It was not the Robinhood traders. Miyoshi Son doubles down on his bet on technology companies. His private unicorns collapsed in venture valuation, so he needs to pump up the public collection to artificially inflat (peg) his private unicorns valuation. Its the last desperate “all in” act, fake it till you make it.
The greatest showman of our time, the ultimate scam and bubble. How one man with access to money flow from unlimited QE can bring down the whole system.