Re:Class Action Lawsuit Filed Against Robinhood
by equality_1138 on Thursday January 28, 2021 @04:01PM
(#25949138)
My take is that the stock was basically being manipulated by an angry mob. While I completely applaud their efforts and stand against the unfair advantage that institutional investors have, I can also see where their approach could trigger broader market instability. Let's assume it was a broad coalition that assessed the risk and decided extraordinary measures were in the public's interest.
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Re:Class Action Lawsuit Filed Against Robinhood
by xeonoex on Thursday January 28, 2021 @04:11PM
(#25949261)
"Manipulated by an angry mob" is one way to look at it, but "unsophisticated investors attempting to short squeeze billion dollar hedge funds" is another.
Re:Class Action Lawsuit Filed Against Robinhood
by equality_1138 on Friday January 29, 2021 @05:16AM
(#25955841)
Either way, there is a limit to how much unsophistication the market can tolerate and remain healthy.