Robinhood – playing with fire

Pious sentiments about ‘democratising finance’ and sticking it to the rich guys may come badly unstuck for small chat-room investors who sent share prices soaring recently for a moribund Gameshop and lacklustre AMC theatre group. In the process they cost short-sellers a small fortune, before moving on to send the price of silver soaring to its highest level in a decade.None of the moves had much to do with underlying economic fundamentals which left analysts fearing a sharp reversal