In the wake of the extreme price explosion in GameStop stock, driven in large part by the subreddit WallStreetBets on Reddit, there is naturally a great deal of talk about “market manipulation” and related concerns. Many people are saying that hedge funds manipulate markets. Others are saying that the rich and powerful are now upset because “manipulation has been democratized.” The Secruities and Exchange Commission (SEC) is now monitoring the situation. Nancy Pelosi has said Congress will get involved. Alexandria Ocasio-Cortez has called for committee hearings into trading apps preventing users from buying the stocks in question, with Ted Cruz in agreement with that action.
This is unacceptable.
We now need to know more about @RobinhoodApp’s decision to block