It isn't They'll be sued and honestly, possibly collapse (if judges have any sense). But that's a small fish sacrificed to save the big fish. Very clever on their part, though obviously panic-driven since it was done so quickly.
Robinhood goes broke, but hedge funds and banks save billions they'd have otherwise lost if trading went as normal for the next 2 days.
The only combating that will occur is Robinhood will cease to exist and our "betters" will change the rules to prevent anything like this from happening again. They won't allow themselves to be threatened by the plebes.
At some point people are going to be left with literally nothing except violence as an outlet.
It isn't They'll be sued and honestly, possibly collapse (if judges have any sense). But that's a small fish sacrificed to save the big fish. Very clever on their part, though obviously panic-driven since it was done so quickly.
Robinhood goes broke, but hedge funds and banks save billions they'd have otherwise lost if trading went as normal for the next 2 days.
Basically this. They realized it was cheaper to nuke Robinhood than to allow unrestricted trading. Talk about collusion and market manipulation...
If there is nothing that is done to combat this, we might have a catalyst.
The only combating that will occur is Robinhood will cease to exist and our "betters" will change the rules to prevent anything like this from happening again. They won't allow themselves to be threatened by the plebes.
At some point people are going to be left with literally nothing except violence as an outlet.
Don't say that, you'll be called a glowie around here.