re: I need an explanation; Robinhood & GameStock related

1. so a bunch of REALLY rich chodes announced a “short” where they would sell burrowed game stock shares at price A to crash the price and then use funds to buy the stock back at a lower price B - pocketing the difference while returning the shares to the lender.

2. Some people on Reddit saw the announcement, and in a protest on Wall Street, they all got together and brought up TONs of stock (via RobinHood) driving the price of game stop stock “to the moon” (cryptocurrency tactic) - thereby leaving these Wall Street guys with their dicks in their hands losing tons of money because these Wall Street guys HAVE to buy back at the high stock value within a certain time to prevent screwing over the people who actually owned the original shares

3. Some powerful people (rumors the White House, itself) pressured Robin Hood to halt trading on that stock so the chodes could recoup losses - which is crazy illegal. RobinHood caved and halted trading.

4. All this proved game is rigged just like the election

TL;DR version: bunch of regular people used a slimey Wall Street trick against Wall Street so now Wall Street wants to take its ball and go home