Robinhood denies claims that it sold GameStop shares out from under its traders

Re:Robinhood denies claims that it sold GameStop shares out ... by jliptzin on Friday January 29, 2021 @09:12PM (#25965327)

Conspiracy theory: This entire GME squeeze was orchestrated by one/many of Robinhood’s competitors who spotted this weakness and knew exactly how to leverage the masses to exploit it and drive RH out of business.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by ogre_codes on Friday January 29, 2021 @09:24PM (#25965382)

I think the much simpler "conspiracy" is that a few people in WSB have been using the platform to pump and dump stocks and this one just got a little out of control.

RH has fucked up a bunch here, but there are some folks who are going to make a killing on this (maybe already have). It's quite possible there are a few front-runners on WSB who are talking GME up like mad even as they quietly sell off shares for a big profit. The front runners have big profits on this deal.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by monopoledance on Saturday January 30, 2021 @01:36PM (#25971611)

Sorry, but this really isn't just a WSB pump and dump. The real issue is what the hedgefonds did before WSB even got involved.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by sidlls on Friday January 29, 2021 @09:20PM (#25965372)

Yeah, no. This is similar to Republican claims of election fraud: it's entirely plausible (and downright indefensible to not believe) that voting machines are subject to manipulation, but at the same time there's just an astounding lack of evidence any such manipulation exists.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by jliptzin on Saturday January 30, 2021 @09:48AM (#25969487)

I agree but it's fun to wonder

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by bluGill on Friday January 29, 2021 @09:38PM (#25965471)

there clearly has been manipulation of some sort. However not anywhere near enough to turn the election. A couple dead people who voted here and there needs to be investigated, but 10 votes in a state don't change any results.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by imwillofficial on Friday January 29, 2021 @10:37PM (#25965762)

What are your sources? I haven’t read that 10 fraudulent votes number anywhere. I did watch the video with the woman unpacking the suitcase full of ballots. That wasn’t her best day for sure.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by fabbari on Friday January 29, 2021 @11:57PM (#25966253)

  Hi, looking for the video - the ones I saw were two from Georgia, both showing regular ballot boxes being counted. Could you provide a link?

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by imwillofficial on Wednesday February 10, 2021 @12:51PM (#26092444)

That’s the one, and there was nothing “regular” about ballots being counted while everyone else was kicked out of the room for the night.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by grupthink on Saturday January 30, 2021 @02:15AM (#25967014)

Fake news. Please do a quick Google search.

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by imwillofficial on Wednesday February 10, 2021 @12:51PM (#26092455)

I reverse your fake news! ballots being counted while everyone else was kicked out of the room for the night is fraud.

[ Parent | on HN ]