The SMCI Robinhood Glitch That Cost Millions

A system glitch allowed robinhood customers to improperly short a meme stock in december that ultimately cost the company $57 million. In its report, the firm accused supermicro of accounting malpractice, reminding investors of the $17. 5 million penalty the company paid in a 2020 settlement to the sec over. Dubbed the infinite money cheat code by users of reddit inc. s wallstreetbets forum, the bug is being exploited, according to users on the forum. One trader bragged about. Blind folks, anyone knows what is happening to smci on robinhood ?

A system glitch allowed robinhood customers to. Its unresolved accounting issues could cause it to be delisted. Dont buy this stock until it resolves its most. Analysts from barclays and goldman sachs have sharply reduced price targets for smci, citing financial instability and governance challenges. With its independent auditors.