LogFAQs > #950027590

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Topic	Politics Containment Topic 362: Now With Diet Coke Button
KamikazePotato 01/28/21 5:28:27 PM #387:	TheRock1525 posted... Can someone explain the whole Robinhood thing to a stock market illiterate person like me? Why are people wanting to buy Gamestop stocks? Hedge Funds short GameStop stocks into oblivion (a.k.a., they make money if the stock does bad) and purposefully manipulate the market to make GameStop do worse WallStreetBets subreddit starts a movement to buy up tons of GameStop stock, shooting its value up from $16 to $200+, potentially costing the hedge funds a LOT of money Hedge fundies start whining and moaning, people play world's smallest violin Hedge funds put pressure on Robinhood (most popular stock trading app) to disallow people from buying GameStop stock - you can now only sell on it --- It's Reyn Time. <cite>KamikazePotato posted [p:950027590] in Politics C... [t:79256670]...</cite> <quote>TheRock1525 posted... </cite> <quote>Can someone explain the whole Robinhood thing to a stock market illiterate person like me? Why are people wanting to buy Gamestop stocks?</quote>Hedge Funds short GameStop stocks into oblivion (a.k.a., they make money if the stock does bad) and purposefully manipulate the market to make GameStop do worse WallStreetBets subreddit starts a movement to buy up tons of GameStop stock, shooting its value up from $16 to $200+, potentially costing the hedge funds a LOT of money Hedge fundies start whining and moaning, people play world's smallest violin Hedge funds put pressure on Robinhood (most popular stock trading app) to disallow people from buying GameStop stock - you can now only sell on it --- It's Reyn Time.</quote> ... Copied to Clipboard!
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