Re:Robinhood is said to draw on bank credit lines amid tumult
by jonp888 on Thursday January 28, 2021 @07:32PM
(#25951823)
They have. There is no silence. They made a blog post saying pretty much exactly this: https://blog.robinhood.com/news/2021/1/28/an-update-on-marke... - they had capital and deposit obligations which they couldn't meet due to volatility, but having sorted this out they can resume trding.
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Re:Robinhood is said to draw on bank credit lines amid tumult
by DangitBobby on Thursday January 28, 2021 @09:23PM
(#25952864)
Their first statement was nothing like that [1]. Why do we choose to believe the second thing over the first thing? Because it makes them look better?
1. https://blog.robinhood.com/news/2021/1/28/keeping-customers-...