Robinhood is no longer allowing users to do anything but close out their #GME or #AMC positions. Hard to put into words how outrageous that is. This is, much more acutely, the definition of manipulating the market.
I’ve got a newsletter coming out about this moment — and about how it went from silly to deeply serious and political yesterday readtangle.com/about
48 hours ago this was funny. 24 hours ago it become a politicial dividing line, a bit more serious and very interesting. Now it's getting really ugly, and a lot of people are about to be extemely pissed off at how hypocritical the ruling class is
I'm going to unload today man. This is so, so deeply screwed.
Yesterday, all these pundits and Wall St bros were up in arms about how "someone was going to get hurt" -- now they are literally tanking the stock values all those people are invested in.
They're pouring gas on the fire and pretending to be the heroes. It's so gross
My piece on Robinhood's great betrayal, what it says about the system, and how the absurd hypocrisies have been exposed readtangle.com/p/gamestop-amc…
If you want to support this work, and independent journalism, please consider subscribing. I have zero ad revenue -- just subscribers: readtangle.com/subscribe
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If you don't understand what's happening, let me explain: a bunch of idiots with internet access are fleecing billion dollar hedge fund companies that typically fleece the rest of us. And they're doing it literally by sheer force of numbers bloomberg.com/opinion/articl…#GME#AMC
They are, in no uncertain terms, upending the entire financial market and pulling off the kinda wealth redistribution you might imagine happening in some socialist dystopia. Except they're doing it by beating Wall St at their own game.
1/ I see all you tweeting at me asking about "BLM" and "antifa" and saying "this is what you get." Let me be clear: you are out of your goddamn minds. "BLM" got teargassed and cleared out for throwing water bottles in a park. I've watched NYPD crack skulls for being cursed at.
2/ This isn't happening because Joe Biden didn't condemn George Floyd protests harshly enough in the summer. That's a bullshit hot take. He DID condemn the violence, and amongst millions of participants in those protests, there were actually very few violent incidents.
3/ Despite that, BLM protesters got a violent response across the country. Tear gas, batons, rubber bullets. A freaking grandfather in Buffalo had his head cracked on the pavement cause some clown bulled him over for standing there.
Donald J. Trump has ended America's streak of a peaceful transfer of power. That's it. That's his legacy. He refused to concede, gathered a mob on the day Congress rightfully elected his successor, and then instructed that mob to march to the Capitol and raise hell.
Nothing else he's done — none of the positive or negative — even comes close to holding a candle to this. This is the whole ballgame. He's the president who ended a flawless history of our leaders peacefully transferring power, and he should be disgraced for all time bc of it.
Anyone telling you that "Republicans didn't have a say in the election" or that "Democrats changed election laws" is flat out lying to your face. They think you are stupid.
Many of my liberal followers were upset I "gave oxygen" to the NYPost story by sharing it. A lot of people clung onto the absurd, evidence-free notion it was all a Russian disinfo campaign and Biden was totally innocent.
And maybe he is!
But I hope there's some self-reflection.
We're still yet to see evidence that Joe is tied to this. I still think the Fox News/OAN takes on the story were totally absurd and concocted to damage Joe.
But Hunter Biden has done some very shady stuff, and he appears to be in very, very hot water.