You can do that when they don't also control the politicians, the courts and the Federal police.
Also: Iceland has population 360,000. There's more transparency in a smaller population like that, because everyone is connected to each other through a single acquaintance. If something bad is going on, then you know someone with direct knowledge of it.
I would have to disagree. The Illuminati would still ensure they would be hidden, and not pronounce themselves to the world in such a fashion. They would still be using people like these for the saps they are(but by no means are they idiots, they are disposable when their use is out). These people are more in line with Wanna be Illuminati types that don't follow the first rule(remain hidden even in victory).
They do make criminals look like amateurs though, especially, the psychopaths/sociopaths.
I don’t want this to sound like I’m shilling. I’m not. But this is a really, really good example of my favorite internet maxim, if you aren’t the customer, you are the product.
This app, from what I understand, allows free trades for users, but in exchange, sells that data back to Wall Street for market trend analysis. Under normal circumstances, I suppose that’s a trade-off the user base is comfortable with, or at least accepts as okay in exchange for what they get.
But in an extraordinary situation like this, the flaws become apparent. The user base does not pay the bills and thus, the app is not going to act in their interest. The app will act on behalf of those who keep it alive, and here, those people used that leverage to try to stem their bleeding.
And thus is the whole thing is revealed as devious, underhanded, and potentially financially dangerous for the users. It’s one of these events that was unexpected, maybe unanticipated, but predictable. And because the user base at some level consented to the TOS, maybe not illegal. (Although some of the other shit RH has done may reach that level.)
Bottom line: you as a user are not in control. And when control matters, it really matters.
ETA. Also want to say that this doesn’t justify anything else RH might be up to or any other connections that might exist from them to others. There could definitely still be criminal activity here, and certainly they should get reamed in a class action lawsuit.
The trades aren’t free. Robin Hood routes them through a broker (often Citadel) who takes a fat spread and pays Robin Hood a small portion as commission. They are just saying that line of crap because they don’t take the money directly from users themselves. They use a third party entity to do it. It is a lie they tell to make you feel safe trading with them.
Them taking money from big firms is whatever, I don't have a problem with that. What I have a problem with is halting the purchasing of a stock, and only limiting transactions to selling, so that the value drops and your investors can get out at a lesser hit.
In 1969 my economics teacher had us chart stocks. He said that large traders would go down and see what the small traders were doing and do the opposite. If you traded in lots of 25 or 50 stocks the big boys would clean you out. It was like walking into a high stakes poker game with $100 in your pocket.
Not quite sure you're understanding what is going on in this instance. Check out this zerohedge article for a full rundown. Agreed that they do frontrun and are evil though....
I'm dumb about stock stuff, but if all the stocks were bought up, and now the short sellers need to buy them all back, but the people who have them can't buy or sell because Robinhood blocked that stock, how will the short sellers get the stocks they need?
they allowed the holders of these stocks to sell , but not buy.....this way it drives the price of the stock back down and in turn allows the short positions to save money...now buying back at lower stock pricing coming down instead of rising which it would have continued to do - absolute collusion !
It’s bigger. If they didn’t get capital they could be shut down by the exchanges. Makes it worse when people do margin buys/shorts.
But yea, they give price info to big traders, increased liquidity by small moron investors. Both things big guys like. If there are only two traders in a market then there is no one to screw other than maybe the company.
There was a story (NOT VERIFIED) that people involved in rigging the election were being paid via deposits to Robinhood accounts.
I recently had a situation where a person told me they "recently came into money" and showed me their Robinhood app with 100K in cash but it looked like they hadn't put it in anything. Super, super weird, and I don't know the person well enough to ask more. She was a young person in college, well educated.
