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I'm very much with the WSB folks, but I have a theory about the trading halt that may be more innocent. RH's exposure to margin ensures that when GME inevitably
by reilly3000 6y ago
I'm very much with the WSB folks, but I have a theory about the trading halt that may be more innocent. RH's exposure to margin ensures that when GME inevitably plummets, they aren't on the hook for giant liability. They may behave the same way for any stock that broke circuit breakers that fast, and some of it legit is to protect the interests of their retail investors.
That said, for Robinhood's business model, you're the product, not the investor. Outside of reputational damage they DGAF about the outcomes of individual investors as long as they don't have skin in the game.
- okprod 6y agoRH using protecting retail investors' interests as an excuse now to force selling of shares