Robinhood and the shifting narrative

[wct097]

So 4 days ago it wasn't a liquidity issue, it was to protect users:

Robinhood's CEO denies the trading platform is facing liquidity issues amid investor frenzy

Tenev told CNBC that Robinhood decided to draw down credit lines "proactively" amid the recent spike in trading volatility.

www.businessinsider.com

That didn't appease the masses, so now it's a clearinghouse issue with liquidity.

Robinhood CEO explains to Elon Musk why his platform restricted trading last week

Robinhood co-founder Vlad Tenev explained the move and defended his platform in a discussion with Elon Musk on the audio chat app Clubhouse.

www.cnbc.com

Sounds like bullshit to me. Shifting narratives = lies.

 

[eysdan]

Robinhood's future is 'toast,' says 'Wolf of Wall Street' Jordan Belfort

Jordan Belfort, convicted felon and author of 'The Wolf of Wall Street,' has a warning for big money hedge funds and retail investors following the GameStop phenomenom.

finance.yahoo.com

Sent from my SM-G988U using Tapatalk

 

[pirranah]

I'm having way too much fun watching this. SEC is looking into social media(reddit) for fraud.

SEC Hunts for Fraud in Social-Media Posts Hyping GameStop

(Bloomberg) -- U.S. Securities and Exchange Commission investigators are combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc. and other companies, according to people familiar with the...

finance.yahoo.com

It's also got Biden in a bind

Biden’s SEC pick sidelined as GameStop drama unfolds

President Biden’s choice to be the top cop on Wall Street has been left sitting on the sidelines as the Securities and Exchange Commission (SEC) faces growing pressure to sort out the GameStop stoc…

thehill.com

*This is in not financial advise*

 

[Brock]

I sold GME at $380

 

[abqtj]

Smart


Sent from my PalmPilot

 

[abqtj]

I'm having way too much fun watching this. SEC is looking into social media(reddit) for fraud.

SEC Hunts for Fraud in Social-Media Posts Hyping GameStop

(Bloomberg) -- U.S. Securities and Exchange Commission investigators are combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc. and other companies, according to people familiar with the...

finance.yahoo.com

It's also got Biden in a bind

Biden’s SEC pick sidelined as GameStop drama unfolds

President Biden’s choice to be the top cop on Wall Street has been left sitting on the sidelines as the Securities and Exchange Commission (SEC) faces growing pressure to sort out the GameStop stoc…

thehill.com

*This is in not financial advise*

They need to look into the hedge funds for fraud


Sent from my PalmPilot

 

[whiskey tango]

I sold GME at $380

White privilege.

 

[pirranah]

I sold GME at $380

What'd you buy at

 

[Brock]

What'd you buy at

diamond hands bro

 

[Jays89YJ]

diamond hands bro

For real tho... >$100/share or wut.

 

[Bart Giamatti]

I'm having way too much fun watching this. SEC is looking into social media(reddit) for fraud.

SEC Hunts for Fraud in Social-Media Posts Hyping GameStop

(Bloomberg) -- U.S. Securities and Exchange Commission investigators are combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc. and other companies, according to people familiar with the...

finance.yahoo.com

It's also got Biden in a bind

Biden’s SEC pick sidelined as GameStop drama unfolds

President Biden’s choice to be the top cop on Wall Street has been left sitting on the sidelines as the Securities and Exchange Commission (SEC) faces growing pressure to sort out the GameStop stoc…

thehill.com

*This is in not financial advise*

The hearings were good shit imho.

People don't get trading, all the different products and options out there. I sure as shit don't, a book I read years ago outlined that clearly. If people are gonna call the market rigged or whatever, they oughta have a decent understanding of how the business is conducted. They don't.