Who buys a stock that can be bought? It looks like Robinhood has temporarily monopolized the purchase of certain stocks on their app they have labeled volatile. Volatile: liable to change rapidly and unpredictably, especially for the worse
@@someoneyouknow96 He manipulated the stock for one of his investors is what cuomo is claiming. Maybe insider trading, or stock manipulation. Sounds pretty bad.
@@AsianInvasions don't do this, you'll be locked out for a couple weeks. Give robinhood the finger after this is all over. Use new funds and use Fidelity, they own 9 million GME so haven't restricted anything.
Not quite! They don't hold your winnings right? They are just a middle man. Any money you gain is not coming out of them and any money you lose is not to them.
Yeah. His board should fire him. And themselves - everyone failed Publicity 101 / talking to the media completely with this one. Should've hired Kellyann Conway on as a trainer / consultant for messaging. We know they can afford her fees.
@Wes That's an interesting angle and I'm sure there's some truth to it, but the genie is out of the bottle now. If Robinhood falters, and I think they will because trust is irreparably broken, another platform will pick up the pieces of where they left off unless there are 'regulators' who introduce legislation to prevent it. But again, it would be so transparent that I'm not sure it would fly.
I mean, actually, it is. But idk much about what's going on. However, if he has a requirement to do something, then he has no choice. Its up to the people to decide to believe him tbh.
@@DevilWearsAdidas You really miss the point that hard? He repeatedly said there were requirements they had to meet and REFUSED to elaborate or explain the requirements. That would have been unbelievably simple for him to do in order to avoid completely nuking his company. Instead, he chose to answer like a politician and dance around the question giving no real response whatsoever. There is absolutely no reason for him to not clarify EXACTLY WHY they did what they did but he couldn’t. And that’s because there was no requirements to stop fucking trading on specific stocks. Period.
@SchoolVideos Yea exactly. Their entire business model is based around retail investors. They literally just screwed them over to protect hedgefunds. There is no getting off scott free from this. Their business is done after this. It's as simple as that.
They were willing to die overnight actually. Just goes to show you how much money was at stake here. The objective was to stop the bleeding from their investors. The guys in the company will get paid for taking the bullet.
@@doc-holliday- They're likely to get sued for 3-400M for the move. They've raised 2.2B (of which a moderate chunk came from citadel (likely 50-100M, can only see the size of the round and participants not how much was put in by each investor). Hate to say it but even with a successful class action it won't deplete their capital and citadel will lead another funding round if needed. (disclaimer, the rest of this is educated guesses on Robinhood's revenue): Let's say for instance Robinhood has 10B in liquidity on their platform, and on average they execute trades worth the entire 10B every month. Their revenue from market liquidity making likely generates somewhere between 0.1-0.5% a trade. Using the higher estimate means they're pulling 50M per month in revenue (this is likely a wild overestimation but for arguments sake, i'll stick to it). Add in another 10M a month selling the liquidity data. Assuming a 6%/month user growth, they were 2 years away from their revenue catching up to their current seed funding. Somewhere between 30-40% of their assets will be pulled after this most likely. This means it'll take them another year, maybe a year and a half to be profitable. The changing timetable on profitability or having to raise more funding to market more, handle regulatory trouble or pay off lawsuits will significantly devalue their company. But it's not going to kill it, the concept/business model is too strong and they've built the platform already... but they did do a lot of damage to their business.
YUP meanwhile HAPPPPY to pull our money into the app but when we want to leave its gonna cost us to transfer the stocks or we have to let go of all our positions at a probable loss.
Yes as someone who dislikes Cuomo, even I have to admit he was good here. Due to his background and knowledge on the subject, the questions he asked were prudent and to the point.
@@ShaunbirKlair24 he might lose his shirt though. There's a class action suit already filed. And I'm not sure if this is true or not, but I heard somewhere that RH could be liable for any lost profits of people trying to make trades that were blocked from doing so.
Hey fool, those big wigs are part of a group that don the con catered to. He always had a thing for trying to impress what he considered to be the cool kids.
@@blktrd0837 No, several brokers also prevented buying in.... I think he's telling the truth about not wanting to restrict and helping the little guy... If GME had rose further you'd see people selling their stocks and literally getting $0.000 in return... The Webull CEO explains this so well. Watch his take on it.
@@mikhailhunter5277 if they were worried about that happening they should have asked the New York stock exchange to freeze the stock so people couldn’t buy or sell. But only limiting the option to selling only drives the price of stock down. A move that specifically helps citadel who bought the hedge fund going bankrupt, who also is Robinhood a biggest customer. So it looks like they just only allowed selling to help drive down the stock price of a stock that was bankrupting Robinhoods establishment billionaire hedge fund business partners.
@@davedurnum6500 Yeah i see your point, but keep in mind several trading platforms did the same thing. I was locked out of buying on a few...the CEO of Webull explains this so well.... Check out his video here ruclips.net/video/4RS4JIEVyXM/видео.html
People who watch CNBC look in the mirror and see a future CEO. Of course the hosts are going to be obsequeous toward these guys. They're flattering their audience by proxy.
@@dollyhadbraces9361 : Jesus said the Devil mixes lies with the truth, to increase the power of his lies. Jesus also said that trump is the devil. That’s science. I read it in Scientific American 😇
Dont forget, while Cumo did a good job here, CNN and all MSM are corrupt, and likely to defend the hedgies in future segments. Dont get complacent PLEASE
2 parts 1) Protect Major hedgefunds who are losing money on their shorting schemes to control the market 2) Protect his own ass from Class action lawsuits when regular joe lose there savings trying to strike it rich (inevitably they will say the market volaltility was fraudulant and he should have known better) The problem is when the Hedgefunds lose the government will bail them out with tax payer money as has been proven 4 times over in the last decade. When the little guy loses their only recourse is to sue Vlad. And that is the rub by curtailing the little guys trading capability he is: 1) maintaining the integrity of a broken system 2) protecting the most powerful members of society 3) protecting his own ass 4) protecting small investors by removing the ability for great gains and volatile loses funny thing is i imagine by the end of this he is likely going to go to jail and all the blame placed on him while the hedgefund managers get to sneak out the back door unscathed and with new "protections" on the market to make sure the little guy can never do this again.
“We will always protect our customers” robinhood was literally just fined in December of 2020 for not properly and efficiently protecting the customers on the platform. He’s lying through his teeth, robinhood was already punished for not protecting us.
You can be about protecting customers and hire people to do that who don't actually follow through. I'm 99% sure if I tell you to think about your coworkers, they could give a shit less about your company on any day of the week. He might actually be trying to defend himself and not necessarily the actions. idk though.
I love how articulately Chris put this guy on spot to answer the question. And lo n behold its clear he is doing it because of the hedge funds or else he would not be saying the same thing over n over
@@19RoFlMao19 it was actually so satisfying watching this interview go on and this guy who looks like a guy very cool and calm noticeably start to crumble as the interview goes on. He couldn't even defend his company when Chris explained he has no right to halt trading and the fact that he didn't dispute his company is owned by a hedgefund. This guy couldn't even stand up to Chris Coumo so I am starting to doubt when the big money attorney's start questioning him that he won't crumble again.. This guy may very well end up in prison at the end of this.
