I think that was the point for these novice investors. To demonstrate that the power shouldn't be completely in the hands of major investment firms.
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Tested the market system? It made great use of the system, screwing over the big guys for once...until Robin Hood shut it down to protect their billionaire friends.
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And on the other side, wealth destroyers - hedge funds.
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GameStop is smart. They don't want to insult the people inflating their stock so they can buy things.
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And those novice investors with apps on their phones bankrupted the hedge fund Citadel … you know, the pros. Lol
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Did they happen to mention the ($5k?) in stimulus, given, to, almost, everyone?!?!?
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According to
@GaryGensler and@SECGov people buying stock is the problem…. -
“poor people buying stocks is the problem”
#fixedit
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