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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

#401

Post by timkam »

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…

> Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could be on their side.

I didn't read any such claim in my German and Scandinavian news diet, is this a US-only thing? Here, the consensus seems to be that what happens is a somewhat well-deserved embarrassment.

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

#402

Post by Quarrelsome »

krelian wrote: post #323
pdevr wrote: post #244

FWIW, Robinhood posted a statement on their blog[1]. Two snippets: >In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. Also: >We fundamentally believe that everyone should have access to financial markets. Cognitive dissonance to the hilt :) [1] https://blog.robinhood.com/news/2021/1/28/keeping…

At least for GME the stock is still rising uncontrollably. If the WSB crowd who mainly uses Robinhood can't buy then who is pushing the price up?

I feel like we're bordering on religion here (which means it doesn't have to be grounded in logic) and its possible that people who were rewarded for holding bitcoin have happily added an extra punt to this campaign. If you can click all the buttons to deal with crypto then I don't imagine its too hard to trade without Robin Hood.

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

#403

Post by throwaway0a5e »

spamizbad wrote: post #288
bko wrote: post #136

Earlier quoted context omitted.

> the powers that rule USA don't realize that soon the only tool left to common people is violence? Do you honestly believe this? Somehow we'll go from not being able to buy certain stocks to violence? Banning collecting rain water on your own property didn't do it. Abject failure of politicians keeping drinking water clean didn't do it? Not being able to buy cheese from unpasteurized milk didn't do it. Can't grow a…

What nightmare of a HOA do you have that bans rain barrels?

It's not a HOA. Several states in the southwest have laws prohibiting/restricting rainwater collection.

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

#404

Post by johnsimer »

bko wrote: post #136
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…

> the powers that rule USA don't realize that soon the only tool left to common people is violence? Do you honestly believe this? Somehow we'll go from not being able to buy certain stocks to violence? Banning collecting rain water on your own property didn't do it. Abject failure of politicians keeping drinking water clean didn't do it? Not being able to buy cheese from unpasteurized milk didn't do it. Can't grow a…

Yes.

We are near levels of inequality that caused the French Revolution to go violent.

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

#405

Post by hagibborim »

TheRealDunkirk wrote: post #87
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…

> 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.

Along these lines, bad-faith actors can plan racist messages as a pretext for banning arbitrary communities

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

#406

Post by esyir »

TheRealDunkirk wrote: post #87
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…

> 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.

Private platforms, can't do shit about them, yada yada yada.

That's bullshit.

The principle, and thus the the right to free speech is the fundamental value of a free country. Hiding behind the "they're a private company, they can do what they want" is nonsense when the vast majority of communication flows through them.

I'm wondering though what happens if section 230 was modified to only allow for filtering and removal of spam (I'm expecting wiggle here in how it's abused) and illegal content.

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

#407

Post by [deleted] »

agilob wrote: post #77
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.

It's a police tactic called Kettling https://en.wikipedia.org/wiki/Kettling

[deleted]

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

#408

Post by drewcon »

Trading stocks is not the 1st amendment where we basically say we don’t really care about the outcome of your speech (as an individual). Say what you want even if its dumb and hurts you.

With capital markets...there absolutely is a goal, and it’s not speculation/gambling. The goal is to have a place where corporations can raise capital and investors can hold them accountable for how they return value to them...and then a billion rules to make that as fair and functional (not equitable) as possible.

I don’t get the argument that what these guys are doing is somehow noble, or to be encouraged. Completely unregulated non-purposeful markets are not helpful....we did that 100 years ago...thats why we have all the rules we do to make markets function to the end.

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

#409

Post by bko »

snakeboy wrote: post #226
bko wrote: post #136

Earlier quoted context omitted.

> the powers that rule USA don't realize that soon the only tool left to common people is violence? Do you honestly believe this? Somehow we'll go from not being able to buy certain stocks to violence? Banning collecting rain water on your own property didn't do it. Abject failure of politicians keeping drinking water clean didn't do it? Not being able to buy cheese from unpasteurized milk didn't do it. Can't grow a…

I think it's important to put this in the context of many other related issues/pressures: * Increasing wealth inequality for several decades now * older generations holding onto more wealth and power in society than ever before - with a large share of their wealth in the stock market * Wall Street is seen as entirely unaccountable due to 2008 bailout * Pandemic this year has basically been a huge wealth transfer from…

To play devil's advocate....

> Increasing wealth inequality for several decades now

TV talking heads bemoan about this, but billionaires still remain the most admired people in this country (Trump, Musk, Gates, etc).

> older generations holding onto more wealth and power in society than ever before - with a large share of their wealth in the stock market

If there was anger at the older generation, we wouldn't have so many sacred cows regarding older people (social security and medicare). Average age of senator and house member has been growing over time. Hell, we just elected a 78 year old as president. How about before the revolution we just start with voting for younger people

> Wall Street is seen as entirely unaccountable due to 2008 bailout

Most people don't remember this. I'm surprised how rarely its actually discussed

> Pandemic this year has basically been a huge wealth transfer from normal people and small businesses towards large conglomerates and the wall street hedge funds who back them

This is mostly true but people don't see it that way. They're too busy yelling at people that refuse to wear masks or people that are forcing others to wear masks.

> Institutional trust is at historic lows, while online spaces become more and more regulated by those same institutions

Again, we elected a 40+ year veteran politician. House and Senate re-election rates are still 85%+ and we're ceding ever more of our authority to the [health] experts.

[0]https://www.washingtonpost.com/news/wonk/wp/2014/04/01/yes-c...

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