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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 c

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.

tim333 6y ago
It could also be RobinHood trying to avoid their traders bankrupting and killing themselves by restricting them from buying gamestop etc. shares at 10x what they are worth.
- llampx 6y ago
  Suuuuuuuuure
- zarkov99 6y ago
  How could that possibly work, ever? If RH can stop me from making a trade they deem bad, why don't they just trade on my behalf? This is nonsense. Any pretense of caring for their users could be faked by simply putting a banner up on the forbidden securities. They do not care one iota beyond being able to generate fodder for the hedge funds who pay their bills.
- deleted 6y ago
  [deleted]
- Tenoke 6y ago
  That's indeed what they are claiming but it's pretty clearly just the easiest excuse they can give no matter the reason. Similar to how it's the easiest reason for discord to say they are banning wsb because of bad language. https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility https://blog.robinhood.com/news/2021/1/28/keeping-customers-...
- alexggordon 6y ago
  A stock market trading app, for consumers, trying to protect consumers by... not letting them buy stocks? If Robin Hood cared about consumers, they probably wouldn't have given them credit that they could then go buy options with.
  - deleted 6y ago
    [deleted]
- ddevault 6y ago
  Robinhood explicitly disavows itself of that responsibility. Quoting from their literature: > If you are interested in opening an account where you do not receive recommendations or advice about whether to buy or sell investments or investment strategies or account monitoring, and you make all of your own investment decisions, then a self-directed brokerage like ours could be the right fit for you. Robinhood Financial does not have account minimums for any brokerage accounts. Robinhood Financial does not provide recommendations. We are not subject to a fiduciary duty to you and do not monitor or manage your account, including the monitoring of brokerage account investments, unless we state otherwise in writing. Since we do not provide recommendations and you must make all of your own investment decisions, the licenses, education and other qualifications of our financial professionals will not be relevant to your investment decisions. Robinhood Financial professionals are available only to provide account support through an online email system. If you choose our services, you must be comfortable with investing your assets on your own.
- KyleJune 6y ago
  They are artificially reducing the buying volume. Anyone that bought GameStop recently on their platform is now stuck holding the bag or selling for less than it currently would be worth if they were not artificially reducing the buying demand. How do you think people that bought in over $300 feel now that Robinhood has done this? They made a decision knowing about the volatility and that it is likely to go up further due to short squeeze. Now RobinHood has changed the game in after-hours with no warning.
- slingnow 6y ago
  You realize Robinhood allows you to buy Dogecoin as well, right? Do you not see the hypocrisy?
  - boringg 6y ago
    It does? Amazing.
netsharc 6y ago
Ah yes, speculate, and then be outraged from your own unfounded, evidence-less, conclusions... should we storm the Capitol next, because we are dead certain the election was stolen?
- zarkov99 6y ago
  You know, one day this sort of thing will happen to you or someone or something you care about, and you will instantly be enlightened on the dangers of unchecked power.
  - netsharc 6y ago
    Oh my god, is Deep State Biden going to make legislation that my children will have to be taken to Epstein's island where he's alive and well? Maybe take the money for their tickets out of my bank account as well. God damn, everyone's lost their minds...
- listless 6y ago
  You can be outraged without donning a pair of horns and running through the capitol with a stolen lectern. This kind of overcharged rhetoric gets us nowhere when rhetoric is all we have to solve the problem.
  - netsharc 6y ago
    My rhetoric? Meanwhile guy I was replying to has made up a story in his mind and is dead fucking sure that's what happened...
frongpik 6y ago
What matters is the lower 50% (aka the poor) get to see, for a brief moment, how the machine really works. WallSt will get their way this time, but I doubt those people will just live as usual with the gained knowledge.
- ChicagoBoy11 6y ago
  We all collectively saw Wall St. dip into our pockets in 2008 yet here we are, aren't we?
  - miloignis 6y ago
    I believe the government and taxpayers made money on the bailout, see sources like: https://projects.propublica.org/bailout/ https://projects.propublica.org/bailout/ The financial institutions got themselves in a bad spot, and instead of failing they were helped out, but they paid it back with interest.
notacoward 6y ago
Please don't use rape as a metaphor.
- cambalache 6y ago
  Yeah, also add to the list: Kill, maim, torture, force, destroy ...
  - neals 6y ago
    Yes, I agree. Also add to the list: laugh at, look at, downvote, whisper, cough and point to. All of this triggers my poor snowflake millenial mind.
- paulddraper 6y ago
  Why?
  - rirarobo 6y ago
    Because sexual abuse is a visceral trauma real to many people, by some estimates 1 in 3 women and 1 in 6 men have experienced sexual abuse. Those who have experienced sexual abuse also face higher risks of PTSD, drug abuse, suicide, and many other challenges. They also often never report their abuse, never discuss it with others, and suffer lifelong emotional distress at higher rates than for any other violent crime. Consequently, sexual violence is not treated lightly in most public discourse. In that sense, it is simply a common courtesy.
    - paulddraper 6y ago
      > sexual abuse is a visceral trauma No argument. It's because of negative attributes it's being used in that analogy.
      - rirarobo 6y ago
        That's true, when used, it is generally for dramatic effect. Another response mentioned words like "kill, maim, torture, force, destroy", which also may be used for dramatic effect. I imagine that one criticism of such word choices might be that they lead to sensationalism or hyperbole. However, the use of sexual violence in analogy is unique in comparison to those examples, precisely because sexual abuse is a trauma that has been experienced by so many, unlike being killed or tortured. While I mentioned rates of general sexual abuse in my previous comment, rates for forced penetration are particularly relevant, about 1 in 5 for women and 1 in 70 for men [1]. The gender disparity in such rates is important, since it helps explain why different genders have different attitudes regarding this issue. For example, some studies show that women find sexual violence related humor to be significantly less enjoyable than men, perhaps unsurprisingly. Meanwhile, others show that men's enjoyment of such humor is positively correlated with self reported likelihood of forcing sex [2]. Given this gender imbalance, it's not surprising then that the acceptability of such language would be significantly affected by the demographics of the audience. In male dominated environments it would be less likely that many would raise objections, and thereby more likely that the group would ultimately accept such language (in fact, the parent comment to your "Why" question has now been flagged and hidden while the original analogy remains). However, as the audience increases in size and diversity, it will be more likely that there will be objections to such language. This is a long way of saying that sexual violence is not treated lightly in most public discourse, while clarifying that by "public" I mean an audience with demographics reflecting the general population, particularly a balanced distribution of genders. The analogy above may be accepted here or on a forum like r/wallstreetbets, but it would likely be seen as less appropriate on a public earnings call.
EGreg 6y ago
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
- djrogers 6y ago
  Well, to be fair - they are at least allowing sales, just not purchases.
  - EGreg 6y ago
    To be fair - this would be called illegal market manipulation (pushing stocks in a downward direction)
  - joncrane 6y ago
    How convenient that people are now "allowed" to close their positions, now that the number of counterparties to that trade is dramatically reduced...
  - ngngngng 6y ago
    Who do you sell to if purchases aren't allowed?
    - Brystephor 6y ago
      other brokers still allow buying of gamestop stock. This is purely robinhoods decision to block trading using their app. There is no official market wide block.
      - ineedasername 6y ago
        The problem is that much of the buy demand seems to be on the retail side. But the retailers have shut that down, so you're left selling to a portion of the market that has the lease demand for what you're selling.

