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eigenrobot's profile
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@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    eigenrobot‏ @eigenrobot Jan 28

    eigenrobot Retweeted James Surowiecki

    so this seems to be a story that is consolidating. and robinhood didnt come out and say this because . . . it makes them look worse to investors maybe? not retail investors but people who would actually buy them? some other reason? i am not in the weeds enough here to knowhttps://twitter.com/JamesSurowiecki/status/1355035563368321027 …

    eigenrobot added,

    James SurowieckiVerified account @JamesSurowiecki
    So it looks like Robinhood did not prohibit customers from buying GameStop or AMC as part of a conspiracy to protect short sellers. It did it because it literally couldn't afford to let them keep trading. https://www.nytimes.com/2021/01/29/technology/robinhood-fundraising.html?smid=tw-share …
    Show this thread
    11:19 PM - 28 Jan 2021
    • 11 Retweets
    • 149 Likes
    • Dinah C. sadals🪐🔮d AskingForAFriend Hazel Motes Jonathan "Mad Monk" Parks sg 🚶‍♂️Vehicular Man's Laughter 🚗 metakuna is in NYC (5/100 blog posts) zywiec
    23 replies 11 retweets 149 likes
      1. New conversation
      2. eigenrobot‏ @eigenrobot Jan 28

        but it seems like there has to be a reason why they didn't just come out and say it right (???)

        11 replies 0 retweets 54 likes
        Show this thread
      3. eigenrobot‏ @eigenrobot Jan 28

        eigenrobot Retweeted James Surowiecki

        https://twitter.com/JamesSurowiecki/status/1355053272063758343?s=19 …

        eigenrobot added,

        James SurowieckiVerified account @JamesSurowiecki
        Replying to @eigenrobot
        Yeah, that's the obvious reason why they wouldn't have said it earlier: if you're trying to raise money, you don't want to make it look like you might be going out of business if you don't get the money.
        3 replies 0 retweets 41 likes
        Show this thread
      4. eigenrobot‏ @eigenrobot Jan 28

        ok but im not toooootally sure about this for the following reason (which may simply reflect a further degree of ignorance on my part) this explains why they would stop new buys but not necessarily why they would actively sell existing positions . . . I think? can imagine things

        10 replies 0 retweets 35 likes
        Show this thread
      5. eigenrobot‏ @eigenrobot Jan 28

        overall this is a really fast moving and low information situation and while there are reasons to believe its a conspiracy i think some of those reasons are unrelated to whether it was a conspiracy

        3 replies 0 retweets 28 likes
        Show this thread
      6. eigenrobot‏ @eigenrobot Jan 29

        eigenrobot Retweeted State Line Crossing Enthusiast

        hehehe hehehehehttps://twitter.com/MatthewGalanty/status/1355063492697591812?s=19 …

        eigenrobot added,

        State Line Crossing Enthusiast @MatthewGalanty
        Replying to @eigenrobot
        also coming out and saying that the more you trade the higher volatility, the more their financial systems will essentially crash is not a thing I would imagine you'd want to tell a bunch of autistic redditors who are trying to destroy financial companies for the lulz
        5 replies 1 retweet 50 likes
        Show this thread
      7. eigenrobot‏ @eigenrobot Jan 29

        eigenrobot Retweeted Jack

        https://twitter.com/Triplebtakes/status/1354944584170655756?s=19 …

        eigenrobot added,

        Jack @Triplebtakes
        Replying to @bespokeinvest
        Today on the internet... pic.twitter.com/zCr2XuSI9v
        3 replies 1 retweet 36 likes
        Show this thread
      8. End of conversation
      1. New conversation
      2. prendal‏ @manforoneseason Jan 28
        Replying to @eigenrobot

        either way they look pretty bad right

        1 reply 0 retweets 7 likes
      3. eigenrobot‏ @eigenrobot Jan 28
        Replying to @manforoneseason

        oh yeah

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. New conversation
      2. James Surowiecki‏Verified account @JamesSurowiecki Jan 28
        Replying to @eigenrobot

        Yeah, that's the obvious reason why they wouldn't have said it earlier: if you're trying to raise money, you don't want to make it look like you might be going out of business if you don't get the money.

        5 replies 2 retweets 30 likes
      3. eigenrobot‏ @eigenrobot Jan 28
        Replying to @JamesSurowiecki

        🙇

        2 replies 0 retweets 5 likes
      4. End of conversation

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