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Fri Jan 29, 2021, 04:54 PM

Robinghood is playing more games today [View all]

The subReddit group WallStreetBets is livid today, because Robinhood sold out huge numbers of option contracts and stock positions without permission of the owners. Many other nasty bits of market manipulation have gone down here as well, if you believe the r/WallStreetBets group.

It turns out that the firm (Robinhood) is 40% owned by the same firm that owns the hedge fund (Melvin) who's being squeezed. The number of folks joining the class action is climbing rapidly. For a colorful look at this, check out @ClassActionRH on Twitter.

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Reply Robinghood is playing more games today [View all]
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