tim333 6y ago

It could also be RobinHood trying to avoid their traders bankrupting and killing themselves by restricting them from buying gamestop etc. shares at 10x what they are worth.

llampx 6y ago
Suuuuuuuuure
zarkov99 6y ago
How could that possibly work, ever? If RH can stop me from making a trade they deem bad, why don't they just trade on my behalf? This is nonsense. Any pretense of caring for their users could be faked by simply putting a banner up on the forbidden securities. They do not care one iota beyond being able to generate fodder for the hedge funds who pay their bills.
deleted 6y ago
[deleted]
Tenoke 6y ago
That's indeed what they are claiming but it's pretty clearly just the easiest excuse they can give no matter the reason. Similar to how it's the easiest reason for discord to say they are banning wsb because of bad language. https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility https://blog.robinhood.com/news/2021/1/28/keeping-customers-...
alexggordon 6y ago
A stock market trading app, for consumers, trying to protect consumers by... not letting them buy stocks? If Robin Hood cared about consumers, they probably wouldn't have given them credit that they could then go buy options with.
- deleted 6y ago
  [deleted]
ddevault 6y ago
Robinhood explicitly disavows itself of that responsibility. Quoting from their literature: > If you are interested in opening an account where you do not receive recommendations or advice about whether to buy or sell investments or investment strategies or account monitoring, and you make all of your own investment decisions, then a self-directed brokerage like ours could be the right fit for you. Robinhood Financial does not have account minimums for any brokerage accounts. Robinhood Financial does not provide recommendations. We are not subject to a fiduciary duty to you and do not monitor or manage your account, including the monitoring of brokerage account investments, unless we state otherwise in writing. Since we do not provide recommendations and you must make all of your own investment decisions, the licenses, education and other qualifications of our financial professionals will not be relevant to your investment decisions. Robinhood Financial professionals are available only to provide account support through an online email system. If you choose our services, you must be comfortable with investing your assets on your own.
KyleJune 6y ago
They are artificially reducing the buying volume. Anyone that bought GameStop recently on their platform is now stuck holding the bag or selling for less than it currently would be worth if they were not artificially reducing the buying demand. How do you think people that bought in over $300 feel now that Robinhood has done this? They made a decision knowing about the volatility and that it is likely to go up further due to short squeeze. Now RobinHood has changed the game in after-hours with no warning.
slingnow 6y ago
You realize Robinhood allows you to buy Dogecoin as well, right? Do you not see the hypocrisy?
- boringg 6y ago
  It does? Amazing.

