News for hackers. Stuff that matters.

A comment on Robinhood, in Need of Cash, Raises $1B from Its Investors. Parent comment

Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by cma on Friday January 29, 2021 @03:26AM (#25955249)
They are only covered up to $5 billion for the entire brokerage industry, it may be like 2008 and they all get turned into FDIC insured banks over night if tons of margin accounts fail.
[ Parent | on HN ]
Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by ummonk on Friday January 29, 2021 @04:28AM (#25955583)
Yeah we'd be looking at losses much bigger than that if the short-sellers go under due to a squeeze.
[ Parent | on HN ]
Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by jjeaff on Friday January 29, 2021 @04:00AM (#25955438)
And a max of $100k per account.
[ Parent | on HN ]