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According to Motherboard it's more than half. https://twitter.com/motherboard/status/1354798244455395328 https://twitter.com/motherboard/status/135479824445539
by Miner49er 6y ago
According to Motherboard it's more than half.
https://twitter.com/motherboard/status/1354798244455395328 https://twitter.com/motherboard/status/1354798244455395328
EDIT: This is untrue, please refer to jaywalk's reply.
- im3w1l 6y agoCan this really be true? It sounds so implausible that I'm not sure if I can take their tweeted word for it.
- mafuyu 6y agoI think GME is one of the freebie stocks that Robinhood gives out as a referral bonus, so many of those users might just have had one stock incidentally.
- reducesuffering 6y agoI can say with 99% certainty that they aren't just counting invidual $GME holders, but every one of Robinhood users that holds an ETF (like total US Market) that contains $GME... So this is really such a bad faith statement from Motherboard, because all of the ETF holders (probably 90% of the "half") can still sell their ETF's and thus their indirect $GME shares...
- whateveracct 6y agonothing like being disingenuous to ride the hype train
- jaywalk 6y agoAlthough they've left the tweet up, the article it links to says that this is incorrect: "Correction: An earlier version of this article stated that 56 percent of Robinhood users hold GME stock. This is incorrect, based on a misreading of a statistic on Robinhood. Motherboard regrets the error."
- Miner49er 6y agoAh, I was unaware, nice catch.
- deleted 6y ago[deleted]
- noitpmeder 6y agoFrom what I understand Robinhood's actions today only impacted derivatives of GME, not trades involving the actual underlying equity (which, I imagine, is what most people actually own).
- wmeredith 6y agoNope. They stopped buying of the actual equity. All you could do was sell.