U.S.
Robinhood and WeBull Users Revolt After Apps Heavily Restrict GameStop, AMC Trading
Published
1 year agoon
By
Cory Ray
- The Robinhood app has restricted users from buying new stocks in GameStop, AMC, Blackberry, Nokia, Bed Bath & Beyond, and other companies, citing “recent volatility.”
- It currently only allows users to sell off their existing shares of the selected stocks, essentially helping push those stock prices back down.
- The app WeBull made a similar move a short time later, prompting users to flood both apps with negative reviews. Robinhood specifically now also faces two customer lawsuits.
- Lawmakers have criticized the moves as well, with Reps. Alexandria Ocasio-Cortez (D-Ny.) and Rashida Tlaib (D-Mi.) calling for an investigation by the House Financial Services Committee. Notably, Sen. Ted Cruz (R-Tx.) has supported those calls.
Update: As of Thursday afternoon, Robinhood has announced that it will resume limited trading of securities on Friday. Meanwhile, WeBull has now lifted its trading restrictions.
Robinhood Restricts Trade of GameStop, AMC, & Others
In an extremely controversial move, the popular trading app Robinhood restricted users from being able to buy new stock for GameStop, AMC, Blackberry, Nokia, Bed Bath & Beyond, and more on Thursday.
WeBull, another free-to-trade brokerage app, made a similar call hours later when it blocked users from buying shares of GameStop, AMC, and Koss. In separate statements, each company cited volatility in the market as catalysts for their decisions.
In light of current market volatility, we are restricting transactions for certain securities to position closing only, including $AMC and $GME. Read more here.https://t.co/CdJMjGAeFH
— Robinhood (@RobinhoodApp) January 28, 2021
While users can’t buy new stock, both apps are still allowing users to sell off their existing shares. In effect, that means Robinhood and WeBull are only allowing moves that will push stocks in companies like GameStop back down.
Both moves come as the U.S. stock market has been heavily upended by a group of Redditers from the subreddit WallStreetBets (WSB). Notably, they’ve been leveraging a process known as short-squeezing to force hedge funds to take massive losses in these stocks.
While short-squeezing is by no means a new tactic, the efforts by WSB over the last week have been wholly unprecedented. For example, GameStop’s share price surged to $470 Thursday morning, but just half a year ago, its shares were only priced at $4.
Its success then led to a number of other stocks getting short-squeezed, though none of them have come close to matching GameStop’s metrics. In fact, Thursday, many of those stocks fell and appeared to re-approach their pre-squeeze numbers (with the notable exception of the joke cryptocurrency Dogecoin).
Robinhood and WeBull Users Outraged
The loss of Robinhood and WeBull for WallStreetBets traders, as well as those jumping onto the hype fueled by their actions, represents a significant setback.
For one, both apps are extremely popular. Coupled with that popularity, they also allow users to purchase stocks without any fees attached. Notably, that feature has been instrumental in driving up GameStop’s price as traditional brokerage firms generally charge fees.
It’s also why news of Robinhood’s decision has far out-shadowed similar restrictions put on some forms of trading by traditional firms like TD Ameritrade and Charles Schwab.
Online, users of Robinhood were quick to criticize the company and accuse it of abandoning its mission: “to democratize finance for all.”
“Our mission at Robinhood is to democratize finance for all.”
— Goldenboy (@GoldenboyFTW) January 28, 2021
Stopped paying attention after that. Just tell the truth that Wall Street fat cats got to you and you caved.
FOH with that noise. https://t.co/0viIcTbvry
Robinhood shutting down trading on AMC and GameStop; also preventing users from depositing new money into accounts. This is seriously questionable behavior by a platform that says it wants to “democratize” investing.
— Robert J. DeNault (@robertjdenault) January 28, 2021
As criticism continued to pour in from all corners of the Internet, users began to review-bomb the app on Google Play, and Robinhood has now even been slapped with at least two class-action lawsuits from customers.
Before WeBull announced it would follow Robinhood’s example, many users lamented that they would be switching to WeBull; however, that still represented a problem for GameStop’s stock. Two hours after Robinhood’s announcement, shares of GameStop plummeted to $130. Meanwhile, a new WeBull account would take several days to activate.
Do not sell #GME!! If you're on Robinhood, switch over to Webull and buy while the price keeps dropping. Do. Not. Sell.
— 🍥 Kyle 🍥 (@jomsvikinggg) January 28, 2021
*I am not a financial expert
I’ve been thinking of switching to Webull and it looks like it’s time to finally do it. #boycottrobinhood pic.twitter.com/ydtOcWfl2m
— Jonatan (@jonatanpenafiel) January 28, 2021
Lawmakers have also criticized the move, with Reps. Alexandria Ocasio-Cortez (D-Ny.) and Rashida Tlaib (D-Mi.) calling for an investigation by the House Financial Services Committee. Notably, Sen. Ted Cruz (R-Tx.) has supported those calls.
This is beyond absurd. @FSCDems need to have a hearing on Robinhood's market manipulation. They're blocking the ability to trade to protect Wall St. hedge funds, stealing millions of dollars from their users to protect people who've used the stock market as a casino for decades. https://t.co/CGkJxVfzkv
