This has happened before, and is a great litmus test for something that is either very bad or very good.

More importantly, neither heads of the party agree. It's more like the extremists vs the centrists.

It's not just Robingood! I'm on Schwab and they blocked trading with GME this morning (didn't try it but SELL might still be open)

I think TD Ameritrade did the same.

It reveals that the whole "left vs. right" culture war is a massive sham designed to occupy and waste the all the plebian's attentions and get eyeballs on advertisers while the rich and powerful sit back and laugh.

And people already downvoting me...lol. Do you not realize you're just willing pawns?

Wait a minute. Are those big tech hearings not going to amount to anything? Approximately the exact same thing AOC's fake hearing/s will amount to. It's nothing more than populist grandstanding.

Exactly - it really feels like a watershed moment of some kind, though I'm not exactly sure how

It's a super simple non partisan issue that can get him some press that isn't about his sedition

About that... https://twitter.com/AOC/status/1354848253729234944

AOC is such a firebrand. I love it. Not a lot of politicians who give me the sense that they're actually fighting for me.

How does that tweet make you think she is fighting for you and not just for publicity?

Words have context around them

Why would it make me think any different? She's right.

Because she’s been there for quite some time now and achieved very little legislatively.

The extreme grandstanding for her Twitter followers got her boxed out by her own party. She’s now just the lady with the socialist hot take for the evening news without any real means to change anything.

She's still a house representative, being known at all is a massive first step in such a large body.

She's also just survived her first election as an incumbent. Two years in the house as a freshman with a Senate and president that would block everything anyway is not a time scale where you can reasonably expect to have massive legislation passed.

She reminds me of Trump in his early primary days.

Lots of zingers on Twitter - no experience - no compromise.

You just described 75M Trump voters...

I wish she would tone down rhetoric sometimes - There is a lot of straight-up factual fire to spit, and Ted Cruz did not literally factually try to murder her.

She could have made her point without that phrasing.

He did endorse the would-be murderers. Major news networks literally played video of people on the floor of the chambers saying "Ted Cruz wants us to do this". https://www.google.com/search?q=cruz%20wants%20us%20to%20do%...

And the guy that got caught telling people to assassinate AOC during the riot, blamed Trump in hindsight; while his prior tweets made it exceptionally clear that he did it of his own volition. That's called trying to blame someone else to save your own ass, blame shifting.

Democrats tried even tones for decades without much to show for it.

It is kind of hard to forget conspiracy to commit murder and sedition. She does kind of have a point ...

> Ted Cruz almost had me murdered 3 weeks ago

Well not that much of a watershed moment I guess.

Lmao I laughed so hard. "You can resign" XD

Agree. They, of course, have their own reasons for doing this. But regardless, I feel it is a very good thing to happen.

If influential people from both parties can work together for issues like this, it will make the world a better and fairer place for the middle class and the poor.

Wait -- Ted Cruz agrees with this? Do you have a tweet link or an article?

And Rashida Tlaib and Donald Trump Jr too.

I am so glad to see legislators and politicians from both sides, regardless of their motivations, getting together on the side of the people.

For the people, you know.

Cruz agrees with AOC. AOC took the opportunity to tell Cruz he "almost had me murdered 3 weeks ago":

https://twitter.com/AOC/status/1354848253729234944

Holding someone accountable for their actions longer than one press cycle is a good thing.

Yes, but... they're both wrong. The trades that Robinhood blocked were objectively bad trades, and the people they stopped from buying would almost certainly have lost all that money.

Now, I agree that there's a good first principles argument (and also a bad populist one) that people should be allowed to trade their own money into scams if they want. But the idea of proving damages here based on the idea that GME was going to CONTINUE TO GO UP after a 500% increase triggered by a short squeeze is just insane, sorry.

"The trades that Robinhood blocked were objectively bad trades" Seriously? Do you want brokers making this call? That is not their job. Let people learn the hard way, that is what the markets are for. Now, don't let them do it on margin but if you're going to plow your savings into GME at $450 a share then I am sorry but it's your own fault for not doing any homework at all.

I agree that this is how it should be, but then we'll inevitably end up with a bunch morons who lost their money and then demand the government to right them. It's a lose-lose situation.

This is a bad take. There's millions of bad trades you can make. Should Robinhood block all of those as well?

Also how do you quantify a bad trade? How much lost money? I trade on Robinhood too (not GME though), and just two weeks back I lost money on Nio stock.

Is that a bad trade? Should Robinhood have stopped me from buying that stock?

This case is not about lost damages and I doubt that is the motivation for someone like AOC getting involved. The narrative surrounding this whole thing has become the little guys have pulled one over the hedge funds and now the wall street is changing the rules. The bad trade that was done here was when GME was shorted to 140%, and now that retail has made a win, everything is being done to save the shorts. All this is highlighting for many more people in how the "game is rigged".

"This is Wall-street Dr. Burry, if you offer us free money, we're going to take it"

The notion that an exchange would protect a trader from trades is laughably absurd.

What about the people that already bought through Robinhood and were trying to double down to maintain their position? Those people are being made to lose money too.

Glad to know bad trades are illegal now. /s