4 ms·
The GameStop thing was some trying to emulate the shitty behaviour of hedge funds and succeeding. The authorities had to intervene to stop these people. Even Ro
by great22221 6y ago
The GameStop thing was some trying to emulate the shitty behaviour of hedge funds and succeeding. The authorities had to intervene to stop these people. Even Robinhood had to disable trading for these people, otherwise who knows how long it could have gone on. The authorities are mum when the hedge funds do it.
'Changed, prayed, took stupid selfies' - let's not hide what they did. They had weapons. If an angry crowd with weapons come to my workplace and ransacked the place, making everyone flee for their lives, I would want them all to serve prison time. It's a no-brainer.
- tryonenow 6y ago>GameStop thing was some trying to emulate the shitty behaviour of hedge funds and succeeding The narrative is that hedge funds manipulate prices downward to profit from shorts - this was an opposite effort. And when Robinhood suspended trades, all they did was freeze out retail traders whild institutional traders had time to run the price down and trade amongst themselves. It was shady given the alleged links between Robinhood and market makers and hedge funds and such. I really don't think anyone was being protected by that move.