The issue is that Robinhood gives you cash to invest immediately before that money has actually cleared from the persons bank. So for 2 days, Robinhood is on the hook for that money. If a person transfers $1000 and loses it all and the transfer fails, Robinhood just lost $1000. In order to insure against this, they are required to put up collateral on high margin purchases. In extreme cases like GME this can suddenly demand billions of dollars in collateral that the company was not prepared for. I'm not sold this was malicious by Robinhood. It's bad for their business
I’ve been noticing this trend with “free” apps like Twitter, Robinhood, Facebook, etc. always a price to pay. I think I would pay for a YouTube or social media service. I’m signing up for Gab soon.
A billion dollars will keep you out of any jail, but no amount of money can bring you back to life.
Iceland was able to jail the snakes and throw their banking system upside down.
Sadly accurate
You can do that when they don't also control the politicians, the courts and the Federal police.
Also: Iceland has population 360,000. There's more transparency in a smaller population like that, because everyone is connected to each other through a single acquaintance. If something bad is going on, then you know someone with direct knowledge of it.
Yeah its a little easier when your nation is the size of Cleveland.
Now replace 'banks' with;
Politicians
Swamp creatures
Stock brokers
FBI
CIA
NSA
Judges
Supreme Court Justices
With all of that let's just say they are the real life illuminati, yes?
Yeah, no shit. They make the illuminati look like amateurs.
I would have to disagree. The Illuminati would still ensure they would be hidden, and not pronounce themselves to the world in such a fashion. They would still be using people like these for the saps they are(but by no means are they idiots, they are disposable when their use is out). These people are more in line with Wanna be Illuminati types that don't follow the first rule(remain hidden even in victory).
They do make criminals look like amateurs though, especially, the psychopaths/sociopaths.
Hans Herman Hoppe has entered the chat
Definitely not calling for violence.
I agree, Chairman.
Peaceful protests at their homes just like BLM does.
But of course.
Yup, RH committed suicide
Didnt their IPO go public this morning as well?
Or remit your ticket to hell.
So, working as intended then?
We need to be smarter then. We keep falling victim to their cons
Holding a highly volatile position on a stock indefinitely will eventually make you poor
I don’t want this to sound like I’m shilling. I’m not. But this is a really, really good example of my favorite internet maxim, if you aren’t the customer, you are the product.
This app, from what I understand, allows free trades for users, but in exchange, sells that data back to Wall Street for market trend analysis. Under normal circumstances, I suppose that’s a trade-off the user base is comfortable with, or at least accepts as okay in exchange for what they get.
But in an extraordinary situation like this, the flaws become apparent. The user base does not pay the bills and thus, the app is not going to act in their interest. The app will act on behalf of those who keep it alive, and here, those people used that leverage to try to stem their bleeding.
And thus is the whole thing is revealed as devious, underhanded, and potentially financially dangerous for the users. It’s one of these events that was unexpected, maybe unanticipated, but predictable. And because the user base at some level consented to the TOS, maybe not illegal. (Although some of the other shit RH has done may reach that level.)
Bottom line: you as a user are not in control. And when control matters, it really matters.
ETA. Also want to say that this doesn’t justify anything else RH might be up to or any other connections that might exist from them to others. There could definitely still be criminal activity here, and certainly they should get reamed in a class action lawsuit.
The trades aren’t free. Robin Hood routes them through a broker (often Citadel) who takes a fat spread and pays Robin Hood a small portion as commission. They are just saying that line of crap because they don’t take the money directly from users themselves. They use a third party entity to do it. It is a lie they tell to make you feel safe trading with them.
If they aren’t charging users directly, it all washes out to the same thing.
And Bidens press secretarys brother is a key player in citadel and Wikipedia are erasing that connection
Them taking money from big firms is whatever, I don't have a problem with that. What I have a problem with is halting the purchasing of a stock, and only limiting transactions to selling, so that the value drops and your investors can get out at a lesser hit.
That is market manipulation.
That is a federal fuck you in the ass felony.
Oh yeah, that part could definitely be criminal. I don’t know what the laws on that are. At the very least, it’s lawsuit fodder.
Makes sense. well reasoned.
