Robinhood’s Misdirection

Every few years, an event occurs that captures society’s mindset for a week or two. This past January, we saw the latest example of this with what is being called the GameStop frenzy. A group of unknown composition used the web to coordinate trades, targeting buying pressure towards a few heavily shorted companies. The goal was to increase share prices and in the process, squeeze hedge funds that were short the stock…

Become a member today and continue reading