The Plot Thickens For Robinhood

Would you rather have something you don’t want or want something you can’t have? If you are a Robinhood user, you may have found yourself in both of these positions at the end of January 2021.

If you’re not a Robinhood user, you might be wondering exactly what went down. According to a post at Seeking Alpha, here’s what happened:

Thursday, January 28: Robinhood limited trading in a batch of stocks in the Reddit crosshairs where investors couldn’t add to positions. Also closed out some at-risk positions because of “unprecedented volatility.”

Friday, January 29: Robinhood raised $1B from investors and tapped another $500M overnight. Reopened limited trading in the stocks, which led to after-hours gains in those issues.

Robinhood waited until Friday to let users know the limits of no fractional trading and maximum amounts causing increased complaints. They also quickly restricted margin trading in crypto after a surge in Bitcoin was sparked by Elon Musk.

On those days, if you use Robinhood, you may have had some stock you didn’t want and couldn’t sell. Or you might have wanted to buy some stock you couldn’t have, because it was blocked or limited.

Complaints, Protests And Lawsuits

Detailing the complaints, protests and at least one lawsuit against Robinhood, ZeroHedge wrote, “Robinhood users, many of them restricted in their ability to trade today, took to the streets with anger in several locations to protest the discount brokerage, hedge funds, and elites.”

Chants of “Robinhood has got to go,” and “We want a free market,” were heard near the New York Stock Exchange. 

“Robincrook,” “Tax The Rich,” “Robinhood Lied,” were some signs held by protestors. 

With claims of Robinhood being the “Biggest Fraud,” the plot thickens! 

Related: How Someone Lost $1 Million on Robinhood

Has The Robinhood Exodus Begun?

Tyler Durden wrote an article with this title echoing all the rage felt by Robinhood users. He says, “the evidence is mounting of a possible mass exodus.” Customers aren’t happy!

“Google spent late last week removing nearly 100,000 negative reviews from the Robinhood app in the Google Play Store.”

Many shared their unhappiness with tweets and petitions. A petition wants to remove Robinhood from the App store. Last check, it was well on its way to 50,000 signatures.

These tweets from investor Ross Gerber seem like alerts or  warnings. He said, “So if Robinhood goes under, the SEC will freeze all the accounts. The SIPC protects up to $500k in accounts. It takes months to unwind and get your money back. Move the money now. This could become a nightmare.”

Question The Sanity

With the ongoing threats and problems for the popular trading app, Durden wrote, “one questions the sanity of people who would stay with the firm after today’s betrayal knowing they are reportedly facing liquidity issues.”

See related: Robinhood’s Hurricane of Trader Complaints

It makes you wonder if it’s like a bad relationship from which they can’t break free. 

Do Robinhood users really feel they’ve found the best mobile stock app? Is there a sense of loyalty to this pseudo robo investment advisor? Are their investments being held hostage by an online share trading app? 

No matter what their reasons, Durden spoke the truth when he said, “Something bad is about to go down at Robinhood…”

Protect Your Wealth

Want to avoid the uncertainty? Keep your sanity and your investment? iFlip offers A.I. SmartFolios. The smartest way to invest in your future. Using machine learning back-end technology, the best algorithmic trading software manages your stock investments.

You won’t have to worry about human emotion, error or some robo investment advisor  depleting your investment or retirement account. iFlip’s A.I. SmartFolios offer smarter protection. iFlip values the safety, preservation and growth of your investment. 

See: iFlip Crash Protection Analysis

Click over to iFlip. Check out all the quality A.I. SmartFolios available. See how easy it is to get started with your personal retirement planning and investing. 

Like this article?

The Case For Cash

The Case for Cash   Many people associated investment accounts with being “invested’. After all,...

kelly sikkema zcAgxLryKe4 unsplash

Bear Territory

Dear Flip users  Sadly my accurate prognosticating has continued to be reinforced by the markets....

Leave a Reply

Your email address will not be published.

You were referred by

Zero-dollar ($0) commissions are available for self-directed Individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices and via web interface. To obtain the commission and fee schedule, please see our website at Note that certain Flip Investor Inc. Product features listed are currently in development and will be available in the near future. System execution price, speed, response time, liquidity, market information, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Some of the information provided show hypothetical results which may or may not represent live performance. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns.  Keep in mind that while diversification and the use of algorithms may help manage risk it does not assure a profit, or protect completely against losses, in a down market. There is always the potential of losing money when you invest in securities, or other financial products.  Investors should consider their investment objectives and risks carefully prior to investing.

Past performance is not indicative of future performance. iFlip data results assembled using various Flip algorithms applied to the equities listed on this webpage (if any). Results compiled for each equity and each algorithm assume a 10,000 initial investment beginning on Jan 1st 2005. All iFlip price assumptions are based on the opening price of each day as found in Yahoo finance. Yearly NAV data points compiled by compounding annual returns using standard year over year accounting. S&P500 results are derived using the SPY as a proxy. The data on this webpage is not intended as a solicitation. Always seek professional advice for suitability.

iFlip Ultimate

iFlip Ultimate is a concierge service product designed for high net worth client or institutions ($1m+ Net Worth). It as not been released yet

Download our new FREE mobile app!

