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It's All Politics
Robinhood Blocking Traders from GameStop, AMC & More Amid Surge
submitted 3 years ago by scrubking from tmz.com
[–]RightousBob 8 insightful - 1 fun8 insightful - 0 fun9 insightful - 0 fun9 insightful - 1 fun - 3 years ago (4 children)
So much for free market capitalism.
[–]magnora7 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 1 fun8 insightful - 2 fun - 3 years ago (1 child)
It's a free market until hyper-rich people lose money, then they want to change the rules lol
[–]jamesK_3rd 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 3 years ago (0 children)
Yeh nobody realized that Janet Yelen and other bureaucrats were speakers that most of these big banks paid a ton of money to. Bureaucrats make a ton of money in these funds and in speaking engagements.
The people won't be allowed to attack the system like this, I bet they'll fix this loophole this year.
[–]StrategicTactic 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 2 fun6 insightful - 3 fun - 3 years ago (1 child)
TradeZero is offering market correction.
In light of current market volatility, we are NOT restricting transactions for certain securities to position closing only, including $AMC and $GME.
[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 years ago (0 children)
Thanks for the info.
[–]Feldheld 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 3 years ago (2 children)
Selling is still allowed. So who is still allowed to buy? You cant sell without a buyer, right?
[–]RatherSmallPotato 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 years ago (0 children)
I guess sell orders with no one buy floods the market and brings the price down.
[–]Galthran 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 years ago (0 children)
I think Robinhood is a service for small time investors so it would be the fat cats and shorters who don't use such platforms.
[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 3 years ago (0 children)
Robinmillennial is as good a scam as it gets. Come in spinner.
[–]StillLessons 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 3 years ago (0 children)
It took a long time, but the false "market" we've seen in place for more than ten years is being quite explicitly exposed with this fiasco. I am a little surprised that someone was able to organize enough small fish to act quickly enough and in a concentrated enough fashion to create such a dramatic effect. I haven't paid close attention to this, but I'm guessing Gamestop's market cap can't have been that big? These are some crazy moves. Sure big enough to catch the hedge funders' pant's down.
Another data point in the final stages of the current fiat money system. How much will they print to paper this one over?
[–]RightousBob 8 insightful - 1 fun8 insightful - 0 fun9 insightful - 0 fun9 insightful - 1 fun - (4 children)
[–]magnora7 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 1 fun8 insightful - 2 fun - (1 child)
[–]jamesK_3rd 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)
[–]StrategicTactic 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 2 fun6 insightful - 3 fun - (1 child)
[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]Feldheld 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (2 children)
[–]RatherSmallPotato 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]Galthran 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)
[–]StillLessons 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)