i mean mostly it's being transferred to other corrupt wealthy people,
lol no
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If you believe this kind of populism, you also believed that Trump will punish the global elites and work for the little man.
How did that ****in go? *winks at the Ancient Ones*
But seriously, why are they doing this? According to their statements, it's "volatility" they don't like, probably for the same reason that stock markets suspend trading of volatile stocks.
But why is this bad? And is this a good reason to stop trading rapidly rising stocks? Plz explain to noob w/o memes.
But why is this bad? And is this a good reason to stop trading rapidly rising stocks? Plz explain to noob w/o memes.
capital protects capital
That's probably populist bull****. Investor platforms that banned trading in Reddit stocks are losing money and customers.
Are they obligated to do this and why? Because it's not rational behavior otherwise. They are not one big capitalist cabal watching each other's backs.
The best guess I can take is consumer protection of small investors against potentially great losses with volatile stocks.
ah, yes, brokers, famously invested in protecting the little guy.
Judging from the fuss by Sen. Warren apparently the Securities and Exchange Commission does not have rules against massive speculation.
We already know that brokers have no scruples.
We already know that brokers have no scruples.
Legend has it that Citadel and other mega hedge funds who also use Robinhood to place their orders (and the big institutional clients are how they make money, because it's free for retail), are blackmailing the app to just shut redditors out. Citadel also loaned x billion to Melvin to keep them afloat during the whole thing. So did Steve Cohen.
Yes, these people are a tightly knit group, they help each other out for its own sake.
You have a much too optimistic and naive idea of how the market is 'regulated'.
Short sellers simply bet on Gamestop's stocks to drop - which was almost 100% guaranteed.
Then they were outplayed by trolling redditers using the game against them.
The complete moron’s guide to GameStop’s stock roller coaster
How does this epic rally end? And can it be repeated?
arstechnica.com
Side note; Wouldn't this little endeavour actually succeeding also mean potential problems for all the rest of them in the future?
Nega-Brutus
Reddit - Dive into anything
www.reddit.com
lol
Lusitani 5th Empire
At least let them believe. If everyone believes a lie then it becomes truth. If people find that they all hate the same guys, then perhaps, it opens doors to set aside some of their differences. I my eyes this has more meaning than the actual effect on the big fish, but who knows what the outcome will be, maybe something good, and that hope is good enough. Or maybe, the people will be the fools who thought they killed wall street.
"f everyone believes a lie then it becomes truth" I've had enough of that **** with Donald Trump.
I found this article on the subject quite interesting https://marketsweekly.ghost.io/what-happened-with-gamestop/amp/
Lusitani 5th Empire
Yes, trump is the cause of all that happens https://edition.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html
Funny how the media keeps using trump, and now some people will think - trump bad then gamestop stonks bad, small investors bad, elites good.
Trump is the cause of everything bad that happens, including changing Wall Street regulations that made GameStop possible.
Lusitani 5th Empire
I don't know enough to say yes or no, but to my understanding this is going on before trump, if trump actually did something then media would immediately jump in to "expose" it and squeeze some more juice from his name.
