Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by cbozeman on Thursday January 28, 2021 @12:01PM
(#25944895)
No. You aren't misunderstanding anything. That's exactly what happened.
The "problem" here, is that the little guys noticed. Michael Burry and some unknown YouTuber saw this over a year ago and started buying GameStop, and making a case for people to buy GameStop.
This is very easy to understand. The wrong people are losing money. And that can't be allowed. That's all you need to know for this to make sense.
The "problem" here, is that the little guys noticed. Michael Burry and some unknown YouTuber saw this over a year ago and started buying GameStop, and making a case for people to buy GameStop.
This is very easy to understand. The wrong people are losing money. And that can't be allowed. That's all you need to know for this to make sense.