So, what exactly did Robinhood do on Thursday to protect the rich Wall Street hedgies and crush their retail investors? They took the unprecedented step of preventing their customers from buying shares of GameStop. Basically, saying we got you into this game and now we are going to change the rules. The laws of supply and demand kicked in and without strong demand from new buyers of GameStop stock -- after all Robinhood wouldn't let investors buy the stock Thursday -- the stock dropped 44%.
But what about the real long-term? For guidance we can turn to the father of value investing, Ben Graham, who described the stock market in the short run as like a voting machine, tallying up which firms are popular and unpopular. Robinhood's actions today put sand in the gears of that voting machine.
The true long view is that the market is like a weighing machine; assessing the substance of a company. As for the substance of GameStop, well that's probably a lot closer to where it was in early January than it is today . So, where does education fit in? In a press release, Robinhood has flexed its revamped and expanded learning platform. Meanwhile their gamified user interface and marketing encourage frequent and risky trading strategies , which their business model and a future IPO rely upon.has heard from educators across the country. Their students are captivated by the GameStop story.
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acorns Seems like it was a pretty costly lesson to hedge funds and shorts yet I don’t see a similar op-Ed. 🙄
acorns umm... it was the hedge funds who lost billions because of the retail investors..
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acorns Lol lesson, like the market is rigged?
acorns The financial lesson here is that you and your criminal friends in suit should be put in jail for manipulating the market
acorns 'Do your own homework.' Cool, I'll do that along with trying to keep my job during a pandemic I'm trying to avoid.
acorns You and your hedge fund buddies scared of something ?