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I am loving Waters' slap down of Tenev. Tenev refuses to give her the honest answer: Robinhood did have a liquidity problem.
by fractionalhare 6y ago
I am loving Waters' slap down of Tenev. Tenev refuses to give her the honest answer: Robinhood did have a liquidity problem.
- csours 6y agoRobinhood had a liquidity problem in the same way as ERCOT is having a power problem. That is, the corporate entity is Ok, and you have to deal with the problem.
- fractionalhare 6y agoI would not say Robinhood the corporate entity was okay, they seriously fucked up and could have seen this coming. Tenev called it a "five-sigma event" - lol okay. Sure it was, as if volatility blow ups happen once every 8 millennia...