Robinhood forcibly selling shares of GameStop without users’ consent

submitted by Tom_Bombadil from noqreport.com

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[–][deleted] 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (5 children)

This is all staged, this is to be used as an additional excuse for the 'Great Reset'.

[–]Jesus 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

100% agree. They can blame it on thr middle and poor class now.

[–]goobandit 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

That’s what I was thinking. They’re gonna be like “Aw you guys broke the stock market, now we have to change it completely to keep you from getting over on us again! Damn!” When really, it was going to tank anyway

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yup they are setting up a convenient scapegoat story. It's too coordinated and media-driven to be natural

[–]Tom_Bombadil[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

an additional excuse for the 'Great Reset'.

Satan Klaus's: "Stakeholder Capitalism"

https://saidit.net/s/PsyOps/comments/7a81/gamestop_robinhood_psyop_for_the_wefs_stakeholder/

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I agree. They're going to act like the Gamestop reddit thing got out of control, which then affected the silver market and other markets, and then when the stock market crashes they have a convenient scapegoat already set up in the minds of the public.

[–]StrategicTactic 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (0 children)

Now confirmed through defense:

https://newsflash.one/2021/01/29/robinhood-ceo-defends-selling-users-gamestop-shares-without-permission/

[–]FediNetizen 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (4 children)

I'm not buying this one. More likely someone misclicked if it even happened at all. That would be so illegal it would seal the fate of Robinhood as a company.

[–]Tom_Bombadil[S] 4 insightful - 5 fun4 insightful - 4 fun5 insightful - 5 fun -  (0 children)

I'm not buying this one.

Par for the course.

The only thing you accept is the Covid Hoax.

[–]bobbobbybob 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

That's not what the tweet showed

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Well it might be true, but its only being done to prevent more fallout.

[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

If they got paid by the hedgefund to shut that down, more money than robinhood was worth, then it would be worth it in their minds... especially if they thought they could downplay it and hide it effectively

[–]adultmanhwa 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Stealing from the poor and give that to the rich, this is lesson for all to not easily perceive brand as it is.

[–]copenseethe 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

SEC should be investigating RH and other brokerage platforms that chose to halt sales in order to protect the big traders. Unfortunately Elizabeth Warren is talking about punishing the small retail buyers that are holding GME. This is very bad. Trust is everything in the stock market and the world is getting a peek behind the curtain and discovering the game is rigged.

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

At this point everything is so blatant, I have to think they want us to feel the market is corrupted, so that it will drop and "reset" to a lower level. Like the 2008 crash but worse

[–]copenseethe 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I would expect the market to fall in response to the lack of trust the GME short will generate but that isn't happening (yet?).

[–]Tom_Bombadil[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

I don't know if this is true, or not.

Hopefully, it isn't accurate.

[–]Drewski 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (1 child)

This article on The Daily Mail claims they were forcibly selling shares if they were bought on margin. Seems very unethical if not illegal.

[–]dsolimano 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

If they were margin shares that makes more sense, due to the vol a lot of clearing firms increased their margin requirements to 100% meaning basically you have to pay cash for the shares. I think normal operations would be to restrict the account ask the clients to wire in more cash, but I guess if they had trouble borrowing money to finance the positions, they could conceivably have to sell the shares with the margin requirements increasing so fast.

[–]StrategicTactic 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Dont know for sure, but I put up a twitter link earlier to someone saying the same.

[–]Druullus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

https://en.wikipedia.org/wiki/Robinhood_(company)

[–]PeterBuilt 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

RH and perhaps other brokers were not offsetting their traders trades into the open market, or some other similar tomfoolery, and we are now facing a complete market meltdown.

This is very bad.