Exactly, imagine if they're margin is margin called. They don't have enough assets to handle abnormal (but not unlikely) swings. So they're forced to disallow types of trading.

I'm surprised capital requirements aren't in place

it is slightly worrying that society allows something so big that's so... fragile? it's like a disaster waiting to happen and bound to cause massive amounts of damage...

I'm curious why this alone is such a problem? This is substantially better than many other companies at IPO.

I have certain things I look for to determine if a company is worth researching more, and one of them is if they're highly profitable (they're not), if they have a lot of free cash flow (they don't). I cannot evaluate what their assets amounting to $15B are and whether or not these are under/overvalued, so instead I look at cash - debt as that's something I understand much better.

There's no magical formula, tons of people like to put money on unprofitable companies that have a lot of hype and tell you a good story about their mission. For me, I look for companies that are making money today, that have a good earnings rate of growth relative to their p/e ratio, and a business that I understand.

Robinhood is not that. It could be that in the future when I revisit it in a couple quarters or more, but it's not for me.

Hence why I'll pass on this one.

Yup....Their business depends on dogecoin I mean good luck with that.