So this happened:
https://www.reddit.com/r/wallstreetbets/comments/l6omry/an_open_letter_to_melvin_capital_cnbc_boomers_and/
If you want the full backstory: https://twitter.com/ShaanVP/status/1353951035224694785
Any lessons to be learned here?
This is a big story over here today. Pundits everywhere are analyzing it to death. I’m not sure what the lessons are other than smart mobs can strike at any time!
A lot of the rage is directed at robinhood, which has stopped the masses from trading the stock saying it is for their own protection. Seems to be a big double standard going on with all of this. The big guys can manipulate us anytime they want but some crazy viral thing that damages a a poor defenseless hedge fund…uh uh. Can’t have that. Too threatening to the established order. Don’t those Redditors know that only the rich and powerful can jack us around?