AOC considering hearing over RobinhoodApp decision to block purchasers of GME • Hacker News Board

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#41

Post by asveikau » Thu, Jan 28, 2021, 6:21 PM UTC

unethical_ban wrote: post #33

krapp wrote: post #8

Earlier quoted context omitted.

About that... https://twitter.com/AOC/status/1354848253729234944

I wish she would tone down rhetoric sometimes - There is a lot of straight-up factual fire to spit, and Ted Cruz did not literally factually try to murder her. She could have made her point without that phrasing.

He did endorse the would-be murderers. Major news networks literally played video of people on the floor of the chambers saying "Ted Cruz wants us to do this". https://www.google.com/search?q=cruz%20wants%20us%20to%20do%...

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#42

Post by lainga » Thu, Jan 28, 2021, 6:22 PM UTC

s_dev wrote: post #3

The fact that Ted Cruz and AOC completely agree on this shows you how unprecedented this all is.

Cruz agrees with AOC. AOC took the opportunity to tell Cruz he "almost had me murdered 3 weeks ago":

https://twitter.com/AOC/status/1354848253729234944

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#43

Post by Out_of_Characte » Thu, Jan 28, 2021, 6:23 PM UTC

I would never have thought that the political divide would be broken by reddit/discord "amateur" investors. Ted Cruz, AOC, Donald trump jr (Shame on twitter for banning Trump) ALL agree that it is probaly morally wrong to prevent amateur traders from betting against hedge funds.

Hedge funds shouldn't be bankrupted by a single loss like this. Its unacceptable. Capitalistic greed shouldn't be bailed out, the people bailing them out shouldn't have a position on the issue as well.

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#44

Post by kortilla » Thu, Jan 28, 2021, 6:24 PM UTC

I hope she doesn’t get involved much. Her inquiries are less about fact finding and more about owning the corps because capitalism is bad.

This will just become a stupid political grandstanding forum.

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#45

Post by tempaccount2342 » Thu, Jan 28, 2021, 6:25 PM UTC

bordercases wrote: post #24

purple_ferret wrote: post #11

You get what you pay for with a 'free' app

Trade execution was locked on TD Ameritrade (and I think Interactive Brokers?) as well.

scotia itrade has also been reporting that they're down due to the volume of trades. The 'trade' button on the toolbar is gone...

but trades are still going through if you use the 'make a trade' option in the dropdown next to the trading account balances on the accounts screen

pretty sketchy

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#46

Post by adventured » Thu, Jan 28, 2021, 6:25 PM UTC

asveikau wrote: post #41

unethical_ban wrote: post #33

Earlier quoted context omitted.

I wish she would tone down rhetoric sometimes - There is a lot of straight-up factual fire to spit, and Ted Cruz did not literally factually try to murder her. She could have made her point without that phrasing.

He did endorse the would-be murderers. Major news networks literally played video of people on the floor of the chambers saying "Ted Cruz wants us to do this". https://www.google.com/search?q=cruz%20wants%20us%20to%20do%...

And the guy that got caught telling people to assassinate AOC during the riot, blamed Trump in hindsight; while his prior tweets made it exceptionally clear that he did it of his own volition. That's called trying to blame someone else to save your own ass, blame shifting.

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#47

Post by Larrikin » Thu, Jan 28, 2021, 6:26 PM UTC

kortilla wrote: post #40

philosopher1234 wrote: post #10

Earlier quoted context omitted.

AOC is such a firebrand. I love it. Not a lot of politicians who give me the sense that they're actually fighting for me.

How does that tweet make you think she is fighting for you and not just for publicity?

Words have context around them

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#48

Post by karmakaze » Thu, Jan 28, 2021, 6:26 PM UTC

0x426577617265 wrote: post #27

vorpalhex wrote: post #9

RobinHood had to of known this was a potential outcome or they actually have the most inept management possible. I don't know how they plan on weathering this storm given how much of a public enemy they've made themselves into overnight.

Such an ironic company name given the current situation.

True colors.

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#49

Post by snarf21 » Thu, Jan 28, 2021, 6:26 PM UTC

newacct583 wrote: post #29

s_dev wrote: post #3

The fact that Ted Cruz and AOC completely agree on this shows you how unprecedented this all is.

Yes, but... they're both wrong. The trades that Robinhood blocked were objectively bad trades, and the people they stopped from buying would almost certainly have lost all that money. Now, I agree that there's a good first principles argument (and also a bad populist one) that people should be allowed to trade their own money into scams if they want. But the idea of proving damages here based on the idea that GME was…

What about the people that already bought through Robinhood and were trying to double down to maintain their position? Those people are being made to lose money too.

Re: AOC considering hearing over RobinhoodApp decision to block purchasers of GME

#50

Post by sgregnt » Thu, Jan 28, 2021, 6:27 PM UTC

s_dev wrote: post #3

The fact that Ted Cruz and AOC completely agree on this shows you how unprecedented this all is.

It's not just Robingood! I'm on Schwab and they blocked trading with GME this morning (didn't try it but SELL might still be open)