Tag: Robinhood

Robinhood Accounts Looted and No Customer Service to Call

By iwano@_84

Accounts Looted, Customers Watched Helplessly

Have a problem at Robinhood? Well, that’s too damn bad. 

Robinhood might take 3 weeks to get back to you, even in cases of fraud in progress. 

Please consider No One at Robinhood to Call

It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she received a frustrating email.

The firm wrote it would investigate and respond within “a few weeks.” Now her money is gone.

Pruthvi Rao, a Chicago software engineer, said his account was hit on Oct. 6. His bet on Netflix Inc. was liquidated and $2,850 was soon withdrawn. He said he’s sent more than a dozen emails to Robinhood’s customer support address, and that he even tried

Read More

3 Popular Robinhood Stocks That May Go Bankrupt

By iwano@_84

A wild year of volatility for equities has brought investors of all sorts out of the woodwork. Although the ferocity of the first-quarter decline was a bit unnerving for all, it provided one heck of an opportunity for long-term investors to put their money to work in high-quality businesses.

The same can’t be said for short-term traders, or those chasing whatever happens to be this week’s or month’s hot stock on Wall Street. A quick glance at the investment activity by members of online investing app Robinhood confirms that some awful companies are being purchased.

Robinhood has been particularly successful at courting young and/or novice investors; the average age of its members is 31. Don’t get me wrong — it’s fantastic to see young people starting early and putting their money to work in the stock market. However, Robinhood is failing to provide the tools or education necessary for these

Read More

These 2 Robinhood Stocks Are Down Around 15% This Month: Should You Buy the Dip?

By iwano@_84

There’s often a lot of hype surrounding Robinhood stocks, and sometimes that can help carry share prices to astronomical heights. But that isn’t happening of late with two of the platform’s more popular holdings, Facebook (NASDAQ:FB) and Tilray (NASDAQ:TLRY).

Since the start of September, both stocks are down by about 15% and doing much worse than the S&P 500, which has declined by just 7% during the same period. But are these top Robinhood stocks in trouble, or is now the time to scoop up these deals before their share prices rally? Let’s take a closer look at the businesses and find out.

1. Tilray

Tilray’s stock is down 26% in September, and yet the company hasn’t released any news since it reported its second-quarter results on Aug. 10. One of the problems with investing in pot stocks is that industrywide problems or concerns can often send stocks

Read More