Old Row is all over this Robinhood stuff

It's egregious enough for everyone to be rightfully pissed off

See, we can find some common ground.

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Can someone explain the Robinhood stuff to me like I'm a dimwit?

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must be a Broadmoor thing, go to Sherwood Forest and see what you can find out

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Can someone explain the Robinhood stuff to me like I'm a dimwit?

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Poor people started making money. Non-poors didn’t like it and made it to where poor people must be stopped.

I saw where Ted Cruz agreed with something AOC said.

And JaRule is pissed about Robinhood limiting investors. He tweeted his about it.

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Can someone explain the Robinhood stuff to me

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They laughed, they loved, they fought, they drank
They jumped a lot of fences
They robbed the rich, gave to the poor
Except what they kept for expenses...

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Can someone explain the Robinhood stuff to me like I'm a dimwit?

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Most of the WSB traders are on Robinhood buying GME
The hedge fund getting crushed right (Melvin Capital) now was bailed out by Citadel, another hedge fund
Melvin continues to get absolutely crushed with the buying of GME
Citadel also pays Robinhood something like 50% of its annual revenue to get exclusive access to RH users books orders to front run the trades
Citadel being exposed for billions through Melvin, and having control of RH's revenue stream, makes a call to RH to shut down all purchasing of the squeeze stocks, only allowing people to sell
Oh by the way, those shares being sold are only able to be bought by the hedge funds to cover the shorts in an attempt to escape the position they are in

ROBINHOOD IS ASSHOE

Demshoes has 5 pitbulls. They are worth $10 total.

Carson anticipates the value of pitbulls to drop soon.

Carson asks Demshoes to borrow the 5 pitbulls. After getting them from Demshoes, he sells the pits for $10 before their price drops.

After the price drops down the road, let’s say it now costs $5 for 5 pitbulls. Carson buys 5 pits for $5, gives them back to Demshoes, and pockets the $5 profit.

That’s short selling in a nutshell. Hedge funds will borrow shares of stock and sell them ahead of a projected drop, then buy some back at the lower price and give them back to the lender.

Now imagine that Demshoes realizes what Carson is doing and calls all the OT and says “ok I’m gonna loan Carson these pitbulls, then we’re all gonna team up and buy the entire market supply of pitbulls.” This causes the price of pits to go up.

Carson gets the pits from Demshoes and sells them for $10, but now he realizes he’s fricked. He can buy 5 pits for $15 now and take a loss on his gamble, or he may wait and say “nah the price will come back down.” But what if it doesn’t? What if the OT keeps buying all the pits and the price keeps going up? Carson has unlimited potential losses on his hands. That, my friend, is the squeeze. Carson could very easily end up having to pay $350 for 5 pitbulls and give them back to Demshoes

Robinhood and the other platforms have allied with the hedge funds and, this morning, they turned off buying for these heavily shorted stocks. That's why everyone is mad

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Can someone explain the Robinhood stuff to me like I'm a dimwit?

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Robinhood was supposed to be an egalitarian way for regular people to play the stock market. They were pressured to stop allowing normies from purchasing Gamestop stock, because hedgefunds were going to lose their asses off.

Basically shows that the game is rigged.

I suspect it won't be long until the redditors who started all this are pulled before congress to explain themselves.

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I saw where Ted Cruz agreed with something AOC said.

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Then she turned into her proggy self and acted like a fricking idiot.