Topic: Elon Musk goes against Vlad of Robinhood full discussion on GME/AMC stonks (Read 385 times)

It has been pretty even since the last I posted here on the thread.
Checked the price last night and it has been hovering above the $189 mark which nobody really thought it would keep it's head above water for this long.
Now with the news just yesterday of them appointing Amazon.com Inc executive Elliott Wilke as chief growth officer at Gamestop we will see if the greatest cinderella story of the stonks market can really happen.

https://financialpost.com/pmn/business-pmn/gamestop-names-amazon-executive-as-chief-growth-officer

Never have I seen such a PR disaster from any company...

Robinhood literally went from the trading platform for the people to public enemy #1... All in one night.

It is interesting to see GME climbing back up now and whether the reaction from Robinhood and other trading platforms will be the same as the first wave of pumps. I would think that they would at least tone it down a bit, given the fact that they're planning on IPOing in a few months time. Not the best time to create chaos and become the scapegoat behind it all.

GME and AMC continue to rally today.

With how speculative these stocks are, I'm surprised people are still playing the dangerous game of trying to hold it and hoping for another rise, but alas they got it. GME and AMC are both up, with GME peaking today at the 300's.

Friendly reminder though - when the stock comes crashing down, there is always someone left holding the bag. And that person holding the bag will lose a lot of money. Trade with caution.

Like who?
You mean someone like John McAfee?
https://www.theverge.com/2021/3/5/22315494/john-mcafee-fraud-securities-scheme-charges-cryptocurrency

He was just charged with committing fraud from his dealings with those ICOs of several different altcoins.
So I guess he will be dining on O'de cock tonight.

I have never found funny or even successful honestly, I am 100% sure if given the same amount of money some other people who were actually interested in this would have been better at it, hell even if you gave it to MIT and told them to build something like this with their graduates and current students, they would have been successful like this at the very least, probably even better.

I also think him impacting the price of bitcoin with one tweet is not awesome but scary, if he decides that he doesn't like bitcoin anymore, what then? Will he write a tweet saying "bitcoin is the worst" or something like that with a meme attach to it and then cause the price of bitcoin to crash? Someone who can pump the price could certainly cause it to be dumped as well, why wouldn't he be capable of it? So at the end of the day, he is not someone I like and want to be in connection with crypto neither.

Robinhood and other financial brokers utilize limited $0 commissions on buy and sell trades. $0 commissions may have been invented by south korean cryptocurrency exchanges around 2017, who were briefly criticized for no commission fees. (Said south korean exchanges rolling out $0 commissions may also have been correlated with bitcoin's ATH in that year.) Due to a potential of clients making multiple accounts and buying / selling assets to themselves to manipulate prices without penalty.

This is an area I haven't paid much attention to and afaik there hasn't been independent or reliable commentary made on the topic. Elon Musk could be entirely correct that finance brokers like robinhood are much more unreliable and shady than they used to be.

Except Elon wants to go to Mars, not the moon. But To Mars doesn't have nearly the same ring to it as To the moon.



That's just trolling and being manipulative. Not exactly admirable qualities. I used to really like Elon until it became clear how unstable and immature he is.  Promoting Covid conspiracy theories because he's mad about lockdowns, threatening workers over complaining about unsafe working conditions, calling a journalist a pedo on Twitter, tweeting materially false information about Tesla... I mean the dude is smart but also unhinged.

Vlad the ceo of Robinhood did recently do another interview where he was questioned of these pending lawsuits put upon his company for the event which triggered so many to be locked out of trading on gamestop stock.
He wasn't as lively as he was during his with elon on that day, let me say that.
Quite sobering to be honest. It was with bankless so you can view it for yourself.

Elon musk did have a failure to launch (or should I say land) a month ago so he isn't perfect by many who have put him out to be.
As he even trolls himself and his companies many of times in the past.

https://www.youtube.com/watch?v=khUYNDoMpXM


Doesn't anyone else find it kind of funny he pumped up the price of bitcoin with just one tweet of Tesla buying 1.5bln worth of BTC and his other hobby of a job is running a rocket company?
To the moon!

There have already been lawsuits filed but they don't seem very likely to be successful given that the TOS every Robinhood user agrees to states that they understand that Robinhood can restrict trading in any security without prior notice. I mean, they have no legal foot to stand on. The best they can do is hope to drag out litigation to force Robinhood to settle because it would be cheaper than going through an entire court case, but on the merits, it doesn't look like RH customers have a case.

U/deepfuckingvalue is just Vlad, the Robbinhood ceo in a bandana. True story. Look it up...

I like Elon. He's smart and likes to tweet things with ambiguous meaning and people love it because they feel smarter when they find they knew what he really meant and did what he wanted. It's like this kind of unspoken gratitude from the author.

Isn't that what they all do?
Take a look at Christiano Ronaldo, Megan Fox, Kate Beckinsale, Tom Cruise, and many other celebrities. They were all looking pretty normal before they become rich and famous, and then teeth got straighter and whiter, haircuts got better, skin got more tanned...

