the screenshots (which could be faked obviously, but there have been no allegations of that) contain verbiage to the effect of "we took the liberty of closing out your position"
What's more likely: multiple Robinhood customers all colluded in a very short time to make it look like RH sold their shares without their consent, or RH actually did this?
Customers regretting a bad trade use the hoary old claim a “glitch” to try to get broker to reverse it, post about it to try the ol social media shaming to ratchet up the pressure, and dozens of copycats do same?
Or Robinhood decided to start driving GME price down with forced client sales to make the DTCC increase their collateral requirements and force them into bankruptcy so they can end this madness?
Arguing in bad faith for retail investors isn't going to help.
And if the latter is indeed true, it's textbook market manipulation by RH to save their own ass, and I hope RH is punished to the fullest extent of the law.
Most retail investors are just like WSB members, clueless newbs who know nothing about how the market works and it doesn’t take many to try the dumbest Hail Marys possible.
Occams razor tells you it’s not market manipulation because Robinhood wouldn’t last long enough for the law to do anything.
Do you really not understand how margin collateral requirements work, how close to bankruptcy this trade has pushed Robinhood, and how dangerous that is even for “winning” GME traders?
