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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by jiofih on Thursday January 28, 2021 @02:37PM (#25947779)
I think a majority of people riding this don’t care where the money goes - they just want to stick it to the man.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by 542458 on Thursday January 28, 2021 @03:37PM (#25948774)
Which IMO is silly. Institutional investors hold 160% of GME’s float. For every institutional investor wanting it to tank there are others who want to see it rise. It’s not like the institutions all agree or anything - “The man” is on both sides of this.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by adrr on Thursday January 28, 2021 @04:40PM (#25949698)
They are collecting interest from hedgefunds for the short positions and collecting interest from brokerages for capital they provide for margin accounts. They win no matter what.
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