Wow it’s lights out on GameStop and AMC lmaooo

@KrackerBash its honestly sad lol.

@NoahB Abiding by our overlords feels safe.

@KrackerBash its wild. most people understand that their boss isn't their friend. but their boss's boss's boss? well that guys an expert and only has the best intentions for us lol

@KrackerBash People throw around "Wall Street" without thinking.


These are all "Wall Street" and they benefitted handily from this hoopla. You can see that BlackRock sold a couple of million shares in the last couple of days, too, taking advantage of the inflated prices and making a killing.

Somehow, entities managing trillions, including the largest asset manager in the world aren't "Wall Street", but a small hedge fund is.

@QuixoticSoul no duh black rocket made money. they have fingers in almost every pie in the market. almost no momentum happens without them getting a cut. as I said before this same thing happened in 07 and 08 and none of these wall street goons made a peep about regulating the markets then. difference is a good chunk of money flowed downward too. Watch them try to make retail trading impossible for anyone without 100k and using a brokerage. they just want to calcify wealthy institutional rule

@NoahB The problem with this general argument is that retail investors tend to perform poorly. This has been somewhat obscured by how well the stock market has been doing as a whole, but it very much remains the reality.

Wall Street as a whole absolutely loves Robin Hood, etc, because it makes an absolute killing off naive investors gambling. The moves to restrict it are driven by people essentially trying to protect folks from themselves.

By and large, WSB regulars participating in the GME hoopla are likely to lose money too. I saw idiots buying in at ~$350 - I doubt they'll get out in time.

@QuixoticSoul exactly my point. they love the poor doofus' throwing their chips in until the poor doofus' win. then they turn off the lights and say "get out of my casino"

@NoahB Robin Hood and the companies filling orders on there are making money when people are winning too. And many big institutionals have been benefitting from retail traders driving up the price in a pump. Your motive is off.

When volatility gets extreme, the little guys get hurt more - that's why exchanges and trading apps start to try and restrict movement.

@QuixoticSoul Robinhood is tied to citidel which was tied to melvin. they were losing money and shut of the lights.

@NoahB Melvin has already long closed out of GME - nothing you see happening today has anything to do with them, they aren't losing any money anymore. Capital has only won here - they got a piece of Melvin on the cheap, and they've been doing their standard arbitrage in the meantime.

@QuixoticSoul lol yeah. by quite literally doing market manipulation. hard to imagine a more flagrant example of market manipulation than just taking the stocks off the listings of your trading platforms than that.

@NoahB Capital isn't in a position to do that in the first place, and don't benefit from the listing being taken off. They're one of the entities that benefit from extreme volatility, and the longer this goes on the better it is for them.

@QuixoticSoul oh so the stocks just magically removed themselves from the platforms? lol

@NoahB Of course not - but Capital is the last place that you should be looking, they're on the upside of this - along with many other big players. Whatever is happening, it's absolutely not to protect them. Nor is it to protect the institutional short sellers - who are largely out of this at this point.

@QuixoticSoul having a hard time parsing your argument. first you say robin hood is intentionally used to rip off gullible investors and they make money off the dummies. now you seem to be implying the same system that does that is now acting to protect.... them? lol

@NoahB It's very much not in Robin Hood interest if a large number of their members suddenly lose their shirts all at once, which is why they're acting in the face of extreme volatility. They're also worried about what the regulators will see when they're looking back at all of this.

@QuixoticSoul they're losing their shirts right now because they halted trading! lol alright im done. i got to get back to work. peace.

@NoahB RH wants people to close out their meme stock positions, and get back to doing business as usual tomorrow. That won't happen if people go nuts in an orgy of speculation and lose their shirts in the dump.