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> They could face lawsuits from investors in Melvin and other hedge funds

Wait until Robinhood sees the class action lawsuit



Class action lawsuits never tend to work out that well for the little guy. Lawyers get rich and the Goliath pays essentially a fine.


Class action lawsuits are about people punishing companies because the government won't levy a harsh enough penalty. I never took part in a class action because I wanted "a payday," I take part in them because I want the company punished.


Shouldn't they have an arbitration clause in there somewhere? Maybe that would open them to a Thousand Papercut bleeding when everyone activate the arbitration clause at once.


Wouldn’t forced arbitration in the TOS prevent that?




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