Robinhood Under Fire After Flip-Flopping on GameStop Shares: What Role did Tech Play?
Cut off from others by the pandemic, many sought community online. One place they found it is r/WallStreetBets, a forum on Reddit where stock-trading members helped drive shares of GameStop, a struggling video game retailer, to staggering heights, and juiced the value of obscure firms.
“I’m questioning the ethics of their overall business model,” said Ann Skeet "Anonymous posters artificially inflating stock prices are difficult to hold accountable."
Ann Skeet, senior director of leadership ethics, quoted in the San Francisco Chronicle.
Jan 28, 2021
Jeff Roberson/AP Photos