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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

#301

Earlier quoted context omitted.

Thousands (millions?) Of people lost money / opportunity because of the app. Then those people rate what they think of the app - that ir cannot be trusted to act in their interest. Why should Google protect them against consequences of their own decisions?

Do you expect that making money on the bubble should be quick and painless?

Do you expect a trip down the highway will be free of highway robbery? It's called "highway robbery" for a reason... If you don't like it, stay off the highway!

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

#302
post #266

Gamestop is not supported on Robinhood. I get a message -- " This Stock is not supported on Robinhood"

Oh it's "supported" if you try to sell it. They only stop you from buying.

why should they stop ? are they really allowed to ?

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

#304

Earlier quoted context omitted.

B-but what if people say mean things? :/

That's part of the Sophie's Choice. If we have private owned social media, then they will moderate according to public opinion. If we have us government run social media then we have no moderation at all because 1st amendment applies only to us government. So is it morally allowable to discuss online? Should it be law to allow or disallow ? Who decides what the majority of people consider to be abhorrent?

I think you central questions it the most important one, but the dichotomy between private and public is forced. A phone company is not forced to moderate the communication of its clients.

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

#305
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.

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

#306
post #91

Earlier quoted context omitted.

Margin accounts have capital requirements. If you’re over leveraged, they will liquidate your positions to ensure you have capital. This is standard. If people didn’t know about this, they have no business with a margin account.

1. Robinhood accounts are all margin by default. Most novice investors don't know the difference. They should, but I would wager Robinhood doesn't spend a lot of time educating people about this. 2. Long positions (buying and holding stock) aren't leveraged. There is no capital risk to holding a stock. If the sales of GME are entirely based on other positions being underwater, then sure, but it seems at least some of…

> There is no capital risk to holding a stock.

A broker can change margin maintenance requirements at any time, including for shares bought with margin. When using margin, a broker has wide latitude to liquidate positions of the account using margin.

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

#307
post #101

Earlier quoted context omitted.

The loophole here is that all new Robinhood accounts are margin accounts by default. You have to go through a process to switch from a margin account to a cash account and I suspect 95% of Robinhood's customers have no idea what the difference is or why they'd ever want to do that. So Robinhood technically is allowed to do this as per the letter of the law, and now the question is whether Robinhood is violating any f…

But how many of the accounts have larger positions in GME than equity? It doesn't make sense to margin call or liquidate someone who is good for the whole amount. Also if someone has some leverage it's not reasonable to liquidate them completely.

I am in total agreement with you, this is outrageous. I'm only speculating as to what I believe Robinhood's position is, which is that these accounts are technically margin accounts and so Robinhood has the right to liquidate them as per the account "agreement".

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

#308

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…

Maybe make Protecting free speech part our governments highest law. Maybe we could amend the law. Seriously. Lots of people love to dump on the constitution as old and not relevant. But it’s meant to restrict government and protect people’s freedom.

I'm not sure if you were trying to be sarcastic, but to your last point; I think it is overlooked (intentionally or not) that the Constitution is already a set of laws and the highest laws at that. The "Bill of Rights" is not what people have been misled to believe, a list of rights you have and are given by government. In fact, they are the bill of laws that restrain the government from infringing on the natural God given rights every American already has by birth.

Having a correct and accurate understanding of that carries a whole host of implications with it, e.g., it makes the tech companies' censorious autocratic behavior a violation of the natural God given human rights that the government is as prohibited from abridging as much as the tech companies that fall under it's jurisdiction.

What we are facing, just to continue the example to further illustrate the point, is the tech companies are violating human rights through their censorious ways and they are violating the Constitution, the highest law of the land. If the USA were still a functional and healthy society any court would issue an immediate order to require all tech companies to not violate the human rights that the Constitution prohibits any inferior jurisdiction (everything falling under the Constitution, i,e., everything) from violating. The US Code even provides penalties for the violation of the Constitutional laws that the Government and the tech companies are persistently and even maliciously violating on a regular basis.

It is rather clear that the far larger problem is the breakdown of fundamental rule of law (mutually agreed upon parameters for peace) and the replacement and encroachment of ever more rule of power (I will do whatever I want because I have the ability to make you). It will not end well one way or another if it is not fixed soon, and it does not look like those with the lust of power in their eyes have any intention of giving up anything.

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

#309

Most of the other brokerages (Schwab, Etrade, and TD Ameritrade, but NOT Fidelity and Vanguard according to the reports I am getting) are participating. According to the rumor on Reddit https://www.reddit.com/r/ClassActionRobinHood/comments/l723k... the call came from the White House.

> According to the rumor on Reddit

Well, there's a reliable source.

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

#310

Citadel reloaded shorts before RH cut off gme and the rest https://twitter.com/justinkan/status/1354853920762253315?s=2...

Virtually every large multistrat fund is short GME now. This doesn’t really mean anything.

Citadel transacts Robinhood trades and is overstretched due to Melvins stupidity

Setting a short position then cutting off trades is pretty textbook market manipulation

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