The unfortunate truth is that the SEC might take steps to bar small time investors over the gamestop thing, which is frustrating because they literally did what Wall Street does every day.

It's arguably market manipulation, which is illegal, and while a lot of it was grassroots, they'll investigate whether there were some instigators with ulterior motives who knew what they were doing. While most of the robinhood users won't be charged, it will still have an effect

And sites like Robinhood will likely be stripped of certain abilities in the future, and my bet is they'll be barred from letting so many users buy a private stock like this in the future or face litigation of their own.

I hate the stock market because the financialization of private equity fuels income inequality more than any other facet of the economy, and while this gamestop move is a democratic takeover of the stock market, it will probably backfire and hurt smaller investors in the long run