As if it wasn’t bad enough that Robinhood prevented people from buying GameStop stock the other day, they have now decided on Friday to limit trading on 50 stocks. Limits were even placed on bigger names like Starbucks and General Motors.
Robinhood limits trading on 50 stocks including GameStop ( $GME ), Starbucks ( $SBUX ), and General Motors ( $GM ).https://t.co/7NZyz6iYjn
— TheStreet (@TheStreet) January 30, 2021
Robinhood is obviously in a ton of trouble if they are implementing these restrictions.
The bulk of their money was made by selling trader data to hedge funds who would use that data to try and front run the market. You could argue that this practice is at best unethical and should be illegal, but it is a practice that exists on Wall Street that the big players have taken advantage of. This is basically how Robinhood was able to let people trade stocks for free.
Specifically, they sold their trader data to Citadel. This firm just so happened to be one of the firms alongside the Jewish Point72 run by the Jew criminal Steven A. Cohen, that bailed out Melvin Capital. This was the hedge fund that got smashed due to their short position in GameStop stock that blew up after the /r/wallstreetbets crowd went long on the stock.
It also appears as if Citadel demanded that Robinhood prevent its clients from buying GameStop stock to push the stock’s value down so they could sure up the short position they inherited from Melvin. They even provided Robinhood with a $1 billion lifeline/bribe before all this happened.
This guy said it best.
Just to be clear, Citadel, one of the largest clients of RobinHood, bailed out Melvin. Days later, RobinHood shut down purchases of $GME and other volatile names.
Yes, the game is still rigged pic.twitter.com/5IC3pShFvJ
— Nate Anderson (@ClarityToast) January 28, 2021
This resulted in the public relations disaster we have been witnessing unfold over the past few days.
Jewish Google even helped out Robinhood by deleting over 100,000 one star reviews from their app following this debacle.
Google just deleted over 100,000 one star reviews from the Robinhood app. pic.twitter.com/ILLBgTppkg
— Mark Dice (@MarkDice) January 29, 2021
Some have said that this was the most blatant and obvious market rigging in the history of Wall Street. I have no reason to doubt them, because usually this type of rigging is done behind closed doors. This was just out in the open for everybody to see.
Needless to say, customers are fleeing Robinhood in droves because they no longer have confidence in the platform. And why would they when they are arbitrarily placing these restrictions on what you can buy.
There is a chance that the company might be insolvent come Monday unless they receive huge cash infusions. What’s happening to Robinhood is in some respects similar to what happened to Lehman Brothers during the 2008 market crash.
If anything, it just reveals how stupidly rigged this entire Jewish casino known as Wall Street is. It’s an absurd joke at this point.
