I’m guessing that the reason is someone is pressuring their staff. Likely by threats of pulling their access too the market. Pulling of whatever license is required for them too operate.
I could be totally wrong but wallstreet is a powerful swamp also.
No, their market maker citadel securities' sister company citadel is bailing out melvin capital. As many people as possible needs to report this conflict of interest to the sec and finra
carrot or stick
carrot is here take a few million bribe
stick what you said
who knows, this sure is redpilling a lot of people that the system is RIGGED
Of course! And it's not just Robinhood. I think they should change their name to The Sheriff of Nottingham.
Certainly not going to be a positive for their image.
I'd 100% assume that's the case. They play dirty like that and when a bunch of these trading companies collude together to stop the little guy, you can bet there's some alphabet thugs holding a gun to their head somewhere.
Yup, losing access would bankrupt them. I’m just glad to see some people got to fuck wallstreet over for once.
It's not just GME they're messing with. Nokia, Naked, AMC are also prohibited from purchasing shares via Robinhood.
On the one hand I'm glad because it shows that the "common folk" have shaken up the Elites. On the other hand I'm pretty pissed because I was set to buy some AMC today. Luckily I got some Nokia and Naked yesterday, but AMC was on lockdown by the time I got around to checking it out.
Yeah it sucks because those were over extended in their shorts too.
It’s white collar piracy, this time the pirates getting robbed. And he doesn’t like it.
or perhaps they are trying to protect naive retail investors from an obvious speculative bubble...
Oh it’s a bubble for sure but I’ve seen plenty of people willing too lose just to fuck wallstreet.