https://archive.vn/PrPws blog. robinhood. com/news/2021/1/28/keeping-customers-informed-through-market-volatility
January 28, 2021 Keeping Customers Informed Through Market Volatility
Our mission at Robinhood is to democratize finance for all. We’re proud to have created a platform that has helped everyday people, from all backgrounds, shape their financial futures and invest for the long term.
We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities.
https://archive.vn/PTJt9 Dave Portnoy @stoolpresidente 5:34 AM - 28 Jan 2021 from Miami Beach, FL
I can still buy everything on @TradeZer0 by the way. Hadn’t crashed. Hasn’t become rigged yet
Robinhood only has 0$ commisions because they sell data to hedge funds such as Citadel. Citadel and Point72 gave Melvin Capital, the main target of the short squeeze 2.75 billion dollars to double down with.
And I think in doing so just undermined their own creditability to their customer base. Because once they do it here, who is to say they won't do it for other reasons in the future. I think companies that have interfered on the side of the hedge funds and wall street are going to see an exodus. I have a Scottrade account that's now TD Ameritrade. Already started the paperwork to move those accounts over to Fidelity where I have IRA's. And when TD Ameritrade asks why I'm telling them because they restricted what I could and could not do with my money. I can no longer risk investing with your platform because of it.
Yea I guess I shouldn’t be surprised