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Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

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Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#441

Post by 974373493200 »

speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

> the powers that rule USA don't realize that soon the only tool left to common people is violence?

I think creating and using decentralized alternatives beyond the control of the state and affiliated corporations is a much better tool for creating lasting change. Violent revolutions tend to just replace (or restyle) the ruling class without significant changes to their behavior.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#442

Post by 77pt77 »

speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

> the powers that rule USA don't realize that soon the only tool left to common people is violence?

They do realize that and are confident that they will win. In the end it boils down to that.

In here we have a case of the wrong people succeeding at a game that de jure is supposed to be open to everyone but de facto is only open to the right people.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#443

Post by qaq »

JumpCrisscross wrote: post #385
wyldfire wrote: post #26

Can someone help me understand Robinhood's POV? This just seems so outrageous that there must be some sane rationale that I'm not seeing. Why do Robinhood, Reddit, Discord, etc feel like they have to respond to this? Whether the investments being made are responsible or not, it doesn't seem like it should be their place to intervene. If the hedge funds over-shorted GME and WSB recognized that and traded against that…

> Can someone help me understand Robinhood's POV? Robinhood is a margin-lending options-trading broker. If a customer falls down on a trade, it is ultimately liable. If a retail customer loses money and makes a FINRA complaint that Robinhood induced them to buy through its gameified interface, it is liable. Risk and compliance likely made this call. Also, Robinhood makes its revenue from market makers. They are the c…

Hedgefunds are real Robinhood customers buying their order flow. They go belly up Robinhood looses their actual source of income plus Robinhood lent them a ton of stock to short so they are on the hook too.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#444

Post by henriquez »

tiahura wrote: post #381
rvz wrote: post #172

Earlier quoted context omitted.

Yes. You can now see the true extent of their tricks and possible ways of shaking the WSB traders. Obviously these large guys are using their influence and connections to drive FUD, lies and fake news to frame their enemy / target (/r/WSB) to give in and sell. Even the stock brokers are in on it. All of this to protect the losses of the irresponsible and the greediest of hedge-funds and short-sellers. Best part? They…

Am I the only one who see's parallels between the above paranoia and "the election was stolen and they're not even hiding it?"

Yes

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#445

Post by sandworm101 »

TheRealDunkirk wrote: post #87
speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

> the powers that rule USA don't realize that soon the only tool left to common people is violence? What's even more concerning to me is that, to platforms looking for an excuse, your comment could be painted as trying to "incite" violence, and used as a justification to ban you.

>> only tool left to common people is violence?

I am genuinely interested in the physicality of how that would play out. A mob with pitchforks makes a run at a Facebook HQ. Do they kidnap employees until they find one with the access to re-initialize the account? I guess they would have to keep the hostages forever, else the accounts be disabled again the next day. Do they setup a camp outside with the declared intent to launch an attack should certain accounts not get enough likes? How long could that last? Or do they break into a datacenter and attempt to do it themselves? I'm reminded of that iMac scene in Zoolander.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#446

Post by djrogers »

EGreg wrote: post #435
zarkov99 wrote: post #37

This is unbelievable. If there ever was a time to be outraged. This is naked corruption as usual hiding under the shabbiest veil of virtue. RobinHood traders can bankrupt and kill themselves, and that is fine, we will continue prodding them to trade more often, but once we get a call from one our hedge fund buddies, moaning about the rubes stopping him from raping another company, we will shut the rabble down.

Hey, crowd, you are not allowed to buy up the stock like that! Someone is gonna get hurt on the way down! “Here let us help you” — closes down exchanges, panic sell — “isn’t that all better?” People with their money stuck and unable to cash out... so much better eh? I smell a huge class action lawsuit

Well, to be fair - they are at least allowing sales, just not purchases.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#447

Post by rcxdude »

Lasher wrote: post #279

Mods on WSB are catching a lot of flack for closing a thread asking for alternative brokers (no idea why) and for commenting in another sticky not to go and write bad reviews for the brokers limiting trades. I fear they are about to get a harsh lesson in what happens when the mob you are leading turns against you.

I get the impression the mods on WSB aren't really leading the whole thing, just trying to moderate a particularly hard to moderate community.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#450

Post by MrMan »

koheripbal wrote: post #182
TheRealDunkirk wrote: post #87

Earlier quoted context omitted.

> the powers that rule USA don't realize that soon the only tool left to common people is violence? What's even more concerning to me is that, to platforms looking for an excuse, your comment could be painted as trying to "incite" violence, and used as a justification to ban you.

The WSB sub is almost certainly going to get banned by Reddit. Given the track record Reddit has of keeling over to public pressure, there is no way they are going to stand up to the SEC.

I think its fine that the SEC attempts to clean up stock manipulation schemes. The reason anyone cares is that you can lose all your money playing around in the market, and the SEC is responsible for trying to keep people from being taken advantage of, and in cases like this swept up in manias.
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