News for hackers. Stuff that matters.

A comment on Analysis: Robinhood protected from lawsuits by user agreement, Congress. Parent comment

Re:Analysis: Robinhood protected from lawsuits by user agree... by Daho0n on Saturday January 30, 2021 @01:50PM (#25971764)
How come it works from all the way over here in Scandinavia? No problems with GME while RH was shutting it down.

Also, Robin Hood - the irony. They are clearly for the rich against the poor. More like the sheriff of nottingham!

[ Parent | on HN ]
Re:Analysis: Robinhood protected from lawsuits by user agree... by gruez on Saturday January 30, 2021 @01:57PM (#25971833)
>How come it works from all the way over here in Scandinavia? No problems with GME while RH was shutting it down.

Maybe because there's already a high barrier to trading US stocks (or stocks in general), so there wasn't enough people piling on to strain the brokerage's balance sheets?

[ Parent | on HN ]
Re:Analysis: Robinhood protected from lawsuits by user agree... by egwor on Saturday January 30, 2021 @02:10PM (#25971953)
Agreed. Probably highly likely that few others using that broker were involved.
[ Parent | on HN ]
Re:Analysis: Robinhood protected from lawsuits by user agree... by jonp888 on Saturday January 30, 2021 @02:46PM (#25972291)
Just luck. Trade Republic, a Robin-hood-alike in Germany, also had to shut down GME purchases.
[ Parent | on HN ]
Re:Analysis: Robinhood protected from lawsuits by user agree... by capableweb on Saturday January 30, 2021 @02:41PM (#25972243)
I'm also in a European country and using my national bank for trading. In the end, my bank is using JP Morgan for NYSE trades, so in the end would be up to JP Morgan to block trades. But everything seems to have worked fine here all week.
[ Parent | on HN ]
Re:Analysis: Robinhood protected from lawsuits by user agree... by Gwypaas on Saturday January 30, 2021 @02:13PM (#25971990)
Because we buy stocks on the open market paying courtage for someone to execute the trade.
[ Parent | on HN ]