan Belfort On ‘Little Guy’ Stock Win: ‘It’s About Time’