IBKR CEO reveals REAL reason GME was halted, Vlad misled us again

[@ryuisonline8816]

"I appreciate the question, it's a very important question and i'm glad you asked it"

[@gabrield5202]

I wAs BoRn In bUlGaRiA

[@speisequark2]

BLA BLA BLA

[@thebomber11]

I appreciate your comment, it is a very important comment and I'm happy to have the opportunity to reply

[@RobynTapps]

Reminds me of the debate between a Turd Sandwich and a Giant Douche...

[@lucasglowacki4683]

Lmao! What a tool! “Yeah! We know man!...”🙄

[@angeldavila4669]

they cheated tons of retailers. total fraud.

[@Robb1n11]

and the sad thing nothing will happen

[@moneyprintergobrr6501]

Retailers were net sellers before Robinhood halted trading

[@joeykeilholz925]

Sounds like we need to turn selling off for two weeks as repayment.

[@Jproulx426]

Sounds like short selling over 100% of the stock is the problem.. sounds like robinhood owes the boys some money and the hedgies should pay up.

[@robr2049]

No matter how the chips fall hedges will get bailed out by the taxpayers.

[@Lordslothable]

Insider trading is the problem

[@Hillbilly80808]

In that case, Robinhood owes everyone a small fortune. I trade with TD, but my shares tanked because RH stopped buying.

[@dkell1597]

What a system

[@thatoneguy9459]

Sounds like you making a lot of sense to the boys

[@tulgold7892]

Prison that’s what should happen

[@Somanybeats]

lol

[@limitedtime5471]

We can dream

[@megabeep8460]

firing squad

[@nintexoo]

When I get margin called, my broker calls me within 24 hours and demands that I fulfill my end of the liability (I signed a binding contract by hitting "sell") to ensure the short is maintained. When these big money pools get margin called, they get favoritism. No wonder Doge coin is going up. This system is a joke.

[@harmhoeks5996]

Or just hold GME and don't be afraid

[@micahwatson9017]

There needs to be a class action suit by all GME shareholders against citadel, Melvin Capital, DT2, and Robinhood. That is conflict of interest, collusion, and market manipulation all bundled together.

[@j23j232002]

That was an idea to kick that can further down and perhaps face class action which takes time, and even if they have to pay every shareholder for a loss it is still better than going belly up.

[@langstonlyle6211]

I guess Im randomly asking but does anyone know of a way to log back into an Instagram account..? I stupidly forgot the password. I would appreciate any tips you can give me

[@hudsonporter6065]

@Langston Lyle instablaster :)

[@langstonlyle6211]

@Hudson Porter I really appreciate your reply. I got to the site thru google and I'm in the hacking process now. Seems to take a while so I will reply here later when my account password hopefully is recovered.

[@langstonlyle6211]

@Hudson Porter it did the trick and I finally got access to my account again. I'm so happy! Thanks so much, you saved my ass :D

[@gabrield5202]

I thought DFV was a cat, turns out he's actually the G.O.A.T 🐐

[@erikrungemadsen2081]

Anyone would be proud to have him as their wifes boyfriend.

[@bryaghommadon9485]

especially after doubling down on GME shares today

[@muratg2972]

@@bryaghommadon9485 THIS IS THE WAY

[@titan4809]

I transferred all my stocks and deleted Robinhood App from phone.

[@danielangstrom4456]

You're just gonna play with the market makers that SOLD MORE CALL OPTIONS ON GME THAN THERE ARE SHARES AVAILABLE TO COVER - from a different app? Stop pretending you're not a compulsive gambler.

[@natevanderw]

@@danielangstrom4456 What?

[@jacoblawson5243]

@@danielangstrom4456 what drugs you taking?

[@Money_Co]

same here

[@darkcognitive]

@@danielangstrom4456 he’s moved to a different app because robin hood halted buying at a very crucial time when other apps didn’t. This has absolutely nothing to do with compulsive gambling, wtf are you even talking about? Everyone is well aware that the stock was over shorted, that’s not the reason he moved to a different broker, dumbass.

