how do you opponent gets tonight s last word, the 11th hour with stephanie ruhle starts now. 11t hour with stephani e tonight, an unprecedented move from the january 6th committee. subpoenas issued to five of their own, including the house as top republican. it is all too little too late. and escalating threats from the kremlin, what it all could mean for the war in ukraine. plus, the inside story of last years gamestop surge. we created the new msnbc documentary on how real life players took on wall street as the 11th hour gets underway on this thursday night. good evening once again, i am stephanie ruhle. 180 days from the midterm elections. and just hours ago, the january six committee did something never before done. less than a month before public hearings on the investigation, the committee today issued subpoenas to their own house colleagues, requesting that they come and testify about the insurrection. the five subpoenaed republicans include caucus leader kevin mcca
we can help actively repair enamel in its weakened state. it s innovative. my go to toothpaste is going to be pronamel repair. it was a moment and a movement that captivated america. back in january of last year, shares of a company that people did not even think about, gamestop, surged more than 1600 percent in two weeks. a retailer that s old video games. a group of individual day traders, many of whom had never played in the markets before, ever, with no financial education or background, banded together on mass, online, to find a way to take on wall street. a new documentary from nbc news studio called diamond hands, the legend of wallstreetbets
what was it about this story? that s the thing. my background was in tech, tech journalism. so, looking at red it was sort of a happy place for me. that s weird! yeah, admitted lead, it is. i noticed in april 2020, about nine months before the short squeeze, that wallstreetbets, the subreddit, was really gaining steam. stimulus checks had just come out, retail traders were on the rise. and this group, where people were betting that they would drink their own p that they would lose the value of their 401(k) s or that they would like a toilet seat if tesla stock ran up, it was suddenly going viral. i was looking at this group of people and thinking, despite outward appearances, i think this group of people may one day move the market. and one day, they did! they did, but they didn t win. right? people came in thinking this is david versus goliath. but they didn t. so, in the end, did they win?
the subreddit well, it s not a wall street audience or a subreddit audience. okay, the subreddit wallstreetbets, it s a group of investors of, at this point, i think 10 million investors. and they have their own language, their own lingo. and erica just dumped her water! very worried about coming on tv tonight. she said, okay, i am behind the camera, i don t go in front of the camera. guess what s, ali velshi did it last week. no worries. how strong you are with your stock. that stop, up and down, as the waves crash around you, if you have paper hands you are selling too soon. but at the same time, diamond hands, it s your own property, and people are holding on too long. a lot of people, they just kept holding, hoping that the system would correct itself. and it totally backfired.
saw exactly who the system is set up for. and it is not for the retail investor, necessarily. why the name diamond hands? it is a mentality that these guys have we don t know what it means. this is not a wall street audience. tell us what you mean. the subreddit well, it s not a wall street audience or a subreddit audience. okay, the subreddit wallstreetbets, it s a group of investors of, at this point, i think 10 million investors. and they have their own language, their own lingo. and erica just dumped her water! [laughs] erica was very worried about coming on tv tonight. she said, i m behind the camera, i don t go in front of the camera. and here she is, just build her water. guess what s, ali velshi did it last week. no worries. back to diamond hands. diamond hands references how strong you are with your stock. if you have diamond hands, you