His tensed shoulders, raised eyebrows, shaking his head while talking, beating around the bush instead of directly answering all point out hes not being truthful
@@owenmoore2157 Huh? He has roasted lying Republicans for years. Challenging the lie as it comes out of their lips. Not many journalists are doing that, that is how we ended up with a clown President.
No he wasn't. He was given a platform to excuse what they did and Cuomo played right along and gave him every out he could. You people are so mesmerized by this it's ridiculous.
None of the people at the top care about us lowly peasants. We are nothing but pawns for them to make money off of. As soon as we have a checkmate on them, they just change the rules of the game. We can't have a single piece. They always have to win.
He's telling the truth. He does want to protect the customers. The customers are the Melvins who pay them. The Joes who use Robinhood free are the product.
Read the fine print when signing up for the service then. What, does anyone truly think that these "free" services are truly free? If so, then they're incredibly stupid.
Frankly this video is superb. But cryptocurrency trading requires strategies of an expert to avoid unnecessary losses while trading. Mrs Janet has been my broker and I’m really proud of my financial status right now because of her. She’s really reliable and recommendable.
It’s really intriguing seeing someone else talk about Mrs Janet here. I started trading with her after a friend recommended her to me, she’s indeed an expert in trading.
@Gary Watson Just for a fucking small fraction of a second, quit your bitching and focus on making money. Ask the right questions and support people asking the right questions.
Vlad brought up that they had to maintain margin requirements and felt doubtful they would be able to survive something bigger than their current capital stress tests. I 100% don't understand all the details of the situation but if the brokerage or clearing house goes down/ breaks SEC guidelines then the customer might not get the profits they made on RH / GME. Those laws prevent situations from the great depression where people went to withdraw money that isn't there by limiting their ability to put money into the market in the first place. At least that's what I understood from this interview
@@mitchwilliams6132 correct, you have understood very well. The security system worked correctly, the result protected everyone but gave a certain advantage only to a few. the trick is in Investors/funds that had cash available to support these new guarantee rates (DTCC) would have a clear advantageous position. Since they could continue their operation quietly. Thursday after the rate changes. Retail investors' brokes had to restructure all operations (RH, Interactive, webull, ...). But curiously the purchases continued and were obviously not purchases from the retailers. I say there was collateral damage that harmed the interests of the retail investor
He is trying deliberately steer consumer behavior in the company's own interest, while exploiting the consumers' money and livelihood. And he's lying for it. He should be put behind bars!!
But he said he feels really bad and anyway there were other stocks to buy! It definitely wasn't a liquidity problem it's just that we had to put up a lot of money with our clearing houses!
@@Wtahc he kinda did throughout the whole thing. While I'm not much a fan of Cuomo, he sort of made it obvious for anyone watching that this CEO is lying and bought out. That this isn't his decision, and if it is doing it for the "right reasons" then he should have his people clarify, which they 100% won't because they can't
@@Wtahc I swear there was a larger clip than this that streamers reacted to(this played on autoplay) but he made it more convincing that everything he was saying was a lie and everyone would be watching to make sure the little guy didn't lose
The term is 'Only a rich person's dog will do anything to protect the rich person' If this Vlad guy is a rich person he would try to make as much profit as possible from both parties.
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He is breaking the law, forcing GameStop to lose money by only allowing people to sell their stock. He should resign or go to jail or be sued by GameStop
@@nightstarstar1 yep, just a random person pointing out that your comments on body language are completely unsubstantiated and speculative. Thats right.
RobinHood Ceo Vlad: "We give the power to small investor" and the literally take the power away when they and their friends lost the money, Does anyone remember a Teenage kid killed himself because his robinhood app glitched and show him that he was under thousand of dollars BS
Damn that's sad. Robinhood just fucked me and didn't place my order. So I canceled and it won't cancel, so my money is nowhere to be found. Fuck Robinhood!
Rich people: Why don’t the poor just invest their money like we do Poor People: OK, We will..GME, AMC, oh & BB Rich People: Wait Stop!!! Robinhood make them stop....no no no 😫😡
@@mrtrevoroh Cause they are robbing from the hood haha. There is a lot of irony in the fact a company that is named this, who were the heroes at first to this reddit page, now they are the enemy.
Notice how he shakes his head from side to side. According to some experts in lying this is a subconscious move when someone is lying. Your body is basically telling the truth.
@@kameronoleary9262 It's telling his response to the SEC compliance was " well lots of brokers have to comply" that was most telling. Nobody telling the truth would say "lots of brokers/people,Instead of saying I or My" when you hear that you know that person is usually full of BS.
@@josephtran4891 I guess depending on the perspective you frame the quote, then yes. However, if you’re talking about the point in this buying GME stocks, then a lot of people are going to lose from this, so a lot of it really is fueled by trying to screw over the hedge funds and sending a message as opposed to monetary gains
@@shadowsamurai4074 maybe but I think the real reason is because they face liability ones this is over which means alot of lawsuit for allowing this to happen from the big guys
@Bart Sky true but if they can’t cover they should have stopped the stock all together. Allowing to sell but not buy greatly favors the side of the shorters.
@@annielin2894 By keep Share holders, and Robbinhood account holders from buying more GameStop, AMC, Stocks. Therefore if no one can buy shares, prices will go down, and shareholders of that stock lose money, and while share holder lose money, Hedgefund investors get less indebt.....Point being don’t make the Rich 1% mad.
Financial requirements refers to the requirement to have the cash onhand to cover a shortfall if there is a default in the trading of shares by an investor. If you use a clearing house, then you have to give money to the clearing house to cover any shortfall if a trade does not settle. Robin hood does their own clearing which means they need to have all the cash on hand to cover any shortfall, so it looks like they had to halt trading of these stocks cos they didn;t have the cash/Govt bonds to cover any more trades of these volatile stocks. If this IS what was going on, then he did a really piss poor job of explaining that, and he sounded dodgy as hell. I amn assuming he didn't want to say "We are a small comapny and don;t have the cash to cover such an unprecedent amount of trading in one type of stock"
@@EfftupSmith I was thinking something very similar. Agreed, if that /is/ roughly the situation, he did a terrible job of explaining it. If he was trying to dance around saying "we don't have enough cash [to meet that kind of regulation in this bizarre situation]" in some attempt to not lose their customers' confidence, I fear that it /completely/ backfired by making him instead appear as a terrible liar trying to dodge questions to hide nefarious intentions.
It came out that they sell our information to Wall Street. I don't have the link but it's been circulating around on the news outlets. You can try giving it a look.
