Robinhood is automatically initiating GME sell orders on users' behalf
1–10 of 316 posts
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#2If they weren't leveraged, this is basically theft.
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#3Most likely margin calls.
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#4Are these users trading on margin?
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#5Wow if true, this is a huge violation of user trust
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#6> due to the unreasonable risk involved in brokering your position, we have closed your X shares of GME for an average price of Y
What in the world??
"In order to protect you from yourself, we have taken away your free will. Thanks!"
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#7Browing the top of reddit right now is really reminiscent of /r/The_Donald, particularly the shift from a bunch of 'ironic' jokers to conspiracy theories and shouty chest beating and calls for upvotes.
I'd treat anything like this with a huge pinch of salt.
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#8this is despicable.
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#9Most likely margin calls.
Yep. I’ll repeat what I said in another thread:
It’s really kind of ironic. People are knee-jerk blaming RH for closing margin positions because they didn’t fully understand how they work and the risks involved. Simultaneously, the same people are blaming RH for stepping in the way of what very certainly would have turned into a bad trade for a lot of people.
I don’t take RH’s side but it’s hard to see a winning play for them, it’s damned-if-you-do-damned-if-you-don’t.
Re: Robinhood is automatically initiating GME sell orders on users' behalf
#10I saw this on Twitter and couldn't find any sources to confirm that the e-mail screenshot is real. Take this with a pinch of salt, it might be fake.