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Robinhood now has a 1-Star rating on the Google Play Store

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Re: Robinhood now has a 1-Star rating on the Google Play Store

#512

The reason why this happened is that their clearing house stopped fulfilling their orders (totally out of their control,) but Robinhood bungled this so badly, I honestly wonder if they'll ever recover. WeBull had to do the same thing but they have a clear reason rather than "protecting investors" etc.

Riddle me this, who is Robinhood's clearing house?

I do agree Citadel, which I believe helped out one of the hedge funds in trouble form the short squeeze, being the clearing house is a "moral hazard" and a conflict of interest.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#514

One of the good things I see coming out of Robinhood blocking trading, Twitter and Reddit booting problematic users, Parler getting vaporized, etc. is a sudden realization amongst people of just how easily major parts of their lives can be instantly turned off by intermediaries. My hope is that this will drive a reformist movement around digital rights (speech, commerce, etc.) As well as a movement from platforms to…

I doubt it. Robinhood is now citing misinformation as the reason to "protect its users". Misinformation and disinformation are really the weapons of mass destruction. Cite it, and you get your superpower. Twitter does it. FB does it. Media, oh media loves it. So, what's wrong with Robinhood again?

Re: Robinhood now has a 1-Star rating on the Google Play Store

#515

Is there actual proof they colluded with Citadel, or is that just speculation? I'm very confused?

What would that proof look like? Even if it was 100% what happened, I wouldn't hold my breath to see actual proof.

Proof to me is more than Justin Kan tweeting out he heard that Citadel and Robinhood are working together ...

Re: Robinhood now has a 1-Star rating on the Google Play Store

#516
post #221

Earlier quoted context omitted.

Robinhood is one of many brokers. If you sell GME through RH, the buyer can come from anywhere.

First, RH aren't the only ones blocking GME purchases. Second, if popular trading platforms artificially block demand, it becomes a self fulfilling prophecy, and the stock is going to plunge by this action alone. Given Citadel's involvement, this is blatant market manipulation, and I hope people go to prison for this. Ftr, I never traded individual stocks, so I'm not affected, but this is still bullshit.

I misunderstood your initial statement. I interpreted it to mean there would be no buyers, anywhere.

Regarding you theory, I don’t know if it’s blatant but I agree it’s suspect.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#517
post #458

Earlier quoted context omitted.

It's belief in the lack of a supernatural deity. Subtle difference, as required by the topic.

That doesn't quite work. I'm not a stamp collector. Does that mean I lack a stamp collection, or do I have a collection of a lack of stamps? If I am asymptomatic, is there a lack of symptoms, or is my symptom the lack thereof?

If you believe stamp collectors are the source of all evil in the world, and congregate with other anti-stamp collectors to share your common struggle, maybe.

It's one thing to not believe in unicorns, it's another to define yourself in opposition to unicorn believers, which many atheists do.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#518

Earlier quoted context omitted.

It's belief in the lack of a supernatural deity. Subtle difference, as required by the topic.

I don't go to a building and dance and sing to my belief of no diety. I do not go and seek out others who believe in the lack of a diety to associate and grow together. I don't go on to claim wars over the land holy to my belief of no diety. I don't go on to terrorize my children and tell them they are unloved because they're born in a way that offends my belief in the lack of a diety. I don't go on to terrorize my n…

You will find that your statements are easily flipped if you are truly honest in looking for answers.

My intention is not to paint with a wide brush, just to demonstrate that everyone has beliefs, and they manifest in different ways.

>>>>I don't go to a building and dance and sing to my belief of no diety. ( I believe seculars call it a rave.)

>>>>>>I do not go and seek out others who believe in the lack of a diety to associate and grow together. (any number of activities can fall in this category in fact)

>>>>>>I don't go on to claim wars over the land holy to my belief of no diety. (I believe are referring to Bush/Obama nation-building)

>>>>>> I don't go on to terrorize my children and tell them they are unloved because they're born in a way that offends my belief in the lack of a diety. (I believe you are referring to the secular terrorism, that is human-to-human, i.e. calling others "Deplorables" )

>>>>>I don't go on to terrorize my neighbors and tell them they are unloved because they offend my belief in the lack of a diety. (see above)

>>>>>I don't go to other people who have different beliefs and tell them they are wrong due to their belief in a diety. And that my belief is the only way they can be saved. (I believe there is no need to say X is wrong when instead they resort to shut them up #cancelculture)

Atheism is not a religion, but it is a belief system like any other. It may appeal to logical people, but that doesn't make it better or worse. Its just a different way to perceive the world around you.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#519
post #372

Earlier quoted context omitted.

It's a bubble. Bubbles pop. Robinhood's argument would be that they prevented harm to investors by preventing them from putting money into a bubble that was going to pop anyway. As soon as this hit the news you got all kinds of regular people wanting to get in on the action, not connected to WSB.

Bubbles do pop, and this was clearly a bubble but this was not a popping bubble. This was someone picking up their ball and going home. They can make whatever argument they want, we will see how it is litigated out. It was a clear coordinated action though across several brokerages.

I read that GameStop was at one point worth $24B. Do you really think that's a realistic valuation? This bubble was always going to pop, the question was not if but when.

Sure let r/WallStreetBets and Wall Street battle it out. But I don't think that you are accounting for the ordinary people who would read about an amazing way to get rich quick in the news and decide to buy in. That's when the real bubble starts.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#520
post #369
post #263

Earlier quoted context omitted.

That's just it though, Robin hood didn't delist gamestop. They just decided arbitrarily that their users are only allowed to sell it. Coincidentally, this is a move that highly benefits a major partner of theirs.

That connection is like 3 degrees of separation at best, though. Robinhood sells order flow to a number of market makers, one of which is Citadel Securities [1]. Citadel Securities is part of the Citadel group, which consists of a hedge fund (Citadel LLC) and a market making firm (Citadel Securities LLC) [2]. While both companies are owned by Ken Griffin and share many resources, they are split by a "Chinese Wall" [3…

Because they risk running of being short squeezed in those stocks as well? Last time I check, big money isn't exactly throwing itself at airlines, mobile areas other than Android or iOS, and cinemas, even though two of those are bound to pick up later this year once covid is over and Black Berry is in talks with Baidu, which you can't ignore.

The big guys know all this, only they were hoping to short, make a profit, and then reinvest down the road when things picked back up, making even more money. WSB just capitalized on their strategy and now that they are losing, they are throwing a fit.

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