Ice Cube sues Robinhood for using a photo from Are We Done Yet
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When We Speculate, We See What We Want - The Good Men Project
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Guy Who Flew ‘Suck My Nuts Robinhood’ Banner Over SF Tells His Story
The GameStop “meme stocks” sensation has blown over, but the fellow whose “Suck My Nuts Robinhood” banner provided an amusing epilogue to the tale explains the details of the stunt.
Let us first be clear that there are no “good guys” in the GameStop stonks saga of late January, billed breathlessly at the time as a revolution of Redditors “beating Wall Street at its own game.” A month later, absolutely nothing has changed about the institutional investment sector. Some hedge funds actually made a killing off the whole affair, while most r/WallStreetBets Redditors lost their shirts on the bandwagon-jumping phenomenon. The episode did create a bad PR moment for the day-trading app Robinhood, who restricted trading of GameStop amidst the frenzy, angering legions of white male Elon Musk devotees, some of whom gathered to throw animal poop at Robinhood’s Menlo Park headquarters.
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Reddit favorite GameStop isn’t looking so hot this week and some of the stock’s biggest backers are freaking out.
After selling off sharply all week, the stock fell another 42% Thursday.
“We have the advantage. All we have to [do] is buy and hold shares,” wrote one of the users.
Robinhood briefly placed restrictions on trades in GameStop last week. Both Citadel the hedge fund and Citadel Securities have both denied any role in this decision.
Elsewhere on the forum, another said: “To any [hedge fund] plants in the sub trying to break [WallStreetBets]: F you. I’m not selling. We’re not selling.”