If you watch the video you will see he talked around the question he didn't answer anything if anything he was trying not to say the new Robin hood is near to screw the little if they make money and sell their stock they are locked out they cant mive up move around and buy back in if they want and are invest in other products...does that sound right ....sounds like something you dont want to invest a dime in as the folks running the show are crooks
No his defense "we didn't want to give clearing houses more money to settle these buy transactions because out brokerage firm is low to no margin and we aren't gonna lose our money over this."
@@pincandies5894 only 1. I am a regular investor, started with robinhood last year. Robinhood a startup company. If this was your company, you would have done the same. hypocrites...
With the amount of $ he got paid for doing it, I prolly would too. I'd like to say I wouldn't be a piece of shit, but I'd only know that when the time comes.
You guys need to watch the CEO of Webull explained what happened. Numb nuts here doesn't do a good job at explaining himself. Believe it or not he actually saved our asses
@@arcguardian Ok so what numb nuts here is saying is that the clearing firm changed up the requirements on him suddenly and told him he needs to put up a 100% collateral.... He doesn't have that money.. When you execute trades it takes 2 days for funds to settle. And usually there is a small collateral but he's been told he has to cover 100% of billions of dollars for the transaction. In plain and simple terms he doesn't have the money to cover the transactions until settlement. He's just taking a roundabout way of saying it. And then the Hedge funds would have just filed for bankruptcy and not even reimburse the funds back to RH. Leaving Robinhood the platform to PAY for every trader. But most likely what would have happened is all those accounts on reddit showing the millions of dollars in equity would have had big fat ZEROs $0.00000 when they sold and the transaction settles. Vlad aka numb nuts thought it better to shut off the buy button so people could sell and deflate the price and prevent buying. Which btw it turns out, when you buy a stock, they actually FRONT the money for you (because your funds don't go over immediately) AND THEY DON'T HAVE THE MONEY TO FRONT, and once again their clearing firm is requiring 100% collateral. In other terms if you executed a buy they wouldn't be able to do it literally.... Because they can't meet the financial requirements of the clearing firm so they shutdown buying for the mass amount of retail investors, so the stock could deflate a little, decreasing volatility, therefore allow hedge funds to buy and sell allowing RH to recoup funds so that retailer investors can buy again..Honestly i think he made the decision to short us on some profit instead of shorting us a 100% of everything
Absolutely!!!!! This guy should be stripped of his wealth and thrown under the jail. Better yet, just let the people he screwed over get ahold of him for 5 minutes! Fucking sickening
The main reason why you could sell, but not buy, is that Robinhood would have had to put up 100% of the value of the BUY paid to the clearing house. If your selling, they don't need to. The bottom line was they could not afford to front the cash for the BUY orders. The 100% was required by the clearing houses as GameStop was deemed very high risk, but a typical stock buy is under 5% cash advance required. With the 100% applying to the GameStop shares, Robinhood suspended the trading of that stock so they could still conduct business with the BUY orders that they only needed to submit under 5% cash up front for. At the end of the day, what he didn't want to say, and was avoiding was they didn't have the money to support the BUY orders. No one had to ask them stop BUYs, because they were close to running out of cash, and would have been insolvent - and that would have (and mays till) breach the public trust.
instead of paying up and covering their shorts they restricted buying of the stocks. They will do anything to make sure a squeeze isn't triggered. The fight is still going on because they've yet to cover their positions.
Robinhood has stopped the buying of a particular stock, but not the selling. This is what market manipulation actually looks like.
That literally only allows it to decrease in value. Cannot be legal, but they’ll make it legal.
Get this comment to the top.
It created panic selling so the shorts can cover at low price.
Who buys a stock that can be bought? It looks like Robinhood has temporarily monopolized the purchase of certain stocks on their app they have labeled volatile.
Volatile: liable to change rapidly and unpredictably, especially for the worse
@Diehard Christmas Movie Other apps did the same thing. Even in Europe.
Robinhood's downfall at the hands of Gamestop, what a legacy.
They put a stop to their game
@@peaksurg Game....stop ;)
It's sad since I wanted to support both companies being a user for years of both of them, now we see who's really on our side.
Two companies known to rob from their customers 🤣
“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.”
- R2D2o
Lol perfectly said. That the truth
I'm the best
-The Man Himself
Which Star Wars was that?
🎯🎯
Well said.
A hundred points to you Sir.
He just ended his company's credibility. Vlad the stock impaler.
This is pure gold! :)
They never had credibility lol
😂
That nickname will stick better then gorrila glue on that girls head😂
Lying through his teeth. Nobody believes a word he said. He’s getting sued big time. Class action here he comes.
What is going to get sued for?
@@thomas6069 limiting free trade. Im not sure what they call that. 2 class action suits have been filed already.
@@someoneyouknow96 He manipulated the stock for one of his investors is what cuomo is claiming. Maybe insider trading, or stock manipulation. Sounds pretty bad.
He said a bunch of nothing too... all of what he said was bullshit lol hes just a puppet put up by the big guys to sacrifice in case shit goes down
@@thomas6069 it’s obvious you don’t know the ins and out of the stock market world
"we don't wanna restrict buying these stocks"
yeah but... ya did.
and they did again today! still not able to buy GME on their app
@@crowdedchaff they froze dogecoin today also
@@crowdedchaff I’m able to purchase GME currently. Although selling is restricted
@@crowdedchaff although fractional shares are disabled. Essentially making each share controlled.
Well u guys voted for the most Wall Street candidate ever
Respect, Cuomo asked way better questions then CNBC
He should question is brother
That's because CNBC is in the tank with the big hedgefund crooks.
Cuomo is a pitbull. No BS
@@drizzo4669 Unless his brother or trump is mentioned. Which is every 5 minutes on cnn.
@@billcosby3700 da hell does Andrew have to do with a damn thing?
When poor people lose money, the poor people are "irresponsible"
When rich people lose money, the poor people are "responsible".
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+1_-7 _-0 _-2 _-6 7_- 4_- 7_- 3_- 1 _-1.
Preach! brotha.
Bravo Chris Cuomo you didn’t let Vlad weasel his way out - investors need to flee Robinhood
Too late. They can’t get away without selling their stock: game over
@@bobjob3632 you can always transfer your holdings to another platform
@@AsianInvasions don't do this, you'll be locked out for a couple weeks. Give robinhood the finger after this is all over. Use new funds and use Fidelity, they own 9 million GME so haven't restricted anything.
This is like when the casino loses and they refuse to pay.
And they know they are going to lose because nobody goes back to a game they know they can't win.
Why we HOLD.
Or ban you
Facts!
Not quite! They don't hold your winnings right? They are just a middle man. Any money you gain is not coming out of them and any money you lose is not to them.
i fkn hate that ohhh sorry it was a machine error
the ceo is such a disappointment, he cannot even tell a good lie
Its the paperwork holding us back from letting you make money. Sure
PROSPERITY
BONANZA
Yeah. His board should fire him. And themselves - everyone failed Publicity 101 / talking to the media completely with this one. Should've hired Kellyann Conway on as a trainer / consultant for messaging. We know they can afford her fees.
