Are investors suing for the right to be the biggest fool in a pump and dump scheme?
The consequences of not buying GameStop is that the investor has more cash in their account which doesn't change in value. Most of those who would have bought around the peak would have lost a lot of money.
If Robinhood prevented investors from selling their shares or closing their positions then that would be grounds to sue. Investors were exposed to an extremely volatile stock with no means to exit and could have lost everything in that scenario.
I think you are minimizing the extent of Robinhood's perfidity. Almost all fiduciaries would have advised and blocked such trades but Robinhood can't decide to become a fiduciary on a whim. Robinhood was interfering in a decision made by a user . What if your calendar decides you shouldn't be dating a particular person ?
Are investors suing for the right to be the biggest fool in a pump and dump scheme?
The consequences of not buying GameStop is that the investor has more cash in their account which doesn't change in value. Most of those who would have bought around the peak would have lost a lot of money.
If Robinhood prevented investors from selling their shares or closing their positions then that would be grounds to sue. Investors were exposed to an extremely volatile stock with no means to exit and could have lost everything in that scenario.