Ten years ago I’d know about this fucking retard on day 1. But because I am getting older and less in touch with FUCKING RETARDS, I did not. Apparently, folks from Reddit have figured out schemes to get FREE BUYING POWER from the morons at Robinhood. One moron, took a $2k account and levered it 25x and ended up -$60k.
What do you fuckers know about this?
UPDATE: They are planning to bankrupt Robinhood.
More from the retards.
Robinhood is fucked
LOOOOOOOOOOOOOOOOOOOOOOL
Robinhood traders should all be forced to live in California and fight the wildfires
LOL! It’s called “Robinhood” for a reason.
Awesome post Fly and awsoem commetn.
Yet another reason why less regualtion isn’t always good.
What does regulation have to do with this?
So you think thta it is hust a few guys that were playing the lottery? For each buffoon at 20x there are 100 at 5x.
Robinhood is targeted at novice investors. Once they use margin and it works out for them, do you think they’ll handle it well when postions turn against them? The purpose of Regualtion T is protecting novice investors from gettign in over their head.
This is why I am putting my HARD (HARDLY?) EARNED government checks into GOLD COINS the value will never go to zero nor NEGATIVE and I will never be a sinner because GOLD comes directly from GOD and it’s value will flourish when all the grifting STOCK AND OPTIONS MARKET TRADERS are FLUSHED DOWN THE TOILET.
OK BOOMER
Hallelujah!
Come on this is god tier comedy
I laughed but now I feel sick.
so Robinhood gets alerted to retards, then changes the margin algorithm…big whoop.
Car salesman: “Um… some guy has been out for a test drive and he isn’t back yet.”
Manager: “When did he take out the car”
S: “Yesterday”
M: “What happenned when you tried to call him on his phone number?”
S: “What phone number?”
M: “Well, you did get his name, right?”
S: “Of course. It’s moonyachts.”
M: “…”
M: “Ok, well next time make sure to get full info and a copy of the customer’s driver’s license…big whoop”
If a guy has 3x margin and can’t pay, it’s his problem. if he has 20x margin and can’t pay, it’s your problem.
Will the car dealership lose some money, yes. Will they go bankrupt, probably not.
but more regulation should fix it.
Said no one ever…with a brain.
You missed the point. It’s not often that we get an unvarnished inside view of a company.
You see this as: “Robinhood lost a few $100k, maybe a million”
I see this as: “Robinhood personnel are incompetant, because they can’t even get the easy stuff right.”
what the crap? Is this real?
This is brilliant. I usually just hire homeless people to crap on people’s front doors. The homeless are truly an untapped resource, Mr. Fly.
Would be interesting to see what’s going on at Robinhood HQ today.