You are right but FB, TikTok, Instagram etc are all hogs from the second they are opened. You are downloading high quality images and videos left and right, even if you don’t look at them.

I understand why people would think it does it “in the background”. It’s because they get a simple push notification which has no effect on their battery…. Then they open it in Facebook, and even if they immediately close it, it probably downloaded 10mb of content in that half of a second.

Fidelity didnt completely restrict trades on GME, but they did increase margin restrictions on it. Almost every brokerage reacted in one way or another.

Iirc Robinhood, Webull, and IBKR were the main ones that straight up halted all trades. Schwab and TD Ameritrade were restricting volume and margin requirements.

TBF Robinhood takes all the blame when Fidelity, Schwab, and just about every other broker also halted trading on GameStop.

They were overextending themselves, but they weren’t the only ones doing it. And trading is halted on out of control stocks all the time. There actually wasn’t that much novelty to the situation besides Reddit brigades thinking they were taking on hedge funds.