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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 Miner49er on Thursday January 28, 2021 @08:04PM (#25952139)
Robinhood hasn't said this is what happened to them though. If they had just said this morning, right off the bat, "our clearing house is no longer allowing new positions on these stocks" people would have been pissed, sure, but not as much, and not completely at RH.

Even now, they haven't come out and said anything directly, they just keep making vague references to having "obligations" and "requirements".

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Re:Robinhood is said to draw on bank credit lines amid tumult by bargl on Thursday January 28, 2021 @08:23PM (#25952349)
100% agree. I mentioned somewhere else that their Press Release was crap. If they'd explained like people reading were adults, (maybe they did and I didn't see it) then people would have been a lot less mad.

It's just context for the conversation I was missing, it doesn't mean they are completely blameless, and I support a class action lawsuit. I just appreciate a fuller context for myself and figured others might as well.

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Re:Robinhood is said to draw on bank credit lines amid tumult by mike00632 on Thursday January 28, 2021 @11:21PM (#25953856)
Robinhood is an app made for children, complete with gold stars and achievement celebration noises. What's this about interacting with adults?
[ Parent | on HN ]