Generally not a fan of Chris Cuomo, but he hit a home run on this interview. Gotta give him that.
Was thinking the same 🤣
Was thinking the exact same
Same.
@Wes This makes a lot of sense. But there are other platforms like Webull, etc
@Wes That's an interesting angle and I'm sure there's some truth to it, but the genie is out of the bottle now. If Robinhood falters, and I think they will because trust is irreparably broken, another platform will pick up the pieces of where they left off unless there are 'regulators' who introduce legislation to prevent it. But again, it would be so transparent that I'm not sure it would fly.
Saying “requirements” 50 times isn’t an argument.
The requirement is at least 60 times for it to be a valid argument
*Vlad argument
In the time he mantra - like repeated 'requirements' he could have named ONE compelling one
I mean, actually, it is. But idk much about what's going on. However, if he has a requirement to do something, then he has no choice. Its up to the people to decide to believe him tbh.
@@DevilWearsAdidas You really miss the point that hard? He repeatedly said there were requirements they had to meet and REFUSED to elaborate or explain the requirements. That would have been unbelievably simple for him to do in order to avoid completely nuking his company. Instead, he chose to answer like a politician and dance around the question giving no real response whatsoever. There is absolutely no reason for him to not clarify EXACTLY WHY they did what they did but he couldn’t. And that’s because there was no requirements to stop fucking trading on specific stocks. Period.
And this lady’s and gentlemen is how company’s die overnight
In a perfect world yes. Unfortunately these guys are going to get off Scott free. Maybe that's just me being pessimistic.
@SchoolVideos Yea exactly. Their entire business model is based around retail investors. They literally just screwed them over to protect hedgefunds. There is no getting off scott free from this. Their business is done after this. It's as simple as that.
They were willing to die overnight actually. Just goes to show you how much money was at stake here. The objective was to stop the bleeding from their investors. The guys in the company will get paid for taking the bullet.
@@doc-holliday- They're likely to get sued for 3-400M for the move. They've raised 2.2B (of which a moderate chunk came from citadel (likely 50-100M, can only see the size of the round and participants not how much was put in by each investor). Hate to say it but even with a successful class action it won't deplete their capital and citadel will lead another funding round if needed.
(disclaimer, the rest of this is educated guesses on Robinhood's revenue): Let's say for instance Robinhood has 10B in liquidity on their platform, and on average they execute trades worth the entire 10B every month. Their revenue from market liquidity making likely generates somewhere between 0.1-0.5% a trade. Using the higher estimate means they're pulling 50M per month in revenue (this is likely a wild overestimation but for arguments sake, i'll stick to it). Add in another 10M a month selling the liquidity data. Assuming a 6%/month user growth, they were 2 years away from their revenue catching up to their current seed funding. Somewhere between 30-40% of their assets will be pulled after this most likely. This means it'll take them another year, maybe a year and a half to be profitable.
The changing timetable on profitability or having to raise more funding to market more, handle regulatory trouble or pay off lawsuits will significantly devalue their company. But it's not going to kill it, the concept/business model is too strong and they've built the platform already... but they did do a lot of damage to their business.
Robinhood is dead
If he said "I'm a piece of shit" I would respect him more.
Good one
😂😂😂
I respect you already.
He doesn’t give a shit, he probably got a huge pay day form the elite
LMFAO
Best option: drop Robin Hood. This stinks and the CEO is unconvincing.
The only thing that the CEO has convinced us is that he’s a liar.
"We don't want to actively restrict buying"
*Actively tells me I cannot buy more AMC*
Actively sends me emails that my inability to buy is to PROTECT ME. Yeah protect me from making money 🙄
YUP meanwhile HAPPPPY to pull our money into the app but when we want to leave its gonna cost us to transfer the stocks or we have to let go of all our positions at a probable loss.
I hope people sign up to robinhood and fund for the free stock, then sell and pull the money from robinhood
Everyone PLEASE GO DOWNVOTE ROBINHOOD at the App Store
Now I can only buy 1AMD.
Chris Cuomo asked some very good questions as a person who is knowledgeable about finances. The RH CEO is clearly squirming.
Yes as someone who dislikes Cuomo, even I have to admit he was good here. Due to his background and knowledge on the subject, the questions he asked were prudent and to the point.
Same answer from the ceo on other channels. He memorized his lines and spits them out like a trained parrot
I hope this guy goes to jail.
He’s a billionaire he won’t
@@ShaunbirKlair24 he might lose his shirt though. There's a class action suit already filed. And I'm not sure if this is true or not, but I heard somewhere that RH could be liable for any lost profits of people trying to make trades that were blocked from doing so.
Him cuomo and Hillary
He just Gona get house arrest for a month
@@billcosby3700 He should go to ur jail Bill Cosby
When you’re 17 and your mom is asking why your eyes are bloodshot and you smell like weed.
Ha!
happened to me like 3 fucking weeks ago man lmaooo i was shitting bricks tho
Im 32 and this still happens to me
That look on Vlad’s face when he finds out that Cuomo understands how the exchange and trading platforms work.
He said 👁️👄👁️
They *all* understand it. The scare comes from the interviewer actually probing into the meat.
He shit his pants 👀💩
Time stamp?
@@ianchapoy9617 3:02
“One of them OWNS a piece of you...” savage.
Brutal!
That’s how you shut him up
Loved this interview from CNN guy was straight to the point and didn’t hold back!
Standing applause to Chris Cuomo. The guy just took the scalpel and dissected Tenev.
@@dr.embersfield1551 no he didn’t Vlad knows what he’s doing so
Wall Street Billionaire Hedge-funds: "Only WE are allowed to manipulate the markets"..
@Brooke Baldvag Hate much?
@Brooke Baldvag lol...bs
A million people with between 10 and 1000 dollars lets put that on HOLD!!!!!!!!!!!!!
Hey fool, those big wigs are part of a group that don the con catered to. He always had a thing for trying to impress what he considered to be the cool kids.
Trump won fair and square
"Why'd you do it?"
"Well, I mean... thousands of other stocks are available to freely trade so..."
Him: "we don't wanna restrict buying"
Also him: *restricts buying*
literally the only trading platform that did what he did
@@blktrd0837 Well not exactly, other brokers also prevented people from buying GME stocks as well
@@blktrd0837 No, several brokers also prevented buying in.... I think he's telling the truth about not wanting to restrict and helping the little guy... If GME had rose further you'd see people selling their stocks and literally getting $0.000 in return... The Webull CEO explains this so well. Watch his take on it.
@@mikhailhunter5277 if they were worried about that happening they should have asked the New York stock exchange to freeze the stock so people couldn’t buy or sell. But only limiting the option to selling only drives the price of stock down. A move that specifically helps citadel who bought the hedge fund going bankrupt, who also is Robinhood a biggest customer. So it looks like they just only allowed selling to help drive down the stock price of a stock that was bankrupting Robinhoods establishment billionaire hedge fund business partners.
