And it's the 10th anniversary of the Arab Spring and its aftermath. I can't believe we're still doing the "oh look David vs Goliath fight via Reddit" "oh look the underdog got fleeced" "oh look Reddit has an ad celebrating the underdog" cycle. Time for real, integrative analyses.
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I’m no expert, but based on reading Matt Levine, it seems like your article missed important parts of the story? RobinHood temporarily ran out of money because trades take two days to settle and money is tied up for that time. It’s like a website going down due to lack of memory.
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Also, why do short squeezes still happen? Any company could fix it by having shares for sale at a high enough price. Could be required. These are just mechanical issues that could be fixed with a bit of preparation.
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This is wrong. The "little guy" lost to the extent that he bought a wildly overvalued stock that was definitely going to crash. I started buying index funds in the 90's and have done quite well despite being a random nobody.
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I'm glad you did "well" but I'm kind of sure that you did not get paid millions of dollars *to be fired* for bankrupting companies, and leading them through many disasters.
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