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Robinhood’s plan to “democratize finance” hit a GameStop-shaped speed bump

114 点作者 arunbahl超过 4 年前

3 条评论

dang超过 4 年前
Comments moved to <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25958639" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25958639</a>, which is the article that this one points to, and was posted earlier.<p>I&#x27;ve left a subthread here which specifically references this article and wouldn&#x27;t make as much sense in the other thread.
dvt超过 4 年前
&gt; Melvin reportedly got out of its GameStop short positions on Tuesday<p>Only the incredibly naïve actually believe this, and shame on Ars Technica for not annotating it with a big asterisk. Their short position is (present tense) worth <i>billions</i> and the ~$1mil they&#x27;d be fined for lying by the SEC is far outweighed by the potential gains of a crash back down. This is what happens when white collar criminals don&#x27;t go to jail, kids.<p>But this seems like a shill article in general, as there&#x27;s nothing mentioned about the fact that Citadel makes up more more than 35% of Robinhood&#x27;s revenues[1]. Yeah, I&#x27;m sure it was &quot;liquidity requirements.&quot;<p>[1] <a href="https:&#x2F;&#x2F;www.ft.com&#x2F;content&#x2F;4a439398-88ab-442a-9927-e743a3ff609b" rel="nofollow">https:&#x2F;&#x2F;www.ft.com&#x2F;content&#x2F;4a439398-88ab-442a-9927-e743a3ff6...</a>
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jcims超过 4 年前
If there was a criminal level of ignorance and negligence in financial understanding and planning beyond the basic 401k I&#x27;m a good candidate for some jail time. I&#x27;m in my mid-40&#x27;s and just have started learning by doing some basic mutual fund investment through my bank last year and to just help drive my wandering attention bought a couple of shares...Tesla a couple months ago and two days ago bought one symbolic share of GME.<p>I log in today to get a chuckle, across all of my mutual funds and two stocks, only one is in the green from yesterday. Obviously meaningless in the grand scheme of things, but just funny to see on my screen.