IDK about Robinhood, but this narrative about the Redditors “making money” we’re seeing today is bunk. Yes, some will make money off the short squeeze temporarily driving price up. But in the long run those that don’t immediately cash out mostly overpaid and will lose a lot. https://twitter.com/thehyyyype/status/1354793574798405632

I think a lot of people want this to be something it’s not. YES, they’re sticking it to these hedge funds. But they are literally paying large sums of money for that privilege.

Another thing is, when all these Reddit investors lose their money, it sounds like a lot of people are already primed to blame Robinhood, despite it being 100% inevitable. I get that Robinhood is acting sketchy af but let’s not lose the big picture.

To clarify, even though I thought it was obvious from what I posted already, I am NOT defending Robinhood in any way. I’m merely noting that this scenario has been destined to end badly since its inception.

I’m sorry people, but *you do not make money in the long run by buying stuff for way more than it’s worth*. I know that’s apparently a hot take today, but there you go.