OK, here *may* be why Robinhood & other brokerages shut down trading.Not because evil. Because they can't afford the cost!Due to the volatility of these stocks, their partners now (understandably) want cash up front. No one wants to be holding the bag. https://t.co/3CJv1fqVw7 pic.twitter.com/Lm28kE96hj— balajis.com (@balajis) January 28, 2021
OK, here *may* be why Robinhood & other brokerages shut down trading.Not because evil. Because they can't afford the cost!Due to the volatility of these stocks, their partners now (understandably) want cash up front. No one wants to be holding the bag. https://t.co/3CJv1fqVw7 pic.twitter.com/Lm28kE96hj
See statements below.Robinhood seems to have run low on credit due to this insane surge, and would have needed to go long on $X00M worth of GME. Way too risky given guaranteed eventual drop. So they shut it down.1) https://t.co/H4SYeZYhNc2) https://t.co/3dJUV6wH50 pic.twitter.com/kHTCJoWgJQ— balajis.com (@balajis) January 28, 2021
See statements below.Robinhood seems to have run low on credit due to this insane surge, and would have needed to go long on $X00M worth of GME. Way too risky given guaranteed eventual drop. So they shut it down.1) https://t.co/H4SYeZYhNc2) https://t.co/3dJUV6wH50 pic.twitter.com/kHTCJoWgJQ
01-28-2021, 04:34 PM
