They will have to destroy wall street to do that. The system is so rigged with computers that distances to wall street determine land value - not because of real estate but because of data latency. Data centers in wall street are puked with colocated financial servers. Criminal cases have used the speed of light to prove insider trading happened because of a nanosecond. Volume trading determines the market.
Ending trading would be catastrophic. But that might be what they want. A reason to stop propping up the failures.
The propaganda machine, however, will put every shill on overtime to blame the casual retail investor for wall streets failures to be rational.
The core of gamestops value is it was shorted 140%. Investors didn't believe it was worth less than zero, do they buy. And shorts are forced to drive it up. It went from $4 to $500 because it's true, the company isn't worth negative dollars. It's still shorted at 139% meaning it will go up a lot more
They will have to destroy wall street to do that. The system is so rigged with computers that distances to wall street determine land value - not because of real estate but because of data latency. Data centers in wall street are puked with colocated financial servers. Criminal cases have used the speed of light to prove insider trading happened because of a nanosecond. Volume trading determines the market.
Ending trading would be catastrophic. But that might be what they want. A reason to stop propping up the failures.
The propaganda machine, however, will put every shill on overtime to blame the casual retail investor for wall streets failures to be rational.
The core of gamestops value is it was shorted 140%. Investors didn't believe it was worth less than zero, do they buy. And shorts are forced to drive it up. It went from $4 to $500 because it's true, the company isn't worth negative dollars. It's still shorted at 139% meaning it will go up a lot more