[@GrimsBar]

Lending out shares without the knowledge of the user is theft IMO. You dont steal someones car and lease it out. There is no difference.

[@maonike7]

That's why when you open an account with RH they give you margin automatically, you are signining a loan and hypothecation agreement without knowing what you are signing. Is it illegal? technically no

[@parastroika2393]

Watching a billionaire sit there and explain how system protects them from losses makes me angry.

[@EyezaGotSKILLZ]

Hey man, at least he’s being honest as opposed to that chickenshit, Vlad. And most people would have done the same in his position. The domino effect of huge financial decisions going wrong is what led to the Great Recession in 2008. Not saying this would have been anywhere near that in terms of effect. But it would suck if we lost interactive brokers to bankruptcy, they’ve been around forever.

[@likemysnopp]

Anger do arrive from that a person does not understand a thing. And this makes the person angry. So I understand that you become angry, because that is what stupid people do

[@matsveritas2055]

Infuriated. Why am I not allowed to axe them the way they axe entire nations?

[@Franklin1234LJ]

I want my stolen hedgy tendies

[@oakinvestment5371]

Vlad Tenev was in a hurry at the hearing because he had to go to quidditch practice

[@alexanderantoniok8552]

You killed me bro

[@Carson_Van_McUber]

One thing I learned in life, and I've saw this many times. The person who is lying to you spends more time than anyone else trying to convince you that they aren't lying. Did any of these other brokerage CEO's go on a tour across the television and the internet? They may have done a couple of interviews, but not like the Robinhood CEO. Vlad's actions spoke louder than the words coming out of his mouth.

[@radarinfinite1032]

Robin hood was made the poster child for the stoppage. Most brokers did the same action but don't get 1% of the blame.

[@Jgrs1026]

@@radarinfinite1032 I'm on Fidelity and they never halted trading

[@thesummerland6165]

@@Jgrs1026 I think only Fidelity and Vanguard didn't. if not mistaken TD, Merrill, Schwab, Webull, all did and prepared statements why they would be limiting retail purchasing

[@Carson_Van_McUber]

@@radarinfinite1032 robinhood also Restricted trading for these stocks for a few days after this as my other brokerage accounts in webull and Ameritrade only did this for one day. I still don't trust a guy when they go on a tour of interviews across tv and the internet.

[@TheSiriusEnigma]

Lending stuff that doesn’t belong to you is called theft.

[@chlyon]

T's and C's

[@TheScubaFam]

The Hedgefunds were about to lose the game & instead they called an illegal timeout told the refs to tell the other team they could only play defense for the rest of the game. HFs are completely ok with the companies they short sell going bankrupt, why is it any different.

[@sang3Eta]

They were losing, so instead, decided to cheat the free market. There's a law against running organized rackets, it's called RICO, and you can claim 3x your loss. The solution is to have shares in the buyers name, not the brokers!

[@Cotran61]

This guy figured DRS when we all were smoothbrained

[@Laissez_Faire]

That’s why I always set a really high limit sell on my stocks so robinhood cant lend them out

[@natevanderw]

yeaaaaaa

[@natevanderw]

Not sure if that would work on robinhood though because account is automatically a margin account. Your account needs to be a cash account.

[@richardhaas39]

@@natevanderw Correct.

[@mateo-6965]

@@natevanderw is there an easy way to change to a rh cash account? I've searched but no definitive instruction. Thank you if you can help!

[@natevanderw]

@@mateo-6965 unfortunately I dont think there is. Robinhood is meant to be a super simplified broker that also screws you over in some situations. As you get more serious move to a different platform

[@IntheEndAhNevermind]

Robinhood lends “user” shares without asking and without paying a fee. Wow. They really need to make it clear that an Instant account is a margin account and thus they can do the above.

[@StreyX]

Ahh, so they lied twice over. They had a liquidity problem and it was in their own interests.

[@RobertSmith-gx3mi]

Betting against a hedge fund in the hopes that they go out of business and you make money doesn't sound all that different from what a short seller does. In fact it almost sounds like the Achilles heel of a Short seller.

