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by jb775 1969 days ago
FYI by your own logic, you have no right to be upset about the RobinHood GME situation. Per your own logic, RobinHood is a private company, and they can do whatever they want...If you don't like it, you can build your own RobinHood!
1 comments

RH is subject to a ton of federal regulations that social media isn’t. They legally cannot cut off one set off investors in order to enrich another. It’s a felony. We are not discussing free speech here.
It is kinda funny how the Constitutionally protected right doesn't have laws ensuring fair treatment, but stock trading does. Why should they have to allow for equal access to investors? Sure, the law currently requires it, but if we made a law saying First Amendment now applies to all private businesses people would be fine with it because it is now the law? I think not. So, given they are a private company, shouldn't they be free to do business with who they want and how they want?

As for the penalty of breaking the law, if it is enforced it will likely still have been the cheaper option for those who made the call.