Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by Pulcinella on Thursday January 28, 2021 @10:30AM (#25943342)

There are other ways of applying pressure. AWS hosting Wikileaks was not illegal but they were still pressured to stop hosting if they wanted lucrative hosting contracts with the federal government.

Now I doubt Reddit has huge contracts with the government, but I’m sure the government could find something to harass them with if it wanted to. Drive long enough and a cop will eventually find a reason to pull you over.

https://www.theguardian.com/media/2010/dec/01/wikileaks-webs...

http://scripting.com/stories/2010/12/28/usGovtABigUserOfAmaz...

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by elliekelly on Thursday January 28, 2021 @11:26AM (#25944349)

Definitely. It wouldn’t at all surprise me to find out reddit was being pressured in some way but I think that pressure is far more likely to come from investment folks than regulators. And I think elite investor class pressure would be far more threatening & potentially costly to reddit than anything the SEC might be able to dig up.

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