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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by throwaway09223 on Thursday January 28, 2021 @01:10PM (#25946111)
I think you're touching on why brokerages have tried to come down hard on GME. The brokerages themselves have exposure as you explain -- they have a direct financial stake.

Maybe someone at RH ran the numbers on how much they stand to lose if things go sideways and decided it poses an existential threat.

It's the only reason I can think of because halting GME when more than half of their customers hold GME seems like a company ending event.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by jonas21 on Thursday January 28, 2021 @02:19PM (#25947449)
> more than half of their customers hold GME

This is incorrect. See the correction at the bottom of the article that originally reported that figure [1]:

Correction: An earlier version of this article stated that 56 percent of Robinhood users hold GME stock. This is incorrect, based on a misreading of a statistic on Robinhood. Motherboard regrets the error.

[1] https://www.vice.com/en/article/m7ak7y/r

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