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> Someone is lying. Or, both people are stating the story from their side, and there is context missing. Robinhood: "We switch off after discussions with the

> Someone is lying. Or, both people are stating the story from their side, and there is context missing. Robinhood: "We switch off after discussions with the DTCC [about increased reserve requirements which we could not meet]" DTCC: "It was entirely their decision, we never spoke to them about [the explicit actions they would have to take. It's definitely a coincidence that most other brokers did the exact same thing]"

duxup 5y ago
I agree. I don't think the description necessarily means someone is lying.
jw1224 5y ago
It’s clearly ambiguous. Retail investors were screwed over by someone, and there are thousands of people still following the situation, demanding answers. Take a read of that article I linked, it gives an excellent and impartial summary of many of the conflicts of interests affecting all parties involved. It also brings up numerous issues I never see discussed here, given most people are only aware of the “mainstream narrative” — there is much more evidence being uncovered than most people are aware of.
- 6gvONxR4sf7o 5y ago
  > Retail investors were screwed over by someone That doesn't seem clear. Possible, but not for sure. Too much of this reads like hardcore conspiracy theorists, but maybe that's just biasing me against the legit bits.
  - nrmitchi 5y ago
    My suspicion, which I don't have data to support, is that retail investors where largely screwed over by other retail investors.
    - JustinAiken 5y ago
      Other retail investors weren't the ones that disabled the buy button. Of course artificially removing all demand is going to tank the price. Retail got screwed, and it wasn't by retail.
      - tedunangst 5y ago
        They disabled the buy button when GME was over 400. But now the buy button is back and you can get twice as many shares for the same money. Sounds like a bargain!
        jw1224 5y ago
        The price was going up by $10s of dollars per minute in January. It was a short squeeze of unprecedented scale — the first widespread opportunity for wealth redistribution of its kind, thanks largely to social media. Where “Occupy Wall Street” failed, “Liquidate Wall Street” was winning. The hedge funds blatantly rigged the public trading system to avoid bankruptcy. I can’t believe so many people still defend them.

duxup 5y ago

I agree. I don't think the description necessarily means someone is lying.

jw1224 5y ago

It’s clearly ambiguous. Retail investors were screwed over by someone, and there are thousands of people still following the situation, demanding answers. Take a read of that article I linked, it gives an excellent and impartial summary of many of the conflicts of interests affecting all parties involved. It also brings up numerous issues I never see discussed here, given most people are only aware of the “mainstream narrative” — there is much more evidence being uncovered than most people are aware of.

6gvONxR4sf7o 5y ago
> Retail investors were screwed over by someone That doesn't seem clear. Possible, but not for sure. Too much of this reads like hardcore conspiracy theorists, but maybe that's just biasing me against the legit bits.
- nrmitchi 5y ago
  My suspicion, which I don't have data to support, is that retail investors where largely screwed over by other retail investors.
  - JustinAiken 5y ago
    Other retail investors weren't the ones that disabled the buy button. Of course artificially removing all demand is going to tank the price. Retail got screwed, and it wasn't by retail.
    - tedunangst 5y ago
      They disabled the buy button when GME was over 400. But now the buy button is back and you can get twice as many shares for the same money. Sounds like a bargain!
      - jw1224 5y ago
        The price was going up by $10s of dollars per minute in January. It was a short squeeze of unprecedented scale — the first widespread opportunity for wealth redistribution of its kind, thanks largely to social media. Where “Occupy Wall Street” failed, “Liquidate Wall Street” was winning. The hedge funds blatantly rigged the public trading system to avoid bankruptcy. I can’t believe so many people still defend them.