Unless you’ve been living in complete isolation over the last few days, you’ve heard about what’s going on in the stock market with GameStop and AMC. It’s been completely unavoidable and the saga only continued to get crazier this morning as trades were halted, class action lawsuits were filed and people began to look at alternative currencies like Dogecoin. The government and even Ja Rule and LaVar Ball weighed in. You may not understand it entirely, and that’s okay, but you have at least had a good laugh over a meme or two. Here’s a general breakdown.
As the day went on, people got increasingly angry with the situation and set out to air their grievances on Twitter. Part of the day’s events included a call for the U.S. Securities and Exchange Commission to investigate some of the trading bans that took place, particularly on an app called Robinhood. The Commission, better known as the SEC is a “large independent agency of the United States federal government that was created following the stock market crash in the 1920s to protect investors and the national banking system.”
The abbreviation “SEC,” of course, is also short for the Southeastern Conference. It was a mixup that offered a hilarious frenzy of tweets that call for the collegiate conference to step in and do something about the short squeeze.
Obviously, it cannot.
GameStop ain't played nobody
— Chris Fallica (@chrisfallica) January 28, 2021
The confusion is even funnier when you read these tweets as if these people are seriously calling upon the Crimson Tide, Gamecocks, Gators, etc. to step up. Ah yes, the Southeastern Conference and congress should get right on it!
— Banky (@bnguyenpharmd) January 28, 2021
Even with the reminder from ESPN’s public relations team, the flurry continued. It’s inadvertently hilarious.
— GrillzMafia (@jaygrillz) January 28, 2021
What's a Southeastern Conference sports channel network supposed to do with Robinhood?
— adam c (@well_ya_know_) January 28, 2021
wtf u corrupt fcks @SECNetwork r u fckin seeing this?!?!
— ₿⚡Simon Lee⚡Contributor (@CryptoDude213) January 28, 2021
. @SECNetwork what are we gonna do about this here Robinhood/Game Stop predicament?
— Bob (@BobbyG_13) January 28, 2021
@SECNetwork why can’t I buy more GameStop on Robinhood???? Do something you cowards!!!
— Pat (@PattyMayo76) January 28, 2021
It’s 5 am and stocks are trading. But we can’t start trading till at least 6am
Hedge funds and the big Wall Street guys can trade before anyone else can.
— 💰Make That Moolah💰 (@CashMoneyGoulah) January 28, 2021
Why haven’t y’all talked about stocks yet this morning? @SECNetwork
— 3 Doors Down fan account (@DavidLeBlanc95) January 28, 2021
— Atanae (@atanae) January 28, 2021
@SEC YOU have no idea what a BAD LOOK this is overseas.
— Lady Xoc🐭 🇺🇸 (@ArielleCurtin) January 28, 2021
— Lauren Wolfe (@Lauren_Wolfe) January 28, 2021
@elonmusk The corrupt @Sec has halted trading for GME and AMC at least 20 times all while @Robinhood @WebullGlobal @TDAmeritrade systematically blocks us from buying. Tanking the prices. And the hedge funds “adjust” their positions. This is FRAUD. This is illegally rigged.
— Jana Maya (@degeneratestonk) January 28, 2021
Surely Nick Saban will get right on it!