— Rashida Tlaib (@RashidaTlaib) January 28, 2021
Fully agree. 👇 https://t.co/rW38zfLYGh
— Ted Cruz (@tedcruz) January 28, 2021
Shares of GameStop eventually closed at just under $200 on Thursday.
See what others are saying: (Newsweek) (Engadget) (CNBC)
U.S.
Conservatives Slam Elmo For Getting Vaccinated Against COVID-19
Published
3 days agoon
June 28, 2022
While critics accused the muppet of promoting propaganda, CDC data shows the shots are safe and effective.
Elmo Gets Vaccinated
Conservative politicians expressed outrage on Twitter after the beloved “Sesame Street” character Elmo revealed he got vaccinated against COVID-19 on Tuesday.
The Centers for Disease Control and Prevention recently cleared the way for children between the ages of six months and five years to get vaccinated against the virus. The famous red muppet is three years old, making him finally eligible for the jab.
In a video shared by “Sesame Street,” Elmo said that he felt “a little pinch, but it was okay.”
Elmo’s father, Louie, then addressed parents who might be apprehensive about vaccinating their own kids.
It's okay to have questions about COVID-19 vaccines for children! Elmo's dad Louie talked to their pediatrician, and learned that Elmo getting vaccinated is the best way to keep him and his whole neighborhood safe and healthy! #CaringForEachOther pic.twitter.com/aWkCfysJPE
— Sesame Street (@sesamestreet) June 28, 2022
“I had a lot of questions about Elmo getting the COVID vaccine,” he said to the camera. “Was it safe? Was it the right decision? I talked to our pediatrician so I could make the right choice.”
“I learned that Elmo getting vaccinated is the best way to keep himself, our friends, neighbors, and everyone else healthy and enjoying the things they love,” he continued.
Republicans Criticize “Sesame Street”
While some praised the video for raising awareness and addressing the concerns parents may have, Sen. Ted Cruz (R-Tx) quickly lambasted the effort.
Thanks, @sesamestreet for saying parents are allowed to have questions!
— Ted Cruz (@tedcruz) June 28, 2022
You then have @elmo aggressively advocate for vaccinating children UNDER 5.
But you cite ZERO scientific evidence for this. Learn more:https://t.co/Ss20TmFTSB https://t.co/tr67QyfRyC
“Thanks, Sesame Street for saying parents are allowed to have questions,” Cruz tweeted. “You then have Elmo aggressively advocate for vaccinating children UNDER 5. But you cite ZERO scientific evidence for this.”
Despite Cruz’s claim, the CDC has provided ample resources with information on vaccines for children.
He was not alone in criticizing the video. Harmeet Dhillon, a committeewoman of the Republican National Committee for California, suggested that Elmo would be taking puberty blockers next.
Next episode: Elmo takes puberty blockers! Yay! https://t.co/A4em0ZlC8d
— Harmeet K. Dhillon (@pnjaban) June 28, 2022
Other anti-vaxxers claimed Elmo would get myocarditis and accused “Sesame Street” of promoting propaganda.
M is for Myocarditis. https://t.co/2yGWljhv1L
— Lisa Boothe 🇺🇸 (@LisaMarieBoothe) June 28, 2022
They have Elmo pushing experimental emergency authorized mRNA drugs on infants and toddlers for a virus that is not remotely a material threat to them. Absolute monsters. https://t.co/P3hFsamSpJ
— Jason D. Meister 🇺🇸 (@jason_meister) June 28, 2022
COVID-19 vaccines have been proven to be both safe and effective against transmission of the virus, but this is not the first time conservatives have turned their anger against a friendly-looking muppet who opted to get the jab. When Big Bird got vaccinated in November, Cruz and other right-wing figures accused the show of brainwashing kids.
Big Bird’s choice to get vaccinated was not a shocker though, clips dating back to 1972 show him getting immunized against the measles.
See what others are saying: (CNN) (The Hill) (Market Watch)
U.S.
Uvalde Puts Police Chief on Leave, Tries to Kick Him Off City Council
Published
1 week agoon
June 23, 2022By
Chris Tolve
If Pete Arredondo fails to attend two more consecutive city council meetings, then he may be voted out of office.
Police Chief Faces Public Fury
Uvalde School District Police Chief Pete Arredondo was placed on administrative leave Wednesday following revelations that he and his officers did not engage the shooter at Robb Elementary for over an hour despite having adequate weaponry and protection.
Superintendent Hal Harrell, who made the announcement, did not specify whether the leave is paid or unpaid.
Harrell said in a statement that the school district would have waited for an investigation to conclude before making any personnel decisions, but chose to order the administrative leave because it is uncertain how long the investigation will take.
Lieutenant Mike Hernandez, the second in command at the police department, will assume Arredondo’s duties.
In an interview with The Texas Tribune earlier this month, Arredondo said he did not consider himself in charge during the shooting, but law enforcement records reviewed by the outlet indicate that he gave orders at the scene.
Department of Public Safety Director Steve McCraw told state senators on Tuesday that some officers wanted to enter the classrooms harboring the shooter but were stopped by their superiors.
He said officer Ruben Ruiz tried to move forward into the hallway after receiving a call from his wife Eva Mireles, a teacher inside one of the classrooms, telling him she had been shot and was bleeding to death.
