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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 mrep on Thursday January 28, 2021 @09:04PM (#25952686)
Lol, so instead, most of the internet thinks they are colluding with institutional short sellers at hedge funds in order to save them and screw over retail investors. They already had (probably in spam detection right now as they are currently gone) hundreds of thousands of 1 star reviews on the android star and tons of people like me deleting their app.

Oh, and I heard they were supposed to IPO this quarter and I can see this event single handedly completely derailing that with how many users they are going to lose.

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Re:Robinhood is said to draw on bank credit lines amid tumult by JumpCrisscross on Thursday January 28, 2021 @09:18PM (#25952815)
> instead, most of the internet thinks they are colluding with institutional short sellers at hedge funds in order to save them and screw over retail investors

Communications were undeniably terrible. That said, I imagine they have a limited number of people on staff with deep clearing knowledge, and those people were preoccupied. Aviate, Navigate, Communicate.

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Re:Robinhood is said to draw on bank credit lines amid tumult by Aeolun on Thursday January 28, 2021 @11:07PM (#25953753)
> I imagine they have a limited number of people on staff with deep clearing knowledge

Since you just gave us the basics in like 5 minutes, is it too much to expect that people whose job it literally is know that too? Especially the ones doing communications.

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Re:Robinhood is said to draw on bank credit lines amid tumult by JumpCrisscross on Friday January 29, 2021 @01:26AM (#25954672)
> is it too much to expect that people whose job it literally is know that too?

No, I don't think so. I don't know when they drew on these lines of credit. Maybe that was still up in the air when the first announcement was made. No financial institution wants to say "we ran out of capital" during market hours.

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Re:Robinhood is said to draw on bank credit lines amid tumult by 0_gravitas on Thursday January 28, 2021 @10:10PM (#25953289)
I'm sorry but I absolutely cannot buy this (just like $GME); I see Hanlon's razor weaponized like this constantly and I think we've long passed the point of violating Occam's.
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