abrakamowse

I don't know but they are already presenting a lawsuit against them, and if the politicians are paying attention maybe they do something. Not sure about that... but is possible. https://thehill.com/policy/healthcare/536320-class-action-lawsuit-filed-against-robinhood-for-restricting-trading

@Preety_India Robinhood is going to be in big trouble... I think... but who knows?

They posted it on twitter... :-)

I agree. I also think there will appear other stock buying apps to fill the void claiming freedom to trade any amount of stocks as users wish. Not sure if that can happen but it would be nice. ?

Now we are talking! I got now how the devilry is playing here.

They are doing some changes like a deal with Microsoft to sell games online, like an streaming service if I understood well. They want to go digital. That’s why people is betting on them.

They are playing with fire and finally they got burned ?

There should be a different way to invest in companies. The whole Wall Street thing is a big Casino. It’s crazy.

@Leo Gura It’s Karma ? I really don’t see so bad people buying stock, it is bad IMO to play with short sell and that greedy tactics. I think the comparison you are doing is not valid. Its true that the reddittors are buying stock and adding value to them but is also true that Game Stop did some game changing decisions and people was paying attention to that and decided to buy. Now this actions are punishing Wall Street hedge fund companies, but that’s because of their actions. They know is super risky to do that short selling stuff. Maybe I’m wrong. But I don’t see anything bad in people buying stocks.

And Wall Street too has a toxic behavior!!!

And that’s not influencing the “free” market??? They deserve what is happening. That’s what you say @Leo Gura that it will come back and bit them in the ass. It’s happening and it’s biting Wall Street thieves asses!! ?

The big lesson here: https://www.marketwatch.com/story/why-you-should-never-short-sell-stocks-2015-11-19

A rope always breaks at its weakest point

This is where we need Bernie Sanders... We need the "Too big to fail, Too Big to to exist Act..."

That would be great. Look at what they were doing. They were driving the prices of Game Stop down calling it "a failing mall-based retailer" and they predicted the shares would go down to $ 20 because "it is pretty much in terminal decline". What they do with that? The same thing that the redditors were doing, but for millionaires and investors and blood sucking greedy Wall Street parasites. They do it in the old fashion, by declaring in the media that the companies are not good, and such... with rumors so people start selling the stocks and drive the prices down. Now Redditors have found a quicker and massive way to do the same (I am not saying is OK) via internet and social media. I think they should close Wall Street and put a casino there hahaha... OMG. I've seen some people posting in the that WallStreetBets subreddit saying that now they could pay the loans they asked for studying (one said he paid like 45,000 in loans) and other said that he will be able to pay for a sister's treatment for a sickness she had and they didn't have money for treating her, he will be able to write her a check to do that. I think those people has more heart that the blood sucking parasites of Wall Street. IMO

Subreddit is back ?

@Leo Gura But that sort of manipulation is already done by Wall Street executives. What’s the difference? That now is being done by the people? They broke the market in 2000 with the mortgages. And nothing happened, the people suffered. How is this going to affect peasants? I’m asking because I really don’t know. Not trying to confront or anything. I’m genuinely curious.

This article is super interesting https://www.wsj.com/articles/gamestop-mania-reveals-power-shift-on-wall-streetand-the-pros-are-reeling-11611774663