Ruiz was detained, had his gun taken away, and was escorted off the scene, according to McCraw. Mireles later died of her wounds.
Calls for Arredondo to resign or be fired have persisted.
Emotions Erupt at City Council
Wednesday’s announcement came one day after the Uvalde City Council held a special meeting in which community members and relatives of victims voiced their anger and demanded accountability.
“Who are you protecting?” Asked Jasmine Cazares, sister of Jackie Cazares, a nine-year-old student who was shot. “Not my sister. The parents? No. You’re too busy putting them in handcuffs.”
Much of the anger was directed toward Arredondo, who was not present at the meeting but was elected to the city council on May 7, just over two weeks before the massacre.
“We are having to beg ya’ll to do something to get this man out of our faces,” said the grandmother of Amerie Jo Garza, a 10-year-old victim. “We can’t see that gunman. That gunman got off easy. We can’t take our frustrations out on that gunman. He’s dead. He’s gone. … Ya’ll need to put yourselves in our shoes, and don’t say that none of ya’ll have, because I guarantee you if any of ya’ll were in our shoes, ya’ll would have been pulling every string that ya’ll have to get this man off the council.”
One woman demanded the council refuse to grant Arredondo the leave of absence he had requested, pointing out that if he fails to attend three consecutive meetings the council can vote him out for abandoning his office.
“What you can do right now is not give him, if he requests it, a leave of absence,” she said. “Don’t give him an out. We don’t want him. We want him out.”
After hearing from the residents, the council voted unanimously not to approve the leave of absence.
On Tuesday, Uvalde’s mayor announced that Robb Elementary is set to be demolished, saying no students or teachers should have to return to it after what happened.
We make it a point to not include the names and pictures of those who may have been seeking attention or infamy and will not link out to websites that might contain such information.
U.S.
Texas Public Safety Director Says Police Response to Uvalde Shooting Was An “Abject Failure”
Published
1 week agoon
June 21, 2022By
Chris Tolve
New footage shows officers prepared to engage the shooter one hour before they entered the classroom.
Seventy-Seven Deadly Minutes
Nearly a month after the mass shooting in Uvalde, Texas that killed 19 children and two teachers, evidence has emerged indicating that police were prepared to engage the shooter within minutes of arriving, but chose to wait over an hour.
The shooting at Robb Elementary began at 11:33 a.m., and within three minutes 11 officers are believed to have entered the school, according to surveillance and body camera footage obtained by KVUE and the Austin American Statesman.
District Police Chief Pete Arredondo reportedly called a landline at the police department at 11:40 a.m. for help.
“It’s an emergency right now,” he said. “We have him in the room. He’s got an AR-15. He’s shot a lot… They need to be outside the building prepared because we don’t have firepower right now. It’s all pistols.”
At 11:52 a.m., however, the footage shows multiple officers inside the school armed with at least two rifles and one ballistic shield.
Law enforcement did not enter the adjoined classrooms to engage the shooter until almost an hour later, at 12:50 p.m. During that time, one officer’s daughter was inside the classrooms and another’s wife, a teacher, reportedly called him to say she was bleeding to death.
Thirty minutes before law enforcement entered the classrooms, the footage shows officers had four ballistic shields in the hallway.
Frustrated Cops Want to Go Inside
Some of the officers felt agitated because they were not allowed to enter the classrooms.
One special agent at the Texas Department of Public Safety arrived about 20 minutes after the shooting started, then immediately asked, “Are there still kids in the classrooms?”
“It is unknown at this time,” another officer replied.
“Ya’ll don’t know if there’s kids in there?” The agent shot back. “If there’s kids in there we need to go in there.”
“Whoever is in charge will determine that,” the other officer responded.
According to an earlier account by Arredondo, he and the other officers tried to open the doors to the classrooms, but found them both locked and waited for a master key to arrive. But surveillance footage suggests that they never tried to open the doors, which a top Texas official has confirmed were never actually locked.
One officer has told reporters that within minutes of the police response, there was a Halligan bar, which firefighters use to break down locked doors, on-site, but it was never used.
At a special State Senate committee hearing Monday, Texas Department of Public Safety Director Steve McCraw called the police response an “abject failure” and “antithetical to everything we’ve learned over the last two decades since the Columbine massacre.”
“The only thing stopping a hallway of dedicated officers from (entering rooms) 111 and 112 was the on-scene commander who decided to place the lives of officers before the lives of children,” he said. “The officers have weapons, the children had none.”
We make it a point to not include the names and pictures of those who may have been seeking attention or infamy and will not link out to websites that might contain such information.

