Robinhood apparently selling people's shares ”for their own good“
1–10 of 35 posts
Re: Robinhood apparently selling people's shares ”for their own good“
#2what on earth?!?!
I can understand mandatory liquidation due to margin requirements. But AFAIK those don't show up as "orders" on your account that you can see in time to try to cancel.
Re: Robinhood apparently selling people's shares ”for their own good“
#3I'm genuinely stunned that Robinhood would run over their #1 persona like this. I doubt they will ever recover
Re: Robinhood apparently selling people's shares ”for their own good“
#4just a reminder not to believe random images off the internet that can be easily doctored. its possible RH is doing this, but also doesn't make much economic sense if it is just a normal share holding. Hold out for proof. Let's not have HN spread every sensational tweet.
Re: Robinhood apparently selling people's shares ”for their own good“
#5just a reminder not to believe random images off the internet that can be easily doctored. its possible RH is doing this, but also doesn't make much economic sense if it is just a normal share holding. Hold out for proof. Let's not have HN spread every sensational tweet.
Indeed, this sounds suspect.
Confirmation should follow shortly if true.
Re: Robinhood apparently selling people's shares ”for their own good“
#6But the shares are the user's property. Isn't this theft, since the person got whatever robinhood thought it was worth without consent? (presuming the user wasn't buying on margin which probably includes an agreement that they will liquidate if you won't be able to cover reasonably).
Re: Robinhood apparently selling people's shares ”for their own good“
#7Isn't that illegal?
Re: Robinhood apparently selling people's shares ”for their own good“
#8If you read the subsequent messages, there's a strong suggestion that these are shares bough on margin call.
Re: Robinhood apparently selling people's shares ”for their own good“
#9just a reminder not to believe random images off the internet that can be easily doctored. its possible RH is doing this, but also doesn't make much economic sense if it is just a normal share holding. Hold out for proof. Let's not have HN spread every sensational tweet.
just a reminder not to believe random images off the internet that can be easily doctored.
Especially when they're trying to sell you something with the follow up tweet. :)
Re: Robinhood apparently selling people's shares ”for their own good“
#10just a reminder not to believe random images off the internet that can be easily doctored. its possible RH is doing this, but also doesn't make much economic sense if it is just a normal share holding. Hold out for proof. Let's not have HN spread every sensational tweet.
Especially when the person posting the pictures at the same time advertises for competing brokerages a bit of skepticism is advised