3 ms·
If Robinhood wanted to manipulate the GME market, they would have banned selling, not buying. Driving GMEs price lower increases Robinhoods collateral requireme
by valuearb 6y ago
If Robinhood wanted to manipulate the GME market, they would have banned selling, not buying. Driving GMEs price lower increases Robinhoods collateral requirements and pushes them closer to bankruptcy.
- yowlingcat 6y agoWhy assume they'd only want to distort prices up rather than down? On the contrary, it seems to me that "banning selling, not buying" could be a useful tool for helping out some hypothetical buddies who would rather that a large tranche of 115s & 320s don't end up very inconveniently in the money.
- valuearb 6y agoWhy would they think about helping “some buddies” first when their house was on fire and about to collapse? Don’t you realize how extreme it was for them to have to borrow $1B in a single day?
- yowlingcat 6y ago> Why would they think about helping “some buddies” first when their house was on fire and about to collapse? I wouldn't call it their house. I would call it partially /their/ house and partially a house owned by "some buddies."