netsharc 6y ago

Ah yes, speculate, and then be outraged from your own unfounded, evidence-less, conclusions... should we storm the Capitol next, because we are dead certain the election was stolen?

zarkov99 6y ago
You know, one day this sort of thing will happen to you or someone or something you care about, and you will instantly be enlightened on the dangers of unchecked power.
- netsharc 6y ago
  Oh my god, is Deep State Biden going to make legislation that my children will have to be taken to Epstein's island where he's alive and well? Maybe take the money for their tickets out of my bank account as well. God damn, everyone's lost their minds...
listless 6y ago
You can be outraged without donning a pair of horns and running through the capitol with a stolen lectern. This kind of overcharged rhetoric gets us nowhere when rhetoric is all we have to solve the problem.
- netsharc 6y ago
  My rhetoric? Meanwhile guy I was replying to has made up a story in his mind and is dead fucking sure that's what happened...

frongpik 6y ago

What matters is the lower 50% (aka the poor) get to see, for a brief moment, how the machine really works. WallSt will get their way this time, but I doubt those people will just live as usual with the gained knowledge.

ChicagoBoy11 6y ago
We all collectively saw Wall St. dip into our pockets in 2008 yet here we are, aren't we?
- miloignis 6y ago
  I believe the government and taxpayers made money on the bailout, see sources like: https://projects.propublica.org/bailout/ https://projects.propublica.org/bailout/ The financial institutions got themselves in a bad spot, and instead of failing they were helped out, but they paid it back with interest.

notacoward 6y ago

Please don't use rape as a metaphor.

cambalache 6y ago
Yeah, also add to the list: Kill, maim, torture, force, destroy ...
- neals 6y ago
  Yes, I agree. Also add to the list: laugh at, look at, downvote, whisper, cough and point to. All of this triggers my poor snowflake millenial mind.
paulddraper 6y ago
Why?
- rirarobo 6y ago
  Because sexual abuse is a visceral trauma real to many people, by some estimates 1 in 3 women and 1 in 6 men have experienced sexual abuse. Those who have experienced sexual abuse also face higher risks of PTSD, drug abuse, suicide, and many other challenges. They also often never report their abuse, never discuss it with others, and suffer lifelong emotional distress at higher rates than for any other violent crime. Consequently, sexual violence is not treated lightly in most public discourse. In that sense, it is simply a common courtesy.
  - paulddraper 6y ago
    > sexual abuse is a visceral trauma No argument. It's because of negative attributes it's being used in that analogy.
    - rirarobo 6y ago
      That's true, when used, it is generally for dramatic effect. Another response mentioned words like "kill, maim, torture, force, destroy", which also may be used for dramatic effect. I imagine that one criticism of such word choices might be that they lead to sensationalism or hyperbole. However, the use of sexual violence in analogy is unique in comparison to those examples, precisely because sexual abuse is a trauma that has been experienced by so many, unlike being killed or tortured. While I mentioned rates of general sexual abuse in my previous comment, rates for forced penetration are particularly relevant, about 1 in 5 for women and 1 in 70 for men [1]. The gender disparity in such rates is important, since it helps explain why different genders have different attitudes regarding this issue. For example, some studies show that women find sexual violence related humor to be significantly less enjoyable than men, perhaps unsurprisingly. Meanwhile, others show that men's enjoyment of such humor is positively correlated with self reported likelihood of forcing sex [2]. Given this gender imbalance, it's not surprising then that the acceptability of such language would be significantly affected by the demographics of the audience. In male dominated environments it would be less likely that many would raise objections, and thereby more likely that the group would ultimately accept such language (in fact, the parent comment to your "Why" question has now been flagged and hidden while the original analogy remains). However, as the audience increases in size and diversity, it will be more likely that there will be objections to such language. This is a long way of saying that sexual violence is not treated lightly in most public discourse, while clarifying that by "public" I mean an audience with demographics reflecting the general population, particularly a balanced distribution of genders. The analogy above may be accepted here or on a forum like r/wallstreetbets, but it would likely be seen as less appropriate on a public earnings call.

EGreg 6y ago

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

djrogers 6y ago
Well, to be fair - they are at least allowing sales, just not purchases.
- EGreg 6y ago
  To be fair - this would be called illegal market manipulation (pushing stocks in a downward direction)
- joncrane 6y ago
  How convenient that people are now "allowed" to close their positions, now that the number of counterparties to that trade is dramatically reduced...
- ngngngng 6y ago
  Who do you sell to if purchases aren't allowed?
  - Brystephor 6y ago
    other brokers still allow buying of gamestop stock. This is purely robinhoods decision to block trading using their app. There is no official market wide block.
    - ineedasername 6y ago
      The problem is that much of the buy demand seems to be on the retail side. But the retailers have shut that down, so you're left selling to a portion of the market that has the lease demand for what you're selling.