Originally published at: Robinhood Gets $1 Billion After Blocking GameStop Buys | Infostormer.com
It looks like Robinhood was literally bribed to block people from buying GameStop stock yesterday. They received $1 billion in emergency funds from Wall Street.
Robinhood to reopen GameStop buying after $1 billion raise https://t.co/lZqGUEnDk1 pic.twitter.com/86TiemCz5s
— Mashable (@mashable) January 29, 2021
Robinhood raised $1 billion in emergency funds as the platform struggles with a Reddit-fuelled trading surge https://t.co/PmVbmr6bCL pic.twitter.com/Huw9STiIWe
— Forbes (@Forbes) January 29, 2021
Needless to say, what Robinhood did was highly illegal, but since laws are selectively enforced, it is doubtful anything will happen to them.
But in taking this payment, they have lost the trust of their customers who no longer view them as a viable trading platform. It is especially comical when their entire brand of “Robinhood” is based around the idea of giving the little guy access to the stock market. They can no longer market themselves as such a platform considering they just took a billion dollars from Wall Street while telling the average person they can’t trade certain stocks.
These people are definitely having a hard time containing this situation and they’ve only made their problems worse by engaging in this unethical behavior. Even the most retarded of normies are seeing that the stock market is a rigged game.