Cramer on Robinhood: Their core base was decimated

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[tschopp]

Any brokerage that fails to execute trades at critical times fails in their purpose to exist. They have done this multiple times, why would anybody be interested in that.

[kekkler]

I had a maybe 70k on Robinhood, but when I couldn’t sell certain cryptos at a critical junction and especially when I couldn’t sell GME at a profit, I packed my bags and moved my funds to E*Trade. I got personally burned 3 times by the company preventing buying and/or selling. I even paid for gold before that.

Them losing their core base is of no surprise.

[serg]

They need to look into how users were scammed not allowed to sell their options purposely

[mteevie]

Their reckless AMC and game stop put a nail in the coffin for Robinhood. Their royal customers no longer trust them.

[phillipjackson]

This year a lot of young people learned the hard way that the market isnt an ATM machine...it goes up...AND down.

[somersetbassett]

Robinhood screwed some people over and in this tough market they'll pay. There's many ways to trade and no reason anyone has to use them 🤷

[zionen]

RH was surprisingly clean if you actually read the results of the lawsuit, they did not have enough money to cover the GameStop buys, but can’t expect fairly new company to have that kind of money.

[dkaik]

Considering their base were people hoping to enter the market during Covid for the first time and make a quick fortune, it makes sense they’re gone now during a bear market, as they weren’t serious investors in the first place. The people who are left are smart enough not to use RH with their shady behavior (GME) and fees, knowing there are far better platforms to use.

[millyk]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities :(

[Dean-qecl]

Robinhood is the One.

Long Live Robinhood.

[jonahansen]

Any trading platform that prevents customers from trading should die a painful death.

[jloos]

I love me too, but make less than $18 hr.

[CuddlesOG]

Why on earth would you use Hood when companies like Webull are there then you have Fintechs like SoFi who have a trading platform HAHA

[jloos]

lol if cramer is against COIN it's must be time to push all in!

[卢军宏台长心灵法-ud]

Offering one stick of incense
symbolises wholeheartedness,
faith and devotion to one Buddhist practice,
while three sticks symbolise
the respect to the Triple Gems
—the Buddha, the Dharma and the Sangha.

[matthewbuckner]

SoFi is a better company with better mgmt and CEO

[income]

despite the recent crypto market pullback, there is this new profitable dynamics called Axelstocksfx going on that is good and safe for investment, it’s my 9months with them and I have never had excuses on withdrawals.