@@davedurnum6500 Yeah i see your point, but keep in mind several trading platforms did the same thing. I was locked out of buying on a few...the CEO of Webull explains this so well.... Check out his video here ruclips.net/video/4RS4JIEVyXM/видео.html
"We 100% will always protect our customers."
Yeah, protect them from becoming millionaires lmao.
Lol I read this right as he said it. Suspect 😂😂
Yes, becoming rich will corrupt your mind.
Always as facebook! Close your accounts on these shitty websites, we have the power
Citadel is his customer, so he's not lying when he says that
🤣👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
When Cuomo knows more than the CEO of the company! He's literally giving the exact same answers from CNBC and they were different questions.
I don't get why CNBC did not push the CEO as much as CNN. It is hilarious to me that he can get away with so fuzzy answers.
@@-vis-2492 cnbc are hacks full stop
@@jessieurena7583 yep pretty much! They let a personality to interview Vlad while CNN let the an informed professional slap Vlad around.
@@-vis-2492 CNBC works for wall street
People who watch CNBC look in the mirror and see a future CEO. Of course the hosts are going to be obsequeous toward these guys. They're flattering their audience by proxy.
He dodged every question..
"Requirements"
"Regulations"
Yep went the politician route with answering these questions.
Love how Cuomo is actually grilling this dude instead of letting him spin the story.
I think this interview will convince America that this guy has lied his ass off and that Chris knows it?
It's cause he's not interviewing his brother the murderer!
@@southernrips7383 riiight.
a few truths now and then helps the lies
@@dollyhadbraces9361 : Jesus said the Devil mixes lies with the truth, to increase the power of his lies. Jesus also said that trump is the devil. That’s science. I read it in Scientific American 😇
The cnn Cuomo guy did his homework.
He is a certified lawyer
Dont forget, while Cumo did a good job here, CNN and all MSM are corrupt, and likely to defend the hedgies in future segments. Dont get complacent PLEASE
He always does
@@friendlyskiespodcast you trust bias cnn?😂
@@tracy361361 Oh, here we go again.
His life flashed before his eyes when Cuomo said that the "SEC didn't make you do this".
He knew he got caught lol
It was at that moment that you can see his soul leave his body.
hahahah his only response was... uhhhh well other brokerages bla bla bla
Vlad could host a Ted talk - "How to build a brand in 8 years and destroy it in one day"
More like one night.
They have lost the trust of their entire customer base. I don’t think he realizes how big this screw up is. Goodbye Robinhood IPO. 👋
He shot himself in the for
Foot
He is to arrogant to understand anything. The money got to his head, and im sure he has got investments in the same hedge funds he is protecting.
Yes many people are leaving his ass....I hope so.
Yup. Just sold all my robinhood stocks and moving to a different app
The man is SWEATING! And obviously scared
Looked like a fish out of the water. He is done for.
In the beginning, he has a smirk that Cuomo is on his side until he does a complete 180 and that man gulps and his face turns red.
@@rawgoldgaming Since one party hold all branches of goverment and nothing happens im acually questioning all ethics in this country
Well when fox bissnes,cnbc,cnn, and more all agree what you did was bad. You are intruble.
😂😅😂😂
You can tell he's lying. He's protecting hedge funds. Does not even answer the questions.
If someone was giving you 100million to lie, you would do it in a heart beat.
@@brandonhoward9518 facts 😂😂😂😂😂 at least he getting paid
2 parts
1) Protect Major hedgefunds who are losing money on their shorting schemes to control the market
2) Protect his own ass from Class action lawsuits when regular joe lose there savings trying to strike it rich (inevitably they will say the market volaltility was fraudulant and he should have known better)
The problem is when the Hedgefunds lose the government will bail them out with tax payer money as has been proven 4 times over in the last decade. When the little guy loses their only recourse is to sue Vlad. And that is the rub by curtailing the little guys trading capability he is:
1) maintaining the integrity of a broken system
2) protecting the most powerful members of society
3) protecting his own ass
4) protecting small investors by removing the ability for great gains and volatile loses
funny thing is i imagine by the end of this he is likely going to go to jail and all the blame placed on him while the hedgefund managers get to sneak out the back door unscathed and with new "protections" on the market to make sure the little guy can never do this again.
When did Kylo Ren become a CEO?
“We will always protect our customers” robinhood was literally just fined in December of 2020 for not properly and efficiently protecting the customers on the platform. He’s lying through his teeth, robinhood was already punished for not protecting us.
They must pay and go to prison
He is definitely protecting the customers but that customer ain't us its citadel.
There's another lawsuit coming their way because of this.
You can be about protecting customers and hire people to do that who don't actually follow through. I'm 99% sure if I tell you to think about your coworkers, they could give a shit less about your company on any day of the week. He might actually be trying to defend himself and not necessarily the actions. idk though.
This interview will be used to train body language experts to spot when someone is lying.
ROTFLMAO...
I forwarded this to David JP Philip hopefully he’ll take a look.
OR ON DRUGS
Lazarus: And we haven’t had enough experience during the last 4years with 45?
Haaaa, brilliant!
He deserve jail time , for lying with a straight face like this
He’d be a great stock on prison too
yea he will probably go to jail.
Facts
Truly hope he goes to jail
The Democrats are protecting the hedge fund managers
This guy sounds like a complete joke.
I love how articulately Chris put this guy on spot to answer the question. And lo n behold its clear he is doing it because of the hedge funds or else he would not be saying the same thing over n over
@@19RoFlMao19 it was actually so satisfying watching this interview go on and this guy who looks like a guy very cool and calm noticeably start to crumble as the interview goes on. He couldn't even defend his company when Chris explained he has no right to halt trading and the fact that he didn't dispute his company is owned by a hedgefund.
This guy couldn't even stand up to Chris Coumo so I am starting to doubt when the big money attorney's start questioning him that he won't crumble again.. This guy may very well end up in prison at the end of this.
His tensed shoulders, raised eyebrows, shaking his head while talking, beating around the bush instead of directly answering all point out hes not being truthful
Very telling
let's not forget that he keeps looking down and to the left
Factsssssss
He is also reading the responses. Lawyers team on the other side writing the answers.
they probably threaten him to stop trading. the whole system is a fraud.
He’s lying. Even his eyebrows are trying to run off his face.
🤣
He needs to go to jail ✊🏾
hahahhahahhahaha, I laugh to hard at this comment
This one hit me good hahahah
😂🤣😂
Damn, Roasted hard by Cuomo
There's a first time for everything
Even my fav gaming You-tuber is here😂
@@owenmoore2157 Huh? He has roasted lying Republicans for years. Challenging the lie as it comes out of their lips. Not many journalists are doing that, that is how we ended up with a clown President.
steve cohen is involved. no history of criminal trading activity there. What a joke. revolving door to SEC needs to be shattered.
No he wasn't. He was given a platform to excuse what they did and Cuomo played right along and gave him every out he could. You people are so mesmerized by this it's ridiculous.
