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by JMTQp8lwXL
1973 days ago
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Who is supposed to buy the stock if nobody else in the app is allowed to enter positions? It's strictly forcing the transfer of the stock from a retail investor to a market maker. It's the antithesis of a free market where any market participant can act as buyer or seller. I don't think it implies there's a huge conspiracy, but it does implicate certain bad actors in the financial system. No, not everyone is bad. But the idea of some participants evading the rules is extremely plausible. It's happened in the past (see: 2008 GFC). Saying everyone thinks it's a 'huge conspiracy' is a straw man fallacy of the more legitimate concerns raised today. |
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