Sen. Smith Leads Effort to “Protect Access to Abortion Care Where it is Still Legal”

Chris Pratt Denies Association With Hillsong Church: “I’ve Never Actually Been”

Mental Health Startup Cerebral May Have Harmed Hundreds of Patients, Leaked Documents Reveal

Conservatives Slam Elmo For Getting Vaccinated Against COVID-19

Israel Relaxes Abortion Restrictions in Response to U.S. Supreme Court Ruling

Supreme Court Rules High School Football Coach Can Pray on Field

Jodie Sweetin Releases Statement After Getting Pushed By Officers at Pro-Choice Protest: “This Will Not Deter Us”

Uvalde Puts Police Chief on Leave, Tries to Kick Him Off City Council

Instagram Testing New Tools To Verify Users Are Over 18

Rep. Schiff Urges DOJ to Investigate Trump for Election Crimes: “There’s Enough Evidence”

Dave Chappelle Decides Against Having Former High School’s Theater Named After Him

Mia Khalifa Shuts Down Death Rumors, Sparks Conversations About Plastic Surgery and Adult Film Industry

Ace Family’s Austin McBroom and Team Accused of Rape

YouTuber MrBeast Responds to Criticism of Massive Tree Planting Project

Netflix Apologizes and Changes Marketing Materials for “Cuties” After Backlash

Joe Rogan Denies Spotify Censorship Rumors, According to Alex Jones

Dixie D’Amelio Responds to Rumors That She Faked Seizures to Get Out of Class

Trisha Paytas Accused of Exploiting Transgender Community

Conservatives Slam Cardi B and Megan Thee Stallion Over “WAP” Lyrics

The Onision Controversy Explained

Influencer Coconut Kitty Accused of Editing Nude and Suggestive Photos To Make Herself Look Underage

Tweet Falsely Claims Bob Saget Was Accused of Abuse by Corey Feldman

Coward Ethan Klein Threatens Me, But I’m Not Backing Down Because I’m a Strong Boy, Amouranth & More

He Definitely Hunts People On a Private Island… Will Smith, Jeffree Star, Barry Loudermilk, & More

The Truth About Justin Bieber’s Facial Paralysis, Ryan Trahan $.01, Jan. 6 Hearings, & More