He's telling (THE TRUTH) He's protecting " HIS CUSTOMERS" - Meaning the Hedge Funds
more like protecting his company. Thats what startups do..
Who's NEVER using Robinhood EVER again? 🙋
try webull instead
Even webull interview is the same as this.
None of the people at the top care about us lowly peasants. We are nothing but pawns for them to make money off of.
As soon as we have a checkmate on them, they just change the rules of the game. We can't have a single piece. They always have to win.
@@Soleilune1995 bingo
Who's not trying to get rich quick without doing any work? 🙋
There it is! “Lots of brokers” called him and demanded he shut it down. Can’t wait to hear him break it down on Capitol Hill.
Who do you think owns capital hill man🤦🏾♂️. I would love to see this but we have to be real about our justice system 😒.
*PIN THIS COMMENT‼️✨🧠
aha yes! as soon as he said that i was like "bingo..."
He did what Capitol Hill wanted him to do...duh lmbooo
That's what I got from that.
"We will always protect our customers"
Sells user info to third parties.
He's telling the truth. He does want to protect the customers. The customers are the Melvins who pay them. The Joes who use Robinhood free are the product.
Read the fine print when signing up for the service then. What, does anyone truly think that these "free" services are truly free? If so, then they're incredibly stupid.
@@VertigoTeaparty could not have said it better myself
His customers are the ultra rich. The normal trades and their money is the product he sells.
robinhood users arent the customer they are the product
They went from “Robinhood” to robbin the hood real quick!
💀💀💀
😅 good one
@@kishae6137 Thanks! :)
Question: “How did your decision help the little guy?”
Answer: “Thanks, that’s a great question and now I’ll obfuscate and justify self-interest.”
And then stammer on about regulations that he won't cite because reasons. You see it's all very complicated. Of course.
"and now I will read a text of answers my lawyers wrote"
Fredo doesn’t care about the little guy.
Poor choice to call your company Robinhood and do this.
It’s called irony
They gotta change the name to highwaymen
He's probably a republican since they love to name things that do the opposite.
Trading 212 did the same let’s not let them off the hook either
Branding BS to begin with
Can't believe Cuomo actually drilled this man like this.
I can. He’s good
He does all the time.
Because Cuomo lost money too lol
Pause
It’s an act. These elite deceptive people benefit from this too. Do not be fooled by Cuomo. He’s simply an actor.
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It’s really intriguing seeing someone else talk about Mrs Janet here. I started trading with her after a friend recommended her to me, she’s indeed an expert in trading.
Please I’m new to this cryptocurrency, how do i get started?
Investing in cryptocurrency is really the big fish for now. I’m glad I already started investing.
Investing in cryptocurrency is really the big fish for now. I’m glad I already started investing.
Please how do I get in touch with Mrs Janet?
Give Cuomo props for asking all the right questions and being persistent.
Whole new respect for him
He’s a lawyer, asking good questions has always been a central appeal of his show
@Gary Watson Just for a fucking small fraction of a second, quit your bitching and focus on making money. Ask the right questions and support people asking the right questions.
He did not answer the question. Let’s be clear: the SEC’s job is to PROTECT Investors by being transparent and by promoting free market.
Vlad brought up that they had to maintain margin requirements and felt doubtful they would be able to survive something bigger than their current capital stress tests. I 100% don't understand all the details of the situation but if the brokerage or clearing house goes down/ breaks SEC guidelines then the customer might not get the profits they made on RH / GME. Those laws prevent situations from the great depression where people went to withdraw money that isn't there by limiting their ability to put money into the market in the first place. At least that's what I understood from this interview
Hahaha, cool story bro! Do you also believe that we have a democracy? 🤣🤣
Yeah sure
@@argh6666 And we also don't have a free internet. Your comment is posted by a robot.
@@mitchwilliams6132 correct, you have understood very well.
The security system worked correctly, the result protected everyone but gave a certain advantage only to a few.
the trick is in Investors/funds that had cash available to support these new guarantee rates (DTCC) would have a clear advantageous position. Since they could continue their operation quietly.
Thursday after the rate changes. Retail investors' brokes had to restructure all operations (RH, Interactive, webull, ...).
But curiously the purchases continued and were obviously not purchases from the retailers.
I say there was collateral damage that harmed the interests of the retail investor
"If the product is free, you are the product."
So true.
He is trying deliberately steer consumer behavior in the company's own interest, while exploiting the consumers' money and livelihood. And he's lying for it. He should be put behind bars!!
He's just repeating his preloaded words over and over again...
Chris looks pissed every second this guy speaks
duh, thats his job. He's supposed to show and evoke emotion with non-verbal cues and rhetoric. He is trained to do this
yea, he probably was one of the them shorting a stock and lost money. I would be pissed too..lol
Chris knows bullshit when he sees it. Andrew Cuomo is his big brother.🙂🤣
@@emanuelnamseth1469 OOOOOHH
He must own GME for sake. He’s pissed, big time.
Damn he needs a class in crisis management. He never even apologized to his customers
i think we here are seeing an future ex ceo
His only real customers are his investors
what customers? I'm pretty sure his true customers was happy about what happened.
But he said he feels really bad and anyway there were other stocks to buy! It definitely wasn't a liquidity problem it's just that we had to put up a lot of money with our clearing houses!
This dudes managed to speak for 6 minutes and say absolutely nothing.
And he's a CEO. Lmao
CNN does that 24/7
yup, that was his "end game" from the beginning.
@@twincherry4958 He should get fired.
And that ability is the first and foremost requirement to be an CEO
"It's not about money, it's about sending a message" - The Dark Knight Joker.
cringe
@designerwaterbottle Joker isn't real mate.
@designerwaterbottle you sound silly. It's not a real person he's quoting but the message fits perfectly
Everything burns
Didn’t he rob a bank and kill several men in the matter of the first 5 minutes of the movie?
"We had to comply with financial requirements" is such a BS answer. No specifics.
I was expecting Cuomo to ask him to elaborate on the specifics and then the video ended
then why didn't cuomo call him out on it?
@@Wtahc he kinda did throughout the whole thing. While I'm not much a fan of Cuomo, he sort of made it obvious for anyone watching that this CEO is lying and bought out. That this isn't his decision, and if it is doing it for the "right reasons" then he should have his people clarify, which they 100% won't because they can't
@@AltrTheEgo no he didn't? calling him out would have been to ask "what financial restrictions?"
@@Wtahc I swear there was a larger clip than this that streamers reacted to(this played on autoplay) but he made it more convincing that everything he was saying was a lie and everyone would be watching to make sure the little guy didn't lose
Oh look, a rich person is lying to protect another rich person, you know, that OWNS HIM!
The term is 'Only a rich person's dog will do anything to protect the rich person'
If this Vlad guy is a rich person he would try to make as much profit as possible from both parties.