Hey, if I had money, I'd probably look a lot better too. Better clothes, better styles, better eyes. Baldness maybe I can live with heh, but definitely would laser my bad eyesight away. I can see my own headline: Guy sells Bitcoin to get good eyes.


Of course. That's kind of the whole point of them putting out their opinions out there, like we do on the forum. To get a response. Not bitter about it, don't worry (and if I were, too bad). Just having a bit of fun meself, man.

He was invited to this voicechat app called clubhouse, as it is an invite only chatroom kind of like a podcast. Just for celebs only I believe.
And people do want to hear what he has to say even if they don't like him in any sort of manner.
Whether it be out of spite, jealously or just pure hatred. Or it can be simply a combination of all three of those options.
Who knows, everybody is entitled to their own opinion. Am I right?

But the sole thing I would imagine which draws attention to this individual is how much money they have accumulated in a short time.
As he has surpassed Jeff Bezos just a few weeks ago as the wealthiest man on the planet.
And soon on Mars if his little side project/and or hobby is successful enough and can land those rockets without exploding.

Everyone is entitled to have an opinion, and that does not exempt celebrities or any of that kind. They will always have an opinion and even if they have ulterior motives we can't be bitter about it, and there is a divide in wealth no matter what happens, they are still going to be more privileged than us simple plebs. If what you are saying that not everyone does not want to hear him is true then why did he go for an interview the first place.

Had to snip that photo (I don't if it was way to obig when resized or what ) cause he did look kind of creepy than he does now without hair.
He was going to grow up to be a look-a-like to bezos if his tesla/space-x empire was a failure.
Cause it does seem his hair-line did reverse recede some how with the amount of money he has made since being the CEO at paypal some 25 years ago.
He could pass for a Seth McFarlaine because they look more similar to him now from what others were saying on a stream I was watching earlier about this clubhouse interview.

What do you expect? Buyers have moved on to another platform while sellers are trying to get out as fast as they can after what Robinhood did. I would have sold too at the very first second of reopening.

I really can't believe that we have a war of billionaires and that makes me a bit happy. For the first time ever in the class war (probably in history probably) the richest man on earth is fighting with the poor people against the other rich people and that is valuable. Even though I do not like Elon himself and I think he is full of it, I still think it is valuable to have him on our side, that allows us to be doing a lot better thanks to him tweeting bad things about these people.

We have also shown the world that if we get together and become a big community we could beat any rich group we want because when we get together as a whole we are a lot stronger than any company can be, even if we are talking about the biggest companies in the world, the biggest organization of people getting together could beat them and that is a very important realization.

Not a big fan of Musk or any celebrity really. I think, his wealth and fame elevates some opinions about how smart and cool he is. But calling someone Vlad the Impaler still isn't as appropriate as calling someone who actually saved lives "pedo guy". But hey, he's rich. He gets to call people out =p

Also, not everyone probably wants to hear what most people wanted him to say. Let the super rally be delayed another year, please;)

All restrictions lifted guys..

I found the interesting part when Robinhood's CEO right at the beginning basically mocked every investor on his platform and even to Musk when he stated all these assets were "Meme stocks".
Like WTF?!

What a complete a**shole in the highest degree to say this and right at the very beginning of the interview after which had happened towards all they customers.
You hear that?
That is everybody deleting the app from their devices.

I could not care less. Trust me that better alternatives would be build from scratch in t0! This is the concept of the too big to fail, right? Let it fail as failed business need to die and avoid to rot and, in this case, rob and defraud their clients. So let Robinhood die as what happened under the hood is really sick.

Honestly what happened at Robinhood is unacceptable and should have legal concesquences. Blocking stocks from being traded or even searched in their App is outrageous. All they are trying to do is protect their hedge fund customers. And now the Gamestop price crashed hard they Hedge Funds made even a good profit after all. I wish the politcians would not be one sided in this matter and actually do something against the 1% elite.

Elon really sticks his nose out for his meme community, since it's also the reason why his words are like the bible on all of twitter. With memes and the community aside, what Robinhood did to those retail investors are pretty harsh, and seeing that the shorts hasn't stopped and the hedge fund involved in the short squeeze still going on after Robinhood stopped opening active positions isn't just coincidental--they are brothers-in-arms. They can call it "barring illegal activity" all they like, or all the bullshits they said to justify the trades being halted but it's just not right. Elon voicing out his opinion on this issue, together with a multitude of renowned investors, is enough to get people's eyes regarding the wealthy man's privilege against the retail investors trying to make a quick buck.

But even without all the GME drama and Robinhood's fail, Elon's words seem to be very sacred to his community, that people will go lengths--above and beyond--just to justify and/or follow what the billionaire memer has to say on his sacred temple, Twitter.