Floating Mobile App
Free AI Circle 6

Upgrade Plan

Free AI Circle 6

Upgrade Plan

Breakout Coming Soon!

Get notified when it's available.

iFlip Spinner


Successfully on waitlist. You will be notified as soon as the breakouts are available.

A.I. Smart Folios Automated Stock Trading

Download our app mobile app to create a free trading account.

Certified Partner Signup

Doug Adams copy

Doug Adams - COO

Doug Adams has more than 30 years of experience as an executive in the IT industry. He has demonstrated success helping companies grow profitably with high degrees of customer satisfaction. 

He has a passion for developing talent and building high performing teams. Most recently as a Senior VP at FusionStorm, he helped grow the company from $440mm to over $1bb in sales and improve profitability 1500% (15x) over 7 years. Prior to that he was at Oracle for 14 years where he served as a Vice President in their North America Consulting Division. 

He had responsibility for a variety of software and technology practices with a team of over 400 consultants. He has also held leadership positions at IBM and Andersen Consulting (Accenture), and holds a BS degree from Cal Poly, San Luis Obispo in Industrial Engineering.

Ed Sweeney

Ed Sweeny - Board Member

Ed Sweeney is a partner and a founder of RCM Alternatives. Previously, he was a Managing Director of Trading at TD Options, LLC, a subsidiary of TD Securities until 2006. 

He is also a founder of Starboard Specialty Funds, LLC. which is an active fund specializing in private and publicly traded bank equities.
He was also a co-founder of a trading technology firm, Ragnarok Systems, and also worked for O’Connor & Associates and at Swiss Bank Corporation as a director of fixed income trading.
Mr. Sweeney graduated with an M.S. and B.S. in Mechanical Engineering from MIT, has a J.D. from John Marshall Law School and holds a Series 7, 24 and 63 licenses.

Karla Dennis

Karla Dennis - Board Member

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds. 

She has been featured in various media outlets such as, KTLA, Forbes, MSNBC, Yahoo! Finance, and SmartMoney marking her the ultimate tax and business expert.

Thomas Shippee Bio

Thomas Shippee - Consulting Board Member

Thomas P. Shippee is a financial services investor and industry expert. His early years he earned a Bachelor’s degree in Economics at Bates College and an MBA at Pepperdine University.   

For the last 35 years he has served in various positions including CEO of Wells Fargo Financial whereupon he oversaw all US and Canadian consumer and commercial business finance operations from Des Moines, IA.  He currently spends his efforts in the consumer financial services industry counseling and working for small privately held businesses.  

David Bay Bio

David Bay - Consulting Board Member

David is a Kentucky native graduating with a degree in Music Education at University of Kentucky and a Masters degree in Education from Xavier University. His early years were spent excelling as band director leading his group to breaking records, honors and 3 straight years of placing in state wide competitions. 

In 1988 David started a new life of entrepreneurship. Since then his natural ability to lead and passion for growing people has stretched him to employ over a hundred employees and operating several businesses over several industries including real estate, heating oil, farm gas, commercial lubricant, consulting, skilled nursing care, convenience store and restaurant business.  

Marc C

Marc Chesley - Consulting Board Member

Marc Chesley is a software industry pioneer with a passion for growing people and companies. He is a recognized innovator and operational leader. As former CTO at Infusionsoft, Marc helped grow the company from startup to over $100mm in revenue. He has led as CEO and President of many fast-growth software companies. 

Marc was recognized as Arizona CIO of the Year by the Phoenix Business Journal and the Arizona Technology Council.  The Society for Information Management awarded him Arizona IT Leader of the Year. He currently works as the COO at Paradox (fast-growing software firm) managing product teams, engineering teams, business development teams and serving as general counsel.


Kelly Korshak - CTO

Kelly attended Stanford and subsequently the University of Chicago and has a graduate degree in mathematics.  He spent 25+ years on Wall Street, investing over $4 Billion assets for institutional banks and funds including Deutsche Bank, Morgan Stanley, Diamondback Capital, Brevan Howard and Tudor Group. 

His strategy to investing is built around the approach that Artificial Intelligence (A.I.) and machine learning algorithms produce superior risk / reward in the stock market.  This A.I. approach led him to retire from Wall Street with his family in Arizona to start up his own company “Flip Investor”.  

His dream is to empower all individuals to grow their wealth through the power of A.I. SmartFolio technology.

Randy Tate

Randy Tate - CEO

Randy spent his earlier years as a successful collegiate athlete and then self-made entrepreneur.  He grew an athletic apparel company to over $5M+ in revenue, then sold it to a publicly traded sporting conglomerate, Sports Chalet. 

For the last 10+ years he has trained thousands of employees and business owners on how to market effectively, grow sales and build sustainable growth in their companies.

His passion for technology led him to one of the fastest growing software companies called Infusionsoft, which peaked with over 150,000 software users.  As the VP of Business Training for customers, he developed and oversaw the expansion of the Elite Business Education curriculum program.

Since then he has led as the co-founder and CEO of iFlip, SAAS Financial Technology Company.  His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology.