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Political Discussion
Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]They could have halted all buying with unsettled funds if that was the only concern.[/quote] They had to borrow a billion dollars because of cash flow. I don’t think they were in a position to tailor their solution in real time so that a subreddit would be happy. In any case the stock is at 300 again so you can feel free to carry on with your ponzu scheme. Just don’t be the last one out. [/quote] I do like ponzu sauce. That hint of citrus really does make all the difference. But seriously. I dont think you understood what I wrote. Their issue was that their letter of credit was too small for their volume. They need the l/c to cover the float period while funds and transactions settle. If they limited buys to using settled funds only it would have solved the problem more effectively, not been inherently distorting, and would have been relatively normal behavior.[/quote]
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