4 ms·
If Robinhood wants to play in this game they need to have deep enough pockets to cover unanticipated events. "We can't both pay our bills and provide you with s
by ineedasername 6y ago
If Robinhood wants to play in this game they need to have deep enough pockets to cover unanticipated events. "We can't both pay our bills and provide you with service at the same time" isn't a great sales pitch.
So the record we have right now is that Robinhood can't keep their servers running on high volatility days (see early 2020) and they can't cover their collateral obligations on high volatility stocks, basically the exact times that people will want to be using their service.