Why are there so many HN posts about Robinhood right now? I've seen 3-4 posts in the past 24 hours and it seems like every comment thread I read also mentions Robinhood in some respect.
It feels like HN is in the middle of an invasion by people trying to draw attention to it, but there could be a coincidence? Is it just the buzz around this GameStop action?
It is, as far as I know, an unprecedented event with potentially far reaching consequences, not matter how it ends up. A huge market manipulation by a massive amount of retail traders, enabled by Robinhood and similar brokers, that has the potential to cause a lot of established players billions in losses.
How can and will the SEC react to this market manipulation; it seems unlikely they can pursue the millions of retail traders individually, so can we expect some new regulations instead? Can companies like RH exist in the same form in the future? The fact they stopped people from buying stocks may or may not have been legal, but it certainly distorted the action price. Again, I think this is pretty unprecedented, at least on this scale, so the financial landscape after all of this settle down might be significantly altered. Finally, if the short squeeze happens, what will be the consequences? Are we in for another huge financial crisis?
It feels like HN is in the middle of an invasion by people trying to draw attention to it, but there could be a coincidence? Is it just the buzz around this GameStop action?