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Robinhood CEO Vlad Tenev speaks out on decision to restrict trading
- mistersys 6y ago"There wasn't a liquidity problem" No matter the real explanation, here's the reality. Some firms continued to allow trading of GME, and a few firms including Robinhood did not. I don't think it's clear that Robinhood did anything illegal, but it seems clear from their lack of transparency and Enterprise BS tactics that they aren't going to lay out a clear reason as to why they halted longs and other firms did not. Probably because it paints Robinhood in a bad light. All this does is continue to expose Robinhood for what it is: A budget brokerage firm with a shitty product. Avoid if you want to maximize your profits.
- boatsie 6y agoBut he didn’t really answer the question concretely. He was worried about the firm being able to handle required deposits, but it’s not a liquidity problem?