Robinhood Raises Another $2.4B from shareholders

The stocks(GME) are still limited/restricted btw

I find it very hard to believe hundreds of thousands of new accounts were created since Thursday. Everyone I know trading on RH is now actively in the process of transferring out, once they close up their short term trades like GME.

I'm curious if this is to address the current potential of a large shift of users moving to different brokerages and to keep Robinhood afloat until IPO in which it will have to fend for itself. I've seen a large sentiment online, and in public spaces expressing how angry the consumer is about RH restricting trading.

This is a fascinating game to watch. I watched The Big Short yesterday for the first time, as it&#x27;s trending on Netflix and was suggested, and this moment feels similar to exposing a weakness in the system that needs to be addressed - and hopefully not to strengthen the wrong position; I didn&#x27;t realize the incredible actors cast for it, obviously they took on the roles as it&#x27;s an incredibly important story for the general public to be educated about, to understand.<p>Feels like a good day to watch The Wolf of Wall Sreet.

Imagine you found a number one trading platform and end up having to dilute your stake by a factor of 2 (or more likely) within a week because of a meme stock. I actually feel bad for the founding members at RH.

This is temporary relief for people who have totally uninsured crypto on RH. If RH fails, all the crypto disappears. You can&#x27;t move crypto off of RH to a personal wallet and if you sell to get it off, you take a ~30% tax hit.

We are starting to see the limits these apps have, they are just not cut out to be considered a professional broker.<p>It&#x27;s funny they worry so much about (short-term) liquidity, while their long-term brand &amp; trust &amp; customer base erodes irrecoverably by the minute.

of course<p>they showed the world, that sheeps are willing to keep using their services<p>keep buying $GME, you are helping them ;)

Non-Paywall archive version: <a href="http:&#x2F;&#x2F;archive.is&#x2F;DFY5q" rel="nofollow">http:&#x2F;&#x2F;archive.is&#x2F;DFY5q</a>

Not sure how others feel but given their recent actions I&#x27;d love to see a petition for a name change.

It puzzles me how people still think Robinhood can remain competitive knowing they sell user&#x27;s order flow to hedge funds and restricted free market movement of capital in the markets. Still restricting purchases of GME and looks like this was just to keep the lights on.<p>There isn&#x27;t going to be an IPO after this GME fiasco. The founders played themselves and possibly will never be trusted again.<p>Also the people who invested in RH and its unscrupulous practices, Andreesen, Sequoia etc., are myopic if they don&#x27;t think people will forget.<p><pre><code> &quot;The fish rots from the head.&quot; - old Russian proverb. </code></pre> We never forget. We never forgive. We are Wall Street Bets.