Class Action Lawsuit Filed Against Robinhood

Re:Class Action Lawsuit Filed Against Robinhood by TheCapn on Thursday January 28, 2021 @03:14PM (#25948370)

My understanding is the long term plan is to try and bankrupt some hedge funds or drive the SEC/regulatory bodies to enforce rules against the elite class of investors; its not entirely about profit for everyone.

There's so much discussion on HackerNews today about people who are going to lose out on these stocks where I've seen a healthy amount of comments on Reddit in the last week of people buying stock merely "for the lulz". I think there's a non-insignificant amount of "investors" who have tossed paltry sums at $GME with no plans on making a return.

Honestly, I'd have done the same, but I don't do any form of stock trading so I don't have accounts on any platforms to do it. I've done the same with various crypto shitcoins and made a few bucks off throwing $50 or $100 at something I don't expect to ever see return on too.

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Re:Class Action Lawsuit Filed Against Robinhood by adrr on Thursday January 28, 2021 @03:45PM (#25948924)

I am curious what the average holding is for GME. $100 * 2 million WSB subscribers is $200m to make a stock go to $24b market cap. That isn’t a lot of cash. People are posting screenshots with $10k+ holdings on WSB. Monday volume indicates a massive amount of stock movement.

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