More than half of all Robinhood users own at least some GameStop stock.
They are now unable to freely trade it; the app is only allowing users to close out their positions. https://t.co/DgN1H496wx
— Motherboard (@motherboard) January 28, 2021
Whew! I spent the entire day following the Robin Hood fiasco – institutional investors and insiders suddenly changing the rules because they were getting beaten at their own game by a bunch of regular investors on reddit. I was utterly amazed at how brazen they were in their seemingly illegal actions, shutting down the ability to trade in certain stocks, indifferent to the optics or the potential fallout.
On @BloombergTV now, Interactive Brokers Chm Thomas Peterffy said regulators/brokers agreed that restrictions on trading because they believed the short squeeze would keep "going and going." So they had to "stop the losses."
Stop the losses for whom, Thomas? Who was at risk?
— Jim Bianco (@biancoresearch) January 28, 2021
But will there even be a fallout beyond the pending lawsuits? Politicians talk a big game, expressing plenty of outrage on twitter, but I’ll be interested to see how much back bone they truly have when the time comes.
New York Attorney General's office says they're "reviewing Robinhood app activity," including GameStop issues. pic.twitter.com/WV76Gf8kka
— Greg Walters (@thegregwalters) January 28, 2021
Lovely to have all these new followers .. can we just check that you know that you’re following The World Wide Robin Hood Society in Nottingham and not the Robin Hood App .. if so .. a big welcome from Sherwood 🙌
— Robin Hood (@robinhood) January 28, 2021
How about a little Yes/No…
Pink Mac and Cheese with candy flavor? Yes/No
Kraft Launches Pink Mac and Cheese for Valentine's Day That Tastes Like … Candy? https://t.co/ex7Vtkh6YO
— Joseph Mallozzi (@BaronDestructo) January 28, 2021
The worst part of being a writer is the waiting. You complete your overview, outline, or script, and send it out, and then you stand by for notes. The first few days are great because your days are free and you can focus on other aspects of your life but, as the days stretch into a week, and then more than a week, you start to wonder: What is taking so long? How many notes are they amassing? Are they already in negotiations with a new writer? And, as more time passes, you begin to second-guess those creative choices. Maybe I shouldn’t have gotten rid of the mysterious murder? Maybe I should have included the scene where Dran gets thrown out of the moving car. Maybe I should have suggested that Boys Republic song over that second AleXa track. Or maybe I’m overthinking things and they simply haven’t had time to read it.
I’m sure they’ll get back to me shortly…