"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