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I think you're touching on why brokerages have tried to come down hard on GME. The brokerages themselves have exposure as you explain -- they have a direct fina
by throwaway09223 6y ago
I think you're touching on why brokerages have tried to come down hard on GME. The brokerages themselves have exposure as you explain -- they have a direct financial stake.
Maybe someone at RH ran the numbers on how much they stand to lose if things go sideways and decided it poses an existential threat.
It's the only reason I can think of because halting GME when more than half of their customers hold GME seems like a company ending event.
- jonas21 6y ago> more than half of their customers hold GME This is incorrect. See the correction at the bottom of the article that originally reported that figure [1]: Correction: An earlier version of this article stated that 56 percent of Robinhood users hold GME stock. This is incorrect, based on a misreading of a statistic on Robinhood. Motherboard regrets the error. [1] https://www.vice.com/en/article/m7ak7y/r https://www.vice.com/en/article/m7ak7y/r