You probably heard it, it's all over the internet and in every news programm.
A subreddit called r/wsb short squeezed the gamestop stock. The stock went to the moon, from $5 to $400 in a few hours.
The hedge funds losing billions due to their short positions. It went so crazy, that the popular trading platform robinhood suspended buying the stock.
In the AppStore and Google playstore, thousands of negative reviews flooded the review page of robinhood. That's one way to ruin your company in a few seconds.
But what can we learn from this?
Well, single entities have the power, to intervene in the free market. That's a huge problem.
With decentralized platforms, no single person, not a company, not a state, could have done that.
This incident may have started a camprian explosion for the mass adaption for DeFi.
DeFi is for the people. Unbank the banks. It has begun.