[@tommymatthews4984]

They broke the rules to save their ass. You think they'd do it for one of us?

[@Ilkanar]

2008 they got bailed out, so why not now to cover at whatever price shares went to? That would be a good wealth transfer to gme holders, could change so many lives of poor people, but no its easier to fuck up the little guy.

[@Bdpjev]

When you have vested interest in whether or not your borrowers go bankrupt as a result of not being able to cover a position, and you halt other business transactions contradictory to those very positions that you are also obligated to fulfill, that means you are manipulating transactions. Giving preferential treatment to some transactions all the while denying others. Illegal and every broker who did this should be fined or go to jail

[@poohshmoo9892]

#1 I would fine heavily Robinhood CEO for his haircut style #2 I would fine him for Everything else

[@HardcoreDuce]

# Fine + jail him for 400 years

[@kazmer123]

So whats next? Just ignore all the retail losses and go on? Can't be right? How can they undo what they done (not like they want, but if the SEC forces them)?

[@Nonx47]

I'm wondering the same thing. If they fine them they need to fine them a significant amount. Not the mere millions like previous years, it needs to be in the billions.

[@michaelrunnels7660]

What's wrong with Melvin Capital and DTCC going bankrupt? Sounds like a good idea to me.

[@skie6282]

Well, you see, when i was a boy in bulgaria

[@Mondrayish]

Is it just me? I kinda like and trust Thomas Peterffy a lot more after his interviews with Bloomberg and CNBC. He seems more human than Vlad the stock impaler with his "I appreciate you question Madam Chair. When I was a boy in Bulgaria..." response to everything.

[@mcconlogue1898]

Vlad's balls never descended. He compensates by double talk.

[@Tiki71]

This old guy is one of the voices in Skyrim!

[@mikumikuiyada]

The biggest problem is that people think that stuffs in the world should be free. Free trading, free phone free apps. like whats wrong with you? if robinhood is free, then you are sacrificing something. if phone apps are free, than you are sacrificing something. If you want something free, you have no right to complaint about the product. since you are the product.

[@TariQ-nx3uz]

Someone is always playing for the "free lunch".

[@randyross5630]

Others Brokers pay you to allow your Shares to fronted out to b shorted... Why would people want to Buy a Stock if it has a Short that comes with it. I wouldn't want people using my stocks to short, they are betting against me, and tugging it against me, with my own stock!

[@erikrungemadsen2081]

That is why you are not supposed to know.

[@djgg8156]

What brokers do that? So I can support them

[@randyross5630]

@@djgg8156 Who the Duck Do you think you are asking Questions too? I ask the Questions around HERE! What's your mom'z Tinder?!?

[@samverstraeten4626]

@@djgg8156 The ones that make you pay commission and carrying costs and all that stuff prob.

[@chicopendejo]

@@djgg8156 Webull allows you to choose if you want to allow your shares to be borrowed out. But they pay you interest & you have to opt in for it.

[@eyob8969]

"I would first like to say, i was born in bulgeria..."

[@mrgreenmooshroom8651]

I want my thousands! Wall Street Millennial should have been asking the questions in the hearing, not those BOOOMERS

[@jointosrs8480]

These hedge funds had no choice it was literally a sink or swim moment for them. If they had not done what they did they would cease to exist. Very fun to think about!

[@danielgagne485]

Why didnt anyone questioning Vlad bring up the fact that rh is lending out customer shares to shortsellers? Did they not know to ask? Or is it something else?

[@thedarkpools4598]

That's a very good question, I'm glad you asked that. -It all started when I was young boy in Bulgaria.

[@CardinalHijack]

Freetrade in the UK also halted gamestop trading as well as Trading 212.

[@jaydavidson4592]

Sooooo...... they're just never going to let the squeeze happen on GME or AMC? They've obviously figured out how to manipulate price down and wait out shareholders. FFS, I wanna see it actually happen

[@samverstraeten4626]

I'm getting out of the american market, too sketchy for me.

