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 loycombinate on Thursday January 28, 2021 @11:36PM (#25953975)
Then they should have halted both buy AND sell, just like the NYSE, but they made it sell only instead.
[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by dodobirdlord on Friday January 29, 2021 @03:27AM (#25955258)
Preventing their users from selling out of a position would be much, much more serious than preventing them from adding to a position. Incomparably so.
[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by Semaphor on Thursday January 28, 2021 @11:48PM (#25954057)
Have you not read about the fire they were under a while ago for making it too easy for people to lose money? Making it so people would be stuck in their positions would be insane, way more than their current actions.
[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by dmurray on Friday January 29, 2021 @05:54AM (#25956050)
They stopped both buying and selling, except to close existing positions.
[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by loycombinate on Thursday January 28, 2021 @11:52PM (#25954092)
The stock dropped right after they banned buying. It would have kept going up otherwise.
[ Parent | on HN ]