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Comment by natrik | Hacker News Reader

Absolutely disgusting what Robinhood did.

PR Puff Piece by Robinhood - https://blog.robinhood.com/news/2021/1/28/keeping-customers-...

Keeping people safe from themselves. Stocks where Retail investors are blocked from buying by TD Ameritrade, Robinhood, etc. yet hedge funds and others are free to continue...

Just yesterday Discord bans the WallStreetBets community.

Note: I held a few positions in some of these volatile stocks

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> Our mission at Robinhood is to democratize finance for all.

Sounds great!

> Amid significant market volatility, it’s important as ever that we help customers stay informed.

Excellent, thanks for the information.

> We fundamentally believe that everyone should have access to financial markets.

so......

> we are restricting transactions for certain securities to position closing only

Discord has had significant investment from FirstMark Capital, Greenoaks Capital Partners, Index Ventures, IVP, Greylock Partners, Benchmark, Accel, General Catalyst, Ridge Ventures, Spark Capital, and Tencent Holdings. How much you want to bet they also involve with the hedge funds?

I can tell you with some confidence that no partner at any of those funds could care less what some public market long/short outfit thinks and vice versa. Both of these groups of people invest money and that's about where the similarity ends.

Exactly. Trading halted when it was going up. But no problem letting it plummet down to 112 earlier when most could only sell.

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