Business
GameStop chaos shines a spotlight on Wall Street’s vulnerabilities – Sydney Morning Herald
Few would lose any sleep over a bunch of hedge funds being taken to the cleaners by a horde of mug punters but the GameStop episode points to a larger threat.
It has also triggered a range of controversies, lawsuits and the interest of senior politicians from both sides of US politics and has the potential to force regulatory change.
In the midst of the chaos is Robinhood, accused by some of favouring hedge funds on the other sides of the frenetic trading including one that is the market maker for a majority of its trade (and from which it generates the majority of its trading revenues) when it shut down or restricted trading in some of the most affected…
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