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Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

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Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#91

Post by voteflipper »

shut_it_down wrote: post #39
wyldfire wrote: post #26

Can someone help me understand Robinhood's POV? This just seems so outrageous that there must be some sane rationale that I'm not seeing. Why do Robinhood, Reddit, Discord, etc feel like they have to respond to this? Whether the investments being made are responsible or not, it doesn't seem like it should be their place to intervene. If the hedge funds over-shorted GME and WSB recognized that and traded against that…

One of Robinhood's main business partner is Citadel (RH sells their order flow to Citadel). Citadel is also the firm that has bailed out Melvin Capital, one of the hedge funds that took a huge short position in GME. Probably just a coincidence.

I keep seeing this pop up everywhere; Citadel != Citadel Securities

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#93

Post by justaman »

JohnJamesRambo wrote: post #66
Dem_Boys wrote: post #38

This whole Game Stop situation has made the power of the rich so obvious and disgusting. They temporarily shut down the market, banned the discord server, and are now preventing people from buying stocks on the most popular app used by small time investors. All of these moves hurt the small time investor trying to cash in on the next bitcoin-like bubble. This just creates more division, more disgust, and more of a cl…

Just invest in Bitcoin now, it is going to do the same thing in a few months. And it can’t be censored like this. I admire the gme crowd’s efforts but they are so misguided. Investing in zombie companies we actually hate is pointless. Yes you might bankrupt a hedge fund or two but the system will continue. Bitcoin was created for the disruption to the corrupt financial system that they are seeking.

I'm hesitant to invest in an alternative currency that the CCP is one of the largest holders of as a means to stave off corruption.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#96

Post by xur17 »

JohnJamesRambo wrote: post #66
Dem_Boys wrote: post #38

This whole Game Stop situation has made the power of the rich so obvious and disgusting. They temporarily shut down the market, banned the discord server, and are now preventing people from buying stocks on the most popular app used by small time investors. All of these moves hurt the small time investor trying to cash in on the next bitcoin-like bubble. This just creates more division, more disgust, and more of a cl…

Just invest in Bitcoin now, it is going to do the same thing in a few months. And it can’t be censored like this. I admire the gme crowd’s efforts but they are so misguided. Investing in zombie companies we actually hate is pointless. Yes you might bankrupt a hedge fund or two but the system will continue. Bitcoin was created for the disruption to the corrupt financial system that they are seeking.

This does make the advantages of stuff like Ethereum dexes (uniswap, etc) a lot more obvious.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#98

Post by boredumb »

speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

"Pick the target, freeze it, personalize it, and polarize it."

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#99

Post by vincentmarle »

snowwrestler wrote: post #36

Brokers are worried about their legal exposure at this point. They could face lawsuits from investors in Melvin and other hedge funds, who will allege that the brokers knew they were facilitating intentional financial harm. It doesn’t matter if these are likely to fail; they are expensive lawsuits to defend against and therefore may result in settlements. And they could face class action litigation from trial lawyers…

> They could face lawsuits from investors in Melvin and other hedge funds

Wait until Robinhood sees the class action lawsuit

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#100

Post by foobarian »

the_drunkard wrote: post #61
ceilingcorner wrote: post #46

Earlier quoted context omitted.

It’s a pretty classic tactic in the history of conflict. By pushing your opponent into a tight position, you force him to strike first, thus giving you complete justification in your disproportionate response.

That tactic worked out well during the French Revolution...

Give the Revolutions podcast by Mike Duncan a listen. The French revolution was not what it seems... it was elites vs. elites, not peasants vs. monarchy.
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