Robinhood CEO, Reddit Co-Founder and Others Testify on GameStop Stock

Re:Robinhood CEO, Reddit Co-Founder and Others Testify on Ga... by clipradiowallet on Thursday February 18, 2021 @01:52PM (#26183918)

I think all that heat was driven by uneducated (market-wise) people furiously commenting to elected officials with a similar lack of market-related education. After some education, the angry masses realized that the CEO had nothing to do with anything that affected them. They just paid some market tuition.

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Re:Robinhood CEO, Reddit Co-Founder and Others Testify on Ga... by nodesocket on Thursday February 18, 2021 @02:21PM (#26184256)

Indeed, it was easy for politicians to try and capitalize on the event (stock market rigged for the rich saga) when in reality it was financial regulation that caused RH to have to stop allowing buy orders in GME.

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Re:Robinhood CEO, Reddit Co-Founder and Others Testify on Ga... by user3939382 on Thursday February 18, 2021 @02:55PM (#26184611)

> it was financial regulation

By “financial regulation” do you mean capital requirements being set by unknown individuals at the DTCC according to a formula that is unknown to the public and, by his own admission, even the CEO of Robinhood himself? I don’t know what I’d call that but it’s not what one typically thinks of as financial regulation.

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