I don't get how Robinhood can make this move. I see this move as a lose/lose. Anyone care to emphasize with them? Maybe they see themselves as saving the lay investor?
But then from a price action perspective,
- If GME goes up, people are going to have the sentiment that Robinhood stopped them from making money to protect the fat cats
- If GME goes down, people are going to blame RH.
But then from a price action perspective, - If GME goes up, people are going to have the sentiment that Robinhood stopped them from making money to protect the fat cats - If GME goes down, people are going to blame RH.