cwkoss more or less covered it, but they stopped buying for "retail" investors, but wall street could still buy. They basically literally said "okay enough of y

cwkoss more or less covered it, but they stopped buying for "retail" investors, but wall street could still buy. They basically literally said "okay enough of you normies, only professionals get to trade GME or AMC today". The unsaid part here is "and we'll probably make a ton of money during this since the retail investors were all buying". There's a rumor that Citadel doubled down on shorting the stock today and made a killing when it dropped from $450 -> under $200 today when trading was blocked. That could probably outweigh a good deal of the losses from Melvin today, though it's unclear who is still holding the bag on shorts. That's why this ban for retail traders is so crazy and blatant...