Robinhood Gets Extreme Backlash for Removing AMC and GameStop Stock
01/28/2021 02:33 pm EST
"These MFers are protecting the hedge funds, IMO. They've been getting rich for DECADES off the little guy who loses his house in the market, but when it happens to them they have the power to stop us from trading. It's the biggest SHAM in our country," one Twitter user wrote.
"The app is also canceling prior purchases and acting as if the consumer made the decision but money is not being returned to bank accounts!" another said.
"Seriously. I'm not shedding a tear for anyone involved in playing this game, but when the trading houses basically step in to protect the portfolio profits of hedge funds at the expense of retail investors, that is [Prima facie] rigging the system. Has to be investigated," someone else said.
"These apps like [Robinhood] market themselves as trading platforms for the independent investors. But now you can see who they are really looking out for," another wrote.
"It's market manipulation of market manipulation in response to market manipulation. Only answer, no more shorting stocks for anyone. They play with [companies'] value to make money and no care for the company. It's wrong," someone else said.
"Robinhood and TD Ameritrade should face severe consequences for the stunt they pulled today, absolutely ridiculous!" another said.
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