Maybe Robinhood's mission of democratizing finance is succeeding. The locus of power is being sucked out of Wall Street into a lumbering giant in the hills. My question is: how isn't this the most useful outcome for the most people?
The public now has access to information and means of trading at a level that was never before possible.
All the funds must be crazy upset since their once cornerd industry, gated by terminology, tools, information and institutional knowledge is suddenly far less valuable.
This at its core is exactly how a market should work. People made stupid trades, and a bunch of others figured it out and called them out. Perfect self regulating behavior but only possible due to the massive expansion of access to information and tooling by individuals.
What WSB and similar communities do is no different than a fund manager going on the news and stating their recent positions and reasoning.