Stonks

[heyzeus]

How does everyone feel about this Gamestop thing? Anyone make like a million dollars?

[Leroy]

I think I had it for a couple of weeks in high school.

[mikechamp]

Just as long as I don't have any storks coming to my house, I'm good.

[heyzeus]

Robinhood is gonna get sued. A lot.

[thrill]

The idea of meme-based day trading is bad to me. I know I don't know anything about this stuff, but there are thousands of people who are possibly even more ignorant than me that are getting in BECAUSE OF MEMES.

AND THEN I see [expletive] Elon Musk juicing his own holdings just by tweeting [expletive] that his dumbass fans follow like it's gospel, he cleans up and then gets out. I have zero interest in this type of behavior. It's exploitative and irresponsible.

If I was in early with the r/wall street bets or whatever crowd, sure, but at this point, getting in seems like lemming behavior.

[cardinalkarp]

Robinhood is gonna get sued. A lot.

In your expert lawyerly advice, if my fiancé does some hobby type investing through robinhood, would it be best for her to get her $$ out of there. If they are under litigation can they somehow freeze accounts?

[Freed Roger]

Really good book that constrasts US rich with wealth empires etc - "Wealth and Democracy-Political History of the American Rich" by Kevin Phillips. came out a decade or so too early.

[Freed Roger]

the old Tulip bubble of 1625

[thrill]

https://learn.robinhood.com/articles/7u ... socialism/

Socialism is an economic system, which contrasts with capitalism. Under socialism, the means of production are owned collectively rather than by individuals. Historical examples of socialist countries include Nazi Germany and the Soviet Union. Contemporary examples of socialism include Venezuela, Cuba, and China. Socialism is different from capitalism, in which individual property rights determine ownership. Under capitalism, each person is entitled to the wealth they create from their land, labor, equipment, and entrepreneurship.

I have emboldened all of the factually incorrect statements in Robin Hood's "primer" about what socialism is.

Might want to give this dumbass company a wide berth in general.

[heyzeus]

https://learn.robinhood.com/articles/7u ... socialism/

Socialism is an economic system, which contrasts with capitalism. Under socialism, the means of production are owned collectively rather than by individuals. Historical examples of socialist countries include Nazi Germany and the Soviet Union. Contemporary examples of socialism include Venezuela, Cuba, and China. Socialism is different from capitalism, in which individual property rights determine ownership. Under capitalism, each person is entitled to the wealth they create from their land, labor, equipment, and entrepreneurship.

I have emboldened all of the factually incorrect statements in Robin Hood's "primer" about what socialism is.

Might want to give this dumbass company a wide berth in general.

Damn, that's infuriating. Sometimes, people really don't know the difference between socialism and communism (or between fascism and other totalitarian systems). But then there are the people that know the difference and are just propagandists. This is the latter.