Lol they got the @ wrong 
3 Likes
Hilarious. Just seen that @robinhood on twitter have responded to their influx of new users…
https://twitter.com/robinhood/status/1354786505873625091?s=19
9 Likes
On a serious note this is seriously dodgy. Citadel and co pay Robinhood for order flow. They are the market makers that bailed out the short sellers. Big conflict of interest here because over 50% of Robinhood users are long GME
4 Likes
Great point! Even though they may try to be stand offish from it all, I’m sure if citadel told robinhood they were turning the taps, it would make robinhood do thinks that wouldn’t align them with their customers.
2 Likes
Is it a crazy accusation though when the broker only allows one side of the transaction??? I think that’s where a lot of the chaos came from
4 Likes
Posting this from the GME thread. Suggestion is that Robinhood are now actively selling user’s shares, without permission as part of their Ts and Cs
Image courtesy of @EuanG
3 Likes
7 Likes
It’s beginning to look like they might never recover from this, at least not fully
7 Likes
12 Likes
I find it quite ironic that in the long run wallstreetbets might have done more harm to Robinhood than to any of the hedge funds
2 Likes
When I think I once was scared of RH coming to the UK to challenge :freetrade: I was so…wrong 
5 Likes
If i had a Robinhood account i would be emptying it sharpish, can’t see it surviving this.
1 Like
ooof this is interesting! Reputation must be in pieces at the moment, I see people withdrawing so much money out
1 Like
CEO of Robinhood just interviewed on CNBC, didn’t really give a straight answer, claims they did it to protect the investors and Robinhood but denies they have liquidity problems.
1 Like
The saga continues:
3 Likes
There could be a few reasons for that, I find that sort of conspiracy unlikely.
I’m no expert but there have been suggestions RH is in financial trouble due to the risky bets customers are taking, many on margin. The broker is only one link in the chain, RH buys from market makers who may refuse the trade, they have capital requirements and regulations to follow, and it is illegal to collude to fix prices in the market (which many of their customers were clearly doing and proudly boasting about it). So there are lots of more boring reasons they might restrict buying rather than a conspiracy with hedge funds.
3 Likes
1 Like
Thats half a million bucks . If its not a close due to margin not being met than I think they could be in trouble whatever is in T and C’s as there is now an opportunity cost of an extra 1m gone. If its cash paid shares then they need to be jailed.
To allow sells but no retail buys then they were either running their own prop book and were monster short , or were allowing their PB and insti clients who were short to buy, but not retail to “protect” retail
If they needed 1Bn fast I think a possibility they were also prop trading and got caught with their trousers down.
They have a lot of form with the regs of course
and
SEC Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution
FOR IMMEDIATE RELEASE
2020-321
Washington D.C., Dec. 17, 2020 —
The Securities and Exchange Commission today charged Robinhood Financial LLC for repeated misstatements that failed to disclose the firm’s receipt of payments from trading firms for routing customer orders to them, and with failing to satisfy its duty to seek the best reasonably available terms to execute customer orders. Robinhood agreed to pay $65 million to settle the charges.
1 Like
More spam, sigh…
3 Likes