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| Topic | The CEO of Robinhood looks like Kylo Ren |
| Frolex 01/30/21 8:25:21 AM #32: | crayola555 posted... The guy didn't mention once about putting collateral or any of that stuff when he was being grilled by Cuomo. You would think if he's not involved in some shady doing and got called to TV to explain to the world, he would at least explain a bit on what's going on behind the scenes and the reasoning for their decisions. But nope, just a generic "we're doing this to protect our users" which is obvious bullshit. He didn't even have a single response/rebuttal to all the stuff Cuomo threw at him. You don't have to take my word for it if you don't want to https://www.nytimes.com/2021/01/29/business/dealbook/robinhood-fundraise-customers.html https://finance.yahoo.com/news/robinhood-ceo-refutes-game-stop-hedge-fund-conspiracy-theory-and-reveals-what-actually-happened-234600703.html crayola555 posted... They didn't restrict anything on other times when the stock market had high volatility, why is this a thing now? This isn't just "a volatile time in the market". It's a massive increase in the IV for a handful of specific stock tickers crayola555 posted... And the fact they only stopped GME from trading on the first day (not to mention SELLING them from some users account without consent) They weren't random sell offs of people's stock, they were people who were investing money they borrowed robinhood gettin margin called. if you're buying a lot of stock on margin that then becomes massively volatile, you're going to margin called regardless of whether or not you think you're "sticking it to the billionaires" or not. --- ... Copied to Clipboard! |
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