"Can someone help me understand Robinhood's POV? This just seems so outrageous"
You are a mall owner and 25 000 people are stampeding through your mall causing a ruckus which will in the end create no value for anyone.
This is speculative mania with no basis in any kind of market reality, people are actively acting against the best interests of the participants, especially the companies themselves.
The lack of understanding here is what is 'shocking'.
BlackBerry, Robin Hood, Citadel, NASDAQ - nobody wants to be part of this.
It's ridiculous that people think they are somehow 'doing good' or even have some kind of inalienable right to own shares in a company on whatever terms.
This is a 'market riot' nobody wants to be involved but the rioters.
CFOs are all very nervous right now and I wouldn't doubt if some of the target companies have asked for protection.
You are a mall owner and 25 000 people are stampeding through your mall causing a ruckus which will in the end create no value for anyone.
This is speculative mania with no basis in any kind of market reality, people are actively acting against the best interests of the participants, especially the companies themselves.
The lack of understanding here is what is 'shocking'.
BlackBerry, Robin Hood, Citadel, NASDAQ - nobody wants to be part of this.
It's ridiculous that people think they are somehow 'doing good' or even have some kind of inalienable right to own shares in a company on whatever terms.
This is a 'market riot' nobody wants to be involved but the rioters.
CFOs are all very nervous right now and I wouldn't doubt if some of the target companies have asked for protection.