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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by slg on Thursday January 28, 2021 @12:38PM (#25945417)
These companies are still businesses. They won't care if you, a single retail investor, screw up and lose a lot of money. However it is dangerous for the future health of their business if a sizable portion of their retail investors take a bath on this, get turned off by that experience, and end up stop using the service.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by imtringued on Thursday January 28, 2021 @01:19PM (#25946294)
You aren't thinking straight. Millions of people bought GME for a single reason and Robinhood denied them that reason. If anything this is going to piss them off even more.

I don't even have a Robinhood account and it is now guaranteed that I will never use Robinhood in my entire life because they are total scumbags.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by slg on Thursday January 28, 2021 @01:34PM (#25946601)
Those people might be angrier at this specific moment, but I don't think that will last long. Losing real money currently in your possession is always going to be more painful than losing out on future earnings that were always theoretical. Once GME drops back down to some normal levels, which is only a matter of time, the anger of restricting trades will fade. The anger from people who lost a lot won't fade as easily.

I don't have a Robinhood account either. They are plenty of reasons why I would avoid doing business with that company. I still don't think this is as bad a business move as some people here are claiming.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by HappySweeney on Thursday January 28, 2021 @12:58PM (#25945827)
How will those investors feel when they are paternalistically told the trade they want to make is too risky, and then end up losing out on 3x gains as a result?
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by llampx on Thursday January 28, 2021 @02:32PM (#25947670)
Let's not beat around the bush, RH doesn't care about it's users, it cares about it's clients. Including Citadel, who has a LOT to lose if all the options are ITM tomorrow.