A corporation unilaterally deciding and altering market conditions is a free market?
It seems plain that, at best, Robinhood has violated its fiduciary, and at worst manipulated the market. This is one of those things I've come to understand as being illegal in the same way that I know insider trading is illegal. No, I cannot cite which law makes insider trading illegal.
Maybe you're right and there is no law. I personally don't have the time or experience to go digging through legal text to treat HN like an official courthouse. We will know by the results of the lawsuits, or by a video from the Legal Eagle on YouTube.
I imagine it is, as it seems pretty close to market manipulation, I just want to be careful and understand what’s really going on.
Besides, along with individuals or corporations we should be going after the fed who really manipulates markets and steals from the poor. End the fed.
The fed argument is really nuanced and difficult. They absolutely manipulate but not all manipulation has to be bad.