Prediction: the reason why Robinhood has been forcefully closing out client's GME positions will turn out to be because some or all of those GME positions didn't actually exist.
Unlike Bitcoin, there's no way for average investors to know if the numbers on their screen correspond to actual shares. You need crypto for that.
I'm not 100% confident this type of fraud and/or incompetence is happening. But I'll give it >50% probability.
Follow
@NunyaBidness https://twitter.com/joemccann/status/1354859879337320452
Looks like this is certainly extending to outstanding orders being cancelled; unclear if it's going as far as forcefully selling positions.
@NunyaBidness That sounds like a question for the lawyers...
@pete
Addendums can be made no?
If not it's a "whole 'nuther" CALS just waiting to occur.