If I lost money on a #amcstock YOLO bet, fair enough, I wouldn't be as convicted. But if I lost because @RobinhoodApp plays dirty, we will bring it to the moon. #wallstreetbets
When the history of this month’s stock mania is written, it may be a story of how retail traders challenged Wall Street’s status quo — and ended up battering their beloved Robinhood too https://t.co/lBXKCjmb4H
@perrynoble TLDR:
1. Last week wall street hedge fund bet against GameStop and say the stock worth $30
2. Reddit: screw you I'm pushing it to $250
3. Hedge fund proceed to bleed money
4. Hedge funds tells Robinhood to block trades that bet against them
5. I proceed to bleed money
Pandemic Day 25: I made bread :)
Day 95: I sure do miss my friends
....
Day 310: The White House appears to be under the control of a shirtless man in a Viking helmet
Day 330: Reddit’s coordinated attack on Wall Street is going as planned
Pro Tip
Don't call yourself Robin Hood if you are going to turn your back on the folks in Sherwood forest after one phone call from the Sheriff of Nottingham
@RobinhoodApp#RobinHood
A marketing case study, feat. @RobinhoodApp:
Years to build the brand?
8 years
Time it took to destroy the brand?
8 hours
All it takes is one moment to turn your brand “for the people” to “against the people.”
#Robinhood $GME $AMC
there is nothing funnier than going against "market fundamentals" on purpose and pumping up a stock price purely out of spite against hedge funds. ultimately ik institutional investors will still win this battle but rn it's great to watch them flail around crying to the referee.