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Chronicles

The story behind the story

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Robinhood says it didn't proactively sell shares of GameStop, AMC, or any other buzzworthy stocks without traders' permission, denying claims made by some users

Traders say they intended to keep holding  —  No, Robinhood tells The Verge, it didn't sell off full shares of GameStop

The Verge Jacob Kastrenakes

Discussion

  • @sequoia @sequoia on x
    Sequoia did not pressure Robinhood to halt the trading of any stocks. This rumor is completely false.
  • @arkhondh @arkhondh on x
    .@RobinhoodApp's apparently selling people's shares “for their own good” 🙃 Actual insanity https://twitter.com/...
  • @jarule Ja Rule on x
    Yo this is a fucking CRIME what @RobinhoodApp is doing DO NOT SELL!!! HOLD THE LINE... WTF 🤬
  • @thenewsoncnbc @thenewsoncnbc on x
    The astronomical rally in GameStop has imposed huge losses of nearly $20 billion for short sellers this month — but they're not budging. https://www.cnbc.com/...
  • @stephenpunwasi Stephen Punwasi on x
    Elon Musk is anti-establishment for the crowd that tries to stick it to Amazon by shopping at Walmart. https://twitter.com/...
  • @yunli626 Yun Li on x
    GameStop short sellers have suffered a mark-to-market loss of $19.75 billion year to date, according to @S3Partners Still, most are holding onto their bearish positions or they are being replaced by new hedge funds willing to bet against $GME https://www.cnbc.com/...
  • @jbarro Josh Barro on x
    I can't believe this is a real chart https://www.cnbc.com/... https://twitter.com/...
  • @means_tv Means Tv on x
    Wall Street is melting down over GameStop's price, but was perfectly cool with Tesla's stock going from $60 to $860 in the course of a year after Elon Musk broke both windows of a Tesla truck on stage https://twitter.com/...
  • @hshaban Hamza Shaban on x
    According to Robinhood's investing page, people who already own GameStop are restricted from buying any additional shares. And customers looking to open a new position in GameStop can only purchase 1 single share. AMC is limited to 10 shares. https://robinhood.com/... https://twi…
  • @sts_news Lee Vinsel on x
    I keep thinking of a quote, which apparently John Adams never said but they put in his mouth in the miniseries: “A mob is no less a mob because they are with you.” https://twitter.com/...
  • @nfergus Niall Ferguson on x
    Who could ever have foreseen a world in which online networks disrupt established hierarchies? https://www.wsj.com/...
  • @jeremyjojola Jeremy Jojola on x
    NEW: I just learned a Colorado man named Chance Daniels has filed a lawsuit against Robinhood and other online brokerage firms over the GameStop saga. It sounds like it could potentially be a class action lawsuit. #9NEWS
  • @theauthorguy Christopher Moore on x
    Toad you. https://twitter.com/...
  • @tomaskenn Thomas Kennedy on x
    Now @RobinhoodApp is going so far as to seize people's assets and sell them without their permission. This is criminal. https://twitter.com/...
  • @octofinance OctoFi on x
    OctoFi did not pressure @sequoia to pressure @RobinhoodApp to halt the trading of any stocks. This rumour is completely false. But any rumours #wallstreetbets should #DeleteRobinhood and trade Stocktopus tokens in #DeFi is irrefutable. https://twitter.com/...
  • @netnobody @netnobody on x
    Robinhood is like a Doctor who prescribes painkillers for depression. https://twitter.com/...
  • @helenkennedy Helen Kennedy on x
    This is some bullshit. https://twitter.com/...
  • @mims Christopher Mims on x
    Anyway, I fully expect to get pillaged for years to come for articulating what seems to me an absolutely uncontroversial view. Who says discourse is dead? Huzzah! https://www.wsj.com/...
  • @pkafka Peter Kafka on x
    “Both are what philosophers call “closed epistemic systems,” worldviews that are unaffected by information that contradicts them. It's confirmation bias on steroids. It's also the logic of a cult, achieved with some of the same psychological tricks.” https://twitter.com/...
  • @mims Christopher Mims on x
    Why stonks now? Short version: People are still stuck at home seeking the next shiny object. Qanon fizzled. The energy that gathered rioters to the capital is at a lull. Bitcoin seems positively staid. But: $GME! https://www.wsj.com/...
  • @longshorttrader LST on x
    Robinhood, less than 12 hours ago: “There was no liquidity problem” New York Times, now: Robinhood, in Need of Cash, Raises $1 Billion From Its Investors https://twitter.com/...
  • @rwhelanwsj Robbie Whelan on x
    The creator of WallStreetBets, the subreddit where day traders have rallied to take on hedge funds over GameStop, is Jaime Rogozinsky, son of Jacques Rogozinsky, a career public official in Mexico who oversaw a wave of privatizations in the 1990s: https://www.wsj.com/...