Prediction: the reason why Robinhood has been forcefully closing out client's GME positions will turn out to be because some or all of those GME positions didn't actually exist.
Unlike Bitcoin, there's no way for average investors to know if the numbers on their screen correspond to actual shares. You need crypto for that.
I'm not 100% confident this type of fraud and/or incompetence is happening. But I'll give it >50% probability.
@pete Total short GME positions were 130% of total shares as of this morning. Since shorting is just (1) borrowing a stock and (2) selling it to someone else, this means that total long positions had to be at least 230%.
So, yeah. Most of these shares do not exist.
