Second: I'm not interested in the binary of whether or not people are mad at Robinhood. People should be mad at Robinhood for a variety of reasons, most notably that it is an online casino masquerading as an investment app.
I am very interested in the conspiracy theory that says Robinhood halted GME orders as part of an effort to protect hedge funds. That conspiracy was repeated by a number of legislators yesterday, seemingly encouraging ordinary people to follow on this terribly risky GME bubble. The conspiracy appears to be false.
Alright, so we were talking past each other. Sorry for not picking up on it sooner.
I don't subscribe to the conspiracy theory - the "mundane", mechanical explanation seems perfectly adequate. My only opinion on Robinhood is that the current backlash they face could've been avoided if they were communicating honestly and in details. The angry mob ultimately isn't after them.
Second: I'm not interested in the binary of whether or not people are mad at Robinhood. People should be mad at Robinhood for a variety of reasons, most notably that it is an online casino masquerading as an investment app.
I am very interested in the conspiracy theory that says Robinhood halted GME orders as part of an effort to protect hedge funds. That conspiracy was repeated by a number of legislators yesterday, seemingly encouraging ordinary people to follow on this terribly risky GME bubble. The conspiracy appears to be false.
If we don't disagree, we don't disagree.