Robinhood denies claims that it sold GameStop shares out from under its traders

Re:Robinhood denies claims that it sold GameStop shares out ... by BoorishBears on Saturday January 30, 2021 @12:58AM (#25966631)

I mean I do think that's just legacy wording

You start with Robinhood Instant if your account was made any time in the last 5? or so years?

And things people know RH for won't work without it (like instant deposits and not waiting for settlement)

So options trading was actually added after most accounts had already if not all accounts were Instant

Really the only reason people ever go to Robinhood Cash these days is trying to get around PDT restrictions... but they inevitably realize the entire experience they've been introduced to ran on margin

[ Parent | on HN ]

Re:Robinhood denies claims that it sold GameStop shares out ... by nrmitchi on Saturday January 30, 2021 @10:39AM (#25969911)

I read it more as "If you have manually downgraded to a cash account, and then go into the "Trade Options" page and buy something, we'll automatically change your account type so that it works"

But you're right that it could just be legacy wording.

[ Parent | on HN ]