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/biz/ - Business & Finance

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16161718 No.16161718 [Reply] [Original]

Robinhood just got hacked! Quick download your money!!!!

>> No.16161725

>>16161718
>robinhood
>it wasn't an exit scam

pajeets aren't even making it fun anymore

>> No.16161742

>>16161725
They just started filing bankruptcy dood. If it's an exit scam they don't know how to exit.

>> No.16161745

>>16161725
What's the meme with pajeet?

New to /biz/

>> No.16161779

>>16161742
Source? Also when will Tesla go bankrupt. Elon been scamming for too long.

>> No.16161815

>>16161779
https://www.bloomberg.com/news/articles/2019-11-05/robinhood-has-a-glitch-that-gives-traders-infinite-leverage?srnd=technology-vp

Also, Tesla is going to be able to file bankruptcy in such a way they protect their assets. Likely get some government welfare. New breakthroughs in batteries make them more affordable..

>> No.16161963
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16161963

imagine being this successful and incompetent at the same time

>> No.16161987

>>16161963
Lol.

>>16161815
This is the reason im considering withdrawing everything and finding a new broker. Its not even hard to fix the shit they have. Get rid of leverage and suddenly most of their big issues that could bankrupt them is fixed. The worst part is rather than halting any future use of their money when the glitch was discovered they left it active while acknowledging it's existence and that theyll attempt to fix it. Lol like really just pause it until its fixed.

>> No.16162006

>>16161987
>You can withdraw from a company in full panic mode.
GL Anon... I hope you can... Because their reserves are pretty damn empty. Reddit drained well over $20m out of them.

>> No.16162026

Can someone explain why robinhood doesnt use a liquidation engine like in crypto and allow 25x leverage?

>> No.16162153

>>16161815
This sounds illegal

Also, couldn't this put someone in like $10 million dollars in debt? Feel like they could sue if that's the case

>> No.16162157

>>16162153

about 6 people have done it, 4 are bankrupt and the other 2 are waiting. I think they al got their assets frozen because no shit

>> No.16162177

>>16162006
20 million!? Last i saw it was about 1.75 million

>> No.16162211
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16162211

Almost got spooked. Someone on reddit posted pic related. Thought he was referring to robinhood.

>> No.16162340

Robinhood has to be fucked on this, right? This is a huge blow to them

>> No.16162473

LOL this is why I only use E*TRADE.com

>> No.16162510

>>16162211
Go back

>> No.16162523

>>16162177
That was only one guy

>> No.16162531

>>16162340
This is from yesterday, hilarious reading.
https://www.reddit.com/r/wallstreetbets/comments/drz8x0/prt_has_been_legalized/

tldr Robinhood is FUCKED

>> No.16162541

How is Robinhood fucked? These users chose to take out millions in debt. Robinhood will make shitton either way: if users fuck up, then Robinhood rakes in the interest and if users don't fuck up Robinhood realized tons of money.

>> No.16162629

>>16162541
People are bankrupting themselves and declaring bankruptsy. Robinhood gives them money to jorrow and collects no interest when they fail to pay it back.

>> No.16162740

>>16162211

Brainlet here, when you take leverage on robinhood, do you have to pay what you lose or its like in binance that you get liquidated with your initial deposit ? Like this retard how is going to pay 6.5$ B?

>> No.16162839

>>16162740
That person didnt lose 6.5$b on Robin hood brainlet

>> No.16163199

you're telling me reddit is going to kickstart the next recession?

>> No.16163263

>>16161745
A pajeet represents hordes of Indians that will shill any scam coin for 2$/week
Don't trust a pajeet

>> No.16163690

>>16162740
yeah you have to pay it back but tf is robinhood going to get from some 20 year old retard living in a cardboard box