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You state all this as though their choices were not deliberate. Of course they are acting within the rules, while trying to foster an appearance of all you can
by cabaalis 6y ago
You state all this as though their choices were not deliberate. Of course they are acting within the rules, while trying to foster an appearance of all you can eat buffet instant buy/sell, when the market really doesn't work that way. However, users came to expect that convenience. That business model may be inherently untenable in the face of events like this.
- tptacek 6y agoYour argument is that Robinhood "chose" to create the impression that people could trade any meme stock they wanted with impunity on their platform, but didn't do the work to ensure that they could. I agree, that's a choice they made. The comment upthread argues that Robinhood "chose" to retrict trading in meme stocks. That argument appears to be false. Robinhood did not have a choice whether or not to restrict trading; it simply didn't have the money to cover the clearing for those trades.