THREAD on Robinhood/Reddit/GME: CONGRESS is calling for action, but no one has clearly articulated what they actually want.
We could look back on this as the biggest “Pump & Dump” in history... with the little guys carrying all the water & then getting it dumped on their heads.
Short selling is absolutely legal and adds to efficiency of the market.
He’s been unsuccessfully trying to get lawmakers to focus on this for a while.
Melvin DID get crushed, but they’ve been completely out of the trade for 2 days, which means the Reddit Army’s
“STICKING IT TO THE MAN” crusade is currently sticking it to your fellow man & possibly getting yourself stuck.
When the music stops and the stocks drop, there will be a lot of pain.
ROBINHOOD proved this week that they are NOT what they promised.
The CEO was happy to announce they have the most popular app, but it’s worthless if it cannot execute trades.
Robinhood’s model was offering “free trades”
They drew in scores of individual investors & then sold that order flow to Citadel (which is both a broker/dealer AND a hedge fund - confusing).
More from Politics
We’ve been getting calls and outreach from Queens residents all day about this.
The community’s response? Outrage.
Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here.
When we talk about bringing jobs to the community, we need to dig deep:
- Has the company promised to hire in the existing community?
- What’s the quality of jobs + how many are promised? Are these jobs low-wage or high wage? Are there benefits? Can people collectively bargain?
Displacement is not community development. Investing in luxury condos is not the same thing as investing in people and families.
Shuffling working class people out of a community does not improve their quality of life.
We need to focus on good healthcare, living wages, affordable rent. Corporations that offer none of those things should be met w/ skepticism.
It’s possible to establish economic partnerships w/ real opportunities for working families, instead of a race-to-the-bottom competition.
The community’s response? Outrage.
Amazon will divide its second headquarters evenly between New York's Long Island City and Arlington County's Crystal City neighborhoods. Other cities may also receive major sites. https://t.co/c1lKmeQinX
— The Wall Street Journal (@WSJ) November 13, 2018
Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here.
When we talk about bringing jobs to the community, we need to dig deep:
- Has the company promised to hire in the existing community?
- What’s the quality of jobs + how many are promised? Are these jobs low-wage or high wage? Are there benefits? Can people collectively bargain?
Displacement is not community development. Investing in luxury condos is not the same thing as investing in people and families.
Shuffling working class people out of a community does not improve their quality of life.
We need to focus on good healthcare, living wages, affordable rent. Corporations that offer none of those things should be met w/ skepticism.
It’s possible to establish economic partnerships w/ real opportunities for working families, instead of a race-to-the-bottom competition.
I told you they’d bring this up
I was wondering why that tweet had so many stupid replies. And now I see
Seriously, this was “the night before.” If you’re at the march where they’re changing “Jews will not replace us” and “Blood and soil,” you’re not a “very fine person.” Full stop.
There are 3 important moments in that transcript.
1.) When someone asked Trump about a statement *he had already made* about there being blame on “both sides,” he said the “fine people” line.
2. Trump does clarify! “I’m not talking about the neo-Nazis and white nationalists — because they should be condemned totally “
Okay!
Then adds that there were “many people in that group other than neo-Nazis and white nationalists.”
Right-wing media have essentially convinced themselves that Trump never said "very fine people." They're lying. https://t.co/5960NPMYLJ
— Parker Molloy (@ParkerMolloy) February 11, 2021
I was wondering why that tweet had so many stupid replies. And now I see
The Fine People Hoaxers are trying hard to keep you from reading the actual FULL transcript because then you would see how the hoax was pulled off with devious editing. https://t.co/PQLj0DWuPj
— Scott Adams (@ScottAdamsSays) February 11, 2021
Seriously, this was “the night before.” If you’re at the march where they’re changing “Jews will not replace us” and “Blood and soil,” you’re not a “very fine person.” Full stop.
Trump defense talking about how the then-president was praising the peaceful protests at Charlottesville that occurred "the night before" the violence on Saturday. That was the night where the torch-bearing crowd chanted "Jews will not replace us." pic.twitter.com/HCKS6Q9LBY
— Anthony Zurcher (@awzurcher) February 12, 2021
There are 3 important moments in that transcript.
1.) When someone asked Trump about a statement *he had already made* about there being blame on “both sides,” he said the “fine people” line.
2. Trump does clarify! “I’m not talking about the neo-Nazis and white nationalists — because they should be condemned totally “
Okay!
Then adds that there were “many people in that group other than neo-Nazis and white nationalists.”
