Barstool Sports founder Dave Portnoy says Robinhood's restrictions on trading GameStop shares in the wake of the "short squeeze" was done to protect hedge funds who were shorting the stock and losing millions.
Robinhood CEO Vlad Tenev says the company took the action to protect its users.
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Robinhood steals from the poor and gives to the rich.
@positrack99 It won’t let me give a review
Google wiped several thousand negative reviews of robinhood app
Hol up-
He’s a republican robinhood!
@Donald Trump Lost that dosen’t matter the damage is done
Socialism for the rich, rugged individualism for the rest of us.
@Coco Taveras And as long as you can keep the poor people on the right fighting with the poor people on left the rich can rob both sides.
RIP MLK
@Coco Taveras yeah, but the left knows it and right takes it hook and sink, and gives these people their room to run.
@Don Siesling fascism is how they cemented their power through Hitler.
@Coco Taveras I keep saying we’re living in biblical times but nobody listens. How many “this has never happened before” have we seen in the last 2 years.
We don’t think it’s rigged, we KNOW it’s rigged
Real men don’t use Robin Hood
@Jord Boyd these billionaires aren’t liberals
Like the election?
They turned off one direction of the tap. If it was a straight out freeze, it would have been fair. As it stands, there is at least the appearance of illegal interference on behalf of the wealthy and screw the little guy.
He’s so obviously lying. Either he’s got a hush hush agreement with his investor or he’s going to run out of money if they pull out.
Por que no los dos?
Everyone set high limit sell orders, do not market sell. They will be forced to buy them back at a high price!!! #wallstreetbets
“Robinhood” seems to be confused…in bed with the Sheriff of Rottingham.
This is a Great Time to Invest my Stimulus Money into GameStop!! I’m going to get Rich $$!!
Hey, look on the bright side: when a carcass finally rots away, the land will be rejuvenated for a new generation.
There is no confusion. He’s Knowingly in bed with the crooked Sheriff; they just thought they wouldn’t get caught….
I agree. Robinhood acted to protect the shorts, likely the hedge funds. Pretty slimy.
@Teardown Dan…. It’s one thing to have a relationship with a hedge fund. Even partial ownership (some hedge fund apparently has a minority stake in Robinhood) isn’t by itself immoral. It’s whether you rig the process because of that relationship.
I’m persuaded Robinhood rigged the process for that very reason.
And they just so happened to raise a billion in capital. You think a phone call wasn’t placed with conditions? Lol
@Teardown Dan Melvin Capital Management was the hedge fund company that had a lot of shorts on Gamestop.
With the Gamestop shares soaring, it was rumored that Melvin was looking at bankruptcy. But then, along comes Citadel and Point72 with a $2.75 billion bail out to Melvin (they call it an ‘investment’ in Melvin).
So happens (co-incidentally), RobinHood uses Citadel to process all it’s share deals.
Of course, Citadel have come out and stated it had “not instructed or otherwise caused any brokerage firm to stop, suspend, or limit trading or otherwise refuse to do business”. Also, Fairies at the bottom of the garden!
@gb nq Did they cover (buy) all their shorts on GME, or are they still paying interest on them?
@Sky Lark I really hope these people are still in deep, for the homies and for myself because I just bought a couple stonks today
As someone else said, this is like playing monopoly with cheaters. Changing the rules midstream to benefit the banker.
You need to read the rules of monoply homie. The banker never loses or runs out of money. The rules literally say if there is no money left in the bank, cut up pieces of paper and label them with dollar amounts. Hahahaha
Not only that but some start the game with more money than they can count.
If you’re going to be a CEO, learn how lie. The SEC should look into market manipulation.
@Harv Begal mostly through negligence
The sec is in on it.
It’s obvious these billionaires own the SEC people are now seeing with there own eyes that the stock market is rigged.
@Slurms MacKenzie Nah. He looked nervous and once Cuomo started digging he lost his cool. Could hear it in his voice.
So, can we tax the rich now? The middle class shouldn’t be carrying the country on our shoulders anymore. Let’s give them something to cry about.
Take from the rich to give to the just as corrupt government, the rich and government are in bed together.
@Bryndrson we are almost extinct now.
@Susan Kay That’s what Trump tried to do but you didn’t vote for him.
The rich is already being taxed. It’s time to close up loop holes that lobbyists and government officials work together to create. i.e. Biden’s new Treasurer Janet Yellen who’s paid by big hedge funds like Citadel at the center of this whole controversy with Robinhood. Funny how I haven’t heard CNN mention that one tho.. big conflict of interest IMO.
CEO of Robinhood is straight lying. He’s slime.
An he is using that b.s. line we still allowed the selling of the stock. Duh ofcourse you did you corrupt p.o.s. you did that to help crater it. Selling, with no buying tanks it. Lawsuit headed his way for sure.
Janet Yellen ( Bidens Treasury) was paid by these scumbags.
He was clearly reading what a rep told him to say
either CEO of robinhood is slime or somebody’s got a gun to his head just out of frame. He’s probably under duress
Carl Icahn screws over Bill Ackman’s short of Herbalife and he’s touted as a genius. Little guys say “okay then we’ll do the same thing with GameStop’s stock” and Wall Street calls foul? Give me a break.
This guy is not even a good liar he keeps going aound in circles….
Want to hear a joke? “The free market.” That’s it. You can go now.
🤣
@John Doh worse for who?
@Ricky Bobby Everyone except the capitalist leaders.
Imagine the cruelty of evolution without physical limitations. That is what a totally free market would be economically. Hell on earth.
Don’t get me wrong. At the moment humanity seems to require some capitalist concepts (cynically one could say as a motivator) but as we have seen time and time again it has to be coupled with strict regulation without exception.
But we are all effed because capitalists have become so powerful that they sit at the same table as the regulators. In some cases they are one and the same.
If you’re American and you vote for the party that supported that money = free speech, which is horrible and complete insanity, you’re just hitting yourself in the head.
The question is why almost 75 million Americans are too intellectually challenged to realize this.
edit: had to change a couple of words and expressions to not get the comment deleted…
Want to hear a joke? America. That’s it. You can go now.
@John Doh and that is why the whole gamestop thing is so important. Nature has a habit of balancing things out. It’s all about balance.
They should be called “Hood-Robin”
Robbing Hoods
Doohnibor
@nothingtoseehere He stuck it to the Ottomans. Impaled them.
@Mihai of Rockville he was sadistic and a terrible human being
@nothingtoseehere Yes, so were his enemies.
Anyone with kids old enough to lie, know the CEO is lying through his teeth.
Or anyone that understands humans / yourself.
👏🏼👏🏼👏🏼👏🏼👏🏼
That’s the issue with Centralization. This is why bitcoin is the future. How many more of these issues does it take people to see this…. so glad it was very plainsight this time
Who do you think owns the most bitcoin? It takes money to buy it and they have all the money. Their prob why its so expensive and only goes up over time more then us could ever hope to be.
Bitcoin isn’t the future. Cryptocurrency as a whole may be, but not Bitcoin. You still have to use 3rd party services to open a wallet. Imo, it’s far from decentralised.
Blockchains are
blockchain not bitcoin, bitcoin doesnt solve this kind of issue but blockchains can
don’t you think that any government can ban any crypto any time if they want? In one day they can say there is a ban for every crypto in EU or US. and you’re not going to do anything you not going to buy or sell that thing ever.
This lying and corrupted CEO must be prosecuted and jailed.
He looks like Kylo Ren, clearly an agent for the Darkside.