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

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by techsupporter on Thursday January 28, 2021 @11:46AM (#25944636)

> you will see advertising from big shot lawyers on national TV welcoming you into class action lawsuits

Like all darling start-ups, Robinhood has a section of its terms of use whereby users give up their right to sue.

Because courts are only for the rich and those with the power to negotiate. The rest of us clicking on take-it-or-leave-it contracts can pound sand.

Section 38: https://cdn.robinhood.com/assets/robinhood/legal/Robinhood%2...

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by WrtCdEvrydy on Thursday January 28, 2021 @11:57AM (#25944836)

What if you're not a user and these trade restrictions affected your trades outside of the RH platform?

It's illegal to dump products on a market (physical products) below price... yet some a-hole can force their plaform into "sell-only" mode and it's all cool.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by f-word on Thursday January 28, 2021 @01:11PM (#25946114)

Hi! Sorry, not an american.

Exactly how is it legal to forego your right to a fair trial on an "agreement" between two parties who for any intents and purposes do not know each other?

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by jaywalk on Thursday January 28, 2021 @01:22PM (#25946367)

Clauses like this are put in there to try and protect from nuisance lawsuits. But in a case like this, it will certainly not protect them.

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