[@nomooon]

@@samverstraeten4626 gme was a sketchy event by itself, the people who propped gme to 400 were not innocent traders, they wanted war with the institutions and they got the spanking that everyone knew was coming...

[@samverstraeten4626]

@@nomooon That's the main reason I got in. But I was ready to lose that cash. But after getting in and lookin' into all of this you get to see the scale of all of this. This is just some messed up sh*t.

[@MrTopparwear]

@@nomooon showing us how "smart" these rich people are.. they would rather erode the US stock market then have a friend go bankrupt even though they make their money in the stock market...

[@NLTricky]

This video was insanely informative, thanks! Didn’t expect to learn so much at 1 am

[@japprivera3129]

3:27 .... The wisest words anyone have said on this entire mess...

[@jeffreysmith6161]

Are there class action suits being filed on behalf of GameStop share holders? There should be. Come on lawyers, do something good!

[@ulven6668]

Read RH's EULA(noone ever does, people just accept and move on), they pretty much covered their asses from this sort of thing

[@friendlygoose]

Wait, so this issue still holds true today? If the gme stock starts rising above $1000, shorts can't be covered and bankruptcy domino will begin. So that means they cannon allow stock to go above $1k at any cost, even if they have to turn to illegal practices like removing Buy button?

[@limitedtime5471]

Yes all true except you have tp add in, the short selling has since continued and increased. So, they are doing a lot to make the potential fallout much worse, while justifying stopping the retail buyers profting from the insanity by "any means"

[@samverstraeten4626]

@@limitedtime5471 They probably have some precautions placed in right now, don't they?

[@limitedtime5471]

@@samverstraeten4626 unfortunately no. I saw an industry insider suggest we need daily short interest reports, every 2 weeks is not enough. That would help but it's self reported and cheap fines to get caught lying on the reports. The gme congressional hearing last week had little focus on short interest which is worrying. Basically america wants industry to self regulate. I have criticism of that in general but here i believe the retail buyer is in fact helping to regulate here and balance the market. But now the sec itself is shutting down trade on popular stocks like MARA, not even a meme stock! This is long lol but i feel the US market will change forever depending how it handles gme. If it keeps shutting out retail we know it's not a free market

[@samverstraeten4626]

@Limited Time I kinda meant, those hedgies and robin hood, they're ready now in case a second wave would come in? Yeah, everytime someone went in on naked shorting they ran out of time... Well if the US market shuts out retail investors... other market would probably welcome them.

[@B20C0]

I really appreciate Thomas Peterffy talking so openly and transparent about this though. Why isn't there more of this? I'm going to Interactive Brokers now, because I like transparency.

[@briguy4781]

IBKR disallowed buying on the same day as Robinhood but opened it up again the next day. As a long time IBKR customer I don’t recommend it. It’s a shit outdated platform both on PC and on mobile. They close your account after the close on Friday and you can’t access your account until Saturday morning every week for what I suppose is maintenance. No other broker does this.

[@StarkVandalez]

i had 43 shares at $32. i expected this stock to be hitting $700 on that thursday. Then i saw all the panic in WSB about not being able to buy. sold a large chunk for my profit. but I and many many others missed out on plenty of cash

[@greimann]

They should have just liquidated the shorters and paid out the proceeds to the stockholders.

[@royalassistance4566]

Some say the squeeze has not yet been squozen. Ps. I am not a financial adviser, I just like the stock.

[@bblack6868]

It wasn’t the halting that was an issue.....it was the sell only allowance that was manipulative and thereby illegal. The market demand was for buying, not selling The 140% short should be illegal, you cannot short more than the float. Just the same way you cannot buy more than the float.

[@seneca983]

You can, at least theoretically, buy more than the float if there's anyone with a short position on the stock.

[@seneca983]

Do you think they should've also prevented selling? Why?

[@bblack6868]

@@seneca983 ......only permitting selling is manipulation because you’re preventing free choice.

[@seneca983]

@@bblack6868 Also preventing selling would have prevented even more choice. It was better that at least selling was possible, though ideally both buying and selling should've been.

