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| Topic | The CEO of Robinhood looks like Kylo Ren |
| crayola555 01/30/21 8:07:10 AM #30: | Frolex posted... Robinhood doesn't have have to put forward collateral to execute a sell order, they do have to to execute a buy order. It's not "horseshit", you just don't understand the basics of how the market works. 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. And like you said earlier, RH is a brokerage that has more than enough capability to handle heavy trade volumes. They didn't restrict anything on other times when the stock market had high volatility, why is this a thing now? And the fact they only stopped GME from trading on the first day (not to mention SELLING them from some users account without consent), then went ahead and put out a list of other stocks with restricted trading after RH got called out.......why didn't all those stocks got restricted at the start? They were all volatile. I duno man, not convinced they are doing it for the people,.....maybe hedge fund people yes. --- 3DS FC: 0619-4850-3479 IGN: AlmaDelita ... Copied to Clipboard! |
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