2 ms·
>RH most likely made the decision already taking into account the potential costs of making it (including lawsuits and fines by regulators). Yep. It's very pos
by yanderekko 6y ago
>RH most likely made the decision already taking into account the potential costs of making it (including lawsuits and fines by regulators).
Yep. It's very possible that RH just knowingly violated whatever rules/regulations in full expectation that this would still be in their long-run best interest, particularly if they were financially exposed in whatever ways on the shorts that were generating losses. We'll see how this works out for them - they'll take a reputational hit but honestly most people do not have an incentive to leave the platform other than smoldering moral outrage or because they think that GME-like opportunities will continue to present themselves in the future (unlikely imo.)