Robinhood Reportedly Selling People’s GME Positions Without Warning, Investors Sue

originally posted by: CraftyArrow
This whole Wall Street/GameStop thing is now being used to distract from election fraud.. The senate will have hearings on this for weeks on end and nothing will come of it.

Not really.
It’s the same thing.
They said ‘that your votes don’t matter,
does not matter’.

Now they are saying that you cannot vote
with your capital. It really doesn’t get more serious than this.
One and the same.

Need we be reminded that suppression of speech
was instrumental in the coup
and is being ramped up?
Can you think of anything worse?

It will be as if each of us is a hit song
from a hit record
owned by the guy who bent taylor swift over a bar
and reamed her,
and the guy lobbies the congress
to send AI mindreading drones
to log our actions just like they
listen to hit songs streaming from a bar,
and demand royalties...or just dock the ol
social credit score cuz you flouted disobedience
or voted Republican, or worse,
defend your non-progressive ideologies on alternate
(extremist) social media platforms. Whoops.
Don’t look now....there goes Parler.

What’s next? I know.
Mental fitness, to defend oneself.
Let’s use social crediting in the evaluation process, shall we.
Oh....butt swabs. Fauci through a fisheye lens each night,
smiling, saying how much nicer everything is with Trump gone,
even crying.


As long as there is a corner to back us into...

It’s the thought that counts!

# 1343

a reply to: JAGStorm

a reply to: loam

What these Reddit folks have done is only what many brokerage firms do all the time.

Hopefully this will usher in calls for and leading to more transparency!

originally posted by: Alien Abduct
a reply to: loam

What these Reddit folks have done is only what many brokerage firms do all the time.

Hopefully this will usher in calls for and leading to more transparency!

Wow! That was interesting.

Thanks.

What did people expect from a company like this?🙃🤡


twitter.com...

'Cash App', owned by Square, Inc which has @Jack Dorsey as the founder/owner, also blocked purchase of GameStop.

a reply to: loam

The IRS doesn't understand cryptocurrency and the SEC is currently taking a mostly hands off approach to it.

I don't think that, after what we've seen this week, that the smart move will be to attack the market built by regular people like you and me. Cryptocurrency has huge potential for individual liberty and sound economics. It isn't a stock, it is a means of abstracting value in a fungible and trustless fashion. It is also very early in the market and we're barely scratching at a $1Trillion overall market cap.

Cryptocurrency will be around for a long time. So far, every attempt to stifle it's growth by authoritarian governments world wide have failed. This will be no different and it is the very nature of cryptocurrency that makes this possible.

I wonder how much Robinhood was promised in exchange for this TOTAL bankruptcy of their company!

50,000,000$ maybe?

Would be too small, I would yell "GIMME 5,000,000,000 or go BUST" in the face of Wallstreet.

Remember, the name "Robinhood" will be burned forever after this. It should be a last, fat supper for the owners and employees.

a reply to: Alien Abduct

You know damn well it leads to them making less mistakes next time...just focus on holding them on this one.

a reply to: EndtheMadnessNow
SQ actually did ok today...would have traded better had there not been a war...

a reply to: ManFromEurope

Whatever it was it had to be better than an IPO or they were victims too...

a reply to: projectvxn

Keep hearing moves on slv shorts soon...we all know that's a manipulated market the R subbers can sink into. There is literally about 2m weaponized investors who want communism through any of this...and they believe it too...

a reply to: ketsuko

Billions. It cost them Billions. The S&P slid 2% amid selloffs to cover the losses on the short squeeze. Billions lost to the wealthy thanks to some autists at reddit. Thats some major wealth redistributiin.

originally posted by: Ohanka
Extreme corruption. Robinhood and Citadel directors need to be in prison for the bullcrap they pulled today.

I'm not a lawyer, but I think that from a technical perspective they are actually in the right on this one.

What people have been doing in regards to Gamestop is a kind of market manipulation. They're colluding with each other to artificially boosting the value of the company's shares. Whoever sells first is going to make a bundle of money, the price will drop dramatically and everyone else will end up with worthless shares. Robinhood is suspending trading in order to prevent people buying at this artificially high price, or cutting and running and crashing the value.

I understand that what people are doing feels right. It feels like they are screwing over the markets and giving them the middle finger, but this kind of behavior isn't good for the stock market in general. If people were to go around doing this all of the time it would lead to market instability, which would end up hurting small investors because they'd usually be behind the curve.

Think of this as being like a form of controlled panic buying. Somebody deliberately starts a rumor on facebook in order to get people to panic buy a particular commodity. It might help the sales of that commodity in the short term, but in the long run it will hurt the entire market for that comodity.

originally posted by: ManFromEurope
I wonder how much Robinhood was promised in exchange for this TOTAL bankruptcy of their company!

50,000,000$ maybe?

Would be too small, I would yell "GIMME 5,000,000,000 or go BUST" in the face of Wallstreet.

Remember, the name "Robinhood" will be burned forever after this. It should be a last, fat supper for the owners and employees.

I think that they're actually acting in the interest of their members. The share prices are going up and up, but this is based on market manipulation rather than due to the company having gained material value.

The share value will crash soon, and crash big. People who buy now will lose out significantly when the prices crash.

This feels like people sticking it to the man, but the truth is that whoever started this whole business brought shares when they were cheap and is going to sell them when they are expensive, and they are going to make a lot of money. But the people who brought after the price went up will lose out and be left with worthless shares.

It's like a pyramid scheme, the people who got on early will make money, but everybody else won't.

It's one big scam,

a reply to: AaarghZombies

Technically, i think you may be right.

However, in the real world, i honestly don't care. Why? Because it is targeting Hedge Funds that use nefarious tactics in order to make a killing - whilst screwing everyone else over.

If you are prepared to manipulate the market to make a fast buck, then you have no place complain when it happens to you.

Wall Street will have to be careful in its response too. The sheer popularity (globally) that this is causing means politicians won't be so quick to side with Wall Street - it would be political suicide.

Honestly, some of these Hedge Funds thrive on the misery they inflict just to chase a dollar. Selling shorts is completely immoral.