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A comment on Facebook shuts popular stock trading group amid GameStop frenzy. Parent comment

Re:Facebook shuts popular stock trading group amid GameStop ... by oliverx0 on Thursday January 28, 2021 @11:54PM (#25954113)
Of course it applies here. The problem with Facebook doing this is that it diminishes their brand, product and trust users have in the platform.

Re: Robinhood, it is a completely different story. What Robinhood did in this case is market manipulation. They only allowed people to sell the stock and not to buy it. That is (I think) illegal.

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Re:Facebook shuts popular stock trading group amid GameStop ... by caseysoftware on Friday January 29, 2021 @12:46AM (#25954472)
If so, it requires someone to take action against them. Since the CEO of the Nasdaq suggested a trading halt to let hedge funds "recalibrate"[0] it's going to take State AGs or similar to take action.

0 - https://www.msn.com/en-us/money/topstocks/nasdaq-ceo-suggest...

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Re:Facebook shuts popular stock trading group amid GameStop ... by jb775 on Friday January 29, 2021 @12:15PM (#25959704)
The CEO of Nasdaq is owned by those hedge funds. Just like Janet Yellen is owned by them[1]. Halting trading would cause the price to plummet, and the Hedge funds would save billions. THIS is why they're calling for a trading halt.

https://dailycaller.com/2021/01/28/janet-yellen-gamestop-cit...

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