[@markhenry8987]

While that guy was talking all I could hear was Eddie Murphy saying “I can see, I have legs” lol

[@porscheonly9705]

What’s funny is that what caused GameStop to rise was the shorts covering. Not WSB. Shorts put it down, shorts put it up.

[@cirious1703]

If the DTCC caused all this why do they have no representative at the hearing?

[@MrTopparwear]

Because it's the true stock market power. It is a consortium of the riches people.. not even a government entity!

[@cirious1703]

@@jessejames5165 and it will stay that way until we drag them into the light. Catch my drift?

[@richardhaas39]

Pretty good. Robinhood's customers do not own the shares once they have been lent, however: "• Absolute title over both lent and collateral securities passes between parties, meaning that these securities can be sold outright or “on lent” • Once securities have been passed, the new owner of them has certain rights. For example they have the right to sell or lend them to another buyer and vote in the Annual General Meeting if they are the holder at the record date • The lender of equities no longer owns them and has no entitlement to vote. But they are still exposed to price movements on them since the economic exposure to owning those securities is not passed. Typically lenders reserve the right to recall equivalent securities from the borrower and must exercise this option if they wish to vote" Also, the "beneficial owner" does not receive any dividends but rather payment-in-lieu of dividends. Money is fungible but not if you are the IRS. Short selling is selling and so is cleared through the DTCC. Lending/borrowing is done between stock custodians who are also securities lending agents. Historically the custodian would offer to lend the securities in exchange for waiving custody fees. Because the shares can be on lent without limit the short position can exceed 100%. Hedge funds used to be able cap upward price movements by borrowing stock and repeatedly hitting the bid. Because the lender did not have the stock that was lent there would be a delivery failure. The SEC has cracked down on delivery failures. "Delivery failure" does not mean that the stock was never delivered just that it was not delivered by settlement date.

[@richardhaas39]

Also there are two issues around collateral here. The DTCC wanted collateral from Robinhood but there is also a contract between the hedge fund/borrower and the custodian/lender. I have trouble believing Robinhood is its own custodian btw. The contract language between borrower and lender is: "If Lender[Robinhood] is a Customer, Borrower [Melvin]shall daily mark to market any Loan hereunder and in the event that at the Close of Trading on any Business Day the Market Value of the Collateral for any Loan to Borrower shall be less than 100% of the Market Value of all the outstanding Loaned Securities subject to such Loan, Borrower shall transfer additional Collateral no later than the Close of Business on the next Business Day so that the Market Value of such additional Collateral, when added to the Market Value of the other Collateral for such Loan, shall equal 100% of the Market Value of the Loaned Securities. " For volatile securities collateral exceeds market value by 5% but volatile securities are not this volatile so there was concern that the stock would appreciate faster than the hedge fund could transfer collateral.

[@richardhaas39]

Reply to myself to say that I see that Robinhood has been its own custodian since 2018 when it left Apex Custody.

[@Super753951852]

Losing billions to pay us out is the least of their problems...if they don't pay out things could get alot worse. 🔥

[@jbob34345]

More great videos 👍 I like how IBRK CEO always gives straight answers, where as Vlad the stock impalier is all over the damn place, he's a liability, board need to drop him before RH goes public.

[@david1mdavis]

Robinhood customers didn't own anywhere near that many shares so you are wrong that Robinhood lent the hedgefund 130%. Most of the shorts were naked shorts. The other part you missed was other hedged funds played on the other side. Most of the shares bought were not from people on Robinhood.

[@corey-thompson]

Thank you so much for this! I've been so confused about where Robinhood's margin requirement came from. Since they seemingly represened the long side of this fiasco, it didn't make sense that they'd have a margin requirement. This explains it though.

[@Andy-df5fj]

Short selling SHOULD be the riskiest form of trading and absolutely should NOT be protected from losses.

[@nldmaster]

Short selling hedge funds are not disruptive, when they act within the rules. We need FINRA and the SEC to enforce the rules. Short sellers play an important role in markets.

