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Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hasn't been bad for Robinhood. They raised a billion dollars last night. [twitter]https://twitter.com/CNBC/status/1355150280690688003?s=20[/twitter][/quote] They BORROWED a billion dollars. [/quote] Yeah, in case nobody realized, the actions of their customers created a financial risk for them. Which is why they quite reasonably limited buying of Gamestop. Hopefully they will be adequately capitalized so their members can learn a life lesson without taking RH down with them.[/quote] And the actions of their customers created a financial risk for hedge funds, so they quite reasonably allowed selling of Gamestop and instituted autoselling of Gamestop in order to manipulate the price down. Hopefully they'll get what they deserve for that. And with all this happening out in the open, I think they will. [/quote]
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