Posted on 01/28/2021 8:27:12 PM PST by SeekAndFind
Cancel RobinHood, cancel the evil Google.
Cancel the internet.
No, the distributed ‘net of yore was ok.
The concentrated, centralized ‘net of now is a pox.
Reports are coming in that Robinhood, the stock broker app, is forcibly selling shares of GameStop on behalf of some of its users. The transactions cannot be canceled and it is being positioned as mitigating “unreasonable risk” on behalf of the company as well as the investor.
Billionaire hedge funds have been taking a huge hit after a Reddit group started buying up GameStop shares in an effort to counter a massive amount of short positions. This prompted a “short squeeze” that sent the stock skyrocketing. As the dominos fell, GameStop reached a high of over $400 dollars per share, more than 10,000% higher than its low point earlier this year.
Now, it appears Robinhood and other brokers are cutting the losses of the billionaires by limiting the gains of small investors.
PING!
As “a FReeper” here commonly sayz: SPJNK...
Not necessarily promoting same. Just sayin’.
Now Google can also be listed as a defendant in the lawsuits. Since they are now a party to the crime.
yeah
RE: As “a FReeper” here commonly sayz: SPJNK...
I’m not good at abbreviations. Can you tell us what it means?
I have no sympathy for anyone foolish enough to use Robinhood. While they offer “free” trades, their execution prices are horrible and they have no customer service at all. The only way to contact them is through email or text chat, there is no way to speak with a live person at all, no 800 number, nothing!
Some People Just Need Kindness
It took me quite a while, but I think I finally got it.
YMMV...
RE: Some People Just Need Kindness
Thanks. You learn something new everyday :)
And you think this is about content moderation.
I would believe 100K legitimate bad reviews when the app restricted your ability to buy or sell while protecting hedge funds.
hear, hear
They are the ones canceling our internet.
They talk big on globalism but cannot stand competition.
Basically it has become an AOL monopoly again.... the monster Jim Robinson struck down is rearing its ugly head.
It might be good for freerepublic.
Post 9 Karma
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