I really hope the news cycle doesn’t forget about it, which is likely going to be the result.
![hold the line gamestop hold the line gamestop](https://i.redd.it/hxtn1sfvu2e61.jpg)
Naturally, a redditor immediately filed a suite against Robinhood, which I hope they win. Robinhood claimed that they had to halt sales so they could get the algorithm down to fix the issues with such high influx of sales, but that doesn’t really make sense. Ironically, it is also a very politically right thing that she said. She said their decision to quit allowing transactions was “unacceptable.” She’s a complete political leftist that I often disagree with, but for once, she is correct. This may be the only time I ever agree with Alexandria Ocasio-Cortez, but I’m going to agree with her. That made it a huge deal when this app, that is billed as helping give access to the layman to the big stocks suddenly stopped allowing people access to all the stocks they wanted to trade, it got a big fishy. Not literally, it was more of a play on how you typically need a lot of money to started investing, and Robinhood app is a way for people to use much smaller funds to buy and sell stocks. Robinhood was originally billed, and as the name implies, a way for the average person to be able to trade stocks and earn big bucks, stealing from the rich and giving to the poor. The popular app that people use to do day trading, Robinhood just stopped letting people trade GameStop stocks. But then it gets a little conspiratorial. Robinhood Getting InvolvedĪt first, this story comes off as a kind of funny “screw you” to the overlords on Wall Street.
![hold the line gamestop hold the line gamestop](https://i.ytimg.com/vi/cJd3LO6u1vY/maxresdefault.jpg)
So, they deliberately made a bunch of posts about how everyone should buy the stocks of some struggling businesses like GameStop (GME) and AMC (AMC) to stick it to all the hedge fund turds that manipulate the system get a crap ton of money. Journalists – some of them alt-right supporters – write lazy articles trying to slur the WSB name.Ī group of day traders, which got called “alt-right” for some random reason, got tired of seeing hedge funds bet against places and short sell their stocks to earn themselves tons of money.
![hold the line gamestop hold the line gamestop](https://brobible.com/wp-content/uploads/2021/02/GettyImages-1230908422.jpg)
What’s the best thing we could be talking about then? How about how the lovely people of a social media forum website known as Reddit has stuck it to the man! I’m so tired of hearing all about politics nonstop for the past 4 years. The most recent news cycle hasn’t been all about former President Donald Trump, and I have to say that it is incredibly relieving.