There's not much discussion of Nokia and Blackberry today among meme traders. That could be because both "to the moon" meme stocks have catered by almost 25% since the market opened today, the opposite of Reddit's rosy predictions that saw tons of folks pile money in yesterday.

I can't imagine a quicker way for Robinhood to squander its huge growth and brand loyalty than to ban its users from buying specific stocks the hedge funds want kept to themselves.

Scrolling through thousands of irate users spitting fire at RH this morning.

It really is incredible that after bruising the nose of a short-selling hedge fund, major trading platforms are now just openly saying they'll intervene to protect institutional funds even if it means banning retail investors from full access to the equities market.

A large group of retail investors say the market is hopelessly rigged in favor of institutional investors. Trading platforms respond by explicitly banning retail investors from butting into hedge fund plays like $BB, $AMC and $NOK. https://twitter.com/dellcam/status/1354808599143309313?s=19

Also lol @ the people who read the first tweet in this thread, got mad, and replied/DMed that I was a Wall Street shill before they bothered to read the rest of the thread.

Even if you're like me and view options and speculative stocks as little more than a dangerous bet for most retail investors, you ought to be deeply concerned at the behavior of trading platforms today.

It's one thing to claim markets are rigged. Another to watch it happen.

Full disclosure I briefly considered but did not take positions in $GME and $AMC, so I am not exposed the stocks I'm discussing here. What I'm saying comes from someone with no financial stake in either outcome.

In case you've been busy and are curious how the WallstreetBets raid on Wall Street is going:

$AMC -53%
$NOK -28%
$BB - 40%
$GME -55%

This is largely the result of trading platforms banning average investors from accessing the market. No such bar for the hedge funds.

. @RobinhoodApp is getting the brunt of the hate today for banning traders from buying $AMC and $GME, but other more mainstream platforms like Merrill Edge have also blocked retail trading while allowing hedge funds to run free.

The House/Senate hearings on this will be wild.

If WallstreetBets gets a seat testifying before the Senate Finance Committee I pledge to you wall-to-wall coverage of that bonkers moment.

Today has proven that hedge funds can win risky bets and bring home huge paydays as long as everyone who opposes them is literally banned from using the stock market.

This isn't just about WSB and hedge funders making up $GME losses. It's hard to overstate how many retail investors have just been radicalized by platforms blatantly locking their trades to protect institutional clients.

Good luck telling them the game isn't rigged now.

The lesson of WSB's $GME $NOK $BB $AMC gambit is that it people aren't winners because they find the best way to profit under the rules. The winners are the people powerful enough to control which rules apply.