/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

[FatalTater]

I look at this whole thing and, when I take a break from laughing, I wonder if this is the thing that is a distraction from something important happening elsewhere, or if a big *something* is planned to draw our attention away from this.

 

[muh_moobs]

Wont that increase public anger and cause more radicalization?
How would a bailout affect the dollars purchasing power? Wont that destroy faith in the market? How would non American investors react?

Over a trillion USD were printed and put into circulation in the last year. The dollar already has no buying power. The collapse is inevitable, this is pushing the accelerator pedal.

 

[X Prime]

Holy shit I called it.

You did. I remember someone saying you were wrong, because if they did what you said they'd do everything "would burn."

So what kind of inferno do we classify this as?

 

[BalthasarGelt]

Things have slowed down a bit, Canadians and Europeans trying to hold the line for Americans to get on.

 

[Dr. Henry Armitage]

Them doing that is just asking for an angry mob

You cant threaten (nor punish ) people who got nothing to lose and see you as a mortal threat.

The normies I work with were talking about gme and they seemed worried the government would bail out the hedge fund. There was universal agreement that if they bailed them out after fucking over the american people with the covid lock downs torches and pitchforks would soon follow.

 

[Jimjamflimflam]

I hope in the end all of WSB members march on robin Hood, Melvin and other organizations shouting "Power to the players" as their rallying cry just to cap off this brief episode in the history of clown world.

 

[StudMccool]

"Politics had us meet as foes but wallstreet will make us brothers"
View attachment 1878079

Maybe the real market manipulation was the friends we made along the way

 

[mindlessobserver]

Holy fucking shit are they fucking insane?

I am not sure how Robinhood structures itself, is it just a market terminal interface that has zero liability over your choices in the market? Or is it structured more like a market fund with fiduciary responsibility for the money in its accounts? The answer to this question is important because if its the latter then what they are doing here is super scummy but not illegal. If its the former then its double plus illegal.

 

[haurchefant]

You did. I remember someone saying you were wrong, because if they did what you said they'd do everything "would burn."

So what kind of inferno do we classify this as?

They'll be lucky if the worst thing that happens to them is lawsuits. Holy fucking shit I cannot believe they're this stupid and this desperate. It would have been fucking cheaper in the long run to take the loss.

 

[thismanlies]

https://twitter.com/ArkhonDH/status/1354834763245359111

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Can't you poor pieces of shit see we're doing this for your own good?

 

[Jimjamflimflam]

So I've spend the last twenty minutes or so trying to figure out how to buy stock in the UK and what I have learned is that everyone and their mom doesn't want to explain shit in basic English.

Sorry friend but you got to speak the national language of England, Urdu, to get clear instructions.

 

[draggs]

Hold the stonk

HOLD THE STONK

HOLDTHESTONK

HOLDSTONK

HOLSTONK

HOSTONK

HOOOOSTOOOOONK

 

[MightyBiteySnake]

https://twitter.com/ArkhonDH/status/1354834763245359111

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This doesn't seem legal

 

[DeadFish]

You did. I remember someone saying you were wrong, because if they did what you said they'd do everything "would burn."

So what kind of inferno do we classify this as?

The Karmic soberity test?

 

[KimCoppolaAficionado]

This doesn't seem legal

It isn't. Anyone who puts a nickel in Robinhood from now on gets what they fucking deserve.

 

[mindlessobserver]

100 pages! TO THE MOOOOOOOOOOON

What a glorious shit storm this is.

 

[Bloody bunny]

The normies I work with were talking about gme and they seemed worried the government would bail out the hedge fund. There was universal agreement that if they bailed them out after fucking over the american people with the covid lock downs torches and pitchforks would soon follow.

Please let them be that stupid.

 

[haurchefant]

I am not sure how Robinhood structures itself, is it just a market terminal interface that has zero liability over your choices in the market? Or is it structured more like a market fund with fiduciary responsibility for the money in its accounts? The answer to this question is important because if its the latter then what they are doing here is super scummy but not illegal. If its the former then its double plus illegal.

Hopefully someone can answer this. When I logged on to it there was just a portal to transfer money and you could buy stock really easily. However if they were the first one with no liability over your choices, then aren't they violating something by selling stock without permission because of the liability?

 

[Hollywood Hitler]

I am not sure how Robinhood structures itself, is it just a market terminal interface that has zero liability over your choices in the market? Or is it structured more like a market fund with fiduciary responsibility for the money in its accounts? The answer to this question is important because if its the latter then what they are doing here is super scummy but not illegal. If its the former then its double plus illegal.

I was watching Daywave, and Royce had a guy on explaining that Robinhood is saving their own asses because they could lose their Brokering license.

 

[Bill The Fucker]

ROBINHOOD AND THE THIRD PARTY PROVIDERS WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, REVENUE, INCOME, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF ROBINHOOD OR ANY THIRD PARTY PROVIDER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (1)THE USE OF OR THE INABILITY TO USE THE CONTENT OR THE SERVICE; (2) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO, THROUGH ORFROM THE SERVICE; (3) ACCESS TO OR ALTERATION OF YOUR ACCOUNT, TRANSMISSIONS OR DATA DUE TO YOUR CONDUCT, INACTION OR NEGLIGENCE; OR (4) ANY OTHER MATTER RELATING TO THE CONTENT OR THE SERVICE

Even selling your stock for you is covered in the TOS. It's going to be hard as fuck fighting this in court.