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And there's already an App to join the Robin Hood class action.
Posted on 1/30/21 at 6:21 am
Posted on 1/30/21 at 6:21 am
brutal
LINK
quote:
Thousands of investors are using a consumer-focused online service called DoNotPay.com to automatically join a class-action lawsuit against trading platform Robinhood.
The lawsuit was filed Thursday in the Southern District of New York after Robinhood temporarily restricted GameStop trading on its platform. That enraged many small investors who were trying to get in on the GameStop trading frenzy of the past few days.
quote:
By Friday afternoon, around 26,000 people had joined the class action, 4,000 had filed complaints with the Securities and Exchange Commission (SEC) and 400 had entered arbitration via DoNotPay, according to Browder, who says he does not have a financial stake in GameStop stock.
LINK
This post was edited on 1/30/21 at 6:24 am
10
Posted on 1/30/21 at 6:27 am to Strannix
I saw people saying that Robinhood actually closed out their position. Sold their stock without their permission. Was that a rumor or did that actually happen?
I can actually see halting of trading. Sometimes markets get so volatile that it's impossible to efficiently match buyers and sellers.
But if a platform sells a stock without my permission, that's a much bigger issue.
I can actually see halting of trading. Sometimes markets get so volatile that it's impossible to efficiently match buyers and sellers.
But if a platform sells a stock without my permission, that's a much bigger issue.
Posted on 1/30/21 at 6:30 am to No Colors
Not only did they do that, they took the side of billionaire hedge funds trying to profit off of driving a company out of business.
This post was edited on 1/30/21 at 6:57 am
Posted on 1/30/21 at 6:34 am to Strannix
Everyone that owns GME shares should be able to join that suit. They manipulated the market for GME and several other stocks by restricting the ability for investors to buy, negatively impacting the share price.
This post was edited on 1/30/21 at 6:35 am
Posted on 1/30/21 at 6:39 am to Strannix
And big brother will deplatforn then by removing their servers
Posted on 1/30/21 at 6:56 am to Strannix
Who would downvote this 
Is Janet Yellen on the board???
Is Janet Yellen on the board???
This post was edited on 1/30/21 at 6:57 am
Posted on 1/30/21 at 7:52 am to member12
Fidelity users should be able to join too. They were able to buy and the price of the Robinhood blocked stocks were artificially lowered causing losses.
Posted on 1/30/21 at 8:41 am to Strannix
And they die by their own sword. Fitting.
Posted on 1/30/21 at 8:51 am to Strannix
I got my free stock from RH and never opened it again. Do I qualify for the CAL?
Posted on 1/30/21 at 8:58 am to Strannix
quote:
Not only did they do that, they took the side of billionaire hedge funds trying to profit off of driving a company out of business.
This cannot be stressed enough.
Posted on 1/30/21 at 9:06 am to member12
They screwed me on SNDL
Posted on 1/30/21 at 9:09 am to Strannix
How soon before Google has the App removed from the Playstore?
Posted on 1/30/21 at 9:57 am to No Colors
quote:Agreed. The "sell" but can't "buy" issue is the one that is going to put them in jail. I don't know what more they could've done to prove manipulation. This is crystal clear to even the homeless guy living in a box.
I saw people saying that Robinhood actually closed out their position. Sold their stock without their permission. Was that a rumor or did that actually happen?
I can actually see halting of trading. Sometimes markets get so volatile that it's impossible to efficiently match buyers and sellers.
But if a platform sells a stock without my permission, that's a much bigger issue.
Posted on 1/30/21 at 9:58 am to No Colors
quote:
But if a platform sells a stock without my permission, that's a much bigger issue.
And made sure to stop allowing buys to crash the price and THEN sell your stock at the crashed price.
Posted on 1/30/21 at 10:00 am to Seldom Seen
Google has apparently already removed over 120,000 negative reviews from their app on the app store
Posted on 1/30/21 at 11:02 am to GrizzlyAlloy
Their actions effected way more than GME, they drove the price down on at least a dozen stocks and retailers across all brokerage sites were screwed.
Posted on 1/30/21 at 11:27 am to Strannix
I dont see how the damages are even calculable, you could make a very simple RICO case here too.
I can't fathom how stupid the CEO was, the only plausible explanation could be death threats etc.
I can't fathom how stupid the CEO was, the only plausible explanation could be death threats etc.
Posted on 1/30/21 at 12:50 pm to member12
Everyone that trades should be able to sue them. It’s obvious that GME was going to the moon due to the short squeeze. It changed the whole market.
Posted on 1/30/21 at 1:04 pm to Jizzy08
quote:
And big brother will deplatforn then by removing their servers
If they are playing a long game, they could have that anticipated, have backup available, and then enjoin Big Tech with the suit (tampering with witnesses, etc.). At some point the Oligarchs will overreach into RICO land, and if that sticks....
I know, just a pipe dream, but makes me feel better.
Posted on 1/30/21 at 1:33 pm to Strannix
Thats great and I hope more than a few burn at the stake who had a hand in this. I wasn't part of iany of this but I sure followed it closely.
The reddit groups and a free internet made this possible and if the investors lost money in the investment strategy legitimately nobody would be bitching.
The CEO of Robinhood knew he was destroying his company when he stopped his clients from buying and allowed the hedge fund to destroy the stock unhindered collecting billions.
You all need to review their marketing commercial from earlier this month then tell me you are not boiling mad.
This was Ponzi scheme 101
He got marching orders and obeyed.
The reddit groups and a free internet made this possible and if the investors lost money in the investment strategy legitimately nobody would be bitching.
The CEO of Robinhood knew he was destroying his company when he stopped his clients from buying and allowed the hedge fund to destroy the stock unhindered collecting billions.
You all need to review their marketing commercial from earlier this month then tell me you are not boiling mad.
This was Ponzi scheme 101
He got marching orders and obeyed.
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