> I really hope that gambling on GME is not a "major part" of a significant number of people's lives.
It's a major part of the mega wealthy's lives. They've profited in this pandemic and it's not because of the fundamentals. Shorts squeeze the market too much but they ( hedge funds) should be responsible adults and take their losses. Not force Robinhood to unethically force sell it's massive user base to liquidate b/c their system bit their biggest customer.
We're about to see whether the people actually have rights or if this is actually a class warfare situation. I suspect it's the latter.
It's absolutely the latter. GME is a meme stock that people will forget about in 3 months. If 2008 didn't cause anyone to go to jail (where millions lost their houses and retirements), manipulating a short squeeze on a failing company certainly won't.
It's a major part of the mega wealthy's lives. They've profited in this pandemic and it's not because of the fundamentals. Shorts squeeze the market too much but they ( hedge funds) should be responsible adults and take their losses. Not force Robinhood to unethically force sell it's massive user base to liquidate b/c their system bit their biggest customer.
We're about to see whether the people actually have rights or if this is actually a class warfare situation. I suspect it's the latter.