Investing General Discussion

Jackie Treehorn · Jan 28, 2021

Airisch said:

No fucking way. Would that even be legal?

Airisch · Jan 28, 2021

Jackie Treehorn said:
No fucking way. Would that even be legal?

It's probably buried somewhere in the eula. Not to mention any lawsuit will be cheaper than the 100billion loss citadel was looking at.

Fogel · Jan 28, 2021

Jackie Treehorn said:
No fucking way. Would that even be legal?

I'd hope not, only way they should be able to sell your assets without your permission is if there are margin calls which you acknowledge. This would be pure bullshit

Ishad · Jan 28, 2021

Robinnhood cares deeply about your risk and also hopes no one remembers this:

Robinhood Left the Unlimited Margin Glitch Unfixed for Nearly a Year

How has no one pointed this out?

pennystocks.com

Tarrant · Jan 28, 2021

Holy shit, what?

Blazin · Jan 28, 2021

Not sure how it would be handled when they change margin requirements after you entered a position, to just liquidate it doesn't seem right but it wouldn't surprise me if the terms state that they have that power.

Indyocracy · Jan 28, 2021

400 more amc at 9.8, let's go! (Work making me miss it at 6.....)

Airisch · Jan 28, 2021

ROBINHOOD AND THE THIRD PARTY PROVIDERS WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, REVENUE, INCOME, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF ROBINHOOD OR ANY THIRD PARTY PROVIDER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (1)THE USE OF OR THE INABILITY TO USE THE CONTENT OR THE SERVICE; (2) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO, THROUGH ORFROM THE SERVICE; (3) ACCESS TO OR ALTERATION OF YOUR ACCOUNT, TRANSMISSIONS OR DATA DUE TO YOUR CONDUCT, INACTION OR NEGLIGENCE; OR (4) ANY OTHER MATTER RELATING TO THE CONTENT OR THE SERVICE

Gravel · Jan 28, 2021

Airisch said:

I can't imagine those are actual shares being sold by Robinhood. Margin call - sure.

That would be so incredibly fucking illegal that people would go to actual prison.

hory · Jan 28, 2021

What about these companies, the platforms are basically killing the value of their shares? How are they not up in arms ?

Kuro · Jan 28, 2021

Only people getting jail time are the financial terrorists who bought GME stock, at least, I assume that's the clownworld outcome

TomServo · Jan 28, 2021

for

TJT

Gravel · Jan 28, 2021

hory said:
What about these companies, the platforms are basically killing the value of their shares? How are they not up in arms ?

They're still way up compared to a week ago. But yeah, if I'm on the board of Blackberry or Nokia, I'm sitting here like what the fuck?

Kiroy · Jan 28, 2021

Gravel said:
They're still way up compared to a week ago. But yeah, if I'm on the board of Blackberry or Nokia, I'm sitting here like what the fuck?

bb and nok aren't zombie companies like amc/gme so it's a little diff

Sanrith Descartes · Jan 28, 2021

Jackie Treehorn said:
No fucking way. Would that even be legal?

At this point they are trying to avoid being on the hook for the avalanche of losses they see coming their way. I am telling you bankruptcy protection is in the immediate future.

Sanrith Descartes · Jan 28, 2021

Airisch said:
ROBINHOOD AND THE THIRD PARTY PROVIDERS WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, REVENUE, INCOME, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF ROBINHOOD OR ANY THIRD PARTY PROVIDER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (1)THE USE OF OR THE INABILITY TO USE THE CONTENT OR THE SERVICE; (2) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO, THROUGH ORFROM THE SERVICE; (3) ACCESS TO OR ALTERATION OF YOUR ACCOUNT, TRANSMISSIONS OR DATA DUE TO YOUR CONDUCT, INACTION OR NEGLIGENCE; OR (4) ANY OTHER MATTER RELATING TO THE CONTENT OR THE SERVICE

Your conduct: Buying stock we dont want you to buy.

Tarrant · Jan 28, 2021

swayze22 · Jan 28, 2021

I hope portnoy dies on this hill for the little people. He will become next president of the US if he does lmao

nevergone · Jan 28, 2021

They hit stash too.

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Investing General Discussion

Airisch

Ahn'Qiraj Raider

Jackie Treehorn

Airisch

Ahn'Qiraj Raider

Fogel

Mr. Poopybutthole

Ishad

Ahn'Qiraj Raider

Robinhood Left the Unlimited Margin Glitch Unfixed for Nearly a Year

Tarrant

Blazin

Creative Title

Indyocracy

Stock Pals Participant

Airisch

Ahn'Qiraj Raider

Gravel

Mr. Poopybutthole

hory

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Kuro

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TomServo

Gravel

Mr. Poopybutthole

Kiroy

Marine Biologist

Sanrith Descartes

Veteran of a thousand threadban wars

Sanrith Descartes

Veteran of a thousand threadban wars

Tarrant

swayze22

Elite

nevergone

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