Two things you need to know about the situation with GameStop, WallStreetBets and that whole mess today: First, retail traders aren’t actually the customers at Robinhood, the stock-trading app that many of those retail traders are mad at. Second, while the potential losses of retail stock buyers max out at 100%, if a hedge fund is selling short, as they often do, the losses can be infinite. We’ll fill you in on what you need to know — or you could just watch this.

Here’s everything we talked about today:

“WeWork in Talks to Combine With SPAC or Raise Money Privately” from The Wall Street Journal

“Robinhood’s Customers Are Hedge Funds Like Citadel, Its Users Are the Product” from Vice

And, one more time, this “stonks” explainer