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It is very likely that their "upstream" partners asserted this, and Robinhood didn't have much of a choice. Their biggest mistake is probably the god-awful com

• sgpl 6y ago
  Another thing to note is that one of Robinhood's main investors from their last round, 'D1 Capital', is also down 20% this year [1] with a fund size of 20 billion, so that's a 4 billion dollar hole for them to recover from. I've only seen mention of Citadel but the short squeeze on these stocks (blocked stocks) continuing could literally have made D1 Capital explode. In the aftermath of this fiasco, perhaps Robinhood can get away with a small fine. Even a billion would be less than the collective sum all hedge funds involved could have lost had this upward price movement continued. [1] https://www.bloomberg.com/news/articles/2021-01-28/dan-sundheim-s-20-billion-d1-capital-loses-about-20-this-month https://www.bloomberg.com/news/articles/2021-01-28/dan-sundh...