They drew down on their lines of credit. They were existing relationships ahead of this
You mean there's nothing fishy about the group that is shorting the stock having a prexisting relationship with RobinHood?
Robinhoods actions are outright illegal when they blocked trades. That's independent of this.
They would have to have received something to call it a bribe. They already had the right to draw down.
Citadel convincing robinhood to do something very illegal is definitely very illegal.
Link to the article: https://www.cnn.com/2021/01/29/investing/robinhood-gamestop-reddit/index.html
Link to an article on CNN? Im sorry xir, but your ass is deported
Deport at your own peril
Better than fox.
Oh it’s 100% obvious RH colluded with certain hedge funds. About as obvious as Hank Aaron’s cause of death.
Which makes it that much sweeter. That we were able to stick it to wall street using a site that was designed to fleece us.
In 1969 my economics teacher had us chart stocks. He said that large traders would go down and see what the small traders were doing and do the opposite. If you traded in lots of 25 or 50 stocks the big boys would clean you out. It was like walking into a high stakes poker game with $100 in your pocket.
Meaning 25 or 50 shares ?
what is this cnn BS on my patriots.win?
It is OK to link to the opposition when they're openly exposing themselves.
We need to learn how to battle evil with our money=power. It’s a tool we need to learn.
Pull your money out of Robinhood now! Just pulled my money out, fuck them. If 1000s of us do this then they lose regardless.
Not quite sure you're understanding what is going on in this instance. Check out this zerohedge article for a full rundown. Agreed that they do frontrun and are evil though....
"If something is free... YOU are the product"
“EVERYBODY LIVES SOMEWHERE”
I'm dumb about stock stuff, but if all the stocks were bought up, and now the short sellers need to buy them all back, but the people who have them can't buy or sell because Robinhood blocked that stock, how will the short sellers get the stocks they need?
they allowed the holders of these stocks to sell , but not buy.....this way it drives the price of the stock back down and in turn allows the short positions to save money...now buying back at lower stock pricing coming down instead of rising which it would have continued to do - absolute collusion !
They are blocking buyers on their app. But people can buy the stock being sold on robinhood as robinhood likely links to other exchanges.
"everybody lives somewhere"
l like OP very much!
Look fat here’s the deal. The big guy got his ten percent now shut up and let me sniff your daughter. Come on man! You one horse pony.
Alright, you may be right... But let's not start going to people's houses and doing crazy things. I think jail is perfectly good enough
spoiler: this guy goes to prison
Isn’t it ironic how it’s a company called Robinhood stealing from the poor to give to the rich?
It’s bigger. If they didn’t get capital they could be shut down by the exchanges. Makes it worse when people do margin buys/shorts.
But yea, they give price info to big traders, increased liquidity by small moron investors. Both things big guys like. If there are only two traders in a market then there is no one to screw other than maybe the company.
Yep, until these criminals turn up dead BECAUSE OF their bullshit, it will continue
There was a story (NOT VERIFIED) that people involved in rigging the election were being paid via deposits to Robinhood accounts.
I recently had a situation where a person told me they "recently came into money" and showed me their Robinhood app with 100K in cash but it looked like they hadn't put it in anything. Super, super weird, and I don't know the person well enough to ask more. She was a young person in college, well educated.
The issue is that Robinhood gives you cash to invest immediately before that money has actually cleared from the persons bank. So for 2 days, Robinhood is on the hook for that money. If a person transfers $1000 and loses it all and the transfer fails, Robinhood just lost $1000. In order to insure against this, they are required to put up collateral on high margin purchases. In extreme cases like GME this can suddenly demand billions of dollars in collateral that the company was not prepared for. I'm not sold this was malicious by Robinhood. It's bad for their business
I’ve been noticing this trend with “free” apps like Twitter, Robinhood, Facebook, etc. always a price to pay. I think I would pay for a YouTube or social media service. I’m signing up for Gab soon.
Right with you until the last sentence.