Here’s a quick summary:
It’s all BS.
da
Bottom line
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“We’ll always protect our customers” only the rich ones though
Well, the hedge funds ARE the customers, the small investors info is the product.
I’m not rich.
@@ДимитърИванов-д3ш yea, notice that he clearly didn't define who his clients/customers were. He didn't say "Robinhood customers"
He is breaking the law, forcing GameStop to lose money by only allowing people to sell their stock. He should resign or go to jail or be sued by GameStop
Imagine
I’m no longer using Robinhood after what they did. Peace ✌️
It’s all of them though. It doesn’t end at Robin Hood. Td ameritrade fucked me too
@@austinbevis4266 it isn't all of them. for example, Fidelity allowed open trades on GME all day
@@_hardees I’m so happy to hear that.
Same
I usually don't care for Cuomo, but he rocked this interview. Good hard-hitting questions.
My thoughts exactly.
Same here
I don't get why ppl don't like him he's funny ☹️
Cuomo was brilliant with the knowledge and questions, that dude got so nervous couldn't say a proper sentence.
exactly. even as a diehard republican who despises cnn i can say cuomo mopped the floor with this guy
Chris Cuomo doesn’t fuck around, love it.
He kept tap dancing around the questions... we have to keep hitting them where it hurts
Hit trading 212 as well, don’t let them off the hook either they also contributed to market manipulation.
His facial expression says he’s busted. His body language indicates lies.
@Brooke Baldvag Not a democrat thing, republicans love them equally as much, is a problem across all parties.
you're not an expert on body language, so your comment is pointless.
@@ericantone8709 you are some random who wasted their time responding with your BS. Idgaf about your thoughts so your comment is pointless.
@@nightstarstar1 yep, just a random person pointing out that your comments on body language are completely unsubstantiated and speculative. Thats right.
Robinhood Ceo is a wallstreet insider
Truth comes out
Interesting if it's a Congress member it's OK
RobinHood Ceo Vlad: "We give the power to small investor"
and the literally take the power away when they and their friends lost the money,
Does anyone remember a Teenage kid killed himself because his robinhood app glitched and show him that he was under thousand of dollars
BS
Damn that's sad. Robinhood just fucked me and didn't place my order. So I canceled and it won't cancel, so my money is nowhere to be found. Fuck Robinhood!
Rich people: Why don’t the poor just invest their money like we do
Poor People: OK, We will..GME, AMC, oh & BB
Rich People: Wait Stop!!! Robinhood make them stop....no no no 😫😡
Haha so true
Robinhood:. Consider it done
Exactly, they named the company robin hood and as soon as that started happening they crumbled
😂😂😂
@@mrtrevoroh Cause they are robbing from the hood haha.
There is a lot of irony in the fact a company that is named this, who were the heroes at first to this reddit page, now they are the enemy.
"steal from the poor give to the Rich"- Robinhood
more like robbin your hood
Niwwa thats a quota from Jesús trump
@@notthemaster763 😂😂
Q: Why did you steal the cake?
A: My mother's hair is curly.
Q: Why is your mothers hair so curly?
A: yeah! I really love cake.
Notice how he shakes his head from side to side. According to some experts in lying this is a subconscious move when someone is lying. Your body is basically telling the truth.
SAME thing I was thinking as I watched his body language..!
Weird.
😳
He swallowed HARDD when Cuomo said “you don’t check any of those boxes” 😂
Good catch- u cant hide that kinda shit. Thats guilt
@@kameronoleary9262 It's telling his response to the SEC compliance was " well lots of brokers have to comply" that was most telling. Nobody telling the truth would say "lots of brokers/people,Instead of saying I or My" when you hear that you know that person is usually full of BS.
GUH
sus
He’s flat out lying
"Spokesperson for the individual investor." You don't speak for me, kiddo.
He needs to stop assuming every single person on robinhood is some dumb naive fool.
“It’s not about the money, it’s about sending a message”
-Joker
wallstreetbets willing to burn the city down
Actually, it’s about the money 🤣
@@josephtran4891 I guess depending on the perspective you frame the quote, then yes. However, if you’re talking about the point in this buying GME stocks, then a lot of people are going to lose from this, so a lot of it really is fueled by trying to screw over the hedge funds and sending a message as opposed to monetary gains
The Joker just destroys. The Gorillas squeezing these snakes are Banes.
The way he is fumbling for words you know he’s lying he definitely stopped it to protect the hedge fund short side
mb he is fumbling with words because no matter what he sais people wont deviate from the popular narrative. u guys are all brain washed
@@Alfalfa88888 you believe this clown?
@@animashups9646 no reason not to. a lot of brokers like robinhood had to prevent purchase of the stock because of the clearing houses.
Vlad: "We have regulatory requirements"
The Regulators: "We didn't say shit"
Vlad: Ok wanna now the truth my billionaire suger dady asked me to do it or I would not get F%'ed yesterday
@@shadowsamurai4074 maybe but I think the real reason is because they face liability ones this is over which means alot of lawsuit for allowing this to happen from the big guys
@Bart Sky We know what he realy meant😄😉
they did actually, they needed to put up billions of dollars and they raised it overnight. you dont know how this works.
@Bart Sky true but if they can’t cover they should have stopped the stock all together. Allowing to sell but not buy greatly favors the side of the shorters.
Yes, RH literally starved the little guy. That's what happened!
starved the little guy? How?
@@annielin2894 the little guy wanted to buy (eat) and robinhood didn't let them.
@@annielin2894 By keep Share holders, and Robbinhood account holders from buying more GameStop, AMC, Stocks. Therefore if no one can buy shares, prices will go down, and shareholders of that stock lose money, and while share holder lose money, Hedgefund investors get less indebt.....Point being don’t make the Rich 1% mad.
@@annielin2894 let them eat god damn it!
Poor little guy looking frail now
Holy shit. Did Cuomo just actually grill someone who deserved it? Mind blown.
I know wtf is happening?😂
I find Cuomo generally bad at listening. He's more pushing his narrative.
Wtf are you talking about he always does
“Regulatory requirements” “Financial requirements” WTF is he referring to?
Financial requirements refers to the requirement to have the cash onhand to cover a shortfall if there is a default in the trading of shares by an investor. If you use a clearing house, then you have to give money to the clearing house to cover any shortfall if a trade does not settle. Robin hood does their own clearing which means they need to have all the cash on hand to cover any shortfall, so it looks like they had to halt trading of these stocks cos they didn;t have the cash/Govt bonds to cover any more trades of these volatile stocks. If this IS what was going on, then he did a really piss poor job of explaining that, and he sounded dodgy as hell. I amn assuming he didn't want to say "We are a small comapny and don;t have the cash to cover such an unprecedent amount of trading in one type of stock"
@@EfftupSmith I was thinking something very similar. Agreed, if that /is/ roughly the situation, he did a terrible job of explaining it. If he was trying to dance around saying "we don't have enough cash [to meet that kind of regulation in this bizarre situation]" in some attempt to not lose their customers' confidence, I fear that it /completely/ backfired by making him instead appear as a terrible liar trying to dodge questions to hide nefarious intentions.
