This whole situation is bonkers. When you go onto reddit, I find it’s misinformation after misinformation, with WSB becoming such an echo chamber that it’s allowing social justice to run amok, when right now, there’s a few logically-sound reasons for Robinhood’s closings of certain stocks. To me, this feels a little similar to the online chatter of election-fraud, but time it’s affecting wallstreet. People are allowing their emotions to be throttled and amplified, and I think this is going to hurt a lot of people in the end. In order for there to be a “conspiracy”, the guilt of proof is on you to confirm the conspiracy; trying to tie loose ends doesn’t cut it.
As an example:
https://finance.yahoo.com/news/robin...214509076.html
Quote:
|
Robinhood Markets, the trading app that’s popular with investors behind this month’s wildest stock swings, has drawn down some of its bank credit lines to ensure it has enough cash to clear trades, according to people with knowledge of the matter.
|