I can confirm interactive brokers is doing the same thing. Looks like collusion from the top.
Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
261–270 of 1001 posts
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#262Earlier quoted context omitted.
So FYI, the Reddit WSB "shutdown" was temporary and on purpose (by the mod admins) to clean up the page a bit. It was private for an hour or two and back up. Discord, not so. Looking at the financial backers of Discord, you can pretty quickly draw a link to the short sellers. Presumably some phone calls or dinners were had last night and strings were pulled to shut the discord down.
> Looking at the financial backers of Discord, you can pretty quickly draw a link to the short sellers. Mind elaborating on this?
https://www.reddit.com/r/wallstreetbets/comments/l6n4ay/the_...
Quote:
Discord has had significant investment from private equity funds including FirstMark Capital, Greenoaks Capital Partners, Index Ventures, IVP, Greylock Partners, Benchmark, Accel, General Catalyst, Ridge Ventures, Spark Capital, and Tencent Holdings. At least one of these firms has invested with Point72 Ventures, which recently helped Melvin Capital.Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#263Earlier quoted context omitted.
> the powers that rule USA don't realize that soon the only tool left to common people is violence? What's even more concerning to me is that, to platforms looking for an excuse, your comment could be painted as trying to "incite" violence, and used as a justification to ban you.
There's not any real reason to be concerned about this. Not yet, at least. Furthermore, this comment is offensive. Let's please not pretend that Facebook and Twitter were "looking for an excuse" before deplatforming Trump. They were entirely justified and would have been justified in doing so many years before they eventually did so. Let's also not put the word "incite" in dick quotes barely three weeks after an insu…
I believe SMBC says it well: “I’m offended” is a much more useful concept than “it’s offensive.”
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#264Earlier quoted context omitted.
> the powers that rule USA don't realize that soon the only tool left to common people is violence? What's even more concerning to me is that, to platforms looking for an excuse, your comment could be painted as trying to "incite" violence, and used as a justification to ban you.
The WSB sub is almost certainly going to get banned by Reddit. Given the track record Reddit has of keeling over to public pressure, there is no way they are going to stand up to the SEC.
Just looking at this from a technical perspective, it'll be pretty exciting if all this ends up leading to an explosion in the take up of self-hosted social media platforms.
The question is, will the creators of these communities trust cloud providers where the platforms are hosted to not de-platform them, or will we end up with P2P, distributed networks instead?
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#265This is unbelievable. If there ever was a time to be outraged. This is naked corruption as usual hiding under the shabbiest veil of virtue. RobinHood traders can bankrupt and kill themselves, and that is fine, we will continue prodding them to trade more often, but once we get a call from one our hedge fund buddies, moaning about the rubes stopping him from raping another company, we will shut the rabble down.
It could also be RobinHood trying to avoid their traders bankrupting and killing themselves by restricting them from buying gamestop etc. shares at 10x what they are worth.
A stock market trading app, for consumers, trying to protect consumers by... not letting them buy stocks? If Robin Hood cared about consumers, they probably wouldn't have given them credit that they could then go buy options with.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#266Excuse my ignorance but can this not be considered manipulating the market ?
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#267This 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…
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.
> It’s a pretty classic tactic in the history of conflict
Yes when executed by a single coherent entity.
This is not it, unless you believe there is a powerful cabal controlling twitter, facebook, robinhood, discord etc.
They are all doing it independtly to limit the legal and/or financial risks for themselves. Getting people to "strike first" is not the intent, saving $ is the intent here.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#268Earlier quoted context omitted.
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.
It may displace the billionaires who run banks, hedge funds, etc... and replace them with billionaires who own huge mining farms. Bitcoin doesn't solve any of our problems. It just shuffles around who's in power.
That keeps the people in power wary from abusing it. What do you propose instead? Lulz
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#269This is unbelievable. If there ever was a time to be outraged. This is naked corruption as usual hiding under the shabbiest veil of virtue. RobinHood traders can bankrupt and kill themselves, and that is fine, we will continue prodding them to trade more often, but once we get a call from one our hedge fund buddies, moaning about the rubes stopping him from raping another company, we will shut the rabble down.
Ah yes, speculate, and then be outraged from your own unfounded, evidence-less, conclusions... should we storm the Capitol next, because we are dead certain the election was stolen?
You can be outraged without donning a pair of horns and running through the capitol with a stolen lectern. This kind of overcharged rhetoric gets us nowhere when rhetoric is all we have to solve the problem.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#270This 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…
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