Charlie Munger blasts Robinhood, company fires back

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[srf]

The blatant use of semantics by HOOD saying "they don't allow day trading" is a clear warning sign that management is manipulative and not transparent. Number one red flag for an investor. Stay away from this stock/management.

[daveschmarder-US]

I wish that Charlie Munger would tell us how he really feels!

[thesoccertrotter]

Robinhood is lying, back in 2015 I was definitely day trading on Robinhood

[hungrychef]

"Robinhood does not allow day trading or short selling" also does not allow selling of any kind when you try to sell your GME stocks.

[ArtEmisK]

Remember the old adage - when something is free then YOU are the product

[viviangall]

How to outperform the stock market; read thousands of annual reports, learn about margin of safety, buy undervalued stocks, insider information and seek professional help.

[philipsearch]

Robinhood I heard is corrupt and traders have had issues with being hacked in the past.

[philipsearch]

….And Robinhood “doesn’t allow day trading” but they do allow.
They lie #sillyrobinhood

[drizzle]

Robinhood introduced zero commission trades, yes they profited heavily from PFOF but it introduced a large number of people to the market.

[ericjovenitti]

Yeah Robin Hood you didn’t address the kick back part you’ve never talked about what your average rate of return is it’s a conduit to losing money because you actually don’t build skills

[MoorWalkerPro]

Charlie is great! Reminds me of my Grandad. His generation tells it like it is . So refreshing

[Maruchiru]

My friends are doing day trading for months at their platform, and now Robinhood said they are not allowed?

[zoemayne]

Charlie and Buffet never would name a hedge fund directly. But they have no problem dragging HOOD. Whether you like robinhood or not they changed the whole industry for the good. Most brokerages don't charge fees for buying because of robinihood.

[HoneyBadgarDontGive]

Why would Robinhood think CNBC would be pleasant about their response to Munger...even if you agree with Munger to some extent - this was a bit of a PR failure by them (again)...

[tomjones]

Robinhood: "No day trading & short selling"

Wallstreetbets: 😏

[Mrchickenonabun]

They have the same PDT day trading rules as any other brokerage...

[HashPhantom]

It’s all a game, always has been, they want to be the only ones playing it.

[EvangelistRBColbert]

Platforms like RH, M1 Finance and Webull have made it possible for the little people to invest and the big 🐋 can't handle it. If it weren't for these brokerages, Fidelity and Charles Schwab would still be out of reach for the small investor. LOL

[Raven]

Thank you for highlighting that blatant lie on day trading. Just wow.

[michaelgrant]

They say AMC is paramount at the moment, But do you have an idea how well it would do? I just retired and set aside $150k to invest vigorously with mainly AMC and NIO. Kindly let me know your thoughts.