[@SpyderRios]

I think Robinhood was lending shares that we purchased with cash and not just margin. This gave Melvin more shares to short the stocks that were most popular with Robinhood buyers such as Gamestop and AMC. Vlad needs to be taking to court and be asked some hard questions. We deserve to know the truth about this crooks

[@johnnystokes1295]

I guess I’m confused why your great analysis is so unseen.

[@natevanderw]

This will catch up. He made some really good points about Robinhood conflict of interest of borrowing shares that was not brought up in the court hearings. Hopefully someone who sees this contacts there congrressmen about this and the questions are raised at the next hearing.

[@samverstraeten4626]

This was a very clear explanation indeed.

[@themusesquad8554]

"Tobinhood get payed for loaning" so they make money out of it so they cant deny us if they start having an issue. It isnt a win win thing

[@spacecoastbonsai1421]

Why are big institutions shorting senseonics? Shit pisses me off

[@DanHalper]

This is the best information that I have seen so far but you don’t take it to the logical conclusion - if Robinhood and IB had failed to prevent the purchases and then had gone bankrupt, the purchases would have been stopped by a United States bankruptcy court trustee. With the brokerages bankrupt this would have triggered a massive fall in the stock markets, wiping out not just meme stock longs but all the longs until the Federal Reserve might come in to massively increase QT.

[@suds2808]

I don't like what happened with the restrictions but appreciate Thomas's honesty and frankness in the matter, can't say the same for Vlad.

[@likemysnopp]

Well this explains why we still make it incredibly hard to make any optionstrading here. Because it is a huge risk for the brokerage which means its a risk for the customer as well.

[@DeViceCrimsin_]

TL;Dr have you ever seen an entire corporate system experience a severe 2008 fight or flight response up close?

[@SMONclips]

Thomas explains it so clearly. How we all want to hear it

[@808jspekeg6]

Plot twist. Hedge funds didn't cover their shorts

[@adant4815]

Isn't it weird that the wallstreetbets guy looks like the Robinhood guy😅

[@truthaboveall7988]

where is the part that he says it was heading into the thousands? i cant find it anywhere anymore. it was here & now its gone.

[@johnblanchard2520]

Best explanation I’ve heard, good on you!

[@aaronmcintire1183]

good research and presentation, thanks

[@soju69jinro]

Then all we have to do is... STOP USING ROBINHOOD... right? If robinhood won't change for us, then we won't use them. Lets all use something else.

[@radarinfinite1032]

Most broker took similar actions. Besides robin hood brought commission free trading.

[@pet3590]

6:51 “suddenly... i guess... it didnt go further” 💀

[@alexanderfrost2943]

One way to get back with Robinhood is to just simply closed your account with them if you have one.

[@vance12341234]

great video. simple and informative

[@richr5400]

Pretty straight forward. Will the SEC do it?🤔 From what I watched, without a script, they seem clueless af for a financial services committee.

[@mrbrianc]

So the SEC should make it more difficult, if not impossible, to have shorts for more than the number of shares available, and brokerage houses should not be able to loan out shares owned by their clients without consent and a share in the profits.

[@interest9293]

Simple we need to pump GME again or AMC

[@Bassium08]

That's how wsb and retail traders get shut down.

[@10Mrfifa]

It's a free market right ...

[@bamfzez1242]

@@10Mrfifa only free when the retailers lose, duh. Lol

[@todortodorov5299]

Well with those facts in the spotlight, I'm glad for being IB client. The first thing after opening my account was if I'm willing my shares to be lent to shortsellers for a fraction of thier fee.

[@jeremywright5036]

So basically, they had to shut it down so that they wouldn't lose money and instead, the people who could no longer buy shares should lose money. Sounds like every single person involved in this decision should be made to compensate every customer whose trading was unlawfully restricted against their interests.

[@Pumknstuffr]

Well made video. Earned a sub.