“ITS FAKE!” Conspiracy Theories Fly After Mass Arrest, Joe Rogan, John Cena, Google AI, Chris Murphy

Why The Internet is Pissed & Saying This is A Sad Day for Youtube. The Act Man v Youtube Explained

The MrBeast Scam Problem YouTube Can’t Fix, Epic Jet Ski Chase Caught on Video, & Gary…Oh Gary

GUESS WHO GOT CANCELLED! Washington Post Meltdown, Arizona Cops Watch Man Drown, Dave Chappelle, &

The Truth About Disney & Their Apology, Boris Johnson, Katie Porter Speaks Out, & More

Amber Heard Defenders Point Fingers At The Jury, Harry Styles, Michael Avenatti, Bailey Sarian, &

Johnny Depp Wins Defamation Case! Amber Heard Ordered to Pay Him $10 Million! Verdict, Reactions, &

WHO LEAKED IT?! Bo Burnham, Joe Rogan, Austin Fights Back, New Gun Ban, & More News

Columnist Apologizes Over Article Seemingly Intended to Out Rebel Wilson: “I Have Learnt Some New and Difficult Lessons”

Arizona Cops Watch as Homeless Man Drowns in Lake, Pleads for Help

Rep. Katie Porter Accuses GOP of Trying to “Weaponize” Gas Prices to “Win the Election”

Lizzo Changes Lyrics To Song After Backlash Over Ableist Word

Amber Heard’s Attorney Says There Are “Excellent Grounds” to Appeal Jury Decision

Ohio Governor Signs Bill Allowing Teachers to Carry Guns With 24 Hours of Training

Ryanair Draws Outrage, Accusations of Racism After Making South Africans Take Test in Afrikaans

Texas Public Safety Director Says Police Response to Uvalde Shooting Was An “Abject Failure”

Chris Evans Says People Upset With Same-Gender “Lightyear” Kiss Are “Idiots”

Family Of Author Whose Article Inspired “Top Gun” Hits Paramount With Copyright Lawsuit

Mental Health Startup Cerebral May Have Harmed Hundreds of Patients, Leaked Documents Reveal

Sen. Smith Leads Effort to “Protect Access to Abortion Care Where it is Still Legal”

Chris Pratt Denies Association With Hillsong Church: “I’ve Never Actually Been”

Mental Health Startup Cerebral May Have Harmed Hundreds of Patients, Leaked Documents Reveal

Conservatives Slam Elmo For Getting Vaccinated Against COVID-19

Israel Relaxes Abortion Restrictions in Response to U.S. Supreme Court Ruling

Supreme Court Rules High School Football Coach Can Pray on Field

Jodie Sweetin Releases Statement After Getting Pushed By Officers at Pro-Choice Protest: “This Will Not Deter Us”

Uvalde Puts Police Chief on Leave, Tries to Kick Him Off City Council

Instagram Testing New Tools To Verify Users Are Over 18

Rep. Schiff Urges DOJ to Investigate Trump for Election Crimes: “There’s Enough Evidence”

Dave Chappelle Decides Against Having Former High School’s Theater Named After Him

Coward Ethan Klein Threatens Me, But I’m Not Backing Down Because I’m a Strong Boy, Amouranth & More

He Definitely Hunts People On a Private Island… Will Smith, Jeffree Star, Barry Loudermilk, & More

The Truth About Justin Bieber’s Facial Paralysis, Ryan Trahan $.01, Jan. 6 Hearings, & More

“ITS FAKE!” Conspiracy Theories Fly After Mass Arrest, Joe Rogan, John Cena, Google AI, Chris Murphy

Why The Internet is Pissed & Saying This is A Sad Day for Youtube. The Act Man v Youtube Explained

The MrBeast Scam Problem YouTube Can’t Fix, Epic Jet Ski Chase Caught on Video, & Gary…Oh Gary

GUESS WHO GOT CANCELLED! Washington Post Meltdown, Arizona Cops Watch Man Drown, Dave Chappelle, &

The Truth About Disney & Their Apology, Boris Johnson, Katie Porter Speaks Out, & More

Amber Heard Defenders Point Fingers At The Jury, Harry Styles, Michael Avenatti, Bailey Sarian, &

Johnny Depp Wins Defamation Case! Amber Heard Ordered to Pay Him $10 Million! Verdict, Reactions, &