I do have to agree with that one but millions of users will be displaced as Robinhood is the most used stock application, I think what needs to happen is for the management behind Robinhood should change and that they should be replaced with people that do not bow down to anything the rich people will try to make them. Hopefully, there is another application that will rise up and become the friend of the public. And we have to understand that the people in the administration of Robinhood have their hands tied because if my memory serves me right, the application is owned by a company.

interesting part is where Vlad says that there was no pressure on them, and they decided to stop BUY on GME to reduce risk, as their own decision, and they could also stop SELL button, so GME could go up, instead of down, but they did not decided that, because they thought customers want like it
must be joking, they obviously thought that stopping BUY button will be favorable by users

Thing is he asked the questions almost no journalists had the guts to ask dear Vlad. In my opinion, Robinhood should be dead and buried by now and the filthy little tricks they used to survive should make any robinhood users mad! If I was one, and luckily I am not, I would start a f****** class action!

Elon knows how to sway the hearts of the masses, especially on Twitter, with him having a cult following of nerds that accepts as the word of God every thing that he says, it is fairly easy to do that, now imagine if you are a nobody that talks back against a big personality like the guy from Robinhood, you wouldn't be heard or worse, you would be shunned. This is just the basics of public relations and Musk is winning the hearts because he lowers himself for the people to reach him, there isn't a lot of billionaires that accepts guesting in podcasts, be on a cameo on a cartoon show and be a meme lord on Twitter.

Yes agreed on both points you have made about Elon the twitter wizard.
Once he decides to go dark you know he is up to something because he likes to give his opinion and comment on everything.
It is his addiction of the attention twitter and social media gives to him as a platform to portray his view on certain subjects. Such as on particular cryptocurrenies and bitcoin.
Those tweets do have some sort of cryptic under lying meanings if you're reading it as some type of code.

What you say is very representative of us in the current state, the game continues with great seriousness, even though the player has another purpose. we as the audience can only see from the point of view of small crypto owners who expect their humility to return our lost portfolio after yesterday's bubble.

Listening to the interview right now--I'm always a little slow on the uptake of news like this, but I'm starting to get a good idea of what happened with Robinhood and Gamestop stock and Elon Musk's stance on bitcoin.

Dunno.  I don't really care one way or another what anyone thinks about bitcoin, no matter how influential they are.  I respect Warren Buffett more than Musk, but Buffett's bashing of BTC doesn't affect my own opinion--nor did it diminish anyone's interest in it, apparently.

Screw Robinhood, by the way.  I get that they're regulated, but they offer some seriously shitty customer service.

Disputes between shareholders and crypto holders cannot just be avoided, Elon knows what he has to do, a few hours ago he tweeted as if he was preparing something to silence Robinhood.

and every time he tweets, it's as if he has a code for his followers

Yes, I noticed that too. He doesn't seem to want to be taken for a fool by Vlad right from the start like he had been treating all his customers on Robinhood for the GME stopping trading by requests of those hedge fund marketeers.
Also not known but the lady from the white house(her name has slipped my mind but it was on another youtube video, I will find it later and post it on here) who was in favor of the hedge fund received millions back.
Here are some more fallout from these hedge fund managers and how reddit is the focus from these stonk detractors.
Sort of getting interesting as it shows just how the stock market is comparative to the alt coin market has operated since it's inception.

https://www.forbes.com/sites/palashghosh/2021/01/27/gamestop-citron-says-white-house-should-stay-out-of-the-reddit-fueled-stock-frenzy/?sh=2e5918c63fe2
https://markets.businessinsider.com/news/stocks/steve-cohen-ken-griffin-invest-3-billion-gamestop-short-seller-2021-1-1030003305

I was simply amazed about how easy was for Elon Musk to never allow any of the fake talk of the Robinhood CEO to go unnoticed. At the start of the conversation he began explaining and pitching Robinhood App! Nobody asked! 
The poor guy reminded me Mark Zuckerberg early versions were he was not even able to relate with his interviewers. Elon, on the other hand, is totally from another planet.

After last week's interview with Elon Musk confronting Robinhood owner Vlad Tenev over freezing stocks on clubhouse it caused alot of distain for the financial platform among stock holders who were using it to even have holdings in cryptocurrenies such as Doge.
The interview was even more controversial with Elon saying he supported Bitcoin with the recent adding of the hashtag BTC on his official twitter account. But it did not rise the price of bitcoin as most would of hoped but coincidentally caused it to fall after almost immediately during and after the conference call on clubhouse. There are numerous charts from different youtube influencer channels showing this while they were liverstreaming so there is no denying what the tesla owner has to say does not "move the markets" as he had put it at the very beginning of this hour and half session.
Here the interview which best described what happened on this day last Thursday right after the gamestop debacle on Robinhood where they screwed over their customerbase:
https://www.youtube.com/watch?v=8-tqDt_TKtI

Here is the full version of the initial interview done last week which the above post interview was about (1hr 35mins ):
https://www.youtube.com/watch?v=Cba53J1jyPM



What are your thoughts about Elon's stance on not officially saying what everyone in the cryptospace wanted to hear?
Essentially stating he would put in his tesla made money into purchasing a spaceship load of bitcoin.
Also your reaction on the post interview he did yesterday with whom he called Vlad the impaler of stocks.