Robinhood, in Need of Cash, Raises $1B from Its Investors

Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by pishpash on Friday January 29, 2021 @04:34AM (#25955612)

Doesn't regular Robinhood require settled cash to trade?

Edit: Nope, looks like Robinhood "Instant" is now the default, margin account, but still limited to $1000 per account:

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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by ummonk on Friday January 29, 2021 @05:40AM (#25955983)

I think it doesn't matter, as they can't use the client's cash on it until the stock is delivered at the end of the T+2 settlement period.

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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by MrMan on Friday January 29, 2021 @07:22AM (#25956522)

This is about settlement on the back end.

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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by loycombinate on Friday January 29, 2021 @04:42AM (#25955650)

1000 x13 millions users...

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