Sneed retweeted
🚨 @RobinhoodApp is still robbing its customers by selling them fake securities with no real underlying ownership.
This follows a familiar pattern. In January 2021 during the GameStop short squeeze Robinhood restricted the buy button on $GME and other heavily traded stocks. Customers could sell but could not buy a decision that triggered massive backlash, lawsuits and congressional hearings. The platform was actively protecting institutional short sellers at the expense of its own retail users. 🛒⛔
Five years later, the same company is marketing “Stock Tokens.” These are tokenized debt instruments issued by an offshore Jersey entity. They give economic exposure to names like NVIDIA, Apple, Google and QQQ but they confer no legal or beneficial rights in those companies. They are not registered U.S. securities. 🔗
Robinhood itself flagged the core problem in its June 2026 10-Q: a major risk is that customers will misunderstand that the tokens “do not represent actual securities.” That’s not a minor disclaimer. 👀
That’s the company admitting it is selling something that looks like stocks while knowing many buyers will treat it as if they actually own the shares. 🤥
Customers get a synthetic wrapper. Robinhood keeps the real assets, the fees, and the plausible deniability. The risk of confusion is treated as the customer’s problem just as the restricted buy button was treated as an operational necessity in 2021. 🤡
