News for hackers. Stuff that matters.

A comment on Robinhood is said to draw on bank credit lines amid tumult. Parent comment

Re:Robinhood is said to draw on bank credit lines amid tumult by franklampard on Thursday January 28, 2021 @07:08PM (#25951474)
They did the latter didn’t they?
[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by fastball on Thursday January 28, 2021 @07:12PM (#25951533)
Exactly. I have a RH account with zero margin and was not able to even look at GME in the RH app (i.e. not even see a chart – didn't show up in the search results at all).

People who already owned shares were able to sell, but nothing else.

[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by Kranar on Thursday January 28, 2021 @07:14PM (#25951554)
They disabled it altogether, cash and margin.
[ Parent | on HN ]