News for hackers. Stuff that matters.

A comment on Transfer Stocks Out of Your Robinhood Account. Parent comment

Re:Transfer Stocks Out of Your Robinhood Account by tomerico on Friday January 29, 2021 @12:32AM (#25954379)
It's also hard to believe that their margin based algorithm doesn't have parameters that can be tuned easily. It's not the first time that a single stock has crazy volatility and speculation.
[ Parent | on HN ]
Re:Transfer Stocks Out of Your Robinhood Account by jcranmer on Friday January 29, 2021 @01:02AM (#25954554)
A financial institution didn't foresee a black swan financial event? Color me shocked.

If I'm reading the Twitter thread right, what killed Robinhood was the component of ">30% of your flow is in one stock", which is something that I could absolutely see never having happened to Robinhood until now.

[ Parent | on HN ]