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Protected the rich and stole from the poor, the RobinHood App should rename itself

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by COINS NEWS 135 Views

RobinhoodApp made a decision to block retail investors from purchasing stock while hedge funds were freely able to trade the stock as they see fit. That app, governments, and corporate media sprung into action and colluded to protect hedge funds on Wall Street, showing exactly what a rigged system looks like.

Robinhood stole from its users, it blocked further purchases of GME and other stocks that were being pumped, and proactively sold shares owned by its traders. The company made further money selling trading data to hedge funds while only acting to protect big banks and themselves.

Robinhood does not deserve the name Robinhood who is a legendary heroic outlaw in English folklore who famously β€œSteals from the rich and gives to the needy” - That trading App is a criminal enterprise no better than corrupt corporations and bailed out banks.

submitted by /u/Jxntb733
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