Quote:
Originally Posted by FD
This is just completely insane. Robinhood is trying to stop its users from buying into an obvious crash and losing everything. Is it overly paternalistic? Yes. But it is definitely in the interests of the retail traders on the app.
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The **** it is. This whole thing basically bankrupted Melvin (hedge fund), and Citadel helped bail them out. The guy who founded Citadel owns a huge stake in Robinhood, so he made a call. This is protecting the hedge funds, and has nothing to do with protecting its users. I hope RH gets buried over this.