Re:Robinhood is said to draw on bank credit lines amid tumult
by vincentmarle on Thursday January 28, 2021 @07:06PM
(#25951436)
They didn't mention any of this in their first announcement though, instead it was some patronizing PR fluff that they "truly believe everyone should have access to financial markets" while at the same time mentioning that they were going to restrict access. Maybe if they didn't treat everyone as little kids, they wouldn't get as big of a backlash?
It was only until after the markets closed that Vlad Tenev really explained what happened: https://twitter.com/vladtenev/status/1354900958942175233