5 ms·
Even when they're not buying on margin GME is in a short term bubble that will soon pop and leave millions of their users worse off than before. There probably
by tommoor 6y ago
Even when they're not buying on margin GME is in a short term bubble that will soon pop and leave millions of their users worse off than before. There probably was some internal logic of "protecting" folks from themselves whether we agree with that or not.
- ApolloFortyNine 6y agoDid they stop people from selling in March when the World was panicing about Covid, despite most people assuming the stock market would rebound? The answer is no.
- hindsightbias 6y agoQuite a bit of difference from markets being influenced by outside events and the market being influenced by your gamified platform.
- argonaut 6y ago> most people assuming the stock market would rebound No, people / pundits / the media were widely proclaiming that the healthcare system would be overrun and the next great economic depression was upon us. Most people assumed the stock market would continue to fall.
- imtringued 6y agoBuy high, sell never. Everyone who bought the stock has already written it off as a complete loss. Everyone is banking on being worse off than before. They still buy it for the entertainment value and Robinhood denied them that.