[@johnd.5601]

I have no issues with shorting and I don't mind my broker lending my shares if they share the profits with me. The issue is shorting shares that don't exist. That is equal to selling something that doesn't exist and isn't even going to be created. Shorts also shouldn't be posted under any circumstances because it will then carry a weight and a short isn't supposed to affect the stock price.

[@rostyloco1]

great video/explanation mate.

[@RacerzGTR]

At least IBKR is honest..........

[@danielangstrom4456]

lmfao They're not honest at all.

[@clubalbert]

1:50 3:00 poor people also cannot pay up when they are allowed to borrow large margins and cannot pay up but they do not default because the brokerage companies have lawyers and can go after these poor people and they are forced to pay up.

[@benchan9963]

Thank you for the video, it was a great video, and I would further like to discuss about the video. When I was a boy in Bulgaria

[@harmhoeks5996]

Why did Robinhood's capital requirement went up? They sold GME which they didn't own?

[@paullyo2244]

This is frustrating to everyone who bought into GME believing it would go up 10x from 300

[@amathine440]

it actually would've. it would've reached above 1k easily. maybe even more before the halt

[@thinlineofsanity1035]

You say it as if the belief was wrong. It wasn't. It should've went at least that high, maybe higher. Nobody thought that businesses handling their money would turn around and screw them over, causing some extremely shady, even questionable legality moves that saved the billionaires! And f'ed their own average joe clients. Smh. I still can't understand how it's legal what they did! Im assuming its more of a "the law doesn't exist" than it actually being that what they did was right and completely legal. I think 99% of us can agree that shutting it down was wrong, it was completely manipulative, and I see it as fraud! A free market actually wasn't free for several days. Smh. So i believe there needs to be new laws signed in. The current ones need to be updated. And apps like Robinhood, webull, etc. Need heavy regulations to protect us non-billionaires.

[@beaulaughlin520]

@@thinlineofsanity1035 the laws are written in favor of the mega wealthy.

[@vestlen]

Banks already lend out “your” cash, why wouldn’t Robinhood lend out “your” shares

[@michelle-jn7ul]

Kind of but not really, banks need to have in reserve 10% of the amount they lend out. Every loan is really just drawn up in the digital monetary system and you pay it back + some. I guess that "lend out your money" applied before digital banking. Anyway we know banks supposedly lend out money but we also get paid and interest rate for them to do so. Robinhood was pocketing the interest and not saying anything about it.

[@adamriese3610]

I hope, that the sec take the right decision and I am very sad not to see that crazy story :( I was first in around 20usd so if they hold the line I got a pretty decent gain at 1000usd +

[@Bassium08]

I versed you lol, -1k so it's a longterm hold now lol

[@abcdabcd-st7lc]

he mentions how twice a month short positions are released to public.. where is this information on short positions found? thank you

[@kak3942]

Shorting seems to be broken. You "steal" other people stocks and then you manipulate stock by selling some shares you own. This current system is not working. Pokers should change more shorters so if no matter happened if short squeeze should happen. There should be pressure both ways . There should not be pokers getting benefit this system.

[@turbo946]

Everyones talking about robinhood but can someone let me know why webull also did the same thing but aren’t receiving the same treatment? Genuine question btw.

[@freecheese4143]

The hedge funds...how were they able to short more shares than available?

[@droyal18able]

I have one question from this video that was not addressed. how much of the stock did robinhood allow personally to be shorted. i cant imagine that large hedge funds use robinhood at all.

[@radarinfinite1032]

I think RH is just the fall guy. Nearly every broker did this. Retail investors should've known the risk too when it was 300.

[@susanturner8457]

RH was used to funnel its "customers" orders to the market maker. The maker pays for the orders so they use algos to front run the orders,this makes RH customers the product , not clients to help

[@larchdental]

The probelm is SEC. SEC should have done a better job making things more transparent. Also the brokerages should not have lending clients' stocks to Melvin capitlal.

[@swartz4049]

Wonderful job explaining the GME, Robinhood “situation”

[@likemysnopp]

"explaining"

[@chivasx557]

Jan 28th is the day internet defeated wall street

[@zorbat5]

Nope, the war is still ongoing.