Maybe this flew under the radar, but super interesting DD here. Basically, there's evidence that shutting down Robinhood today was a last-ditch effort to stave off a full economic meltdown on Wall Street. Knew hedge funds were over leveraged... but wow!
Keep up the pressure and this whole rotten thing could come tumbling down.
This comment: https://www.reddit.com/r/wallstreetbets/comments/l7b321/josh_shapiro_attorney_general_of_pennsylvania_is/gl5v2g8
This thread: https://www.reddit.com/r/wallstreetbets/comments/l7b321/josh_shapiro_attorney_general_of_pennsylvania_is/
It would be such a uniquely American collapse if an internet forum buying meme stock triggers a global collapse in capitalism
it's too good, they literally killed off Robinhood forever and turned it into a casualty over night.
You all are going to be so jealous when my 11 shares and I end up helping to bring about the fall of capitalism.
Absolutely. Robinhood took credit from banks to prepare for tomorrow.
The most collapse there'll be is when the Republicans suddenly support $4000 stimulus checks because their base of MBA dudes/boat owners/car dealership owners has suddenly lost all their money HODLing.
I honestly have no idea, lol. Data dissertation? It's technical big-brain stock stuff. Above my head. Never bought a stock in my life before this GME stuff. 100% mutual fund and then forget about it.
If it's any consolation, no one on WSB performs actual due diligence before YOLOing their money on meme stocks.
