Robinhood is stopping restrictions, too little too late...

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Damage is done

So, Robinhood has stopped the restrictions on its app to buy extra Gamestop shares. In the meanwhile GME dropped 42 % and gave shorters a good breather. That was the plan, and it worked out for them. But the damage done to the brand Robinhood is irreversible. Who in his right mind will trust Robinhood with his or hers money if they know that Robinhood will restrict your account when the going gets tough.

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It was a very slick move by the elite capitalists, and it worked for now. But I am sure that the common Joe's that started this ride, will find another solution to make their plans work in the future. But it won't be through Robinhood, that is for sure. If you capitalise for the big money, you pay for it in some way. They wanted to be the preferred app for Average Joe, I guess that won't be the case anymore. And for very good reason!

Keep on doing what you do, Wallstreetbets, you make the world a better place, in a very weird way!

Sincerely,

Pele23

Posted Using LeoFinance Beta



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