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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 nrmitchi on Thursday January 28, 2021 @08:00PM (#25952098)
> The price dropped because there was no buying pressure

Robinhood is not the entire market. I don't know what the exact number is, but I doubt they're even a material number of the entire stock market.

If Robinhood is the entire buying market, to the point that Robinhood pausing buying is detrimental, then how does that not make it clear that this entire situation is setting up Robinhood users to lose everything they buy?

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Re:Robinhood is said to draw on bank credit lines amid tumult by svnt on Thursday January 28, 2021 @08:47PM (#25952551)
Robinhood was not the only firm blocking buying new positions. Schwab did, TD Ameritrade did, and ETrade did, IBKR did for varying lengths of time. That is the majority of retail.

Here is a fascinating interview with the CEO of IBKR where he literally says they prevented buying for retail and closed large short positions for others: https://streamable.com/ycdec9

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