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Reddit Bankrupts at Least One Hedgefund: Explaining the Gamestop Drama

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4 comments

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Sen. Elizabeth Warren weighed in:

"With stocks soaring while millions are out of work and struggling to pay bills, it’s not news that the stock market doesn't reflect our actual economy.

For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price."
posted 1年以上前.
 
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Sweet sweet schadenfreude
posted 1年以上前.
 
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zanhar1 said:
:'D Are the little guys finally fighting back?
posted 1年以上前.
 
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Looks like it, and it's glorious

BUT, I bet you my bottom dollar that the govt is gonna shore up our ability to do this. Only Wall Street is allowed to do what reddit just did lol

The robinhood app (which is what redditors were buying Gamestop shares on) has halted traded on Gamestop shares and has been forcing the little guys to sell. Favour for their big business buds.

Nothing says free and open market like hedge funds influencing a trading app to restrict the trading of certain stocks in order to protect their own bottom line...
posted 1年以上前.