Wall Street is about to see its biggest trading change in years

> “The existing two-day period to settle trades exposes investors and the industry to unnecessary risk and is ripe for change,” Robinhood CEO Vlad Tenev said in a February 2021 release. “There is no reason why the greatest financial system the world has ever seen cannot settle trades in real time.”

There’s important context missing at the end of the article. It came up at the time, but it’s a little ironic (given how much of their business relies on customers trading on margin) that Robinhood was advocating for real-time settlement, since that would dramatically limit the ability of entities to trade on margin. Delayed settlement of T+1 (or even T+1/2) allows brokers to net out trades at the end of the settlement period, rather than needing everything to be pre-funded. It’s not a technical problem that we’re not going to T+0, it’s a policy decision.

I just wanted to say that it was quite amusing that the last sentence of the article was "There is no reason why the greatest financial system the world has ever seen cannot settle trades in real time", followed immediately by the next article headline "Boeing on track to meet FAA deadline to present quality control fixes", like it that was answering to the previous question.

I tried understanding what's going on with GME, and I could be wrong. They seem to be messing around with firms trying to short the stock. Is that about the gist of it?