Robinhood apparently selling people's shares ”for their own good“

Post by CivBase » Thu, Jan 28, 2021, 7:34 PM UTC

dfxm12 wrote: post #9

swyx wrote: post #4

just 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. :)

Post by headcanon » Thu, Jan 28, 2021, 7:37 PM UTC

swyx wrote: post #4

just 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.

Post by uniqueid » Thu, Jan 28, 2021, 7:43 PM UTC

xiphias2 wrote: post #16

uniqueid wrote: post #12

Earlier quoted context omitted.

Thank you. This WSB GameStop phenomenon is one of the most poisonous news stories I've seen in the history of the web. It seems to induce irrationality and melodrama as though it were a psychedelic drug.

Maybe for you it's a news story, but for many of us it's a revolution.

Post by [deleted] » Thu, Jan 28, 2021, 7:54 PM UTC

Post by mcherm » Thu, Jan 28, 2021, 8:03 PM UTC

easton wrote: post #6

But 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).