Re:Robinhood is facing nearly 50 lawsuits over GameStop frenzy
by jusonchan81 on Wednesday March 03, 2021 @12:35PM
(#26331731)
The main problem was majority of the GME interest was on Robinhood platform. So other brokers were able to get away with deposits or shorter blocking.
The next squeeze will put pressure on the other brokers given the movement of accounts out of Robinhood. I feel this works out in favor of Robinhood and as they don’t need to deal with gambling style traders.
The next squeeze will put pressure on the other brokers given the movement of accounts out of Robinhood. I feel this works out in favor of Robinhood and as they don’t need to deal with gambling style traders.