Except for the fact that lawmakers had zero reason to crack down on it. Only the wise and specially educated could comprehend how any of the market works. The poors are incapable of understanding charts and positions because it's so difficult. Only us in the ivory tower can keep the market stable and understand what companies actually deserve investment.
Part 2, again, you've never been on WSB for even 1 minute. At every part of this venture, everyone says this is a terrible profit venture. Everyone on wsb shows off their losses and calls it "loss porn". The only gullible folks are the ones listening to the media. Namely CNBC. Theyre the ones pushing the profit narrative, not wsb. This was more to screw over predatory short sellers and to help a few struggling companies people like. AMC for example, got to leverage their boost in stocks to have a fighting chance to survive through 2021. Effectively holding off bankruptcy for now. Gamestop is now able to position themselves to fight through the next few years.
A lot of people want GameStop to succeed and join the ranks of Netflix and Amazon. Retail investors that bought a few shares now have a tremendous amount of goodwill and loyalty towards the company.
Many people, or Americans at least, that don't have any savings are not going to experience 'massive financial damage' from buying a few GME shares and seeing them drop in value. It might sting for a bit, but so does getting a tattoo (which is a bigger waste of money.)
Part 2, again, you've never been on WSB for even 1 minute. At every part of this venture, everyone says this is a terrible profit venture. Everyone on wsb shows off their losses and calls it "loss porn". The only gullible folks are the ones listening to the media. Namely CNBC. Theyre the ones pushing the profit narrative, not wsb. This was more to screw over predatory short sellers and to help a few struggling companies people like. AMC for example, got to leverage their boost in stocks to have a fighting chance to survive through 2021. Effectively holding off bankruptcy for now. Gamestop is now able to position themselves to fight through the next few years.