Carzy Zarx’s PC Gaming Emporium - Catch Up on All the Latest PC Gaming Related News

[JEMC]

Bofferbrauer2 said:

My god Robinhood, what are you doing???

So the hedge funds want to cover their losses from shorting Gamestop... by shorting AMD, so they can get a double whammy: money from both the increase between the original buy and the short, and from the shorting itself.

So, what does Robinhood do to protect their big money? Limit your buys of AMD shares to exactly 1 per day. One. Share. Per. Day. OF AMD. A stock that has been Ryzen since even before Zen got released in 2017, so practically 5 years straight. And which has a HUGE fanbase on the internet.

That will go over well...

https://hothardware.com/news/amd-robinhood-gamestop-gme-shorts-wallstreetbets

That ain't good news for us.