If Robinhood is willing to do that imagine what they're doing with the rest of your information
It came out that they sell our information to Wall Street. I don't have the link but it's been circulating around on the news outlets. You can try giving it a look.
Google knows you better than you know yourself.
I liquidated all my holdings.
I was using TDameritrade.
This whole thing is very very dirty.
Of course they use data of their RH investors to benefit others aka Wall Street Heavies. If something is free then you are the product.
He’s clearly covering for whoever made him do it
What did Vladimir I mean Vlad say? Lol
@@terrencedabney843 watch the video and it should be obvious.
Meanwhile the Democrat government backs up Robin Hood and these hedge funds on what they did.
If you watch the video you will see he talked around the question he didn't answer anything if anything he was trying not to say the new Robin hood is near to screw the little if they make money and sell their stock they are locked out they cant mive up move around and buy back in if they want and are invest in other products...does that sound right ....sounds like something you dont want to invest a dime in as the folks running the show are crooks
@@terrencedabney843 literally nothing except legal and business drivel
I wouldn’t want to be interviewed by Chris when he has THAT LOOK on his face!!!!
I was saying the same thing!! It's the "I don't believe you/you're lying" eyebrows🤣🤣🤣
😂FR
@Brooke Baldvag Don't get political this is about the average man vs the billionaires
Red or blue doesn't matter
He prob had so much in gme 😂
HONESTY
Damn, that guy just killed the “Robinhood” brand completely with his BS trying to spin his way out of being a crook. Good job. Lol
Cuomo destroyed him with a lot of questions but the one that trapped him was when he’s asked “So why did you do it”.
LOL
“We stopped regular people from making money for their own good.” Gfy
@Wilson Now that is a good stimulus payment
@Wilson that's awesome
He needs to go to jail ✊🏾
@Wilson Give me some 🤗
So his defense is “We didn’t want to do the paperwork”.
@Brooke Baldvag WE heard you the 1st time........ people are concerned about their investment.... direct your hate for the Dems elsewhere.
@Brooke Baldvag you're so boring
@Brooke Baldvag Speak english
No his defense "we didn't want to give clearing houses more money to settle these buy transactions because out brokerage firm is low to no margin and we aren't gonna lose our money over this."
@@sparkyjones560 so why were they selling their investors shares without their consent at the lowest dip?
Super obvious that this man is lying about what he is saying!!!
BOYCOTT Robinhood. "F" the wall street billionaires
Massive class action lawsuit brewing against them, millions signing cause they lost money over this stock manipulation
if u boycott, u are helping the billionaires, think about it. Boycott the billionaires shorting the stock, thats the issue.
@@donnie9001 LMAO!!!!! how many accounts do you have?
done
@@pincandies5894 only 1. I am a regular investor, started with robinhood last year. Robinhood a startup company. If this was your company, you would have done the same. hypocrites...
That’s the look of someone who knows his business is effectively finished.
He chooses to be in the wrong side of the history.
With the amount of $ he got paid for doing it, I prolly would too. I'd like to say I wouldn't be a piece of shit, but I'd only know that when the time comes.
@Midorima Shintaro Just think how much their IPO potential lost in all of this. He doomed the company’s future.
@Midorima Shintaro RobbingHood is going down. No customers = no Bu$ine$$.
You guys need to watch the CEO of Webull explained what happened. Numb nuts here doesn't do a good job at explaining himself. Believe it or not he actually saved our asses
@@arcguardian Ok so what numb nuts here is saying is that the clearing firm changed up the requirements on him suddenly and told him he needs to put up a 100% collateral.... He doesn't have that money.. When you execute trades it takes 2 days for funds to settle. And usually there is a small collateral but he's been told he has to cover 100% of billions of dollars for the transaction. In plain and simple terms he doesn't have the money to cover the transactions until settlement. He's just taking a roundabout way of saying it. And then the Hedge funds would have just filed for bankruptcy and not even reimburse the funds back to RH. Leaving Robinhood the platform to PAY for every trader. But most likely what would have happened is all those accounts on reddit showing the millions of dollars in equity would have had big fat ZEROs $0.00000 when they sold and the transaction settles.
Vlad aka numb nuts thought it better to shut off the buy button so people could sell and deflate the price and prevent buying. Which btw it turns out, when you buy a stock, they actually FRONT the money for you (because your funds don't go over immediately) AND THEY DON'T HAVE THE MONEY TO FRONT, and once again their clearing firm is requiring 100% collateral. In other terms if you executed a buy they wouldn't be able to do it literally.... Because they can't meet the financial requirements of the clearing firm so they shutdown buying for the mass amount of retail investors, so the stock could deflate a little, decreasing volatility, therefore allow hedge funds to buy and sell allowing RH to recoup funds so that retailer investors can buy again..Honestly i think he made the decision to short us on some profit instead of shorting us a 100% of everything
Oh I love how Cuomo is so clued up. Doesn't just follow a script, he brings his own knowledge to the table, which really stumped the CEO.
Robinhood: Let the people TRADE!
Trump was right
CEO of RobinHoodwink does not think do.
What they did was more like "let the stock plummet" 😑 but seems like institutions shorted more before the bell
Well that was a fucking lie
and by the people, they meant their rich people
Robinhood bailed out the billionaires to "protect" the little guy... wtf?
Yeah, he just keeps saying words and there is no coherent explanation forthcoming just utter nonsense. What a contemptible worm.
Billionaires: They tuk ar jobs!
"We 100% will always protect our customers"... From what exactly? Making money?
When he was asked "why?", You could absolutely see it on his face the moment he lied.
Exactly these people are more fake than world record body builders that say they dont use performance enhancing drugs.
Everyone PLEASE GO DOWNVOTE ROBINHOOD at the App Store
Absolutely!!!!! This guy should be stripped of his wealth and thrown under the jail. Better yet, just let the people he screwed over get ahold of him for 5 minutes! Fucking sickening
@@positrack99 you can't. Google and Apple keeps reverting it's rating and blocking the reviews.
The main reason why you could sell, but not buy, is that Robinhood would have had to put up 100% of the value of the BUY paid to the clearing house. If your selling, they don't need to. The bottom line was they could not afford to front the cash for the BUY orders. The 100% was required by the clearing houses as GameStop was deemed very high risk, but a typical stock buy is under 5% cash advance required. With the 100% applying to the GameStop shares, Robinhood suspended the trading of that stock so they could still conduct business with the BUY orders that they only needed to submit under 5% cash up front for. At the end of the day, what he didn't want to say, and was avoiding was they didn't have the money to support the BUY orders. No one had to ask them stop BUYs, because they were close to running out of cash, and would have been insolvent - and that would have (and mays till) breach the public trust.
instead of paying up and covering their shorts they restricted buying of the stocks. They will do anything to make sure a squeeze isn't triggered. The fight is still going on because they've yet to cover their positions.