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29 Jan, 5 tweets, 2 min read
BREAKING: Class Action Complaint filed against Robinhood for their recent actions in the southern district of NY.

Finance executives should be going to jail over this.
If this goes to a jury I would be shocked if Robinhood won with so much press on this story.
“On or about January 27, 2021 Robinhood, in order to slow the growth of GME deprived their customers of the ability to use their service, abruptly, purposefully, willfully, and knowingly pulled GME from their app,”

CNN article about the lawsuit: cnn.com/2021/01/28/inv…
From what it seems like their TOS would halt this lawsuit from happening. Thanks to @hodapp and other people in the replies for linking this.
Legal Eagle coming in with the bad news. Sadly this class action lawsuit will most likely fail.

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More from @CopingMAGA

Coping MAGA Profile picture
28 Jan
Absolutely INSANE:

Robinhood is SELLING people's GameStop ( $GME ) shares WITHOUT their consent.

This HAS to be illegal 😬
Saw this and a similar screenshot circulating, trying hard to get the full order receipt on one or a screen recording.

If you have further evidence of this happening please DM me.
Seeing a few people on WSB saying it happened on non-margin calls.

@RobinhoodApp @AskRobinhood you need to release a statement about this if the claims about you closing potentially non-margin positions are false.

I'm just reporting on alleged user experiences.
Read 4 tweets
Coping MAGA Profile picture
28 Jan
.@GrahamStephan knows what's up, Robinhood has a lot of explaining to do.
This is further evidence that the financial industry wants it to make it impossible for poor people to make investments or get any wealth.
Hoping the Biden administration can put in place regulation to stop behavior like this from brokers.

It's not a "free market" if it's only free for rich people and massive firms.
Read 4 tweets
Coping MAGA Profile picture
28 Jan
Brokers like @RobinhoodApp are blocking their customers from buying $GME and $AMC.

This should be considered illegal market manipulation on their part, hoping Robinhood get sued into oblivion for this.
Robinhood uses Citadel to handle their order flow.

Citadel contributed to that $2.75B bailout for Melvin after retail traders started buying $GME.

Now $GME is blocked on Robinhood 🤔
$NOK appears to remain unblocked on Robinhood's platform, not sure how long that will last.

Robinhood users, this is a excellent time to switch over to @WebullGlobal
Read 4 tweets
Coping MAGA Profile picture
28 Jan
I hope Dominion puts these spinoff Fox networks out of business through lawsuits.
Serious question, what can be done about the people sucked into right-wing theories like QAnon?

It almost feels like they're just lost to society, but it hurts to accept that as reality.
On both sides, so much political extremism is driven by online radicalization. Young kids can get from watching a gaming video to racist videos about skull shapes.
Read 4 tweets
Coping MAGA Profile picture
27 Jan
🦀MELVIN IS GONE🦀

They have been forced to liquidate their Alibaba ($BABA) position and will likely go under by next week.

Their Point72/Citadel bailout just got vaporized.

@WallStreetBets just took down a financial institution worth billions, history was made this week.
@wallstreetbets If young traders with robinhood margin accounts can do this, just imagine what a general strike could accomplish 🤔
They will need to buy Gamestop at the current price at some point because of their short position, and with the recent price rise the loan they got yesterday is gone.

It would be an absolute miracle to get themselves out of this.
Read 4 tweets
Coping MAGA Profile picture
27 Jan
Wall Street? More like Cope Street.
for those not familiar r/wallstreetbets users bought a ton of GameStop stock and they also use call options to basically borrow more shares than they could afford. this volume caused it to spike, and not Melvin, a large financial firm is going bust because they....
... borrowed money expecting it to go down, but now they will have to sell their overleveraged shares at this insane pricepoint
Read 5 tweets

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