#Ban Bet Lost
/u/sandpipa78 (6/4) made a bet that BBBY would go to 50.0 when it was 22.49 and it did not, so they were banned for a week.
Their record is now 6 wins and 4 losses
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whats stopping mms from just telling each other when they're gonna pump/sell and continually making each other money? GME debacle shows SEC clearly doesnt give a shit if they do. only thing that would stop them is a fucking civil war
Kind of weird because they want the stock market down. Dude at McDonald’s was literally wearing a partial owner AMC sweater, like that’s the shit the Fed has to eradicate, in my gay bear opinion
becoming the top brokerage used for retail investors.
That's not true. It was always significantly smaller than other brokers.
Significantly smaller then other brokers in what metric? I would say Robinhood was the number one brokerage app in the App Store during the pandemic.
Since the peak of GME what has Robinhood done? They have seen a major reduction in user growth, a negative stigma within the investment community, pushing shitcoins to users as a way to be ‘innovative’ and has seen a full year of quarterly missed earnings.
All broker revenues and earnings are down relative to the outsized performance during the pandemic. And Robinhood is significantly less diversified than other brokers.
Agreed, there are macro forces at work but out of the brokerages out there who is the smallest in regards to asset under management and is probabaly weaker in economic down turn? For example Robinhood is down close to 45% in revenue YOY fidelity is down 30%
On top of all this, the red flag of a company that IPO to grow capital to solve for liquidity issues and their stock price is pushing lower into a further liquidity struggle. When does the bubble burst?
Stock price itself doesn't affect liquidity
I disagree
I am stating that (a) yes there are poor market conditions but (b) Robinhood may not be the strong enough to with stand both the macro level down turn and the multiplies of negative consumer centiment
There has been no light at the end of the tunnel for Robinhood, they are not an established company and/or name…. Plus it looks like they have been making some highly questionable/risky purchases in crypto.