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A comment on Robinhood denies claims that it sold GameStop shares out from under its traders. Parent comment

Re:Robinhood denies claims that it sold GameStop shares out ... by Tenoke on Friday January 29, 2021 @05:05PM (#25963314)
Plenty of people trading for 10k at Schwab don't know either. Plenty of people don't know the details of their bank account, too. I do blame RH but not for this..

People are always going to be uninformed about some things, yes we should minimize that but we shouldn't make services available only to the rich because of it.

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Re:Robinhood denies claims that it sold GameStop shares out ... by Alupis on Friday January 29, 2021 @05:14PM (#25963414)
I'm not aware of any other institution that allows to to take on debt by accident.
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Re:Robinhood denies claims that it sold GameStop shares out ... by Tenoke on Friday January 29, 2021 @05:19PM (#25963461)
You've never heard of a reversed PayPal or bank transaction that leaves users with a negative balance?
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Re:Robinhood denies claims that it sold GameStop shares out ... by kortilla on Friday January 29, 2021 @05:31PM (#25963620)
Banks (overdraft)
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Re:Robinhood denies claims that it sold GameStop shares out ... by Igelau on Friday January 29, 2021 @09:17PM (#25965353)
Also, not having enough money in the bank, getting charged by the bank to hold on to what little you have, eventually getting charged into negative dollars.
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Re:Robinhood denies claims that it sold GameStop shares out ... by Alupis on Friday January 29, 2021 @05:48PM (#25963816)
All banks offer overdraft protection when you open your account, and they clearly explain what it would mean for your account to go negative.

Definitely not a good comparison.

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Re:Robinhood denies claims that it sold GameStop shares out ... by Tenoke on Friday January 29, 2021 @06:33PM (#25964274)
RH also explains it. Some people don't bother paying attention to that in both cases.
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Re:Robinhood denies claims that it sold GameStop shares out ... by sildur on Saturday January 30, 2021 @01:39AM (#25966828)
ING does too. I've been bitten by that.
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