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Optimally the result is Robin Hood is removed from the play and apple store for willfully defrauding their customers. Very real damages were suffered as a resul

Optimally the result is Robin Hood is removed from the play and apple store for willfully defrauding their customers. Very real damages were suffered as a result of their willful actions. There was no warning and there was no way they did not know harm would come. Also if no retail traders could buy, who was buying the shares that they were forced to sell? If it was the short hedge funds, that has got to be a criminal conspiracy level charge.

mantap 6y ago
It's a bubble. Bubbles pop. Robinhood's argument would be that they prevented harm to investors by preventing them from putting money into a bubble that was going to pop anyway. As soon as this hit the news you got all kinds of regular people wanting to get in on the action, not connected to WSB.
- wonderwonder 6y ago
  Bubbles do pop, and this was clearly a bubble but this was not a popping bubble. This was someone picking up their ball and going home. They can make whatever argument they want, we will see how it is litigated out. It was a clear coordinated action though across several brokerages.
  - mantap 6y ago
    I read that GameStop was at one point worth $24B. Do you really think that's a realistic valuation? This bubble was always going to pop, the question was not if but when. Sure let r/WallStreetBets and Wall Street battle it out. But I don't think that you are accounting for the ordinary people who would read about an amazing way to get rich quick in the news and decide to buy in. That's when the real bubble starts.
- bagacrap 6y ago
  they are the ones trying to pop the bubble. Stop pretending like RH is trying to protect retail, only institutions are benefiting from this.
  - lovehashbrowns 6y ago
    Bubbles pop all the time, and retail investors get fucked hard each time. Remember the housing bubble in 2008? How many people got foreclosed on? Did they have a Robinhood app to protect them? Absolutely not. Melvin Capital owns billions of dollars, it's not allowed to get fucked hard. Robinhood users, on the other hand, have access to a couple million at most. That's poor people levels of money. There are no golden parachutes for poor people.

mantap 6y ago

It's a bubble. Bubbles pop. Robinhood's argument would be that they prevented harm to investors by preventing them from putting money into a bubble that was going to pop anyway. As soon as this hit the news you got all kinds of regular people wanting to get in on the action, not connected to WSB.

wonderwonder 6y ago
Bubbles do pop, and this was clearly a bubble but this was not a popping bubble. This was someone picking up their ball and going home. They can make whatever argument they want, we will see how it is litigated out. It was a clear coordinated action though across several brokerages.
- mantap 6y ago
  I read that GameStop was at one point worth $24B. Do you really think that's a realistic valuation? This bubble was always going to pop, the question was not if but when. Sure let r/WallStreetBets and Wall Street battle it out. But I don't think that you are accounting for the ordinary people who would read about an amazing way to get rich quick in the news and decide to buy in. That's when the real bubble starts.
bagacrap 6y ago
they are the ones trying to pop the bubble. Stop pretending like RH is trying to protect retail, only institutions are benefiting from this.
- lovehashbrowns 6y ago
  Bubbles pop all the time, and retail investors get fucked hard each time. Remember the housing bubble in 2008? How many people got foreclosed on? Did they have a Robinhood app to protect them? Absolutely not. Melvin Capital owns billions of dollars, it's not allowed to get fucked hard. Robinhood users, on the other hand, have access to a couple million at most. That's poor people levels of money. There are no golden parachutes for poor people.