January 27, 2022

I told you so! WallStreetBets Rejoiced As Robinhood’s IPO Tanked

As the company’s stock flounders, online retail traders, rejoice and exchange memes in celebration.


Robinhood’s stock price plummeted at the opening, making many Redditors from WallStreetBets excited about using the platform to trade meme stocks. Approximately an hour before the market close on Thursday, a visitor to the subreddit u/dancinadventures conducted a robinhood due diligence-an in-depth analysis of whether a potential investment was worthwhile-and finally advocated reducing robinhood.

The main comment is a good summary of the subreddit’s overall reaction to Robinhood’s IPO: “Don’t buy, don’t sell. Watch them burn 🔥🔥🔥 »Robinhood Since then, the stock has rebounded and slightly since its listing Rebound. Despite this, editors expect share to collapse. The most popular subject on Robinhood is a photo of CNBC co-founders Vladimir Tenev and Baiju Bhatt debuting their shares on the day of listing. Interface’, young Bulgarian. “At the same time. Tenev, also CEO of Robinhood, was born in Bulgaria.

Many other comments expressed the same anger (and joy) about the closure of Robinhood stock before its debut: “I am waiting for this day to close my account .RH,” one user said before starting to discuss why other brokerage platforms are better than Robinhood .”I want to thank the founder for introducing Fidelity to me,” another user added. Of course, all of this is related to a huge controversy that broke out earlier this year, when Gamestop Robinhood stopped Gamestop and other popular versions at a brief press conference.

Memes that force retailers to reposition themselves to hedge funds (and their own opportunities to make money) billions of dollars higher than before. Some investors and customers, as well as those who think it is a completely overpriced software company, hate this company for the same reason: its process order business model.

However, this did not stop some scattered people from defending the company. Stocks that fell on the first day after the initial public offering indicated the success of the initial public offering. The company made as much money as possible from the placement, so investors now don’t believe it’s worth it,” u/Trollslayer0104 said in one of the few positive reviews of the company: “A type that is generally regarded as a success The price increase on the first day of the alternative indicates that the company has no money.

“As another user pointed out, if you are a subscriber, this is correct; however, most people want to make as much money as possible from the company’s stock.” Instead of the opposite, they do it by owning Stocks or options to buy stocks at a fraction of the current stock price make a lot of money

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