A short, informal commentary describing how the JOBS Act enabled retail trading platforms (e.g., Robinhood) that let individuals access public markets without traditional brokers, and how that broader access contributed to the retail-driven GameStop stock surge that pushed GameStop's market price far above its underlying liquidation/value measures.
Excuse me. The. The other thing that it did was the Jobs act also allowed for. For there to be like Robin Hood. Like, it allowed for people to trade on the. On the open market without having to go to. Go to like, go to JP Morgan or go to TD Ameritrade. Like, if you remember before Robinhood, you really didn't have a platform as individual to go and trade stocks at. Right. You had to have a stock broker. Right, Like, E Trade. Right, yeah. You know, and E Trade came out. E trade was like before the Jobs Act. Yeah, but it was the precursor to the Jobs Act. Right, right. And so when you got to that point with the Jobs act, they were like, oh, well, boom. Now Robinhood came out and. And all these other trading platforms to allow just about anybody to trade. Right. And so we know what happened with that. When you go look at what happened with. When you go look at what happened with game GameStop. Yeah. Yep. That's a perfect example. Like, they literally were able to change the price of GameStop and increase the value of GameStop beyond any value. Like, if you sold. If you sold all the gamestops and everything they had in it, it would have still been 50% less than what GameStop was worth on stock on paper.
