GameStop/Reddit vs. Big Financial

[jsharmon7]

Citadel is a customer, not the owner of RobinHood.

 

[smittygj]

Market closed with GME at $197.44. However in after hours trading it is trending back up. Barrons now shows it at $266.64

 

[rooster]

Citadel made a statement saying they did not instruct any brokerages to stop buys on any stocks.

I don’t buy it. They think they are untouchable and as much as I hate to say it they might have been under trump. But with dems in charge and AOC and warren weighing in this might not be a good time for price fixing schemes

 

[rooster]

This was proven today.

 

[OakRiver]

 

[Tryin']

An update on market conditions​

Hi xxxxxxx,​ It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed. ​ This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.​ As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.​ To be clear, this decision was not made on the direction of any market maker we route to or other market participants.​ The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.​ We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.​ Thank you again for being a Robinhood customer. We’re so grateful for your support.​ Sincerely, The Robinhood Team​ ​

​ ​ ​ Home Help Center Contact Us Privacy Policy​

All investments involve risk and loss of principal is possible.​ You are receiving this email in response to your request for information or Robinhood servicing your account. You cannot unsubscribe from these emails.​ Robinhood Financial LLC is a registered broker dealer (member SIPC). Robinhood Securities, LLC provides brokerage clearing services. Both are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).​ Read our privacy policy.​ © 2021 Robinhood Markets, Inc. Robinhood® 20210128-1501643-4522334​ We are required to send you this non-promotional communication without the option to unsubscribe.​

Lawsuits musta struck a chord.

 

[actaeon277]

AOC, Don Jr., Ted Cruz All Rip Robinhood For Halting GameStop Trading: ‘Unacceptable’

The GameStop short bet controversy has sent America into the bizarro world, where Rep. Alexandria Ocasio-Cortez (D-NY), Sen. Ted Cruz (R-TX), and Donald Trump Jr. all agree on something. On Thursday, after the stock market app Robinhood halted all trading on GameStop stock, the socialist...

www.dailywire.com

Holy Crap.
AOC said something I agree with.

 

[Rookie]

 

[zippy23]

And they get shut down for "hate speech", on the internet.... Where speech is...... Well now regulated! Lol, yeah right. They shut them down and did in a way that fits with a political narrative. Guess what, they don't like what you say? You are gone. They'll get people to sign up and say mean things then use that to cancel them. Its too easy. How can you beat them? Only one way.

 

[rooster]

This thread explains what may be going on with Robinhood better than I can for those interested

 

[OakRiver]

He almost had her killed? So, by that logic, how many businesses is AOC responsible for during the "peaceful protests"? How many Trump supporters were assaulted that AOC is responsible for? How many Republicans were accosted and chased out of restaurants or stores that AOC is responsible for?

 

[smittygj]

Currently trading in after hours trading at $294

Current valuation of GameStop is 24.3 Billion Dollars

They have 4,400 locations in the USA.

That means each location theoretically is worth $5.5 Million Dollars each.

I don't know about your GameStop, but the one we have on the west side of Bloomington MIGHT be worth $30K on a good day....

 

[kickbacked]

Currently trading in after hours trading at $294

Current valuation of GameStop is 24.3 Billion Dollars

They have 4,400 locations in the USA.

That means each location theoretically is worth $5.5 Million Dollars each.

I don't know about your GameStop, but the one we have on the west side of Bloomington MIGHT be worth $30K on a good day....

It shouldnt be a real shocker to anyone that gamestop is worth billions. We've all went in and got .60 cents in store credit for a used game they sold for $45. /s

 

[DoggyDaddy]

It shouldnt be a real shocker to anyone that gamestop is worth billions. We've all went in and got .60 cents in store credit for a used game they sold for $45. /s

Not me. Never been in one of their stores.

 

[smittygj]

It shouldnt be a real shocker to anyone that gamestop is worth billions. We've all went in and got .60 cents in store credit for a used game they sold for $45. /s

So true. I think that was both of my sons first lesson in economics (at the time, one age 8, one age 17). They swore up and down they could take their old games and trade them in and get new games. I told them they would get screwed at the drive thru, but they insisted. So I let them gather their games together that they wanted to get rid of, and drove them to GameStop. They had something like 9 games they wanted to trade in, and they guy offered them about $12. My kids took their games back home and learned a valuable lesson....

 

[rooster]

Currently trading in after hours trading at $294

Current valuation of GameStop is 24.3 Billion Dollars

They have 4,400 locations in the USA.

That means each location theoretically is worth $5.5 Million Dollars each.

I don't know about your GameStop, but the one we have on the west side of Bloomington MIGHT be worth $30K on a good day....

The catalyst for this was the founder of chewy jumping onboard. He has the knowledge and ability to transform their business. Same way blackberry has.

blackberry doesn’t make phones anymore but they are becoming a big name in software.

 

[kickbacked]

So true. I think that was both of my sons first lesson in economics (at the time, one age 8, one age 17). They swore up and down they could take their old games and trade them in and get new games. I told them they would get screwed at the drive thru, but they insisted. So I let them gather their games together that they wanted to get rid of, and drove them to GameStop. They had something like 9 games they wanted to trade in, and they guy offered them about $12. My kids took their games back home and learned a valuable lesson....

Oh boy did I get taken as a child. Not just gamestop. Beanie babies, pokemon cards, by middle school i was set for retirement in my eyes.

 

[smittygj]

The catalyst for this was the founder of chewy jumping onboard. He has the knowledge and ability to transform their business. Same way blackberry has.

blackberry doesn’t make phones anymore but they are becoming a big name in software.

ie blackberry UEM, which is the software the us govt uses to enable their .gov or .mil email to be read on IPHONES.

 

[rooster]

Someone has some splaining to do

BOMBSHELL ALLEGATION: Man Claims To Be Robinhood Employee & Says The White House Pressured Halt of GameStop Trading - Breaking911

Fueled by the “WallStreetBets” Reddit forum, GameStop’s market value has risen over 466% this week. Thursday morning, Robinhood, one of the top free trading apps, put restrictions on trading $GME (GameStopCorp.) This action was immediately met with backlash across the internet. One Reddit user...

breaking911.com

 

[smittygj]

Now trading at $341